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Cheap Apartments for Rent in Indianapolis, IN - 395 Rentals available

Apartments Under $500

  • (6)
    10101 E Montery Rd, Indianapolis, IN 46235
    $474 - $984
    • Studio-2 Beds
    • 1 Bath
    Pangea Real Estate
    Available Today! Last updated 24 Jun 2021
    (833) 558-7461

Apartments Under $600

  • 7171 Twin Oaks Drive, Indianapolis, IN 46226
    $514 - $999
    • Studio-3 Beds
    • 1-1.5 Baths
    Towne Properties Asset Mgt Co
    Last updated 24 Jun 2021
    (844) 813-9106
  • (5)
    5816 W 38Th ST, Indianapolis, IN 46254
    $539 - $1,102
    • 1-4 Beds
    • 1-1.5 Baths
    Pangea Real Estate
    Available Today! Last updated 24 Jun 2021
    (833) 453-8885
  • 7110 Township Line Road, Indianapolis, IN 46260
    $564 - $949
    • 1-3 Beds
    • 1-1.5 Baths
    Gene B. Glick Company, Inc
    Last updated 24 Jun 2021
    (317) 316-8533
  • 3714 Bartlett Ave, Indianapolis, IN 46227
    $569 - $719
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Available Today! Last updated 23 Jun 2021
    (317) 559-3839
  • 6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    See current rent specials
    $575 - $754
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Available Today! Last updated 24 Jun 2021
    (317) 961-3147
  • 6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    See current rent specials
    $575 - $799
    • 1-2 Beds
    • 1 Bath
    Odin Management
    Available Today! Last updated 24 Jun 2021
    (317) 353-0300
  • (9)
    5018 Lemans Dr, Indianapolis, IN 46205
    $579 - $1,178
    • Studio-4 Beds
    • 1-2 Baths
    Pangea Real Estate
    Available Today! Last updated 24 Jun 2021
    (833) 256-5745
  • 5549 Rosewood Commons Dr., Indianapolis, IN 46254
    $589 - $919
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 23 Jun 2021
    (317) 559-3832
  • 8020 Madison Ave, Indianapolis, IN 46227
    $590 - $750
    • 1-2 Beds
    • 1 Bath
    Friedman Communities
    Last updated 24 Jun 2021
    (833) 843-6698
  • (1)
    3340 North Meridian Street, Indianapolis, IN 46208
    $595
    • Studio-2 Beds
    • 1 Bath
    H & K Apartment Management LLC
    Last updated 24 Jun 2021
    (317) 608-2801

Apartments Under $700

  • 2913 E. Hanna Ave, Indianapolis, IN 46227
    $600 - $750
    • 1-2 Beds
    • 1-2 Baths
    Multifamily Management
    Last updated 24 Jun 2021
    (833) 493-4937
  • (7)
    3215 N Alton Ave, Indianapolis, IN 46222
    $603 - $1,293
    • 1-3 Beds
    • 1-2 Baths
    Pangea Real Estate
    Last updated 24 Jun 2021
    (833) 404-2027
  • (2)
    3417 N Rybolt Ave, Indianapolis, IN 46222
    $607 - $1,179
    • Studio-2 Beds
    • 1 Bath
    Pangea Real Estate
    Last updated 24 Jun 2021
    (833) 497-2337
  • 6764 Lambert Street, Indianapolis, IN 46241
    $608 - $985
    • 1-4 Beds
    • 1-1.5 Baths
    Gene B. Glick Company, Inc
    Last updated 24 Jun 2021
    (317) 316-8743
  • 11415 Knollridge Ln, Indianapolis, IN 46229
    $619 - $984
    • 1-4 Beds
    • 1-1.5 Baths
    Real Estate Service Solutions Company (Ressco)
    Last updated 24 Jun 2021
    (317) 891-1100
  • 4741 E Washington Street, Indianapolis, IN 46201
    $620 - $750
    • 1-3 Beds
    • 1-2 Baths
    H & K Apartment Management LLC
    Last updated 24 Jun 2021
    (317) 608-2801
  • 7980 Dunston Drive, Indianapolis, IN 46239
    $629 - $759
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 24 Jun 2021
    (317) 559-3833
  • (12)
    5500 Pleasant Hill Circle, Indianapolis, IN 46224
    $629 - $973
    • 1-3 Beds
    • 1-2 Baths
    Pangea Real Estate
    Last updated 24 Jun 2021
    (833) 556-9435
  • 5505 Scarlet Drive, Indianapolis, IN 46224
    $637 - $1,385
    • Studio-3 Beds
    • 1 Bath
    Pangea Real Estate
    Last updated 24 Jun 2021
    (833) 354-1970
  • (1)
    7036 East 10Th Street, Indianapolis, IN 46219
    $650 - $675
    • 1-2 Beds
    • 1 Bath
    H & K Apartment Management LLC
    Last updated 24 Jun 2021
    (317) 608-2801
  • 9201 E 30Th St, Indianapolis, IN 46229
    $650 - $965
    • 1-3 Beds
    • 1-2.5 Baths
    Friedman Communities
    Last updated 24 Jun 2021
    (833) 882-2643
  • (3)
    4656 Edwardian Cr, Indianapolis, IN 46254
    $650 - $1,040
    • 1-3 Beds
    • 1-2.5 Baths
    Friedman Communities
    Last updated 24 Jun 2021
    (833) 792-7250
  • 4959 Oakhurst Drive, Indianapolis, IN 46254
    $659 - $699
    • Studio-3 Beds
    • 1-2 Baths
    Elon Management
    Last updated 24 Jun 2021
    (317) 559-3836
  • 2069 Olivewood Drive, Indianapolis, IN 46219
    $659 - $869
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Last updated 23 Jun 2021
    (317) 559-3835

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 $479 and $4,362. Find cheap apartments in Indianapolis, IN.

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

There are 394 cheap rentals available on RENTCafé. Prices and availability in Indianapolis, IN were last updated on 23 Jun 2021.

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

The average Indianapolis, IN cheap apartment size is 676 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.

Indianapolis, IN Demographics

  • Total Population864,447
  • Female 416,893
    Male 447,554
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, May 2021 $956 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70017%
  • $701-$1,00049%
  • $1,001-$1,50029%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Indianapolis, IN $820 $839 $850 $857 $875 $887 $905 $915 $933 $940 $956
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
/

Indianapolis, IN Households

  • Total Number of Households338,208
  • Family 183,037
    Non-family 155,171
  • Children 93,309
    No Children 244,899
  • Average People Per Household2.51
  • Median Household Income$47,873
  • Median Housing Costs Per Month$923

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School37%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree19%
  • 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 395 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 $956 per month so any rental south of $765 would be considered cheap here. On RENTCafé, Indianapolis, IN rents go as low as $474/mo.

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