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cheap apartments
Last updated May 15 at 7:09 AM

1,041 Cheap Apartments for rent in Indianapolis, IN

Finding cheap apartments in Indianapolis takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements... Read Guide >
Verified
10 Units Available
Shore Acres
1105 Westfield Ct W
Indianapolis, IN | North Central
Studio
Ask
1 Bedroom
$924
750 sqft
Last updated May 15 at 7:09 AM
Stylish homes in the heart of the bustling Broad Ripple area. Building includes complementary trash pick-up, air conditioning and in-unit laundry. Right along the Monon Trail, offering easy access to world-class shopping, dining and more.
Verified
1 Unit Available
Braeburn Village Apartments
2170 Braeburn East Dr
Indianapolis, IN
1 Bedroom
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2 Bedrooms
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3 Bedrooms
$891
1260 sqft
Last updated May 15 at 7:09 AM
Great location, in the Warren Township School District. Residents enjoy communal gym, playground and emergency maintenance. Homes offer ceiling fans, storage areas, and washers and dryers.
Verified
35 Units Available
The Vue Luxury Apartments
718 E Georgia St
Indianapolis, IN | Downtown Indianapolis
Studio
$976
530 sqft
1 Bedroom
$1,247
767 sqft
2 Bedrooms
$1,435
1099 sqft
Last updated May 15 at 6:24 AM
The Vue Apartments are in the heart of Indianapolis and offer the best in city living. Apartments are large, with big closets and individual climate control. The perfect place to make your own.
Verified
2 Units Available
Frederick Square
3028 N Webster Ave
Indianapolis, IN | Arlington Woods
1 Bedroom
Ask
2 Bedrooms
$694
885 sqft
Last updated May 15 at 6:29 AM
Verified
63 Units Available
The Meridian South
2085 Waterford Pl
Indianapolis, IN | Crooked Creek
Studio
$585
445 sqft
1 Bedroom
$615
564 sqft
2 Bedrooms
$661
1100 sqft
Last updated May 15 at 6:27 AM
Create your dream life at The Meridian South! Our newly-renovated spacious one, two, and three-bedroom apartment homes offer everything you need. Discover custom features, open floor plans, chef-inspired kitchens, private patios and balconies, and more. Enjoy amenities designed with you in mind, like our brand new fitness center, two relaxing pools with sundecks, on-site laundry centers, and a business center. Ideally located near a myriad of shopping and entertainment options, The Meridian South offers the perfect balance of comfort and convenience. Our community provides convenient access to Westlane Shopping Center, Indianapolis Motor Speedway, the Indianapolis Zoo, the Indianapolis Museum of Art and so much more! Visit us today to discover why The Meridian South is the perfect place to call home!
Verified
2 Units Available
Ivy Knoll Apartments
5707 Ivy Knoll Dr
Indianapolis, IN | Allisonville
2 Bedrooms
$979
1195 sqft
Last updated May 15 at 6:27 AM
Located close to I-465 and Keystone at the Crossing. Larger homes featuring beautiful views. Swimming pool with a sundeck and park-like setting. Private carports available. Full-size washers and dryer hookups provided.
Verified
11 Units Available
The George Apartment Homes
5810 Sebring Dr
Indianapolis, IN | Snacks - Guion Creek
1 Bedroom
$655
650 sqft
2 Bedrooms
$820
808 sqft
3 Bedrooms
Ask
Last updated May 15 at 6:25 AM
At The George in Indianapolis, Indiana, choose from newly renovated one-, two-, and three-bedroom apartment homes and townhomes. Your new home includes large walk-in closets, a chef inspired kitchen with chic black appliances and updated cabinetry and fixtures, a private patio or balcony, and much more. We invite you to experience our outstanding community amenities like our brand new bark park, newly completed mail station, and relaxing swimming pool with sundeck, to name a few. Additional conveniences include 24-hour emergency maintenance and exciting resident activities planned by a welcoming staff. Conveniently located just 6 miles from downtown Indianapolis, The George offers the perfect location for an easy commute to a variety of local favorite attractions such as Eagle Creek Park, Indianapolis Motor Speedway and Museum, and Victory Field.
$
Verified
48 Units Available
Artistry Apartments
451 E Market St
Indianapolis, IN | Downtown Indianapolis
Studio
$1,009
504 sqft
1 Bedroom
$1,316
650 sqft
2 Bedrooms
$1,760
1075 sqft
Last updated May 15 at 6:24 AM
The apartment homes in this mixed-use space community feature granite countertops, hardwood floors and walk-in closets. Outside, residents have access to a bocce court, community garden. Interstate 70 is only moments away.
Verified
6 Units Available
Scandia Apartments
9250 Kungsholm Dr
Indianapolis, IN | Castleton
1 Bedroom
$799
896 sqft
2 Bedrooms
$969
1254 sqft
3 Bedrooms
Ask
Last updated May 15 at 6:23 AM
Stylish apartments located in the Scandia Neighborhood. Several floor plans to choose from. Apartments feature custom cabinets, granite counters, fireplace and built-in wine rack. Beautiful pool with poolside Wi-Fi. Carports and garages available.
Verified
30 Units Available
Historic Marcy Village
4555 Marcy Ln
Indianapolis, IN | Fairgrounds
1 Bedroom
$800
625 sqft
2 Bedrooms
$865
740 sqft
Last updated May 15 at 6:23 AM
Experience the historic charm of Historic Marcy Village constructed in 1938 with all modern conveniences and updates. Located in South Broad Ripple , the completely renovated one and two bedroom apartments are situated on 26 beautifully landscaped fenced and gated acres. Hardwood oak floors, new appliances, new cabinets, 10 ft. ceilings, ceramic tile floors, pedestal sinks, and central heat and air conditioning make our apartments distinctive in the Indianapolis area.
Verified
9 Units Available
Strawbridge Green Apartments
4649 Strawbridge St
Indianapolis, IN | I65-South Emerson
2 Bedrooms
$755
3 Bedrooms
$820
Last updated May 15 at 6:22 AM
Upgraded apartments with granite counters and vinyl plank flooring. Pet friendly. Open parking on site. Conveniently located next to I-465 and I-65. Close to the University of Indianapolis.
Verified
34 Units Available
The Meridian North
2100 Westlane Rd
Indianapolis, IN | Crooked Creek
1 Bedroom
$625
698 sqft
2 Bedrooms
$840
800 sqft
3 Bedrooms
$1,165
1300 sqft
Last updated May 15 at 6:22 AM
Come home to The Meridian North and see what it means to Live Life Better! Our newly renovated one, two, and three-bedroom apartment homes and townhomes include features designed to ensure your comforts, such as oversized walk-in closets, chef-inspired kitchens with separate dining areas, vaulted ceilings, and much more. Residents of The Meridian North also enjoy 54 acres of scenic beauty along with an array of desired community amenities, such as a shimmering pool with sundeck, on-site laundry centers, BBQ and picnic area, and a soccer field and playground for some fun in the sun! Located near a wide variety of casual and fine dining, shopping, and entertainment, The Meridian North offers the perfect balance of comfort and convenience. Enjoy a game at Victory Field, or spend a day at the Indianapolis Museum of fine arts or at Eagle Creek Park. Our location is central to everything you need. Visit us today to see why The Meridian North apartment is the perfect home for you!
Verified
5 Units Available
Martinique Terrace
6789 S East St
Indianapolis, IN | Edgewood
1 Bedroom
$779
850 sqft
2 Bedrooms
$789
900 sqft
3 Bedrooms
$1,074
1300 sqft
Last updated May 15 at 6:21 AM
Just a few minutes from Downtown Indy, I-465 and I-65. This community offers larger apartments with new oak cabinetry, built-in appliances, and a private balcony or patio. On-site pool with a sundeck provided.
Verified
15 Units Available
Timber Point Apartments
6201 Newberry Rd
Indianapolis, IN | I69-Fall Creek
1 Bedroom
$770
2 Bedrooms
$860
3 Bedrooms
$955
Last updated May 15 at 6:20 AM
Elegant apartments located right off of I-465, just minutes from shopping, dining and entertainment. Choose from several beautiful floor plans. Car ports and garages are available. Apartments are cat and dog friendly.
Verified
1 Unit Available
Community Place Apartments
1201 Community Pl
Indianapolis, IN | South Perry
2 Bedrooms
Ask
3 Bedrooms
$930
987 sqft
4 Bedrooms
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Last updated May 15 at 6:20 AM
Community Place is the place to be on the south side of Indianapolis. At Community Place, youll find yourself within walking distance of Community South Hospital, Greenwood Park Mall, a variety of fine restaurants and your favorite entertainment spots. Our well-designed two and three bedroom apartments and four bedroom townhome with attached garage, were designed for spacious living. Community Place is conveniently located just minutes from Downtown Indianapolis with convenient interstate access.
Verified
13 Units Available
College Courts of Nora
9301 Yale Dr
Indianapolis, IN | Nora - Far Northside
1 Bedroom
$744
475 sqft
2 Bedrooms
$909
870 sqft
Last updated May 15 at 6:16 AM
These newly refurbished homes features oak cabinetry and modern appliances. Near I-465. The community features a lavish pool, fitness center and private brick carports. Lake views available.
Verified
1 Unit Available
North Willow
1844 Pemberton Ln
Indianapolis, IN | St. Vincent - Greenbriar
1 Bedroom
$870
800 sqft
2 Bedrooms
Ask
3 Bedrooms
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Last updated May 15 at 6:16 AM
North Willow is located on the prestigious north side of Indianapolis, Indiana, across the street from St. Vincent's Hospital and surrounded by the cities best shopping, dining and entertainment. We are within minutes to I-465, Nora, Castleton and Keystone at the Crossing. North Willow was designed for those who expect the best price, location and floor plan choices that a new apartment home should offer. Combine the grace and elegance of a quaint charming community with all the modern comforts and conveniences of today's living. Our oversized apartments offer wood burning fireplaces, full size washer & dryer connections, private entries, walk-in-closets and private patio/balconies. Extra attention has been given to the appearance of the community to ensure that it feels more like home with our lush flowering plants, majestic trees and beautiful foliage. Compliment your lifestyle by making North Willow your new home. This is extraordinary living!!
Verified
3 Units Available
Compton
6126 Compton Street
Indianapolis, IN | Broad Ripple
2 Bedrooms
$950
800 sqft
Last updated May 15 at 6:15 AM
Located just off the Monon Trail in the heart of Broad Ripple, Compton Court apartment homes offer spacious two bedroom floor plans. Most units are conveniently equipped with basements containing washer and dryer connections. Compton Courts central location adds to the appeal of this community, being fifteen minutes from downtown, ten minutes from Castleton shopping and restaurants, and only five minutes from Butler University. Residents pay Electric and Gas. Water, Sewage and Trash are PAID.
Verified
7 Units Available
Fallwood
5200 E Fall Creek Parkway North Dr
Indianapolis, IN | Devon
1 Bedroom
Ask
2 Bedrooms
$874
1200 sqft
Last updated May 15 at 6:14 AM
Fallwood is nestled in acres and acres of woods on the far northeast side of Indianapolis, Indiana. An ideal location that is just seconds from Binford Boulevard (SR 37) and minutes to downtown, Castleton and Broad Ripple Village. Fallwood apartment homes offer expansive floor plan choices, impressive architecture, custom built-in-bookcases, and unique apartments with dens. Other apartment features include self-cleaning oven, refrigerator with icemaker, microwave, washer/dryer connection, walk-in-closets, private patio or balcony plus much more. We are located with the excellent Washington Township School District and the Skiles Test Nature Park. Our excellent location and community atmosphere combined is the perfect choice for your new home.
Verified
4 Units Available
Keeneland Crest Apartments
8401 Boggs Creek Dr
Indianapolis, IN | South Franklin
1 Bedroom
Ask
2 Bedrooms
$954
1040 sqft
3 Bedrooms
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Last updated May 15 at 6:13 AM
Eight minutes from downtown-Indianapolis, the Keeneland Crest Apartments offer high-end amenities in a comfortable community. Enjoy remodeled units with ample storage and outdoor living-space, as well as a pool, sundeck, cyber cafe, parking, and car-wash.
Verified
2 Units Available
Turnverein
902 N Meridian St
Indianapolis, IN | Downtown Indianapolis
Studio
$975
815 sqft
1 Bedroom
$1,170
900 sqft
2 Bedrooms
Ask
Last updated May 15 at 6:12 AM
Located in the heart of downtown Indianapolis, history and elegance come together at The Turnverein Apartments. Originally constructed in 1914 as The Independent Turnverein, this historic building was originally a German Athletic Club. During a 1980 renovation, a center atrium was added and the original ball room, natatorium, and gymnasium were turned into a full sized penthouse and 50 apartments. Many of these apartments still boast original stained glass windows and walnut woodwork. The Turnverein was added to the National Register of Historic places in 1983 and stands out as one of Indianapolis' finest addresses.
Verified
1 Unit Available
Buckingham Balmoral
3103 N Meridian St Suite J
Indianapolis, IN | Near Northwest - Riverside
Studio
$900
600 sqft
1 Bedroom
Ask
2 Bedrooms
Ask
Last updated May 15 at 6:11 AM
Just 3 miles north of downtown Indianapolis and close to the Children's Museum of Indianapolis and the Indian State Fairgrounds. Amenities include outdoor courtyard with dog path, grill and seating, clubhouse, tanning beds and gym.
Verified
7 Units Available
Meridian Lakes Apartments
7344 Meridian Hills Ct
Indianapolis, IN | Meridian Hills
1 Bedroom
$720
600 sqft
2 Bedrooms
$805
825 sqft
3 Bedrooms
Ask
Last updated May 15 at 6:11 AM
Meridian Lakes is nestled in the quiet residential neighborhood of Meridian Hills on the north side of Indianapolis, Indiana. Enjoy the convenience of being located only minutes from Downtown Indy, Broad Ripple, I-465, St. Vincent Hospital and many major employers. Our residents choose Meridian Lakes because of our exceptional location, our wide array of unique floor plans, washer & dryer connections, abundant closet space, built-in-microwaves, private patios or balconies and every apartment home includes a great lake view. Enjoy beautiful landscaped grounds with four stocked lakes and a waterfall. The dedicated staff at Meridian Lakes is friendly, knowledgeable and cares about your needs. Live with us and experience the difference!
Verified
6 Units Available
Creek Bay at Meridian Woods
6650 Creek Bay Dr
Indianapolis, IN | Southdale
1 Bedroom
$840
720 sqft
2 Bedrooms
$940
900 sqft
Last updated May 15 at 6:09 AM
Creek Bay at Meridian Woods is located on the south side of Indianapolis, within minutes to all major interstates, US-31 and Meridian Street. There are numerous dining, shopping and entertainment choices just minutes away, near Greenwood Park Mall. Choose your favorite 1 or 2 bedroom apartment home. Each features a screened-in patio or balcony and free full-size washer and dryer. Take advantage of our fitness center or lounge pool side all summer long. Reserved carport and one-car garage parking is available near each apartment home. Our community is located in the Perry Township School District. University of Indianapolis is just 3 miles away; IUPUI is less than a 15 minute drive. Your small pets are welcome.
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Frequently Asked Questions (FAQs)
Frequently Asked Questions
What is the typical rent for a studio apartment in Indianapolis?
The average rent for a studio apartment in Indianapolis is $1,031.
How expensive are one-bedroom apartments in Indianapolis?
The average rent for a one-bedroom apartment rental in Indianapolis is $1,126.
How much is rent for two-bedroom apartments in Indianapolis?
The average monthly rent for a two-bedroom apartment in Indianapolis is $1,305.
Are there any properties that are currently offering move-in specials in Indianapolis?
Yes, you can filter your apartment search to only include properties in Indianapolis that are offering move-in specials.
City Guide for Indianapolis, IN

Having trouble with Craigslist Indianapolis? Can't find that special apartment for rent on Apartment Finder or Apartment Guide? Apartment List is here to help!

Indianapolis is an enigma. Naptown, Indianoplace, and references by Baltimorians too unsavory for this site are all used as paramount putdowns about a city thought to be blander and more uninspired than powdered water. But Indianapolis is the capital city to movies set in the Hoosier State such as Hoosiers, Breaking Away, and Rudy (if ever you've wanted to see a grown man quiver and cry with joy rent these, you'll see). Plus, at certain times of the year, Indy becomes as frenetic as any city on earth; like its New Years, Mardi Gras, Fourth of July, and Robert Isray Appreciation Day all rolled into one. See more

What to keep in mind when looking for cheap apartments in Indianapolis, IN

Finding cheap apartments in Indianapolis takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Indianapolis by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Indianapolis in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Indianapolis.

The building you choose can also make a difference in finding a cheap apartment in Indianapolis. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Indianapolis.