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Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

249 Rentals Available
Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100

Apartments Under $600

  • 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+

Apartments Under $700

  • a living room with a couch and a coffee table
    81
    Today

    3710 N Meridian St, Indianapolis, IN 46208
    STUDIO $669+
    1 BED $719+
    2 BEDS Ask for Pricing

Apartments Under $800

  • a building with a sign in front of it
    107
    Today

    315 Koehne Street, Indianapolis, IN 46222
    1 BED $711+
    2 BEDS $817
  • a small kitchen with a stove and a sink
    128
    Today

    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    1 BED $722+
    2 BEDS $793+
  • a living room with a couch and a table and a pool table
    31
    Today

    1430 & 1420 Madison Ave., Indianapolis, IN 46225
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A house with a grey roof and a white fence.
    21
    Today

    657 Birch Avenue, Indianapolis, IN 46221
    3 BEDS $750
  • a bedroom with a bed and a chair and a window
    79
    Today

    3034 N. Webster Ave.,, Indianapolis, IN 46226
    1 BED $763+
    2 BEDS $971+
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  • a living room with a couch and a coffee table
    203
    Today

    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $770+
    1 BED $820+
    2 BEDS $1,035+
  • A living room with a white couch, a coffee table, and a painting on the wall.
    87
    Today

    2760 Cherry Glen Way, Indianapolis, IN 46227
    STUDIO $799
    1 BED $899+
    2 BEDS Ask for Pricing

Apartments Under $900

  • a living room with a couch and a table and a large window
    549
    Today

    3810 Cooper Square Court, Indianapolis, IN 46205
    1 BED $1,025
    2 BEDS $829+
    3 BEDS $1,238
  • the living room of an apartment with a couch and a table
    150
    Today

    5350 E. 21St St.,, Indianapolis, IN 46218
    1 BED $845+
    2 BEDS $885
  • A living room with a white couch, a coffee table, and a painting on the wall.
    72
    Today

    3714 Bartlett Ave, Indianapolis, IN 46227
    STUDIO $849
    1 BED $999+
    2 BEDS Ask for Pricing
  • a kitchen with a stainless steel refrigerator and a sink
    74
    Today

    3720 N Pennsylvania St, Indianapolis, IN 46205
    1 BED $850
    2 BEDS $975
    4 BEDS Ask for Pricing
  • a living room with a couch and a table
    22
    Today

    3777 N. Meridian St., Indianapolis, IN 46208
    Income Restricted
    1 BED $851
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  • 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

Apartments Under $1,000

  • A living room with a dining table and chairs.
    158
    Today

    3120 Nobscot Drive, Indianapolis, IN 46222
    1 BED $925
    2 BEDS $1,080+
    3 BEDS Ask for Pricing
  • A living room with a white couch and a coffee table.
    105
    Today

    4100 Continental Court, Indianapoils, IN 46227
    1 BED $974+
    2 BEDS $934+
    3 BEDS $1,399
  • an open living room with a kitchen and a dining area with chairs and a table
    370
    Today

    4724 Round Lake Rd, Indianapolis, IN 46205
    1 BED $949+
    2 BEDS $1,109+
    3 BEDS $1,274+
  • a living room with couches and chairs and a desk
    73
    Today

    737 Lockefield Lane, Indianapolis, IN 46202
    1 BED $954+
    2 BEDS $1,253

Apartments Under $1,100

  • 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 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
  • 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 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 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
1-24-nhood
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Getting around in Downtown Indianapolis, IN

83 /100
Very Walkable
67 /100
Good Transit
99 /100
Biker's Paradise
Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

Frequently asked questions

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

The average Downtown Indianapolis, Indianapolis, IN cheap apartment size is 849 sq. ft.

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

Cheap apartments in Downtown Indianapolis, 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 Downtown Indianapolis, Indianapolis, IN?

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

Looking for a cheap apartment for rent in Downtown Indianapolis, Indianapolis, IN? With RentCafe, finding an affordable apartment in Downtown Indianapolis has never been easier. We feature 249 low-priced rentals directly from property managers, with rents lower than the Downtown Indianapolis, Indianapolis, IN average, which is currently $1,572. On RentCafe, Downtown Indianapolis rents go as low as $505/mo.

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