
Cheap Apartments for Rent in Downtown Indianapolis
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STUDIO$462+1 BED$1,062+
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STUDIO$585+1 BED$740+2 BEDS$900+
The Sheldrake Apartments
2258 N Meridian St, Indianapolis, IN 46208 -
STUDIO$605+1 BED$780+
Indy Flats
1304 N Delaware St, Indianapolis, IN 46202 -
STUDIO$640+1 BED$875+
Dunbar Court
1022 Dr Martin Luther King St, Indianapolis, IN 46202 -
STUDIO, 1 BATH$675
1702W W Michigan St Unit Apt 10
1702W W Michigan St, Indianapolis, IN 46222 -
STUDIO, 1 BATH$675
1702W W Michigan St Unit Apt 7
1702W W Michigan St, Indianapolis, IN 46222 -
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1 BED$687
Canal Gardens
1249 Dr Martin Luther King Jr St, Indianapolis, IN 46202 -
1 BED, 1 BATH$695
4 E Washington St
4 E Washington St, Indianapolis, IN 46204 -
STUDIO, 1 BATH$695
Downtown Studio Apartment! Unit 4
708 E 11th St, Indianapolis, IN 46202 -
Good ValueSTUDIO$1,249+1 BED$1,360+2 BEDS$899+4 BEDS$699+
Vivio on 10th
1717 W 10th St, Indianapolis, IN 46222 -
STUDIO, 1 BATH$700
1413 E Washington St
1413 E Washington St, Indianapolis, IN 46201 -
1 BED, 1 BATH$700
725 Lynn St
725 Lynn St, Indianapolis, IN 46222 -
Exceptional ValueSTUDIO$740+1 BED$750+
St. Agnes Apartments
1350 N Meridian St, Indianapolis, IN 46202 -
Rent Special1 BED$780
1733 N. Meridian
1733 N Meridian St, Indianapolis, IN 46202 -
1 BED, 1 BATH$795
Chatham Arch Neighborhood! Unit 8
708 E 11th St, Indianapolis, IN 46202 -
1 BED, 1 BATH$825
1048 High St
1048 High St, Indianapolis, IN 46225 -
Rent Special1 BED$833
The Seminole
920 N Alabama St, Indianapolis, IN 46202 -
Exceptional Value1 BED$845+2 BEDS$1,035+
The Whitaker
1504 N Pennsylvania St, Indianapolis, IN 46202 -
2 BEDS, 1 BATH$845
1230 N Belmont Ave Unit D
1230 N Belmont Ave, Indianapolis, IN 46222 -
1 BED$850
The Washington
1401 N Pennsylvania St, Indianapolis, IN 46202 -
Good Value1 BED$850
Traymore Apartments
1402 N Alabama St, Indianapolis, IN 46202 -
1 BED$870
Madison Apartments
226 E 12th St, Indianapolis, IN 46202 -
2 BEDS$1,475
Monon Lofts
1122 E 16th St, Indianapolis, IN 46202 -
STUDIO$875
Priscilla on Pennsylvania
1309 N Pennsylvania St, Indianapolis, IN 46202 -
STUDIO, 1 BATH$880
37 West St Clair Street
37 West St Clair Street, Indianapolis, IN 46204 -
1 BED, 1 BATH$880
37 West St Clair Street
37 West St Clair Street, Indianapolis, IN 46204 -
Rent Special1 BED$883+2 BEDS$1,281+
1010 Central
1010 Central Ave, Indianapolis, IN 46202 -
Good Value1 BED$890
Devonshire Apartments in Downtown Indianap...
412 N Alabama St, Indianapolis, IN 46204 -
1 BED, 1 BATH$895
1226 N Belmont Ave Unit A
1226 N Belmont Ave, Indianapolis, IN 46222 -
1 BED, 1 BATH$895
1329 E Market St Unit 1
1329 E Market St, Indianapolis, IN 46202 -
2 BEDS, 1 BATH$899
146 E 19th St Unit Apt 12
146 E 19th St, Indianapolis, IN 46202 -
1 BED$900+2 BEDS$975+
Utomin Apartments
658 E 11th St, Indianapolis, IN 46202 -
1 Month FreeSTUDIO$910+1 BED$1,045+2 BEDS$1,536+
Circle City Apartments
1321 N Meridian St, Indianapolis, IN 46202 -
1 BED, 1 BATH$925
1910 Southeastern Ave
1910 Southeastern Ave, Indianapolis, IN 46201 -
1 BED, 1 BATH$929
2060 N Delaware St Unit 5
2060 N Delaware St, Indianapolis, IN 46202 -
1 BED, 1 BATH$949
125 E 17th St Unit Apt 3
125 E 17th St, Indianapolis, IN 46202 -
1 BED, 1 BATH$949
937-939 Church St Unit 937 ½ Church St
937-939 Church St, Indianapolis, IN 46225 -
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1 BED, 1 BATH$950
Updated Apartments Unit 4
750 S State Ave, Indianapolis, IN 46203 -
1 Month Free1 BED$1,065+2 BEDS$1,660+
Raleigh
108 E 13th St, Indianapolis, IN 46202 -
2 BEDS$962
Line Lofts
1145 E Washington St, Indianapolis, IN 46202
Indianapolis 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 268 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
- Crooked Creek 739 Sq Ft $1,061/mo
- Eagle Creek 687 Sq Ft $1,163/mo
- Near Northside 718 Sq Ft $1,185/mo
- Southeast Indianapolis 700 Sq Ft $1,197/mo
- South Perry 740 Sq Ft $1,226/mo
- Augusta 761 Sq Ft $1,258/mo
- Chapel Hill Ben Davis 676 Sq Ft $1,271/mo
- Castleton 762 Sq Ft $1,334/mo
- Nora Far Northside 702 Sq Ft $1,373/mo
- Keystone 771 Sq Ft $1,373/mo
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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.
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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.