1 BED
$840
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Cheap Apartments for Rent in Downtown Indianapolis
54 Rentals
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1 BED$850Traymore Apartments
1402 N Alabama St, Indianapolis, IN 46202 -
2 BEDS$975Utomin Apartments
658 E 11th St, Indianapolis, IN 46202 -
Exceptional Value1 BED$845
The Whitaker
1504 N Pennsylvania St, Indianapolis, IN 46202 -
Rent Special1 BED$833
The Seminole
920 N Alabama St, Indianapolis, IN 46202 -
Exceptional ValueSTUDIO$765+1 BED$805+
St. Agnes Apartments
1350 N Meridian St, Indianapolis, IN 46202 -
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Rent Special1 BED$780
1733 N. Meridian
1733 N Meridian St, Indianapolis, IN 46202 -
STUDIO$605+1 BED$780+
Indy Flats
1304 N Delaware St, Indianapolis, IN 46202 -
3 BEDS, 1 BATH$1,299125 E 17th St Unit 2
125 E 17th St, Indianapolis, IN 46202 -
3 BEDS, 2 BATHS$1,499159 Harlan St
159 Harlan St, Indianapolis, IN 46201 -
2 BEDS, 1.5 BATHS$975
1839 N Dexter St
1839 N Dexter St, Indianapolis, IN 46202 -
3 BEDS, 2 BATHS$1,095
37 N Randolph St
37 N Randolph St, Indianapolis, IN 46201 -
3 BEDS, 2 BATHS$1,499
2028 Southeastern Ave
2028 Southeastern Ave, Indianapolis, IN 46201 -
3 BEDS, 2 BATHS$1,495
1837 Montcalm St
1837 Montcalm St, Indianapolis, IN 46202 -
3 BEDS, 2 BATHS$1,499
151 Harlan St
151 Harlan St, Indianapolis, IN 46201 -
1 BED, 1 BATH$700725 Lynn St
725 Lynn St, Indianapolis, IN 46222 -
1 BED, 1 BATH$700723 Lynn St
723 Lynn St, Indianapolis, IN 46222 -
3 BEDS, 2 BATHS$1,495
1837 Montcalm St Unit A
1837 Montcalm St, Indianapolis, IN 46202 -
3 BEDS, 2 BATHS$1,495
"Discover Modern Comfort: Spacious 3-Bed, ... Unit B
1837 Montcalm St, Indianapolis, IN 46202 -
3 BEDS, 2 BATHS$1,499
2028 Southeastern Ave Unit B
2028 Southeastern Ave, Indianapolis, IN 46201 -
3 BEDS, 2 BATHS$1,499
151 Harlan St Unit A
151 Harlan St, Indianapolis, IN 46201 -
3 BEDS, 2 BATHS$1,490
"Charming 3-Bed, 2-Bath Duplex with Granit... Unit B
151 Harlan St, Indianapolis, IN 46201 -
3 BEDS, 2 BATHS$1,499
159 Harlan St Unit A
159 Harlan St, Indianapolis, IN 46201
Can't find what you are looking for?
Clear All FiltersIndianapolis at a Glance
Cheap Apartments in Downtown Indianapolis Neighborhood in Indianapolis, IN
When looking for cheap apartments in Downtown Indianapolis, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Indianapolis.
Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.
Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 24 cheap apartments available in Downtown Indianapolis, Apartment Finder is the place to find your next rental.
Top Budget-Friendly Neighborhoods in Indianapolis
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Snacks Guion Creek 674 Sq Ft $962/mo
- Eagle Creek 696 Sq Ft $1,161/mo
- Southeast Indianapolis 666 Sq Ft $1,163/mo
- South Perry 731 Sq Ft $1,194/mo
- Near Northside 721 Sq Ft $1,198/mo
- Chapel Hill Ben Davis 667 Sq Ft $1,245/mo
- Augusta 771 Sq Ft $1,284/mo
- Castleton 760 Sq Ft $1,309/mo
- St Vincent Greenbriar 799 Sq Ft $1,355/mo
- Keystone 782 Sq Ft $1,379/mo
Discover the cheapest neighborhoods in Indianapolis
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About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.