Affordable Apartments for Rent in Indianapolis, IN from $495

S Audubon Rd, Indianapolis, IN 46219
$495
Studio · 1 bath · 173 sq ft
S Audubon RdIndianapolis, IN 46219
Central State Mansion, Indianapolis, IN 46222
$495 - $650
Studio · 6 units available
Central State MansionIndianapolis, IN 46222
New Today
Call(317) 659-7229
1131 N Rural St #E, Indianapolis, IN 46201
$500
Studio · 1 bath · 324 sq ft
1131 N Rural St #EIndianapolis, IN 46201
Featured
Call(463) 307-0140
320 N Sherman Dr #A, Indianapolis, IN 46201
$525
Studio · 1 bath · 450 sq ft
320 N Sherman Dr #AIndianapolis, IN 46201
Featured
Call(463) 363-1332
318 N Sherman Dr #A, Indianapolis, IN 46201
$525
Studio · 1 bath · 450 sq ft
318 N Sherman Dr #AIndianapolis, IN 46201
Featured
D&T Nest, Indianapolis, IN 46219
$570 - $595
Studio · 8 units available
D&T NestIndianapolis, IN 46219
Price Drop
2930 N Dearborn St #A, Indianapolis, IN 46218
$599
1 bed · 1 bath · 300 sq ft
2930 N Dearborn St #AIndianapolis, IN 46218View units
1527 S State Ave, Indianapolis, IN 46203
$625
2 beds · 1 bath
1527 S State AveIndianapolis, IN 46203
Ewing 910-12, Indianapolis, IN 46201
$625
1 bed · 1 units available
Ewing 910-12Indianapolis, IN 46201
Featured
634 E 37th St #4, Indianapolis, IN 46205
$625
2 beds · 1 bath · 775 sq ft
634 E 37th St #4Indianapolis, IN 46205
Featured
Meridian Towers, Indianapolis, IN 46208
$629 - $1,015
Studio - 2 beds · 17 units available
Meridian TowersIndianapolis, IN 46208
New Today
Balsam Avenue Apartments: The Courts, Indianapolis, IN 46205
$631 - $765
Studio - 1 bed · 7 units available
Balsam Avenue Apartments: The CourtsIndianapolis, IN 46205
Special Offer
Autumn Trails, Indianapolis, IN 46226
$639 - $975
Studio - 2 beds · 3 units available
Autumn TrailsIndianapolis, IN 46226
Featured
3763 Broadway St #3, Indianapolis, IN 46205
$645
1 bed · 1 bath · 800 sq ft
3763 Broadway St #3Indianapolis, IN 46205
Featured
15 N Riley Ave #4, Indianapolis, IN 46201
$645
2 beds · 1 bath · 550 sq ft
15 N Riley Ave #4Indianapolis, IN 46201
Featured
1538 N Grant Ave #A, Indianapolis, IN 46201
$650
1 bed · 1 bath · 375 sq ft
1538 N Grant Ave #AIndianapolis, IN 46201View units
Featured
31 S Lasalle St #1, Indianapolis, IN 46201
$650
1 bed · 1 units available
31 S Lasalle St #1Indianapolis, IN 46201
Serenity Manor Indianapolis, Indianapolis, IN 46219
$659 - $865
Studio - 1 bed · 12 units available
Serenity Manor IndianapolisIndianapolis, IN 46219
Special Offer
Glenstone Apartments, Indianapolis, IN 46220
$665
Studio · 2 units available
Glenstone ApartmentsIndianapolis, IN 46220
Featured
4001 E Washington St, Indianapolis, IN 46201
$665
1 bed · 1 bath · 490 sq ft
4001 E Washington StIndianapolis, IN 46201
4 N Butler Ave #8, Indianapolis, IN 46219
$800
2 beds · 1 bath · 850 sq ft
4 N Butler Ave #8Indianapolis, IN 46219View units
Featured
The Meridian North and South, Indianapolis, IN 46260
$679 - $1,359
Studio - 3 beds · 146 units available
The Meridian North and SouthIndianapolis, IN 46260
New Today
Balsam Avenue Apartments: The Villages, Indianapolis, IN 46205
$685 - $775
Studio - 1 bed · 3 units available
Balsam Avenue Apartments: The VillagesIndianapolis, IN 46205
Featured
621 N Parker Ave #BASEMENT STUDIO APAR, Indianapolis, IN 46201
$690
1 bed · 1 bath
621 N Parker Ave #BASEMENT STUDIO APARIndianapolis, IN 46201
3019 Boulevard Pl, Indianapolis, IN 46208
$695
3 beds · 1 bath
3019 Boulevard PlIndianapolis, IN 46208
34 North Apartments, Indianapolis, IN 46208
$695 - $1,125
Studio - 3 beds · 8 units available
34 North ApartmentsIndianapolis, IN 46208
623 N Tibbs Ave, Indianapolis, IN 46222
$695
1 bed · 1 bath · 500 sq ft
623 N Tibbs AveIndianapolis, IN 46222
Featured
3165 Station St #B, Indianapolis, IN 46218
$699
Studio · 1 bath · 768 sq ft
3165 Station St #BIndianapolis, IN 46218
1354 N Olney St, Indianapolis, IN 46201
$699
1 bed · 1 units available
1354 N Olney StIndianapolis, IN 46201
Price Drop
3640 N Meridian St, Indianapolis, IN 46208
$699
1 bed · 1 units available
3640 N Meridian StIndianapolis, IN 46208
5260-5262 Fletcher Ave, Indianapolis, IN 46219
$700
1 bed · 1 units available
5260-5262 Fletcher AveIndianapolis, IN 46219
39 N Belmont Ave #C, Indianapolis, IN 46222
$700
1 bed · 1 bath · 685 sq ft
39 N Belmont Ave #CIndianapolis, IN 46222
Maple Creek Village, Indianapolis, IN 46222
$700 - $1,800
Studio - 4 beds · 19 units available
Maple Creek VillageIndianapolis, IN 46222
New Today
Stone Lake, Indianapolis, IN 46227
$700 - $1,200
1 - 2 beds · 12 units available
Stone LakeIndianapolis, IN 46227
Special Offer
Aspire@Meridian, Indianapolis, IN 46225
$700 - $850
1 - 2 beds · 5 units available
Aspire@MeridianIndianapolis, IN 46225
Special Offer
1023 S State Ave #3, Indianapolis, IN 46203
$849
2 beds · 1 bath · 825 sq ft
1023 S State Ave #3Indianapolis, IN 46203View units
Special Offer
Dogwood Glen, Indianapolis, IN 46260
$700 - $1,840
Studio - 1 bed · 16 units available
Dogwood GlenIndianapolis, IN 46260
Price Drop
1413 East Washington Street, Indianapolis, IN 46201
$700 - $800
Studio · 2 units available
1413 East Washington StreetIndianapolis, IN 46201
6124 Hillside Ave #10, Indianapolis, IN 46220
$700
Studio · 1 bath · 500 sq ft
6124 Hillside Ave #10Indianapolis, IN 46220
4724 & 4726 E 34th St, Indianapolis, IN 46218
$700
1 bed · 1 bath · 643 sq ft
4724 & 4726 E 34th StIndianapolis, IN 46218
Featured

Indianapolis Snapshot

Frequently asked questions

How many cheaper, more affordable apartments are available in Indianapolis, IN?

There are 9,263 cheaper apartment units available for rent.

What does "Cheap" mean for Apartment rentals in Indianapolis, IN?

Cheap is a relative term to communicate more "affordable" rental and living expenses. Although a property might be found within the "Cheap Apartments" search, does not mean it is a low-quality rental. These more affordable apartments are also relative to the other apartment inventory within Indianapolis. Some areas will be cheaper than others and based on demand, rent will fluctuate.

How to search for Cheap Apartments in Indianapolis, IN?

When searching on HotPads for more affordable apartments, use the "Sort:" feature to sort apartments by Lowest Price for Indianapolis. Additionally, set a max price for your search and select "Alert me" to be notified in real-time when "cheaper" apartments come on the market.

What are some additional tips for securing a "cheaper" apartment?

Although a larger multi-tenant building is less likely to negotiate rental terms there are a few things that don't hurt to try, including:

Offer to sign a longer lease for lowered monthly rent
Negotiate landscaping or property maintenance for lowered monthly rent
Ask about becoming an onsite property manager
Educate yourself regarding the apartment rental market and market rates in Indianapolis. Knowing this will help you accurately negotiate fair rent.

About Indianapolis

Thinking of moving to Indianapolis? Here's what you need to know.

Indianapolis is a world-class city on the rise. Once seen as a convergence of highways, the "Crossroads of America" is now drawing more visitors that choose to stick around. Residents enjoy a robust job market, a rebounding housing market, and arts and culture that stack up against any major city in the Midwest. Downtown and the surrounding metro areas are home to nearly 2 million residents.

Who's There?

The economy of Indianapolis (also known as Indy) is diverse and growing, with the large contributions coming from healthcare and transportation companies. The state's largest employers are in the health and pharmaceutical industry. The central location of Indy among many railroads and highways makes it a hub for transport, and provides easy logistics for travelers headed in any direction. Indianapolis is home to some of the most passionate sports fans in the country. The city also welcomes the largest single-day sporting event in the world, the Indianapolis 500. While locals seem to love all things auto, the beloved Indianapolis Colts (NFL) and the Indiana Pacers (NBA) take top billing in Indy.

What's Around Indianapolis?

A compact downtown, made up of five neighborhoods, makes Indy a great walking city. Indianapolis has become a top destination for conventions and big-draw sporting events that take advantage of well-organized public transportation and plentiful hotel options. A prominent canal runs through downtown, giving the city a uniquely European feel. Along the canal loop, residents and visitors enjoy a wide array of public art installations, and several of Indy's large collection of war memorial monuments.

What Do You Do In Indianapolis?

The Indianapolis Cultural Trail links several community greenbelts and all five downtown neighborhoods. Join the throngs of joggers on the trail, many of whom are no doubt training for the city's half marathon. Check out the local art scene with a tour through the Indianapolis Museum of Art. The permanent collections and the rotating exhibits offer residents and visitors a chance to gaze upon priceless works from around the world. The museum also offers screenings of movies running from June through August, which are shown in their spectacularly groomed outdoor amphitheater.