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Cheap Apartments for Rent in Indianapolis, IN

1,056 Rentals Available
  • a living room with a couch and a desk with a laptop
    109
    Today

    7007 Deer Path Dr., Indianapolis, IN 46254
    1 BED $970+
    2 BEDS $1,240
  • A living room with a grey couch, a wooden table and chairs, a rug, and a ceiling fan.
    5
    Today

    6111 Allisonville Rd, Indianapolis, IN 46220
    1 BED $999
    2 BEDS $1,325
    3 BEDS $1,650
  • a living room with a couch and a fireplace
    296
    Today

    1902 Parsons Drive, Indianapolis, IN 46224
    1 BED $751
    2 BEDS $1,019
    3 BEDS $1,335
  • a living room with leather furniture and a fireplace
    21
    Today

    7401 Merganser Drive, Indianapolis, IN 46260
    Income Restricted
    1 BED $1,020+
    2 BEDS $1,391+
    3 BEDS $1,956+
  • a living room with a couch and a table
    52
    Today

    4737 E. 19Th St.,, Indianapolis, IN 46218
    2 BEDS $1,023+
  • a living room and kitchen with a couch and a table
    55
    Today

    115 S. High School Rd, Indianapolis, IN 46241
    1 BED $1,029
    2 BEDS $1,349
    3 BEDS Ask for Pricing
  • a living room with a brown couch and a blue rug
    74
    Today

    4010 Mann Village Rd, Indianapolis, IN 46221
    Income Restricted
    1 BED $1,049+
    2 BEDS $1,199+
  • a kitchen with black appliances and granite counter tops
    25
    Today

    6764 Lambert Street, Indianapolis, IN 46241
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS $1,323+
    3 BEDS $1,389+
  • a living room with couches and chairs and a table
    100
    Today

    1015 Vesper Pl, Indianapolis, IN 46203
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS $1,078
    3 BEDS $1,320+
  • a kitchen with white cabinets and a black stove and sink
    105
    Today

    5302 Woodbrook Drive, Indianapolis, IN 46254
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room with couches and a fireplace
    30
    Today

    3820 Cedar Ridge Rd, Indianapolis, IN 46235
    Income Restricted
    1 BED $1,190
    2 BEDS $1,282+
  • a living room with a table and chairs and a large window
    72
    Today

    9201 E. 46Th Street, Indianapolis, IN 46235
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A large white building with a brown roof is surrounded by a wooden fence.
    Today

    3445 Bethel Ave., Indianapolis, IN 46203
    1 BED Ask for Pricing
  • a large brick building with a flag in front of it
    148
    Today

    23 North Rural Street, Indianapolis, IN 46201
    Income Restricted
    STUDIO $982
    1 BED $505+
    2 BEDS $630+
  • A modern kitchen with dark wood cabinets and stainless steel appliances.
    290
    Today

    19 N. Oxford St., Indianapolis, IN 46201
    Income Restricted
    1 BED $525
    2 BEDS $795+
  • A kitchen with a black refrigerator and a black microwave.
    121
    Today

    18 S. Parker Ave., Indianapolis, IN 46201
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A yellow house with a grey door and windows.
    29
    Today

    57 N Rural St., Indianapolis, IN 46201
    Income Restricted
    3 BEDS Ask for Pricing
  • A living room with a black couch and a wooden floor.
    22
    Today

    4935 E. 21St Street, Indianapolis, IN 46218
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS $861
  • A kitchen with black appliances and a marble counter top.
    42
    Today

    2810 E New York St, Indianapolis, IN 46201
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
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You viewed 866 of 1056 rentals.

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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 $669 and $4,147.

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

There are 743 cheap rentals available on RentCafe. Prices and availability in Indianapolis, IN were last updated on 19 Nov 2025.

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

The average Indianapolis, IN cheap apartment size is 773 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 5 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 $494/mo.

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