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cheap apartments
Last updated May 31 2023 at 9:37 AM

577 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 >
Meridian Towers Photo Gallery 1
1 of 14
Verified
7 Units Available
Meridian Towers
3710 N Meridian St, Indianapolis, IN 46208
Near Northwest - Riverside
Studio
$649
335 sqft
1 Bedroom
$669
544 sqft
2 Bedrooms
$835
878 sqft
Meridian Towers Apartment is a 195-unit high-rise building located in beautiful Indianapolis, under new management with Lumen Property Management! This cat-friendly community offers spacious studio and one-bedroom apartments (ask about our limited quantity of two-bedroom apartments). Each unit includes fully-equipped kitchens, cable-ready, vinyl flooring, and walk-through closets. Community features laundry facilities, elevator, media center/movie theater and much more. Excellent location on Meridian Street, one of Indy's premier streets, minutes to Downtown Indy and Broad Ripple. Easy access to IndyGo and Red Line Bus Routes and just minutes from Butler, Ivy Tech & IUPUI. You will also find the Children's Museum, the Indianapolis Museum of Art and the Indiana State Fairgrounds nearby. Good Samaritan Discount: Receive $50 off every month's rent if you currently work in the occupations below! Medical: Doctors, Nurses (RN), LPNs, CNAs, Paramedics and EMTs Firefighters Military (inc
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Wellington Village Photo Gallery 1
1 of 10
Verified
12 Units Available
Wellington Village
1714 Wellington Avenue, Indianapolis, IN 46219
2 Bedrooms
$999
1220 sqft
3 Bedrooms
$1,310
1340 sqft
This property is managed by Beztak, 2022 recipient of the US Best Managed Companies for the third year in a row, sponsored by Deloitte Private and The Wall Street Journal. Call and let us tell you why!Enjoy living the good life at Wellington Village! Located in Indianapolis, our two and three bedroom apartments were designed with your unique lifestyle in mind. With spacious floor plans, it’s easy to see why our residents love living here.
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Astoria Park Photo Gallery 1
1 of 27
Verified
20 Units Available
Astoria Park
3640 Beluga Lane, Indianapolis, IN 46214
Aspen Ridge
1 Bedroom
$820
712 sqft
2 Bedrooms
$955
850 sqft
Recently updated. Homes feature new appliances and a patio/balcony. Enjoy a lake view. Have access to a barbecue area and pool on site. Close to I-465. Near Eagle Creek Park.
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Greenway Photo Gallery 1
1 of 21
Verified
5 Units Available
Greenway
5350 East 21st Street, Indianapolis, IN 46218
Eastside
2 Bedrooms
$677
850 sqft
Greenway Apartments offers beautiful, newly renovated rental homes with on-site laundry, stylish plank flooring, and spacious living rooms. We’re located right on the bus line and just a seven-minute drive to Downtown Indianapolis. Looking for an affordable apartment home in Community Heights? Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.
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Woodbridge Apartments in Castleton IN Photo Gallery 1
1 of 24
Verified
21 Units Available
Woodbridge Apartments in Castleton IN
9414 San Miguel Drive, Indianapolis, IN 46250
Castleton
1 Bedroom
$994
702 sqft
2 Bedrooms
$1,130
886 sqft
3 Bedrooms
$1,570
1176 sqft
Conveniently close to Castleton Square Mall, Nickel Plate District, I-69 and I-465. Apartments and townhomes available. Units include fireplace and laundry hookups. On-site amenities include clubhouse, pool, tennis courts and sauna. Large pets allowed.
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Glen Ridge Manor Photo Gallery 1
1 of 19
Verified
12 Units Available
Glen Ridge Manor
4737 E 19th St, Indianapolis, IN 46218
Near Eastside
2 Bedrooms
$769
1160 sqft
Glen Ridge Manor offers beautiful, newly renovated townhomes and apartment homes with in-unit washer/dryer, new cabinets and countertops, stylish plank flooring, and full basements. We’re just south of I-70 and near the bus line, providing easy access to Downtown Indianapolis. We’re also close to several schools, Forest Manor Park, and Brookside Park. Looking for a spacious 2 bedroom townhome home in the Near Eastside neighborhood of Indianapolis? Apartments are available now, and you can move in without a security deposit. Contact us for a tour today.
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Woods of Eagle Creek Photo Gallery 1
1 of 24
Verified
21 Units Available
Woods of Eagle Creek
4949 Bobwhite Lane, Indianapolis, IN 46254
Snacks - Guion Creek
1 Bedroom
$825
700 sqft
2 Bedrooms
$930
930 sqft
Located a short walk from North Westway Park and W 59th St, these modern apartments feature a fireplace, a kitchen with appliances and a patio or balcony. Community offers a tennis court and a pool.
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Arlington Green Photo Gallery 1
1 of 19
Verified
53 Units Available
Arlington Green
6046 E 21st Street, Suite 1B Management Office, Indianapolis, IN 46219
Eastside
1 Bedroom
$799
700 sqft
2 Bedrooms
$677
850 sqft
Indy Town Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!BOOK YOUR VIRTUAL TOUR TODAY with TOUR24 - https://app.tour24now.com/tour/indy-town
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Pangea Prairies Photo Gallery 1
1 of 14
Verified
11 Units Available
Pangea Prairies
4555 North Arlington Avenue, Indianapolis, IN 46226
Devington
1 Bedroom
$865
643 sqft
2 Bedrooms
$837
872 sqft
3 Bedrooms
$1,313
1118 sqft
Located near shopping, I-465, and public transportation. One- and two-bedroom apartments in low-rise buildings with large kitchens, patio/balconies, and dishwashers. Small pets welcome with fee. Pool, sundeck, and 24-hour fitness room.
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Pangea Meadows Photo Gallery 1
1 of 15
Verified
9 Units Available
Pangea Meadows
5505 Scarlet Drive, Indianapolis, IN 46224
North High School
Studio
$725
500 sqft
1 Bedroom
$914
640 sqft
3 Bedrooms
$1,422
1267 sqft
Recently renovated homes with washer and dryer hookup, hardwood floors and a patio/balcony. Pet friendly. Parking available on site. Easy access to I-465 and I-65. Near Eagle Creek Park.
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Pangea Fields Photo Gallery 1
1 of 16
Verified
30 Units Available
Pangea Fields
3215 North Alton Avenue, Indianapolis, IN 46222
Eagledale
1 Bedroom
$794
662 sqft
2 Bedrooms
$970
1064 sqft
3 Bedrooms
$1,300
1278 sqft
Minutes from Moreland Park and Marian University. On-site amenities include pool, dedicated parking and laundry facilities. One- to three-bedroom units available equipped with hardwood flooring, dishwasher and a private balcony or patio.
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Pangea Riverside Photo Gallery 1
1 of 17
Verified
3 Units Available
Pangea Riverside
2638 Cold Spring Manor Drive, Indianapolis, IN 46222
Marian - Cold Springs
1 Bedroom
$937
600 sqft
2 Bedrooms
$990
895 sqft
1-2 bedroom apartments with hardwood floors and open kitchens. Residents get access to the outdoor pool and sundeck. Located minutes away from the White River and Coffin Golf Course for scenic vistas.
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Pangea Hills Photo Gallery 1
1 of 17
Verified
27 Units Available
Pangea Hills
5500 Pleasant Hill Circle, Indianapolis, IN 46224
Garden City
1 Bedroom
$815
625 sqft
2 Bedrooms
$875
770 sqft
Accessible location just minutes from shopping, restaurants and Interstate 465. Two- and three-bedroom pet-friendly units available. Hardwood floors, all major appliances and private patio/balcony. Residents have access to on-site gym, playground and pool.
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Pangea Vistas Photo Gallery 1
1 of 12
Verified
19 Units Available
Pangea Vistas
1366 North Arlington Avenue, Indianapolis, IN 46219
Eastside
2 Bedrooms
$853
860 sqft
Newly renovated apartments with large walk-in closets, private patio/balcony and carpeted floors. Affordable prices and excellent location on Arlington Ave with easy access to downtown Indy.
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Pangea Vineyards Photo Gallery 1
1 of 15
Verified
6 Units Available
Pangea Vineyards
10101 Montery Road, Indianapolis, IN 46235
Studio
$702
414 sqft
1 Bedroom
$794
640 sqft
2 Bedrooms
$1,277
840 sqft
Two-bedroom and studio apartments available. Gas included in rent. Units include walk-in closets and private patio or balcony. On-site amenities include pool, off-street parking and easy online payments. Located close to I-70 and I-465.
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Pangea Courts Photo Gallery 1
1 of 13
Verified
9 Units Available
Pangea Courts
4417 Linwood Court, Indianapolis, IN 46201
Near Eastside
2 Bedrooms
$791
780 sqft
Eat-in kitchens, updated appliances and free heat are the highlights of these apartment homes. Cats and dogs allowed. Near Christian Park. Close to I-70 and I-65.
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Pangea Cedars Apartments Photo Gallery 1
1 of 15
Verified
10 Units Available
Pangea Cedars Apartments
3417 North Rybolt Avenue, Indianapolis, IN 46222
Eagledale
Studio
$703
417 sqft
1 Bedroom
$913
640 sqft
2 Bedrooms
$941
816 sqft
Modern apartments just 15 minutes from downtown Indy. Dogs and cats allowed. Parking and laundry available on site. Near the Indiana Discount Mall and Saraga International Grocery for shopping convenience.
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Teal Run Photo Gallery 1
1 of 19
Verified
7 Units Available
Teal Run
2302 Windsong Drive, Indianapolis, IN 46229
1 Bedroom
$999
695 sqft
2 Bedrooms
$1,249
856 sqft
Newly renovated apartments near I-70. Air conditioning, breakfast bar, wood-burning fireplace and large closets. Community has swimming pool and picnic area. Just 15 minutes from downtown Indianapolis.
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Ashton Pointe Apartments of Indianapolis Photo Gallery 1
1 of 13
Verified
20 Units Available
Ashton Pointe Apartments of Indianapolis
42 North Lawndale Avenue, Indianapolis, IN 46224
Garden City
1 Bedroom
$940
700 sqft
2 Bedrooms
$1,325
1000 sqft
3 Bedrooms
$1,625
1112 sqft
Enjoys good connectivity, thanks to its proximity to I-465 as well as the international airport. 1-3 bedroom sets come with garden patios, walk-in closets and generous floor plans.
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Lakeshore Reserve Off 86th Photo Gallery 1
1 of 18
Verified
9 Units Available
Lakeshore Reserve Off 86th
8320 Spyglass Drive, Indianapolis, IN 46260
St. Vincent - Greenbriar
1 Bedroom
$955
671 sqft
2 Bedrooms
$1,405
974 sqft
Welcome to you new home at the Lakeshore Reserve Off 86th. You can find one, two, and three bedroom floor plans that feature private entrances, wood-inspired plank flooring, private washers and dryers or washer and dryer connections, and balconies or patios with views of our landscaped grounds. Our spacious apartment homes are bright and airy with neutral colors and plenty of space for you to unwind. Relax on our sundeck by our shimmering swimming pool or enjoy the day at the children's play area. We also offer a bark park for your pampered pets. Call today to schedule a tour of our beautiful community, and find the lifestyle you're looking for at Lakeshore Reserve Off 86th.
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Fountainhead Apartments Photo Gallery 1
1 of 27
Verified
4 Units Available
Fountainhead Apartments
8101 Laguna Drive, Indianapolis, IN 46260
St. Vincent - Greenbriar
Studio
$740
494 sqft
1 Bedroom
$870
663 sqft
2 Bedrooms
$1,010
858 sqft
Only blocks from I-465 and close to Eagle Creek Park, St. Vincent Hospital and downtown Indianapolis. Pet-friendly units include private balcony or patio and walk-in closets. Great amenities like clubhouse, pool and lighted dog park.
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Lawrence Landing Apartments Photo Gallery 1
1 of 31
Verified
6 Units Available
Lawrence Landing Apartments
6875 Faris Avenue, Indianapolis, IN 46226
Devington
1 Bedroom
$949
847 sqft
2 Bedrooms
$1,199
1047 sqft
One- and two-bedroom apartments with large closets, modern kitchens and private patio or balcony. This recently renovated complex offers a pool, dog park, stocked lake and fitness center. Close to I-465, I-70 and Indiana State Fairgrounds.
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The George Apartment Homes Photo Gallery 1
1 of 42
Verified
15 Units Available
The George Apartment Homes
5810 Sebring Drive, Indianapolis, IN 46254
Snacks - Guion Creek
1 Bedroom
$730
650 sqft
2 Bedrooms
$1,060
928 sqft
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. All Offices are open for In-Person and Virtual Tours. Attend our Virtual Open House on Tuesdays at 1:00 PM and 4:00 PM. Call or email to get your open house link.
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Frederick Square Photo Gallery 1
1 of 22
Verified
24 Units Available
Frederick Square
3028 N Webster Ave, Indianapolis, IN 46226
Arlington Woods
1 Bedroom
$799
700 sqft
2 Bedrooms
$823
885 sqft
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Frequently Asked Questions

Frequently Asked Questions (FAQs)

What is the typical rent for a studio apartment in Indianapolis?

The average rent for a studio apartment in Indianapolis is $1,329.

How expensive are one-bedroom apartments in Indianapolis?

The average rent for a one-bedroom apartment rental in Indianapolis is $1,416.

How much is rent for two-bedroom apartments in Indianapolis?

The average monthly rent for a two-bedroom apartment in Indianapolis is $1,616.

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.