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Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

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  • Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,400

  • Apartments Under $600

  • 1 bd $525
    Base rent Income restricted
    Verified Listing

    Oxford Flats

    4.5 (3)
    19 N. Oxford St., Indianapolis, IN 46201
    Pet friendly
  • Studio $771
    1 bd $540
    3 bd $1,170
    Base rent Income restricted
    Verified Listing

    Commonwealth Apartments

    4.0 (3)
    23 North Rural Street, Indianapolis, IN 46201
    Pet friendly

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  • New Units Available
    Studio $581
    3 bd $1,222+
    Base rent
    Verified Listing

    Barton Center

    210 East Michigan Street, Indianapolis, IN 46204
    Pet friendly • Dishwasher • Laundry Facilities

  • Apartments Under $700

  • Rent specials
    Studio $619+
    1 bd $699+
    2 bd $1,009
    Base rent
    Verified Listing

    Meridian Towers

    4.5 (2)
    3710 N Meridian St, Indianapolis, IN 46208
    Apply online • Pet friendly • Fitness center

  • Apartments Under $800

  • Rent specials New Units Available
    Studio $700+
    1 bd $800+
    2 bd $1,000+
    Base rent
    Verified Listing

    Maple Creek Village

    3800 West Michigan, Indianapolis, IN 46222-3385
    Apply online • Pet friendly • Air conditioner
  • 1 bd $703
    2 bd $1,068
    3 bd $1,211
    Base rent
    Verified Listing

    East Village At Avondale Meadows Apartments

    3.5 (65)
    3810 Cooper Square Court, Indianapolis, IN 46205
    Apply online • Pet friendly • Pool

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  • Ask for pricing
    Verified Listing

    Madison Lofts

    1430 & 1420 Madison Ave., Indianapolis, IN 46225
    Pet friendly • In unit laundry • Dishwasher
  • 1 bd $751+
    2 bd $892
    Base rent
    Verified Listing

    Koehne Commons

    4.0 (3)
    315 Koehne Street, Indianapolis, IN 46222
    Apply online • Pet friendly • Air conditioner
  • Rent specials New Units Available
    1 bd $781+
    2 bd $910+
    3 bd $1,228+
    Base rent
    Verified Listing

    Brookwood Apartments

    5301 Turtle Creek Drive South, Indianapolis, IN 46227
    Apply online • Pet friendly • Fitness center

  • Apartments Under $900

  • Rent specials
    Studio $819+
    1 bd $979+
    Base rent
    Verified Listing

    Spicewood

    3714 Bartlett Ave, Indianapolis, IN 46227
    Apply online • Pet friendly • Dishwasher
  • Rent specials New Units Available
    1 bd $824+
    2 bd $1,029+
    3 bd $1,309
    Base rent
    Verified Listing

    Capital Place

    4100 Continental Court, Indianapoils, IN 46227
    Apply online • Pet friendly • Patio/Balcony

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  • Rent specials New Units Available
    1 bd $880+
    2 bd $999+
    3 bd $1,399
    Base rent
    Verified Listing

    Woods At Oak Crossing

    4.5 (3)
    3105 Nobscot Drive, Indianapolis, IN 46222
    Apply online • Pet friendly • Dishwasher

  • Apartments Under $1,000

  • Rent specials New Units Available
    1 bd $929+
    2 bd $1,089+
    Base rent
    Verified Listing

    River West Flats

    3.0 (1)
    1150 N White River Pkwy Dr W, Indianapolis, IN 46222
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    1 bd $929
    Base rent
    Verified Listing

    Cherry Glen

    2760 Cherry Glen Way, Indianapolis, IN 46227
    Apply online • Pet friendly • Dishwasher

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  • 1 bd $994+
    2 bd $1,328
    Base rent
    Verified Listing

    Lockefield Gardens

    3.5 (33)
    737 Lockefield Lane, Indianapolis, IN 46202
    Apply online • Pet friendly • Parking

  • Apartments Under $1,400

  • Rewards Only 3 units left
    3 bd $1,370
    Base rent Income restricted
    Verified Listing

    Pleasant Springs

    4.0 (2)
    1015 Vesper Pl, Indianapolis, IN 46203
    Apply online • Pet friendly • In unit laundry
  • 3 bd $1,700
    Base rent
    Verified Listing

    1045 Orange St

    1045 Orange St, Indianapolis, IN 46203
  • 3 bd $2,200
    Base rent
    Verified Listing

    1337 Barth Ave

    1337 Barth Ave, Indianapolis, IN 46203
    Pet friendly • Dishwasher • Air conditioner

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  • Ask for pricing
    Income restricted
    Verified Listing

    St. Lucas Lofts

    5.0 (1)
    2810 E New York St, Indianapolis, IN 46201
    Pet friendly
  • Ask for pricing
    Income restricted
    Verified Listing

    Englewood Homes

    4.5 (2)
    57 N Rural St., Indianapolis, IN 46201
    Pet friendly
  • Ask for pricing
    Verified Listing

    Conner House Apartments

    3445 Bethel Ave., Indianapolis, IN 46203
    Pet friendly • Air conditioner • High Speed Internet
  • Ask for pricing
    Income restricted
    Verified Listing

    Providence Place

    4935 E. 21St Street, Indianapolis, IN 46218
    Pet friendly
  • Rent specials
    Ask for pricing
    Verified Listing

    Frederick Square

    3.0 (41)
    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    Pet friendly • Fitness center • Air conditioner
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Frequently asked questions

What is the price of a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

The price range of a cheap apartment is between $581 and $1,499.

What is the average size of a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

The average Downtown Indianapolis, Indianapolis, IN cheap apartment size is 759 sq. ft.

What are the advantages of renting a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

Cheap apartments in Downtown Indianapolis, Indianapolis, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

A cheap apartment in Downtown Indianapolis, Indianapolis, IN offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Downtown Indianapolis, Indianapolis, IN? With RentCafe, finding an affordable apartment in Downtown Indianapolis has never been easier. We feature 235 low-priced rentals directly from property managers, with rents lower than the Downtown Indianapolis, Indianapolis, IN average, which is currently $1,661. On RentCafe, Downtown Indianapolis rents go as low as $525/mo.