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cheap apartments
Last updated August 19 2019 at 11:13 PM

116 Cheap Apartments for rent in Indianapolis, IN

Verified
Last updated August 19 at 06:13pm
Eagledale
16 Units Available
Pangea Fields
3215 N Alton Ave, Indianapolis, IN
1 Bedroom
$592
662 sqft
2 Bedrooms
$773
1064 sqft
3 Bedrooms
$801
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.
Verified
Last updated August 19 at 06:13pm
Eagledale
9 Units Available
Pangea Cedars Apartments
3417 N Rybolt Ave, Indianapolis, IN
Studio
$622
417 sqft
1 Bedroom
$747
640 sqft
2 Bedrooms
$796
629 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.
Verified
Last updated August 19 at 06:13pm
St. Vincent - Greenbriar
2 Units Available
Dogwood Glen Apartments
2390 Woodglen Drive, Indianapolis, IN
Studio
Ask
1 Bedroom
$595
576 sqft
2 Bedrooms
Ask
Dogwood Glen Apartments invites you to live life on your own terms. Our community has several home, community, and location advantages.
Verified
Last updated August 19 at 07:13pm
Eastside
65 Units Available
Arlington Green
6046 E 21st St, Indianapolis, IN
1 Bedroom
$565
600 sqft
2 Bedrooms
$629
685 sqft
Presenting four downtown Indianapolis apartment communities designed to compliment your active lifestyle. Updated 1 and 2 bedroom residences. Looking for affordable apartments in Indianapolis? Look no further.
Verified
Last updated August 19 at 10:28pm
Glendale
63 Units Available
Summit at Keystone
6630 Glenbrook Dr, Indianapolis, IN
1 Bedroom
$673
700 sqft
2 Bedrooms
$891
881 sqft
3 Bedrooms
$930
1056 sqft
Recently upgraded apartments in Broad Ripple Village, near Indianapolis. Spacious units with premium features such as stainless steel appliances and granite countertops. Pet friendly with bark park, plus swimming pool and cyber cafe.
Verified
Last updated August 19 at 10:29pm
Irvington
6 Units Available
English Village
545 English Village Dr, Indianapolis, IN
1 Bedroom
$659
615 sqft
2 Bedrooms
$785
770 sqft
Located 7 miles east of downtown Indianapolis just off I-465. Close to Washington Square Mall, Indianapolis Sports Park and numerous dining, shopping and entertainment sports. 1-2 bedroom units with balconies and walk-in closets.
Verified
Last updated August 19 at 06:13pm
Garden City
5 Units Available
Carriage House West
1301 N Whitcomb Ave, Indianapolis, IN
1 Bedroom
$635
750 sqft
2 Bedrooms
$765
930 sqft
3 Bedrooms
$940
1200 sqft
While it's only moments from downtown Indianapolis, residents of this community can stay home to enjoy the swimming pool, fully-equipped gym and take the little ones to the playground. Washer and dryer hookups in unit.
Verified
Last updated August 19 at 06:13pm
South Perry
18 Units Available
South and Madison
1834 Madison Village Dr, Indianapolis, IN
Studio
$651
565 sqft
1 Bedroom
$667
733 sqft
2 Bedrooms
$798
838 sqft
Situated in the suburban south side of Indianapolis, South & Madison offers spacious apartments and townhomes in a premier location.
Verified
Last updated August 19 at 06:57pm
Snacks - Guion Creek
7 Units Available
Cambridge Commons
4959 Oakhurst Dr, Indianapolis, IN
Studio
Ask
1 Bedroom
$629
2 Bedrooms
Ask
Come home to Cambridge Commons where comfort and convenience await you! Our Northwest location has easy access to interstates, major mall shopping, fine dining and is just minutes to downtown.
Verified
Last updated August 19 at 06:05pm
South Perry
18 Units Available
Sycamores Apartments
1614 E Stop 11 Rd, Indianapolis, IN
Studio
Ask
1 Bedroom
$669
842 sqft
2 Bedrooms
$759
977 sqft
The Sycamores is located on the south side of Indianapolis, Indiana with Greenwood Park Mall, Downtown Indy, I-465 and I-65, minutes away. These Spacious apartment homes are nestled in a quiet area, surrounded by mature trees and lots of green space.
Verified
Last updated August 19 at 07:19pm
I65-South Emerson
4 Units Available
Heathmoore Apartments
5984 Heathmoore Dr, Indianapolis, IN
Studio
$495
288 sqft
1 Bedroom
Ask
2 Bedrooms
$780
864 sqft
Welcome home to Heathmoore Apartments! We are located on the Southeast side of Indianapolis in the desirable Franklin Township area! We are within a few minutes to Beech Grove, downtown Indianapolis, Southport, and Greenwood! We are near Greenwood
Verified
Last updated August 19 at 06:16pm
Eastside
34 Units Available
Greenway
5350 East 21st Street, Indianapolis, IN
1 Bedroom
$565
665 sqft
2 Bedrooms
$659
885 sqft
Greenway Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!
Verified
Last updated August 19 at 07:31pm
College Park
7 Units Available
Slate Run
9568 International Ln, Indianapolis, IN
Studio
$604
288 sqft
1 Bedroom
$734
576 sqft
2 Bedrooms
Ask
Slate Run offers an exceptional location on 96th Street, between Michigan Road and Township Line Road, on the north side of Indianapolis. Accessibility to I-465, I-65 or downtown is easy. In addition, the St.
Verified
Last updated August 19 at 07:08pm
Arlington Woods
10 Units Available
Frederick Square
3028 N Webster Ave, Indianapolis, IN
1 Bedroom
$589
745 sqft
2 Bedrooms
$669
930 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Frederick Square in Indianapolis. View photos, descriptions and more!
Verified
Last updated August 19 at 06:24pm
Meridian Hills
9 Units Available
Meridian Lakes Apartments
7344 Meridian Hills Ct, Indianapolis, IN
1 Bedroom
$570
559 sqft
2 Bedrooms
$755
985 sqft
3 Bedrooms
Ask
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.
Verified
Last updated August 19 at 07:09pm
Near Eastside
15 Units Available
Emerson Place
2110 Emerson Knoll Pl, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$658
864 sqft
3 Bedrooms
$579
1075 sqft
Welcome to Emerson Place! Enjoy Indianapolis living in the comfort of this community.\n\nOur spacious one, two, and three-bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind.
Verified
Last updated August 19 at 07:15pm
Devington
49 Units Available
Lawrence Landing Apartments
6875 Faris Ave, Indianapolis, IN
1 Bedroom
$679
847 sqft
2 Bedrooms
$779
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.
Verified
Last updated July 17 at 12:56pm
Near Northwest - Riverside
1 Unit Available
Magnolias
3340 N Meridian St, Indianapolis, IN
Studio
Ask
1 Bedroom
Ask
2 Bedrooms
$600
750 sqft
Spacious units in a laid-back community. Amenities include on-site laundry and parking. Pet friendly. Near Indiana State Fairgrounds. Right beside I-65. Just north of Indianapolis.
Verified
Last updated August 19 at 07:29pm
South Perry
32 Units Available
Oak Park
2100 E Stop 12 Rd, Indianapolis, IN
Studio
$598
450 sqft
1 Bedroom
$700
979 sqft
2 Bedrooms
$700
1104 sqft
Located just off Highway 31 and close to numerous shopping, dining and entertainment venues. Recently renovated one- and two-bedroom units include stainless steel appliances, carpeting and computer nook. Clubhouse, gym and pool all on-site.
Verified
Last updated August 19 at 07:17pm
Southdale
28 Units Available
Regency Park South
5524 Rue Royale, Indianapolis, IN
1 Bedroom
$599
698 sqft
2 Bedrooms
$711
926 sqft
3 Bedrooms
$900
1398 sqft
15 minutes south of Indianapolis, via I-465. Numerous parks, schools, retail stores and restaurants just minutes away. Pet-friendly one-, two- and three-bedroom units available. Residents have access to recently renovated clubhouse, pool and gym.
Verified
Last updated April 10 at 11:41pm
34 Units Available
Deercross Apartments
7007 Deer Path Dr, Indianapolis, IN
1 Bedroom
$644
656 sqft
2 Bedrooms
$805
955 sqft
LOCATED ONLY 15 MILES FROM THE HEART OF DOWNTOWN INDIANAPOLIS, YOU CAN CHOOSE FROM CLASSIC RESTAURANTS LIKE ST.
Verified
Last updated August 15 at 08:59pm
St. Vincent - Greenbriar
8 Units Available
Spyglass Apartments
8320 Spyglass Dr, Indianapolis, IN
1 Bedroom
$675
671 sqft
2 Bedrooms
$799
1072 sqft
3 Bedrooms
$1,222
1345 sqft
A mile from I-465, with the IndyGo Bus pickup directly across the street. Residents have access to clubhouse, pool, gym and tennis and basketball courts. Apartment amenities include hardwood floors, fireplace and walk-in closets.
Verified
Last updated September 7 at 08:49pm
7 Units Available
Carriage House East
10174 Tinton Court, Indianapolis, IN
1 Bedroom
$605
800 sqft
2 Bedrooms
$727
967 sqft
3 Bedrooms
$970
1100 sqft
A charming, low-rise community with ample green space. Pet-friendly. Near I-70 and I-465. On-site play area, community center, and emergency maintenance. Spacious interiors with cafe-style balconies.
Verified
Last updated September 7 at 11:45pm
Mars Hill
4 Units Available
Mann Village
4010 Mann Village Rd, Indianapolis, IN
1 Bedroom
$595
609 sqft
2 Bedrooms
$695
774 sqft
Welcome to Mann Village Apartments, an affordable apartment community on the southwest side of Indianapolis, Indiana, offering one and two bedroom apartments.

August 2019 Indianapolis Rent Report

Welcome to the August 2019 Indianapolis Rent Report. Indianapolis rents increased over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

August 2019 Indianapolis Rent Report

Welcome to the August 2019 Indianapolis Rent Report. Indianapolis rents increased over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

Indianapolis rents increased slightly over the past month

Indianapolis rents have increased 0.2% over the past month, and are up slightly by 1.7% in comparison to the same time last year. Currently, median rents in Indianapolis stand at $704 for a one-bedroom apartment and $872 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in February. Indianapolis' year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.6%.

    Rents rising across cities in Indiana

    Throughout the past year, rent increases have been occurring not just in the city of Indianapolis, but across the entire state. Of the largest 10 cities that we have data for in Indiana, all of them have seen prices rise. The state as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,236; of the 10 largest Indiana cities that we have data for, all have seen rents rise year-over-year, with Carmel experiencing the fastest growth (+2.1%).
    • Fishers, Indianapolis, and Muncie have all experienced year-over-year growth above the state average (1.9%, 1.7%, and 1.4%, respectively).

    Indianapolis rents more affordable than many other large cities nationwide

    As rents have increased slightly in Indianapolis, a few similar cities nationwide have also seen rents grow modestly. Indianapolis is still more affordable than most comparable cities across the country.

    • Indianapolis' median two-bedroom rent of $872 is below the national average of $1,191. Nationwide, rents have grown by 1.6% over the past year compared to the 1.7% rise in Indianapolis.
    • While Indianapolis' rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.1%), and New York (+1.8%).
    • Renters will find more reasonable prices in Indianapolis than most similar cities. For example, San Francisco has a median 2BR rent of $3,126, which is more than three-and-a-half times the price in Indianapolis.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    City
    Median 1BR price
    Median 2BR price
    M/M price change
    Y/Y price change
    Indianapolis
    $700
    $870
    0.2%
    1.7%
    Carmel
    $1,000
    $1,240
    1.5%
    2.1%
    Fishers
    $980
    $1,220
    0
    1.9%
    Noblesville
    $860
    $1,070
    0.2%
    4.9%
    Greenwood
    $750
    $930
    0.9%
    3.7%
    Plainfield
    $810
    $1,000
    1.6%
    4%
    Brownsburg
    $770
    $950
    -0.4%
    0.3%
    Zionsville
    $1,290
    $1,600
    0.8%
    1.7%
    See More

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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