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Cheap Apartments for Rent in Downtown Indianapolis

1,297 Rentals
.
  3. Building Photo - Dunbar Court
    STUDIO
    $675+
    1 BED
    $875+

    Dunbar Court

    1022 Dr Martin Luther King St, Indianapolis, IN 46202
  9. Building Photo - Canal Gardens
    2 BEDS
    $891

    Canal Gardens

    1249 Dr Martin Luther King Jr St, Indianapolis, IN 46202
  11. STUDIO
    $930+
    1 BED
    $1,010+

    Senate Manor

    545-551 N Senate Ave, Indianapolis, IN 46204
  14. Building Photo - Artistry Indy
    $281 Off
    Price Drop. $281 Off
    STUDIO
    $959+
    1 BED
    $1,356+
    2 BEDS
    $1,639+
    3 BEDS
    $1,960+

    Artistry Indy

    451-475 E Market St, Indianapolis, IN 46204
    (463) 219-1267
  18. Building Photo - College Manor
    1 BED
    $995+
    2 BEDS
    $1,050+

    College Manor

    1450 N College Ave, Indianapolis, IN 46202
  22. Building Photo - 9 On Canal
    Good Value
    STUDIO
    $1,060+
    1 BED
    $1,265+
    2 BEDS
    $1,465+
    3 BEDS
    $2,865+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,045 - $3,300
    Required Monthly Fees$15
    Total Monthly Price$1,060 - $3,315

    9 On Canal

    335 W 9th St, Indianapolis, IN 46202
    (463) 209-7169
  25. Building Photo - The McKay
    1 BED
    $1,080

    The McKay

    611 N Pennsylvania St, Indianapolis, IN 46204
  26. Building Photo - 800 Capitol
    Rent Special
    Rent Special
    1 BED
    $1,091+
    2 BEDS
    $1,296+

    800 Capitol

    800 N Capitol Ave, Indianapolis, IN 46204
  30. 1 BED
    $1,105+
    2 BEDS
    $1,670+

    The Richelieu

    610 N East St, Indianapolis, IN 46202
  32. Building Photo - The Vue
    STUDIO
    $1,111+
    1 BED
    $1,320+
    2 BEDS
    $1,878+

    The Vue

    718 E Georgia St, Indianapolis, IN 46202
  36. Building Photo - Ralston Apartments
    Rent Special
    Rent Special
    1 BED
    $1,204+
    2 BEDS
    $1,610+
    3 BEDS
    $2,073+
    4 BEDS
    $2,949+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,150 - $2,895
    Required Monthly Fees$54
    Utilities & EssentialsVaries
    Total Monthly Price$1,204 - $2,949

    Ralston Apartments

    1201 Indiana Ave, Indianapolis, IN 46202
    (463) 800-8310
Showing 42 of 157 results, Page 1 of 4

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Cheap Apartments in Downtown Indianapolis Neighborhood in Indianapolis, IN

When looking for cheap apartments in Downtown Indianapolis, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Indianapolis.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 157 cheap apartments available in Downtown Indianapolis, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Indianapolis

(For 1 bedroom apartments)

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