How expensive is it to rent a studio apartment in Indianapolis?

The average rent for a studio apartment in Indianapolis is $1,211 per month.

How much is rent for a one-bedroom apartment in Indianapolis?

One-bedroom apartment rentals in Indianapolis rent for $1,244 per month.

What is the typical rent for a two-bedroom apartments in Indianapolis?

The average rent for a two-bedroom apartment in Indianapolis is $1,479 per month.

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Apartments for Rent in Indianapolis, IN under $1,000

156 rentals available

1 of 15
The Stratford Apartments
$699
3201 Watergate Rd, Indianapolis, IN 46224
(385) 355-7674
16 units available
Studio • 1 bed • 2 bed
Amenities
Patio / balcony, Pet friendly, E-payments, Online portal, and CC payments
Pet-Friendly Comfort
Spacious living with superb amenities and management.
The Stratford Apartments offers spacious homes with standout amenities. Positioned near major highways, residents enjoy easy access to dining, shopping, and entertainment. Residents love the comfort and excellent service provided by a dedicated management team.
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Greentree Apartments
$889
2524 Tamarack Lane, Indianapolis, IN 46227
(781) 725-6935
9 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Recently renovated + more
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Lincolnshire Apartments
$875
6221 N College Ave, Indianapolis, IN 46220
(854) 458-6294
1 unit available
Studio
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, E-payments, Some paid utils + more
Historic Charm
Charming apartment with prime Broad Ripple location.
Lincolnshire Apartments embrace the historic charm of a bygone era. Situated in the lively Broad Ripple neighborhood, residents enjoy unparalleled access to trendy restaurants and exciting entertainment. The apartment's pet-friendly policy welcomes both cats and dogs, making it ideal for pet lovers.
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The Meadows Apartment Homes
$849
5505 Scarlet Drive, Indianapolis, IN 46224
(773) 985-6329
5 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Convenient Serenity
Peaceful living with nearby shopping and dining options.
Meadows offers a serene and safe environment, ideal for those seeking peace and proximity to amenities. With its strategic location, residents enjoy easy access to vibrant shopping and dining options. The property is also cost-effective, priced significantly below the metro average, providing great value for your rental choice.
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Best market deals
These units are the best deal in town.
1131 N Rural Street E
Studio • 1 Bath • 1172 sqft
Base monthly rent
$500+
Available
Now
223 S Gladstone Ave 2 Bed
2 Beds • 1 Bath • 850 sqft
Base monthly rent
$550+
Available
Now
The Barton Center 806Sro
1 Bed • 1 Bath • 190 sqft
Base monthly rent
$581+
Available
Now
Studio Apartment on S Brookville Rd & S Arlington Ave Studio, 1 Bath, $625
Studio • 1 Bath • 500 sqft
Base monthly rent
$625+
Available
Now
634 E 37th Street 4
2 Beds • 1 Bath • 8793 sqft
Base monthly rent
$625+
Available
Now
The Grove on 79th
$999
2000 W 79th St, Indianapolis, IN 46260
(503) 966-5597
9 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, 24hr maintenance + more
Community Appeal
Spacious homes with unmatched amenities and convenience.
The Grove on 79th offers a spacious and community-oriented living experience in Crooked Creek. Residents praise the proactive management and delight in amenities like a pool, gym, and tennis courts. Its strategic location provides easy access to shopping, dining, and transportation, ensuring a connected lifestyle.
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Serenity Park
$794
9060 East 39th Place, Indianapolis, IN 46235
(812) 310-4501
3 units available
1 bed • 2 bed
Amenities
W/D hookup, Dishwasher, Pet friendly, Walk in closets, Gym, Pool + more
Spacious Living
Experience the ultimate in comfortable, pet-friendly spaces.
Serenity Park offers spacious layouts ideal for comfortable living. Residents love the convenience of in-unit washer and dryer hookups. Enjoy a pet-friendly environment with a fitness center and a pool for relaxation.
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The Prairies Apartment Homes
$909
4555 North Arlington Avenue, Indianapolis, IN 46226
(317) 668-4084
Rent Savings
43 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Cost-Efficient
Spacious living, excellent amenities, peaceful neighborhood
Prairies offers a cost-effective lifestyle with rental prices notably below the metro average. Residents love the spacious, well-maintained apartments complete with high-end finishes. The community is highly rated for its amenities, including a popular swimming pool and fitness center. Situated in a quiet neighborhood, it's an ideal place for those seeking comfort and convenience.
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The Hills Apartment Homes
$949
5500 Pleasant Hill Circle, Indianapolis, IN 46224
(312) 818-5489
Rent Savings
14 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Prime Location
Urban Living with Great Amenities
Hills Apartments in Indianapolis boast a fantastic urban location with easy access to shopping, dining, and transportation options. The property offers a variety of amenities, including a fitness center, pool, and pet-friendly policies for both cats and dogs. Residents praise the spacious apartments and the fast response to maintenance requests.
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4.5
The Cedars Apartment Homes
$999
3417 North Rybolt Avenue, Indianapolis, IN 46222
(317) 240-8812
Top rated for Amenities
“Management are always very helpful, Rosa is the best! And I just love the location. Maintenance service a plus. I feel at home 😊”
4 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Peaceful Living
Tranquil spaces in a cost-effective price range.
Cedars Apartments offers a peaceful and quiet living environment, praised by residents for its tranquility and friendly community. Located in Eagledale, Indianapolis, this pet-friendly oasis provides fantastic value, priced significantly below the metro average. Enjoy the convenience of nearby amenities with numerous restaurants, grocery stores, and parks within a short walk.
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The Vineyards Apartment Homes
$889
10101 Montery Road, Indianapolis, IN 46235
(317) 342-1815
20 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Pet Paradise
Peaceful living near amenities and transit.
Vineyards offers a tranquil environment in Indianapolis, perfect for pet owners with both dogs and cats allowed. Residents love the responsive maintenance and professional management, ensuring a smooth living experience. Conveniently located near shopping centers and restaurants, daily tasks and commuting are a breeze.
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Luxury apartments
Top units for an elevated lifestyle.
429 W 86th Street 5 Bed
5 Beds • 5 Baths • 3958 sqft
Base monthly rent
$8,500+
Available
Now
River House 105
Studio • 1 Bath • 1815 sqft
Total monthly rent
$5,268
Available
Now
Luxury Townhome in downtown Indianapolis! 3 Beds, 5 Baths, $5000
3 Beds • 5 Baths • 2734 sqft
Base monthly rent
$5,000+
Available
Now
640 E 10th Street 4 Bed
4 Beds • 4 Baths • 2146 sqft
Base monthly rent
$4,750+
Available
Now
311 Jordan Road 0 Bed
Studio • 1 Bath • 3200 sqft
Base monthly rent
$3,500+
Available
Now
The Fields Apartment Homes
$859
3215 North Alton Avenue, Indianapolis, IN 46222
(669) 342-0477
10 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Spacious Haven
Spacious comfort with cost-effective Indianapolis living.
Fields offers expansive one-bedroom apartments that are perfect for those seeking comfort and abundant space. Residents appreciate the swift response to maintenance requests and enjoy a peaceful and safe community. The property is a great value, priced significantly below the metro average by 37%.
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4.0
Courts
$949
4417 Linwood Ct, Indianapolis, IN 46201
(317) 653-6637
Top rated for Location
“The children in my unit are loud all hours of the day and night. Constantly screaming, yelling, and throwing trash all around the apartment inside and outside”
8 units available
2 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, 24hr maintenance, Carport, Recently renovated + more
Cost-Effective Comfort
Convenient, budget-friendly haven in Indianapolis
Nestled in the Near Eastside, Courts offers a cost-effective living experience in Indianapolis, being priced significantly below the metro average. Residents love the peaceful environment and the attentive, helpful staff. The property's prime location, directly behind Linwood Plaza, makes it perfect for those who enjoy walking to nearby amenities.
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The Pines at SoBro
$839
5018 Lemans Drive, Indianapolis, IN 46205
(317) 542-3873
35 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Great Value
Convenient living near Monon Trail and downtown access.
Enjoy a cost-effective lifestyle at Pines at Sobro, where the price is below the metro average. Residents rave about the friendly staff and the spacious, comfortable apartments featuring amenities like vaulted ceilings. The community benefits from easy access to the Monon Trail and it is surrounded by a wealth of dining options.
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Garfield Park
$799
360 Sandra Lane, Indianapolis, IN 46227
(463) 255-5912
Rent Savings
11 units available
1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Gym, Pool + more
Cost-Effective Living
Great value with fantastic amenities and local convenience.
Garfield Park offers a standout living experience with excellent value, priced 32% below the metro average. Residents enjoy the convenience of on-site amenities like a fitness center and swimming pool. With parks, schools, and entertainment within walking distance, it's perfect for those seeking an active and engaging lifestyle.
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Pine Glen
$870
4259 Burkhart Dr, Indianapolis, IN 46227
(463) 222-0980
6 units available
1 bed • 2 bed
Amenities
On-site laundry, Hardwood floors, Dishwasher, Pet friendly, New construction, 24hr maintenance + more
Value Choice
Great value with comprehensive amenities.
Pine Glen offers a remarkable value at 23% below the metro average. Located in North Perry, this community boasts desirable amenities like a pool, playground, and pet-friendly policies. Within a mile, enjoy convenient access to schools, parks, and dining options, making it a well-rounded choice for residents.
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Broad Ripple Trails
$839
5220 Luzzane Lane, Indianapolis, IN 46220
(463) 232-6746
12 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Pet friendly, 24hr maintenance, Parking, Gym, Pool + more
Trail Access
Vibrant Community Near Broad Ripple Village
Broad Ripple Trails Commons is perfectly positioned near the Monon Trail, ideal for biking and walking. Residents enjoy a vibrant mix of dining and entertainment options nearby at Broad Ripple Village. The property boasts well-maintained amenities like a gym, pool, and clubhouse, all enhancing the living experience.
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Frequently Asked Questions (FAQs)

City Guide for Indianapolis, IN

Indianapolis, fondly known as "Indy," is renowned for its sports culture, notably the Indianapolis 500, a centerpiece of local pride and an international renown. Indianapolis is also the proud home of the Colts and the Pacers. It also boasts a vibrant arts scene, including an array of museums, theaters, and the famous Indianapolis Symphony Orchestra. The Madame Walker Legacy Center, home to the Madame Walker Theater, is a historical gem positioned in the heart of the city near Indiana University Indianapolis.

If you're looking to rent in Indy, there's a few things you should know

View Indianapolis City Guide