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cheap apartments
Last updated May 30 2020 at 6:23 AM

98 Cheap Apartments for rent in Indianapolis, IN

Verified
Last updated May 30 at 06:34am
Snacks - Guion Creek
22 Units Available
The Woods of Eagle Creek II
4951 Bobwhite Ln, Indianapolis, IN
1 Bedroom
$678
2 Bedrooms
$760
3 Bedrooms
$1,060
Scenic wooded views, wood-burning fireplaces, balconies, garden patios, and washer and dryer connections in every unit. Conveniently located near Eagle Creek Park and I-65. Pets welcomed.
Verified
Last updated May 30 at 03:30am
Eastside
5 Units Available
Indy Town Apartments
6046 E 21st Street, Suite 1B Management Office, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$579
853 sqft
Arlington Green 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
Verified
Last updated May 30 at 03:30am
Devington
13 Units Available
Pangea Prairies
4525 N Arlington Ave, Indianapolis, IN
1 Bedroom
$695
693 sqft
2 Bedrooms
$643
869 sqft
3 Bedrooms
$949
988 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.
Verified
Last updated May 30 at 03:30am
Eastside
2 Units Available
Pangea Vistas
1366 N Arlington Ave, Indianapolis, IN
2 Bedrooms
$669
885 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.
Verified
Last updated May 30 at 03:30am
Edgewood
15 Units Available
Brookwood Apartments
5301 S Turtle Creek Dr, Indianapolis, IN
1 Bedroom
$635
699 sqft
2 Bedrooms
$740
894 sqft
3 Bedrooms
$879
1012 sqft
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.
Verified
Last updated May 30 at 06:18am
St. Vincent - Greenbriar
53 Units Available
Reflections
7999 Silverleaf Dr, Indianapolis, IN
Studio
$619
450 sqft
1 Bedroom
$849
770 sqft
2 Bedrooms
$929
1138 sqft
Cozy homes within a great residential environment. Community amenities include a children's play area, fitness center and sparkling pool. Pet friendly. Easy access to I-465 and I-65.
Verified
Last updated May 30 at 06:18am
2 Units Available
Braeburn Village Apartments
2170 Braeburn East Dr, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$622
880 sqft
3 Bedrooms
$851
1260 sqft
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
Last updated May 30 at 06:45am
I65-South Emerson
4 Units Available
Heathmoore Apartments
5984 Heathmoore Dr, Indianapolis, IN
Studio
$503
288 sqft
1 Bedroom
$619
576 sqft
2 Bedrooms
$787
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 May 30 at 03:30am
Near Eastside
2 Units Available
Pangea Courts
4425 Linwood Ct, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$672
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.
Verified
Last updated May 30 at 03:31am
Aspen Ridge
2 Units Available
Astoria Park
3640 Beluga Ln, Indianapolis, IN
1 Bedroom
$640
691 sqft
2 Bedrooms
$770
917 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.
Verified
Last updated May 30 at 03:30am
Garden City
18 Units Available
Pangea Hills
5500 Pleasant Hill Cir, Indianapolis, IN
1 Bedroom
$641
625 sqft
2 Bedrooms
$730
770 sqft
3 Bedrooms
$771
1076 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.
Verified
Last updated May 30 at 03:30am
St. Vincent - Greenbriar
2 Units Available
Dogwood Glen Apartments
2390 Woodglen Drive, Indianapolis, IN
Studio
$498
288 sqft
1 Bedroom
$612
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 May 30 at 03:30am
Arlington Woods
15 Units Available
Kingston Square Apartments
7171 Twin Oaks Dr, Indianapolis, IN
Studio
$619
578 sqft
1 Bedroom
$679
616 sqft
2 Bedrooms
$699
828 sqft
Close to I-465 and E 34th Street. Spacious homes with hardwood floors, a coffee bar, carpeting and a dishwasher. Community amenities include a pool, a sundeck and a picnic area.
Verified
Last updated May 30 at 03:30am
Eagledale
13 Units Available
Pangea Cedars Apartments
3417 N Rybolt Ave, Indianapolis, IN
Studio
$655
417 sqft
1 Bedroom
$685
640 sqft
2 Bedrooms
$669
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 May 30 at 06:27am
Arlington Woods
1 Unit Available
Frederick Square
3028 N Webster Ave, Indianapolis, IN
1 Bedroom
Ask
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 May 28 at 11:10pm
Delaware Trail
Contact for Availability
Hampton Court
1329 W 75th Ct, Indianapolis, IN
1 Bedroom
$580
453 sqft
2 Bedrooms
$770
810 sqft
Hampton Court is an affordable-housing community located on the Northside of Indianapolis. We are conveniently located near St. Vincent Hospital, I-465, and the 86th Street shopping corridor.
Verified
Last updated May 30 at 06:18am
Key Meadows
12 Units Available
Fisherman's Village Apartments
2975 Coast Dr, Indianapolis, IN
Studio
$665
545 sqft
1 Bedroom
$679
624 sqft
2 Bedrooms
$764
888 sqft
Located close to I-74 and I-465. Downtown Indianapolis, Indianapolis Motor Speedway and Eagle Creek Park are just minutes away. Recently renovated 1-2 bedroom units available. Gym, dog park, pool and tennis courts onsite.
Verified
Last updated May 30 at 03:30am
Eastside
1 Unit Available
Greenway
5350 East 21st Street, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$579
885 sqft
Greenway Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!
Verified
Last updated May 30 at 06:18am
Nora - Far Northside
4 Units Available
Northview Apartments of Indianapolis
8607 Cholla Rd, Indianapolis, IN
Studio
$654
550 sqft
1 Bedroom
$834
640 sqft
2 Bedrooms
$997
1000 sqft
This Northside community is only moments away from the entertainment and dining areas of Keystone at the Crossing. Tenants have access to the clubhouse, community pool and gym exclusively for residents.
Verified
Last updated May 30 at 03:30am
Crooked Creek
17 Units Available
Ashford Meridian Hills
2085 Waterford Pl, Indianapolis, IN
1 Bedroom
$655
584 sqft
2 Bedrooms
$815
1061 sqft
3 Bedrooms
$970
1486 sqft
Create your dream life at Ashford Meridian Hills! Our newly-renovated spacious one, two and three-bedroom apartment homes offer everything you need.
Verified
Last updated May 30 at 03:30am
St. Vincent - Greenbriar
7 Units Available
Fountainhead Apartments
8101 Laguna Dr, Indianapolis, IN
Studio
$600
494 sqft
1 Bedroom
$725
714 sqft
2 Bedrooms
$815
1154 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.
Verified
Last updated May 30 at 06:32am
Snacks - Guion Creek
24 Units Available
Woods of Eagle Creek
4949 Bobwhite Ln, Indianapolis, IN
1 Bedroom
$668
2 Bedrooms
$760
3 Bedrooms
$1,055
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.
Verified
Last updated May 30 at 03:30am
North High School
5 Units Available
Pangea Meadows
5505 Scarlet Dr, Indianapolis, IN
Studio
$648
500 sqft
1 Bedroom
Ask
2 Bedrooms
$685
1030 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.
Verified
Last updated May 30 at 06:18am
15 Units Available
Deercross Apartments
7007 Deer Path Dr, Indianapolis, IN
1 Bedroom
$669
755 sqft
2 Bedrooms
$819
955 sqft
Deercross Apartments has everything you need to define your lifestyle and find your freedom. Located only 15 miles from the heart of Downtown Indianapolis, you can choose from classic restaurants like St.

June 2020 Indianapolis Rent Report

Welcome to the June 2020 Indianapolis Rent Report. Indianapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the metro, state, and nation.

View full Rent Report

June 2020 Indianapolis Rent Report

Welcome to the June 2020 Indianapolis Rent Report. Indianapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the metro, state, and nation.

Indianapolis rent trends were flat over the past month

Indianapolis rents have remained flat over the past month, however, they have increased slightly by 1.4% year-over-year. Currently, median rents in Indianapolis stand at $709 for a one-bedroom apartment and $878 for a two-bedroom. Indianapolis' year-over-year rent growth leads the state average of 1.1%, as well as the national average of 0.8%.

    Rents rising across the Indianapolis Metro

    Throughout the past year, rent increases have been occurring not just in the city of Indianapolis, but across the entire metro. Of the largest 10 cities that we have data for in the Indianapolis metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Beech Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 6.0%. The median two-bedroom there costs $848, while one-bedrooms go for $685.
    • Over the past year, Fishers is the only city in the metro that has seen rents fall, with a decline of 5.4%. Median two-bedrooms there cost $1,143, while one-bedrooms go for $923.
    • Zionsville has the most expensive rents of the largest cities in the Indianapolis metro, with a two-bedroom median of $1,617; rents fell 0.2% over the past month but rose 5.8% over the past year.

    Indianapolis rents more affordable than many similar cities nationwide

    As rents have increased slightly in Indianapolis, other large cities nationwide have seen rents grow more quickly. Indianapolis is still more affordable than most other large cities across the country.

    • Rents increased moderately in other cities across the state, with Indiana as a whole logging rent growth of 1.1% over the past year. For example, rents have grown by 2.0% in Fort Wayne and 1.1% in Evansville.
    • Indianapolis' median two-bedroom rent of $878 is below the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 1.4% increase in Indianapolis.
    • While Indianapolis' rents rose slightly over the past year, many cities nationwide saw decreases, including San Francisco (-1.0%), Atlanta (-0.8%), and Denver (-0.4%).
    • Renters will find more reasonable prices in Indianapolis than most comparable cities. For example, San Francisco has a median 2BR rent of $3,071, which is nearly 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 Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Indianapolis
    $710
    $880
    0
    1.4%
    Carmel
    $990
    $1,230
    -0.2%
    0.6%
    Fishers
    $920
    $1,140
    0.2%
    -5.4%
    Noblesville
    $880
    $1,090
    0.8%
    3.3%
    Greenwood
    $750
    $930
    0
    1.2%
    Plainfield
    $820
    $1,010
    -0.1%
    3.5%
    Brownsburg
    $770
    $960
    0.1%
    0.6%
    Greenfield
    $750
    $930
    0.4%
    2.1%
    Beech Grove
    $690
    $850
    -0.8%
    6%
    Zionsville
    $1,310
    $1,620
    -0.2%
    5.8%
    Avon
    $1,000
    $1,230
    0.5%
    1.4%
    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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