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Cheap Apartments for Rent in Indianapolis, IN - 498 Rentals available

Apartments Under $400

Apartments Under $600

  • 3417 N Rybolt Ave, Indianapolis, IN 46222
    $515 - $1,091
    • Studio-2 Beds
    • 1 Bath
    Pangea Real Estate
    Available Today! Last updated 15 Jan 2021
    (833) 497-2337
  • (5)
    3215 N Alton Ave, Indianapolis, IN 46222
    $546 - $1,227
    • 1-3 Beds
    • 1-2 Baths
    Pangea Real Estate
    Available Today! Last updated 15 Jan 2021
    (833) 404-2027
  • 5505 Scarlet Drive, Indianapolis, IN 46224
    $548 - $1,176
    • Studio-3 Beds
    • 1 Bath
    Pangea Real Estate
    Available Today! Last updated 15 Jan 2021
    (833) 354-1970
  • 11023 Elmtree Park Drive, Indianapolis, IN 46229
    $550
    • Studio-2 Beds
    • 1-2 Baths
    Friedman Communities
    Available Today! Last updated 15 Jan 2021
    (317) 947-4234
  • 7110 Township Line Road, Indianapolis, IN 46260
    $554 - $934
    • 1-3 Beds
    • 1-1.5 Baths
    Gene B. Glick Company, Inc
    Last updated 15 Jan 2021
    (317) 316-8533
  • (2)
    5816 W 38Th ST, Indianapolis, IN 46254
    $561 - $1,088
    • 1-4 Beds
    • 1-1.5 Baths
    Pangea Real Estate
    Available Today! Last updated 15 Jan 2021
    (833) 453-8885
  • 4959 Oakhurst Drive, Indianapolis, IN 46254
    $564 - $824
    • Studio-3 Beds
    • 1-2 Baths
    Elon Management
    Last updated 15 Jan 2021
    (317) 559-3836
  • (6)
    10101 E Montery Rd, Indianapolis, IN 46235
    $566 - $1,127
    • Studio-2 Beds
    • 1 Bath
    Pangea Real Estate
    Last updated 15 Jan 2021
    (833) 558-7461
  • 5549 Rosewood Commons Dr., Indianapolis, IN 46254
    $569 - $804
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 14 Jan 2021
    (317) 559-3832
  • 6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    See current rent specials
    $575 - $699
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Last updated 15 Jan 2021
    (317) 353-0300
  • 6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    See current rent specials
    $575 - $760
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Last updated 15 Jan 2021
    (317) 353-0300
  • 7171 Twin Oaks Drive, Indianapolis, IN 46226
    $579 - $989
    • Studio-3 Beds
    • 1-1.5 Baths
    Towne Properties Asset Mgt Co
    Last updated 15 Jan 2021
    (844) 813-9106
  • (6)
    2913 E. Hanna Ave, Indianapolis, IN 46227
    $580 - $735
    • 1-2 Beds
    • 1-2 Baths
    Multifamily Management
    Last updated 15 Jan 2021
    (833) 493-4937
  • 2069 Olivewood Drive, Indianapolis, IN 46219
    $589 - $774
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 14 Jan 2021
    (317) 559-3835
  • 8020 Madison Ave, Indianapolis, IN 46227
    $590 - $750
    • 1-2 Beds
    • 1 Bath
    Friedman Communities
    Last updated 15 Jan 2021
    (833) 843-6698
  • 3340 North Meridian Street, Indianapolis, IN 46208
    $595
    • Studio-2 Beds
    • 1 Bath
    H & K Apartment Management LLC
    Last updated 15 Jan 2021
    (317) 608-2801
  • 2900 South Pennsylvania Street, Indianapolis, IN 46225
    $595 - $605
    • 1 Bed
    • 1 Bath
    H & K Apartment Management LLC
    Last updated 15 Jan 2021
    (317) 608-2801
  • 7036 East 10Th Street, Indianapolis, IN 46219
    $595 - $675
    • 1-2 Beds
    • 1 Bath
    H & K Apartment Management LLC
    Last updated 15 Jan 2021
    (317) 608-2801
  • 5350 E. 21St St.,, Indianapolis, IN 46218
    $595 - $699
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Last updated 15 Jan 2021
    (317) 353-0300
  • 4741 E Washington Street, Indianapolis, IN 46201
    $595 - $895
    • 1-3 Beds
    • 1-2 Baths
    H & K Apartment Management LLC
    Last updated 15 Jan 2021
    (317) 608-2801
  • 5350 Cider Mill Lane, Indianapolis, IN 46226
    $597 - $1,973
    • 1-2 Beds
    • 1-1.5 Baths
    Herman & Kittle
    Last updated 15 Jan 2021
    (844) 793-6193
  • 3034 N. Webster Ave.,, Indianapolis, IN 46226
    $599 - $710
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Last updated 15 Jan 2021
    (317) 353-0300
  • 3749 Willowood Drive, Indianapolis, IN 46235
    $599 - $739
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 15 Jan 2021
    (317) 559-3837
  • 7601 Carlton Arms Drive, Indianapolis, IN 46256
    $599 - $1,244
    • Studio-2 Beds
    • 1-2.5 Baths
    The Sterling Group
    Last updated 15 Jan 2021
    (833) 669-5730

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 RENTCafé, 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.

Frequently Asked Questions

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

The price range of a cheap apartment is between $359 and $1,916. Find cheap apartments in Indianapolis, IN.

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

There are 453 cheap rentals available on RENTCafé. Prices and availability in Indianapolis, IN were last updated on 15 Jan 2021.

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

The average Indianapolis, IN cheap apartment size is 710 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. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Indianapolis, IN.

Renting a Cheap Apartment in Indianapolis

Indiana’s state capital is a fast-growing city with affordable housing, jobs in manufacturing, services and health care, and love of motor sports. The famous Indy 500 happens here annual at Indianapolis Motor Speedway. This is the largest-single day sports event in the entire world. The Colts, the city’s NFL team, also inspire much local pride. Indianapolis is home to numerous colleges, a revitalized downtown that’s home to businesses, shops and museums, and beautiful rivers and parks. There are six cultural districts of historic merit. Tourists visit for conventions, White River State Park, and the Indianapolis Zoo. Indianapolis will host the 2012 Super Bowl, a major event for the city.

Indianapolis, IN Demographics

  • Total Population857,637
  • Female 413,806
    Male 443,831
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, October 2020 $925 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70020%
  • $701-$1,00051%
  • $1,001-$1,50025%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
Indianapolis, IN $818 $820 $839 $850 $857 $875 $887 $887 $905 $915 $925
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
/

Indianapolis, IN Households

  • Total Number of Households335,373
  • Family 184,496
    Non-family 150,877
  • Children 94,966
    No Children 240,407
  • Average People Per Household2.51
  • Median Household Income$46,442
  • Median Housing Costs Per Month$898

Indianapolis, IN Education Statistics

  • No High School5%
  • Some High School38%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree18%
  • Graduate Degree9%

Looking for a cheap apartment for rent in Indianapolis, IN? With RENTCafé, finding an affordable apartment in Indianapolis, IN has never been easier. We feature 498 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 $925 per month so any rental south of $740 would be considered cheap here. On RENTCafé, Indianapolis, IN rents go as low as $359/mo.

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