Last updated May 16 at 11:45 PM

400 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 >
Pangea Fields Photo Gallery 1
1 of 16
Verified
26 Units Available
Pangea Fields
3215 N Alton Ave, Indianapolis, IN 46222
Eagledale
1 Bedroom
$753
662 sqft
2 Bedrooms
$919
1064 sqft
3 Bedrooms
$1,196
1278 sqft
Last updated May 16 at 11:45 PM
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 Meadows Photo Gallery 1
1 of 15
Verified
4 Units Available
Pangea Meadows
5505 Scarlet Dr, Indianapolis, IN 46224
North High School
Studio
Ask
1 Bedroom
$872
640 sqft
2 Bedrooms
Ask
Last updated May 16 at 11:45 PM
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 Vistas Photo Gallery 1
1 of 12
Verified
9 Units Available
Pangea Vistas
1366 N Arlington Ave, Indianapolis, IN 46219
Eastside
2 Bedrooms
$879
860 sqft
Last updated May 16 at 11:45 PM
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 Hills Photo Gallery 1
1 of 17
Verified
16 Units Available
Pangea Hills
5500 Pleasant Hill Cir, Indianapolis, IN 46224
Garden City
1 Bedroom
$753
625 sqft
2 Bedrooms
$859
770 sqft
3 Bedrooms
$1,147
1076 sqft
Last updated May 16 at 11:45 PM
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 Riverside Photo Gallery 1
1 of 17
Verified
8 Units Available
Pangea Riverside
2638 Cold Spring Manor Dr, Indianapolis, IN 46222
Marian - Cold Springs
1 Bedroom
Ask
2 Bedrooms
$980
780 sqft
3 Bedrooms
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Last updated May 16 at 11:45 PM
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 Groves Photo Gallery 1
1 of 23
Verified
23 Units Available
Pangea Groves
5018 Lemans Dr, Indianapolis, IN 46205
Fairgrounds
Studio
$695
420 sqft
1 Bedroom
$923
628 sqft
2 Bedrooms
$897
880 sqft
Last updated May 16 at 11:45 PM
Recently renovated units with a patio/balcony, central air conditioning and quality appliances. Enjoy access to an onsite playground, laundry room and clubhouse. Right near Arsenal Park. Easy access to I-465.
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Brookwood Apartments Photo Gallery 1
1 of 32
Verified
12 Units Available
Brookwood Apartments
5301 S Turtle Creek Dr, Indianapolis, IN 46227
Edgewood
1 Bedroom
$815
741 sqft
2 Bedrooms
$870
880 sqft
3 Bedrooms
$1,015
985 sqft
Last updated May 16 at 11:45 PM
If you are looking for apartments in South Indianapolis near the West Edgewood neighborhood look no further! Here at Brookwood Apartments, we believe your apartment is your home and your community should feel like family. Brookwood Apartments offers one, two, and three-bedroom apartment homes in a great location in Indianapolis. We are located on the south side near Greenwood Mall, the University of Indianapolis, IUPUI, the Indianapolis International Airport, and downtown Indianapolis. We want Brookwood Apartments to become your new home! You’ll find both comfort and convenience at Brookwood Apartments. Enjoy all of our community amenities such as the on-site fitness center, playground, business center, swimming pool, laundry center, and more. Visit us today to take a tour of our beautiful community! We work hard to bring function and design to your whole apartment from the kitchens to the bedrooms, developing a range of practical features to make your everyday experience even more d
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Pangea Courts Photo Gallery 1
1 of 13
Verified
12 Units Available
Pangea Courts
4425 Linwood Ct, Indianapolis, IN 46201
Near Eastside
1 Bedroom
$669
550 sqft
2 Bedrooms
$691
780 sqft
Last updated May 16 at 11:44 PM
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 Parkwest Apartments Photo Gallery 1
1 of 19
Verified
8 Units Available
Pangea Parkwest Apartments
5816 W 38th St, Indianapolis, IN 46224
North High School
1 Bedroom
$659
550 sqft
2 Bedrooms
$766
780 sqft
3 Bedrooms
Ask
Last updated May 16 at 11:44 PM
Residents of this community are close to Street Plaza and Meadowood Park. Community amenities include a fully-equipped gym, on-site laundry and a community pool. The recently renovated 2-3 bedroom units feature walk-in closets.
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Pangea Cedars Apartments Photo Gallery 1
1 of 15
Verified
5 Units Available
Pangea Cedars Apartments
3417 N Rybolt Ave, Indianapolis, IN 46222
Eagledale
Studio
$670
417 sqft
1 Bedroom
Ask
2 Bedrooms
$964
816 sqft
Last updated May 16 at 11:44 PM
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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Fountainhead Apartments Photo Gallery 1
1 of 27
Verified
2 Units Available
Fountainhead Apartments
8101 Laguna Dr, Indianapolis, IN 46260
St. Vincent - Greenbriar
Studio
Ask
1 Bedroom
Ask
2 Bedrooms
$965
858 sqft
Last updated May 16 at 11:41 PM
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 29
Verified
6 Units Available
Lawrence Landing Apartments
6875 Faris Ave, Indianapolis, IN 46226
Devington
1 Bedroom
$949
847 sqft
2 Bedrooms
$1,198
1047 sqft
Last updated May 16 at 11:40 PM
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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Chateau in the Woods Photo Gallery 1
1 of 31
Verified
1 Unit Available
Chateau in the Woods
4020 Monaco Dr, Indianapolis, IN 46220
Allisonville
1 Bedroom
$979
712 sqft
2 Bedrooms
Ask
3 Bedrooms
Ask
Last updated May 16 at 8:35 PM
Chateau in the Woods is a charming community comfortably nestled in a peaceful, wooded residential setting in the popular northeast Kessler neighborhood of Indianapolis, Indiana. Our premier location on the outskirts of Broad Ripple is minutes to Downtown, Castleton, Keystone at the Crossing, I-465 and I-69. Make life fun and easy with all the nearby shopping, dining and entertainment. Chateau in the Woods is located in the excellent Washington Township school system. Relax and enjoy all the conveniences and amenities that our community has to offer such as our resident business center, fitness center and swimming pool. If you want ultimate living, our 1, 2 and 3 bedroom apartment homes feature gorgeous contemporary interiors and well designed floor plans. Live the lifestyle you so richly deserve at Chateau in the Woods.
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The George Apartment Homes Photo Gallery 1
1 of 22
Verified
10 Units Available
The George Apartment Homes
5810 Sebring Dr, Indianapolis, IN 46254
Snacks - Guion Creek
1 Bedroom
$845
650 sqft
2 Bedrooms
$915
808 sqft
3 Bedrooms
$1,360
1032 sqft
Last updated May 16 at 8:32 PM
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.
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Frederick Square Photo Gallery 1
1 of 22
Verified
1 Unit Available
Frederick Square
3028 N Webster Ave, Indianapolis, IN 46226
Arlington Woods
1 Bedroom
Ask
2 Bedrooms
$979
885 sqft
Last updated May 16 at 8:31 PM
Martinique Terrace Photo Gallery 1
1 of 10
Verified
1 Unit Available
Martinique Terrace
6789 S East St, Indianapolis, IN 46227
Edgewood
1 Bedroom
$879
850 sqft
2 Bedrooms
Ask
3 Bedrooms
Ask
Last updated May 16 at 8:26 PM
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.
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Strawbridge Green Apartments Photo Gallery 1
1 of 27
Verified
7 Units Available
Strawbridge Green Apartments
4649 Strawbridge St, Indianapolis, IN 46237
I65-South Emerson
2 Bedrooms
$895
3 Bedrooms
Ask
Last updated May 16 at 8:23 PM
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.
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Timber Point Apartments Photo Gallery 1
1 of 13
Verified
40 Units Available
Timber Point Apartments
6201 Newberry Rd, Indianapolis, IN 46256
I69-Fall Creek
1 Bedroom
$890
2 Bedrooms
$1,080
3 Bedrooms
$1,150
Last updated May 16 at 8:23 PM
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.
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The Meridian South Photo Gallery 1
1 of 14
Verified
39 Units Available
The Meridian South
2085 Waterford Pl, Indianapolis, IN 46260
Crooked Creek
Studio
Ask
1 Bedroom
$740
564 sqft
2 Bedrooms
$800
924 sqft
Last updated May 16 at 8:22 PM
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!
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The Jameson Photo Gallery 1
1 of 15
Verified
11 Units Available
The Jameson
1808 Century Way, Indianapolis, IN 46260
Delaware Trail
1 Bedroom
$1,009
611 sqft
2 Bedrooms
$1,309
914 sqft
Last updated May 16 at 8:17 PM
Modern apartments feature a clubhouse, fitness center and a beautiful swimming pool. They also provide a playground and volleyball courts and tennis courts. They offer one and two bedroom apartments. Pet friendly.
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Fallwood Photo Gallery 1
1 of 12
Verified
6 Units Available
Fallwood
5200 E Fall Creek Parkway North Dr, Indianapolis, IN 46226
Devon
1 Bedroom
$950
760 sqft
2 Bedrooms
$1,024
1200 sqft
Last updated May 16 at 8:17 PM
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.
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Woods of Castleton Photo Gallery 1
1 of 28
Verified
3 Units Available
Woods of Castleton
8281 Clearvista Parkway, Indianapolis, IN 46256
I69-Fall Creek
1 Bedroom
$924
700 sqft
2 Bedrooms
Ask
3 Bedrooms
Ask
Last updated May 16 at 8:13 PM
Welcome Home to Woods of Castleton!\nCall today for more information or to schedule your personal tour of Woods of Castleton.
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Blacherne At Vermont Place Photo Gallery 1
1 of 15
Verified
10 Units Available
Blacherne At Vermont Place
402 N Meridian St, Indianapolis, IN 46204
Downtown Indianapolis
1 Bedroom
$1,005
715 sqft
2 Bedrooms
$1,235
855 sqft
Last updated May 16 at 8:10 PM
The Blacherne Apartments at Vermont Place is located on Meridian Street, just a few blocks north of Monument Circle. This historical landmark has been completely renovated with a focus to maintain the historical context of the building, while incorporating modern luxuries.\n\nOriginally constructed by General Lew Wallace, author of Ben Hur, The Blacherne was completed in 1896 as a lavish apartment building on a scale Indianapolis had not yet seen. The Blacherne now houses 68 completely renovated apartments and 3 commerical suites. Elegant foyers, controlled access, wood flooring, and garage parking are just a few of the unique features of The Blacherne.
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Meridian Lakes Apartments Photo Gallery 1
1 of 8
Verified
3 Units Available
Meridian Lakes Apartments
7344 Meridian Hills Ct, Indianapolis, IN 46260
Meridian Hills
1 Bedroom
$800
600 sqft
2 Bedrooms
Ask
3 Bedrooms
Ask
Last updated May 16 at 8:08 PM
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!
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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 $1,219.

How expensive are one-bedroom apartments in Indianapolis?

The average rent for a one-bedroom apartment rental in Indianapolis is $1,246.

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

The average monthly rent for a two-bedroom apartment in Indianapolis is $1,420.
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.