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Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

277 Rentals Available
Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN. 277 Rentals Available
Apartments Under $200 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000

Apartments Under $200

  • a large brick building with a sidewalk in front of it
    Today

    3101 East 10Th Street, Indianapolis, IN 46201
    STUDIO $100+
    1 BED $545
    2 BEDS $625+

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Apartments Under $600

  • a new apartment building with a do not enter sign in front of it
    Today

    19 N. Oxford St., Indianapolis, IN 46201
    1 BED $515+
    2 BEDS $795+

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  • a living room with a couch and a table and a large window
    Today

    3810 Cooper Square Court, Indianapolis, IN 46205
    1 BED $651
    2 BEDS $534+
    3 BEDS $598+

Apartments Under $700

  • a building with a sign in front of it
    Today

    315 Koehne Street, Indianapolis, IN 46222
    1 BED $681+
    2 BEDS $626+

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  • a new apartment building on the corner of a street
    Today

    18 S. Parker Ave., Indianapolis, IN 46201
    1 BED $751
    2 BEDS $640
  • a living room with a couch and a coffee table
    Today

    3417 N Rybolt Ave, Indianapolis, IN 46222
    STUDIO $689+
    1 BED $835+
    2 BEDS $1,068+

Apartments Under $800

  • a kitchen with a stove and a refrigerator
    Today

    4417 Linwood Ct, Indianapolis, IN 46201
    1 BED $728+
    2 BEDS $865+

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  • a living room with a couch and a table and a pool table
    Today

    1430 & 1420 Madison Ave., Indianapolis, IN 46225
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a large brick building with a flag in front of it
    Today

    23 North Rural Street, Indianapolis, IN 46201
    STUDIO $771
    1 BED $795
    2 BEDS $880
  • a living room with a couch and a coffee table
    Today

    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $780+
    1 BED $910+
    2 BEDS $1,140+
  • a kitchen with white appliances and wooden cabinets
    Today

    3215 N Alton Ave, Indianapolis, IN 46222
    1 BED $781+
    2 BEDS $1,040+
    3 BEDS $1,386+
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Apartments Under $900

  • a living room with a table and chairs
    Today

    4259 Burkhart Drive, Indianapolis, IN 46227
    1 BED $810
    2 BEDS $1,025+
    3 BEDS Ask for Pricing

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  • a living room with a couch and a table
    Today

    5018 Lemans Dr, Indianapolis, IN 46205
    Income Restricted
    STUDIO Ask for Pricing
    1 BED $810+
    2 BEDS $921+
  • a living room with a couch and a table
    Today

    3714 Bartlett Ave, Indianapolis, IN 46227
    STUDIO Ask for Pricing
    1 BED $817
    2 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    2760 Cherry Glen Way, Indianapolis, IN 46227
    STUDIO $824
    1 BED $959+
    2 BEDS Ask for Pricing
  • a kitchen with wooden floors and a white stove
    Today

    1001-1015 North Delaware Street, Indianapolis, IN 46202
    1 BED $850+
    2 BEDS $1,050
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  • a living room with couches and chairs and a table
    Today

    240 N. Warman Ave., Indianapolis, IN 46222
    1 BED $850
    2 BEDS $1,050
    3 BEDS $1,200
  • a living room with a couch and a table
    Today

    3120 Nobscot Drive, Indianapolis, IN 46222
    1 BED $850+
    2 BEDS $1,025+
    3 BEDS $1,325
  • a living room with leather furniture and a table
    Today

    1366 N Arlington Ave, Indianapolis, IN 46219
    2 BEDS $850+

Apartments Under $1,000

  • a living room with a couch and a table
    Today

    4100 Continental Court, Indianapoils, IN 46227
    1 BED $900
    2 BEDS $985
    3 BEDS $1,250

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  • a kitchen with wood cabinets and white appliances and granite counter tops
    Today

    5500 Pleasant Hill Circle, Indianapolis, IN 46224
    1 BED $945+
    2 BEDS $944+
    3 BEDS $1,475+
  • a kitchen with black appliances and black cabinets
    Today

    1301 Whitcomb Avenue, Indianapolis, IN 46224
    1 BED $1,002
    2 BEDS $1,186
    3 BEDS $1,561

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  • a playground with a slide in a park
    Today

    1301 Whitcomb Avenue, Indianapolis, IN 46224
    1 BED $1,002
    2 BEDS $1,186
    3 BEDS $1,561
  • a living room with couches and chairs and a table
    Today

    1015 Vesper Pl, Indianapolis, IN 46203
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    3777 N. Meridian St., Indianapolis, IN 46208
    1 BED Ask for Pricing
1-24-nhood
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Getting around in Downtown Indianapolis, IN

83 /100
Very Walkable
67 /100
Good Transit
99 /100
Biker's Paradise
Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

Frequently asked questions

What is the price of a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

The price range of a cheap apartment is between $850 and $1,050.

How many cheap rentals are available in Downtown Indianapolis, Indianapolis, IN on RentCafe?

There are 8 cheap rentals available on RentCafe. Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 26 Feb 2026.

What is the average size of a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

The average Downtown Indianapolis, Indianapolis, IN cheap apartment size is 540 sq. ft.

What are the advantages of renting a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

Cheap apartments in Downtown Indianapolis, Indianapolis, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Downtown Indianapolis, Indianapolis, IN?

A cheap apartment in Downtown Indianapolis, Indianapolis, IN offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Downtown Indianapolis, Indianapolis, IN? With RentCafe, finding an affordable apartment in Downtown Indianapolis has never been easier. We feature 277 low-priced rentals directly from property managers, with rents lower than the Downtown Indianapolis, Indianapolis, IN average, which is currently $1,603. On RentCafe, Downtown Indianapolis rents go as low as $515/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!