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Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN. 277 Rentals Available
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
    Only 1 unit left
    Studio $100+
    1 bd $545
    2 bd $625+
    Base rent
    Verified Listing

    3101 East 10Th Street, Indianapolis, IN 46201

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Apartments Under $600

  • a new apartment building with a do not enter sign in front of it
    1 bd $515+
    2 bd $795+
    Base rent
    Verified Listing

    19 N. Oxford St., Indianapolis, IN 46201

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  • a living room with a couch and a table and a large window
    1 bd $651
    2 bd $534+
    3 bd $598+
    Base rent
    Verified Listing

    3810 Cooper Square Court, Indianapolis, IN 46205

Apartments Under $700

  • a building with a sign in front of it
    1 bd $681+
    2 bd $626+
    Base rent
    Verified Listing

    315 Koehne Street, Indianapolis, IN 46222

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  • a new apartment building on the corner of a street
    Only 1 unit left
    1 bd $751
    2 bd $640
    Base rent
    Verified Listing

    18 S. Parker Ave., Indianapolis, IN 46201
  • a living room with a couch and a coffee table
    15 units available
    Studio $689+
    1 bd $835+
    2 bd $1,068+
    Base rent
    Verified Listing

    3417 N Rybolt Ave, Indianapolis, IN 46222

Apartments Under $800

  • a kitchen with a stove and a refrigerator
    7 units available
    1 bd $728+
    2 bd $865+
    Base rent
    Verified Listing

    4417 Linwood Ct, Indianapolis, IN 46201

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  • a living room with a couch and a table and a pool table
    Ask for pricing
    Verified Listing

    1430 & 1420 Madison Ave., Indianapolis, IN 46225
  • a large brick building with a flag in front of it
    Only 3 units left
    Studio $771
    1 bd $795
    2 bd $880
    Base rent
    Verified Listing

    23 North Rural Street, Indianapolis, IN 46201
  • a living room with a couch and a coffee table
    95 units available
    Studio $780+
    1 bd $910+
    2 bd $1,140+
    Base rent
    Verified Listing

    6000 Westlake Drive, Indianapolis, IN 46224
  • a kitchen with white appliances and wooden cabinets
    22 units available
    1 bd $781+
    2 bd $1,040+
    3 bd $1,386+
    Base rent
    Verified Listing

    3215 N Alton Ave, Indianapolis, IN 46222

Apartments Under $900

  • a living room with a table and chairs
    1 bd $810
    2 bd $1,025+
    Base rent
    Verified Listing

    4259 Burkhart Drive, Indianapolis, IN 46227

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  • a living room with a couch and a table
    36 units available
    1 bd $810+
    2 bd $921+
    Base rent Income restricted
    Verified Listing

    5018 Lemans Dr, Indianapolis, IN 46205
  • a living room with a couch and a table
    1 bd $817
    Base rent
    Verified Listing

    3714 Bartlett Ave, Indianapolis, IN 46227
  • a living room with a couch and a table
    Studio $824
    1 bd $959+
    Base rent
    Verified Listing

    2760 Cherry Glen Way, Indianapolis, IN 46227
  • a kitchen with wooden floors and a white stove
    8 units available
    1 bd $850+
    2 bd $1,050
    Base rent
    Verified Listing

    1001-1015 North Delaware Street, Indianapolis, IN 46202
  • a living room with couches and chairs and a table
    1 bd $850
    2 bd $1,050
    3 bd $1,200
    Base rent
    Verified Listing

    240 N. Warman Ave., Indianapolis, IN 46222
  • a living room with a couch and a table
    1 bd $850+
    2 bd $1,025+
    3 bd $1,325
    Base rent
    Verified Listing

    3120 Nobscot Drive, Indianapolis, IN 46222
  • a living room with leather furniture and a table
    20 units available
    2 bd $850+
    Base rent
    Verified Listing

    1366 N Arlington Ave, Indianapolis, IN 46219

Apartments Under $1,000

  • a living room with a couch and a table
    1 bd $900
    2 bd $985
    3 bd $1,250
    Base rent
    Verified Listing

    4100 Continental Court, Indianapoils, IN 46227

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  • a kitchen with wood cabinets and white appliances and granite counter tops
    24 units available
    1 bd $945+
    2 bd $944+
    3 bd $1,475+
    Base rent
    Verified Listing

    5500 Pleasant Hill Circle, Indianapolis, IN 46224
  • a kitchen with black appliances and black cabinets
    18 units available
    1 bd $1,002
    2 bd $1,186
    3 bd $1,561
    Base rent
    Verified Listing

    1301 Whitcomb Avenue, Indianapolis, IN 46224

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  • a playground with a slide in a park
    10 units available
    1 bd $1,002
    2 bd $1,186
    3 bd $1,561
    Base rent
    Verified Listing

    1301 Whitcomb Avenue, Indianapolis, IN 46224
  • a living room with couches and chairs and a table
    Ask for pricing
    Income restricted
    Verified Listing

    1015 Vesper Pl, Indianapolis, IN 46203
  • a living room with a couch and a table
    Ask for pricing
    Verified Listing

    3777 N. Meridian St., Indianapolis, IN 46208
1-24-nhood

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 16 Apr 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.