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Apartments for Rent in Indianapolis, IN under $500
17 Rentals Available

  • Today

    841 E 64Th St, INDIANAPOLIS, IN 46220
    15 Units available
    • Studio
    • $495
    View Property
  • Today

    5719 Massachusetts Ave, Indianapolis, IN 46218
    1 Unit available
    • 1 BED
    • 2 BEDS
    • $410
    • Ask for pricing
    View Property
  • 456 days ago

    3615 Sherman Forest Drive, Indianapolis, IN 46205
    Contact for availability
    • Studio
    • 1 BED
    • $359
    • $429
    View Property

Indianapolis, IN in the News

Renting apartments in Indianapolis, IN under $500

Searching for apartments for rent in Indianapolis, IN under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Indianapolis, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Indianapolis, IN going for $359 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!