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Cheap Apartments for Rent in Greater Indianapolis, IN - 166 Rentals available

Apartments Under $500

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Looking for a cheap apartment for rent in Greater Indianapolis, IN? With RENTCafé, finding an affordable apartment in Greater Indianapolis, IN has never been easier. We feature 166 low-priced rentals directly from property managers, with rents lower than the Greater Indianapolis, IN average. What is a cheap rent in Greater Indianapolis, IN? The average apartment rent in Greater Indianapolis is $956 per month so any rental south of $765 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $389 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $583, while a cheap 2-bedroom apartment will cost you about $690 per month. On RENTCafé, Greater Indianapolis, IN rents go as low as $458/mo.