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Apartments for Rent in Indianapolis, IN under $600 – 88 Rentals available

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Indianapolis, IN Demographics

  • Total Population853,431
  • Female 411,970
    Male 441,461
  • Median Age34.1

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, April 2019$848/mo

Indianapolis, IN Apartment Rent Ranges

  • < $5003%
  • $501-$70030%
  • $701-$1,00048%
  • $1,001-$1,50016%
  • $1,501-$2,0002%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
Indianapolis, IN $759 $777 $787 $796 $807 $815 $819 $820 $848
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 461074618346201462024620346204462054620846214462164621746218462194622046221462224622446225462264622746228462294623146234462354623646237462394624046241462504625446256462594626046268462784628046290

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households333,316
  • Family 186,185
    Non-family 147,131
  • Children 97,007
    No Children 236,309
  • Average People Per Household2.51
  • Median Household Income$44,709
  • Median Housing Costs Per Month$879

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School38%
  • Some College24%
  • Associate Degree6%
  • Bachelor Degree18%
  • Graduate Degree9%

Apartments in Indianapolis, IN under $600

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $600?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 86 apartments for rent in Indianapolis, IN on which you’ll spend less than $600. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $600

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $600. The average rental size in Indianapolis, IN is 795 Sqft, but the $600 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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