All Filters
Applied Filters
Our AI is always learning and some details weren’t matched. You can still try them as keyword searches:
Price
Beds

Select two tiles for min/max range

Baths
Transit Lines
Home Type
Home Styles
Specialty Housing

Housing Type

Additional Specialties

Pet Policy
Move-In Date
Popular Amenities
Rating
Show Only
Keyword
Searching for student living options?

Select your school and find the perfect place nearby or on-campus.

All Universities
Pricing Type
Amenities
Clear
Nearby
Nearby

Cheap Apartments for Rent in Indianapolis IN

2,162 Rentals Available

Indianapolis, IN Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments in Indianapolis. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that a smaller apartment of fewer amenities are a fair trade-off. Rent prices in Indianapolis tend to be higher near the city center. For better deals, explore neighborhoods farther out where rents can be lower and apartment sizes may be larger. Look for areas with a higher number of available rental units — landlords with more vacancies are often more willing to offer incentives like lower rent or flexible lease terms. Keep an eye on listings for budget-friendly apartments that meet your core needs while offering a reasonable commute and access to the amenities you want.

Learn more about living in Indianapolis, IN

Indianapolis, IN Rental Insights

The most affordable neighborhoods to rent an apartment in Indianapolis, IN are Arthur Browns Arlington Manor, Park 100, and New Augusta, where rent prices are below the city average of $1,111.

In Indianapolis IN, rent is considered cheap when it's under $900 per month; that's 20% less than the city's median rent of $1,111.

There are 2,162 affordable apartments for rent in Indianapolis, IN, starting from $975/month.

Helpful Rental Guides for Indianapolis, IN

5 Most Affordable Neighborhoods in Indianapolis, IN
5 Most Affordable Neighborhoods in Indianapolis, IN
Explore More on the Renterverse

Search Nearby Rentals

Rentals Near Indianapolis

Neighborhood Apartment Rentals

Nearby Indianapolis House Rentals

New Rental Listings

Map Options
Map View
Default
Satellite
Nearby Point of Interests
Travel Time

Set a destination, transportation method, and your ideal commute time to see results.

Commute Time is calculated at rush hour.