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Cheap Apartments for Rent in Indianapolis, IN
558 Rentals Available

Apartments Under $500

  • 1 day ago

    57 N Rural St., Indianapolis, IN 46201
    3 BEDS $414

Apartments Under $600

  • 1 day ago

    23 North Rural Street, Indianapolis, IN 46201
    STUDIO $619
    1 BED $505+
    2+ BEDS $730
  • 1 day ago

    19 N. Oxford St., Indianapolis, IN 46201
    1 BED $525+
    2 BEDS $800

Apartments Under $700

  • 1 day ago

    18 S. Parker Ave., Indianapolis, IN 46201
    1 BED $751
    2 BEDS $600
  • Today

    3710 N Meridian St, Indianapolis, IN 46208
    STUDIO $629+
    1 BED $789+
    2 BEDS $949
  • Today

    3215 N Alton Ave, Indianapolis, IN 46222
    1 BED $661+
    2 BEDS $1,099+
    3 BEDS $1,186+
  • Today

    5505 Scarlet Drive, Indianapolis, IN 46224
    STUDIO $703+
    1 BED $687+
    2+ BEDS $1,410+
  • Today

    315 Koehne Street, Indianapolis, IN 46222
    1 BED $691+
    2 BEDS $787
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  • Today

    3810 Cooper Square Court, Indianapolis, IN 46205
    1 BED $693
    2 BEDS $1,078
    3 BEDS $1,454+
  • Today

    10705 US Hwy 136, Indianapolis, IN 46234
    STUDIO $699
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing

Apartments Under $800

  • Today

    2638 Cold Spring Manor Dr, Indianapolis, IN 46222
    1 BED $704+
    2 BEDS $815+
    3 BEDS Ask for Pricing
  • Today

    3417 N Rybolt Ave, Indianapolis, IN 46222
    STUDIO $706+
    1 BED $942+
    2 BEDS $899+
  • Today

    2148 Augusta Drive East, Indianapolis, IN 46224
    1 BED $707
    2 BEDS $968+
  • 1 day ago

    4959 Oakhurst Drive, Indianapolis, IN 46254
    STUDIO $709+
    1 BED $845+
    2+ BEDS $1,145+
  • 1 day ago

    5549 Rosewood Commons Dr., Indianapolis, IN 46254
    STUDIO $725+
    1 BED $850+
    2 BEDS Ask for Pricing
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  • Today

    7747 Santa Monica Drive, Indianapolis, IN 46268
    1 BED $726+
    2 BEDS $1,005+
    3 BEDS $1,284+
  • Today

    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    1 BED $729+
    2 BEDS $912+
  • Today

    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    1 BED $729+
    2 BEDS $912+
  • Today

    1430 & 1420 Madison Ave., Indianapolis, IN 46225
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • Today

    951 Carlyle Lane, Indianapolis, IN 46240
    1 BED $733+
    2 BEDS $966+
  • Today

    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $735+
    1 BED $835+
    2+ BEDS $1,005+
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  • Today

    2455 Rolls Drive, Indianapolis, IN 46268
    1 BED $742+
    2 BEDS $966+
  • Today

    3120 Nobscot Drive, Indianapolis, IN 46222
    1 BED $755+
    2 BEDS $1,060+
    3 BEDS $1,370
  • 1 day ago

    4958 Dawn Drive, Indianapolis, IN 46268
    STUDIO $764
    1 BED $844+
    2 BEDS Ask for Pricing
  • Today

    7110 Township Line Road, Indianapolis, IN 46260
    Income Restricted
    1 BED $779
    2 BEDS Ask for Pricing
    3 BEDS $1,266
  • Today

    6430 Maidstone Road, Indianapolis, IN 46254
    STUDIO $780+
    1 BED $805+
    2+ BEDS $1,075+
  • Today

    3001 Bavarian West Drive, Indianapolis, IN 46235
    STUDIO $782+
    1 BED $834+
    2 BEDS $1,068+
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  • Today

    5018 Lemans Dr, Indianapolis, IN 46205
    Income Restricted
    STUDIO $791+
    1 BED $850+
    2+ BEDS $940+
  • 1 day ago

    7980 Dunston Drive, Indianapolis, IN 46239
    STUDIO $799
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • 1 day ago

    2760 Cherry Glen Way, Indianapolis, IN 46227
    STUDIO $799+
    1 BED $934+
    2 BEDS Ask for Pricing

Apartments Under $900

  • Today

    9000 N. College Ave, Indianapolis, IN 46240
    STUDIO $800
    1 BED $895+
    2 BEDS $865+
  • Today

    4417 Linwood Ct, Indianapolis, IN 46201
    1 BED $806+
    2 BEDS $945+
  • Today

    2069 Olivewood Drive, Indianapolis, IN 46219
    STUDIO $820
    1 BED $875+
    2 BEDS Ask for Pricing
  • Today

    4555 N Arlington Ave, Indianapolis, IN 46226
    1 BED Ask for Pricing
    2 BEDS $820+
    3 BEDS Ask for Pricing
  • Today

    1130 Racquet Club North Drive, Indianapolis, IN 46260
    1 BED $826+
    2 BEDS $1,308+
    3 BEDS Ask for Pricing
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  • 1 day ago

    8026 Mcfarland Court, Indianapolis, IN 46227
    STUDIO $834+
    1 BED $989+
    2 BEDS Ask for Pricing
  • Today

    10101 E Montery Rd, Indianapolis, IN 46235
    STUDIO Ask for Pricing
    1 BED $838+
    2 BEDS $1,201+
  • Today

    4100 Continental Court, Indianapoils, IN 46227
    1 BED $840+
    2 BEDS $970
    3 BEDS Ask for Pricing
  • Today

    6363 Commons Drive, Indianapolis, IN 46254
    1 BED $845+
    2 BEDS Ask for Pricing
    3 BEDS $1,595
  • Today

    3720 N Pennsylvania St, Indianapolis, IN 46205
    1 BED $850
    2 BEDS Ask for Pricing
    4 BEDS Ask for Pricing
  • Today

    240 N. Warman Ave., Indianapolis, IN 46222
    1 BED $900
    2 BEDS $850+
    3 BEDS $1,300+
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  • Today

    9201 E. 46Th Street, Indianapolis, IN 46235
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS $856
  • Today

    6475 Excalibur Ct, Indianapolis, IN 46268
    1 BED $857+
    2 BEDS $970+
    3 BEDS $1,371+
  • Today

    5350 E. 21St St.,, Indianapolis, IN 46218
    1 BED $872+
    2 BEDS $941
  • Today

    5500 Pleasant Hill Circle, Indianapolis, IN 46224
    1 BED $872+
    2 BEDS $1,018+
    3 BEDS $1,197+
  • Today

    4656 Edwardian Circle, Indianapolis, IN 46254
    1 BED $875+
    2 BEDS $1,150+
    3 BEDS $1,700+
  • Today

    1540 Handball Lane, Indianapolis, IN 46260
    STUDIO $890+
    1 BED $946+
    2+ BEDS $1,108+
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  • Today

    1366 N Arlington Ave, Indianapolis, IN 46219
    2 BEDS $894+

Apartments Under $1,000

  • Today

    6875 Faris Avenue, Indianapolis, IN 46226
    6 Units available
    1 BED $949
    2 BEDS $1,149
    Amenities
    • Air Conditioner
    • Dishwasher
    • Pool
    • Patio/Balcony
  • Today

    7503 Ivywood Circle, Indianapolis, IN 46250
    1 BED Ask for Pricing
    2 BEDS $1,079+
    3 BEDS $1,558+
81-0-city
You viewed 269 of 558 rentals.

Popular searches Average rent Renters guide Demographics

Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

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

The price range of a cheap apartment is between $414 and $4,024.

How many cheap rentals are available in Indianapolis, IN on RentCafe?

There are 2814 cheap rentals available on RentCafe. Prices and availability in Indianapolis, IN were last updated on 18 Apr 2025.

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

The average Indianapolis, IN cheap apartment size is 767 sq. ft.

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

Cheap apartments in 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 Indianapolis, IN?

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

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in Indianapolis, IN? With RentCafe, finding an affordable apartment in Indianapolis, IN has never been easier. We feature 558 low-priced rentals directly from property managers, with rents lower than the Indianapolis, IN average. What is a cheap rent in Indianapolis, IN? The average apartment rent in Indianapolis is $1,250 per month so any rental south of $1,000 would be considered cheap here. On RentCafe, Indianapolis, IN rents go as low as $414/mo.

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