How much is the average rent in Indianapolis, IN for 1-bedroom and 2-bedroom apartments?

Indianapolis rental prices in 2025 show one-bedroom apartments averaging around $1,100 per month, while two-bedroom units rent for around $1,300 monthly. These figures reflect the current market across Indiana's capital city, where two-bedroom apartments represent 29% of available inventory compared to 25% for one-bedroom units.

Are rents going up or down in Indianapolis, IN?

Rents in Indianapolis have experienced a slight decline in 2024, with a 2% decrease in average monthly rents. However, 2-bedroom apartments have seen a 4.5% increase.

When is the best time to look for an apartment in Indianapolis, IN?

January offers the lowest rental prices in Indianapolis, while July sees the highest rent with approximately 3.3% difference between peak and off-season pricing. November and December are the least competitive months with reduced demand, making winter moves potentially more budget-friendly than summer apartment hunting.

What are the best neighborhoods to rent an apartment in Indianapolis, IN?

College Park, Castleton, Keystone at The Crossing, and Downtown Indianapolis offer vibrant social scenes with strong walkability and frequent transit connections. These neighborhoods feature abundant restaurants, well-developed street infrastructure, and shared community spaces that foster neighborhood interaction and social opportunities throughout Indiana's capital.

What areas of Indianapolis, IN are best for budget-conscious renters?

Eastside leads affordable options at around $870 per month, followed by Irvington and West Indianapolis both at around $970 monthly. Eastside generates 18% more consumer interest than the market average, while other budget-friendly areas include Devington and Meadows, offering rents 15-20% below the city median.

Are there pet-friendly apartments in Indianapolis, IN?

Indianapolis welcomes pets with 59% of rental listings offering pet-friendly policies across the city. Bayswater, Southdale, and South Perry neighborhoods excel for pet owners, featuring pet-safe windows, dedicated pet spaces, outdoor areas, and convenient access to dog parks and pet waste stations.

Are utilities usually included in rent in Indianapolis, IN?

Utilities are rarely included in Indianapolis rental prices, appearing in less than 1% of available listings across all apartment types. One-bedroom apartments show the highest rate of utility inclusion at 0.04% of listings, while larger units like two-bedroom and three-bedroom apartments include utilities in only 0.01% of available properties.

Are most apartments in Indianapolis, IN largely older buildings or new developments?

Indianapolis rental properties are dominated by older architectural styles, with ranch-style homes from the post-World War II era comprising 39.5% of the market and bungalows from the early 1900s accounting for 31.7%. Contemporary architecture represents only 10.8% of available rentals, indicating the market favors established properties over new developments.

Cheap Apartments for Rent in Indianapolis, IN

714 rentals

1748 North Bancroft Street - Photo 1 of 1

2d ago

7.3

Very good

1748 North Bancroft Street

1748 N Bancroft St, Indianapolis, IN 46218

Affordable

1 bed

1 bath

$332–$379

Apartment for rent

2d ago

7.3

Very good

5218 Staughton Drive

5218 Staughton Dr, Indianapolis, IN 46226

Affordable

1 bed

1 bath

$398–$419

Apartment for rent

Pickwick Farms Apartments - Photo 1 of 1

Rent special

13h ago

9.4

Excellent

Pickwick Farms Apartments

1540 Handball Ln, Indianapolis, IN 46260

Affordable | On-site laundry | Dishwasher

Studio–3 beds

1–2 baths

$580–$1,975

Price drop

Apartment for rent

Top amenities

Air Conditioning

Fitness Center

Hardwood Floor

On-Site Laundry

On-Site Management

Swimming Pool

5d+ ago

Cheap Mapleton - Fall Creek condo for rent in Indianapolis

Condominium, Traditional - Indianapolis, IN

636 E 37th St #5, Indianapolis, IN 46205

Affordable | Hardwood floor | Fireplace

2 beds

1 bath

$695

Condo for rent

Top amenities

Package Service

1d ago

8.2

Very good

Oxmoor Indy

3640 N Meridian St, Indianapolis, IN 46208

Affordable

1–3 beds

1 bath

$699–$999

Apartment for rent

15h ago

8.8

Very good

Maple Court Apartments

3524 N Pennsylvania St, Indianapolis, IN 46205

Affordable | On-site laundry | Assigned parking

Studio–2 beds

1 bath

$725–$885

Apartment for rent

Top amenities

On-Site Laundry

Nearby rental good for eco-living

$699–$999

3640 N Meridian St

Nearby rental good for pet owners

$580–$1,975

1540 Handball Ln

5d+ ago

Cheap Devington apartment for rent in Indianapolis

Affordable | In-unit laundry | Air conditioning

2 beds

1 bath

$725

Apartment for rent

Available Mar 27

Top amenities

In-Unit Laundry

5d+ ago

Cheap Near Westside apartment for rent in Indianapolis

Affordable | In-unit laundry | On-site management

2 beds

1 bath

$749

Apartment for rent

Available Oct 8

Top amenities

Controlled Access

In-Unit Laundry

On-Site Management

Package Service

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5d+ ago

Cheap Eastside apartment for rent in Indianapolis

6120 Nimitz – Move-In Ready 2 Bed / 1 Bath Duplex

6120 Nimitz Dr, Indianapolis, IN 46219

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$750

Apartment for rent

Available Apr 6

Top amenities

Air Conditioning

Assigned Parking

In-Unit Laundry

On-Site Laundry

5d+ ago

Cheap Near Northwest - Riverside house for rent in Indianapolis

3019 Boulevard Pl, Indianapolis, IN 46208

Affordable | On-site management

3 beds

1 bath

$750

House for rent

Top amenities

On-Site Management

Find sweet deals in Indianapolis

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$750

6120 Nimitz Dr

$775–$825

2302 N Ritter Ave

$794–$804

3671 N Pennsylvania St

3d ago

7.7

Very good

Lee 1241-43

1241 Lee St, Indianapolis, IN 46221

Affordable

2 beds

1 bath

$775

Apartment for rent

5d+ ago

Cheap Martindale - Brightwood apartment for rent in Indianapolis

2010 E 25th St, Indianapolis, IN 46218

Affordable

2 beds

1 bath

$775

Apartment for rent

5d+ ago

Cheap Martindale - Brightwood apartment for rent in Indianapolis

2519 Baltimore Ave #B, Indianapolis, IN 46218

Affordable

2 beds

1 bath

$775

Apartment for rent

5d+ ago

Cheap Martindale - Brightwood house for rent in Indianapolis

Single Family Residence, Bungalow - Indianapolis, IN

2722 N Olney St, Indianapolis, IN 46218

Affordable | Concierge service | Package service

2 beds

1 bath

$775

House for rent

13h ago

8.8

Very good

Penn Plaza

3671 N Pennsylvania St, Indianapolis, IN 46205

Affordable | On-site laundry | Dishwasher

2 beds

1 bath

$794–$804

Apartment for rent

Top amenities

Dishwasher

On-Site Laundry

5d+ ago

Cheap Martindale - Brightwood house for rent in Indianapolis

3011 N Tacoma Ave, Indianapolis, IN 46218

Affordable | On-site management

2 beds

1 bath

$795

House for rent

Top amenities

On-Site Management

17h ago

9.4

Excellent

29 S AUDUBON ROAD

29 S Audubon Rd, Indianapolis, IN 46219

Affordable | On-site laundry | Assigned parking

1–2 beds

1 bath

$799–$989

Apartment for rent

Top amenities

On-Site Laundry

3d ago

Cheap Eastside apartment for rent in Indianapolis

6136 Nimitz -2 Bed/1 Bath Duplex

6136 Nimitz Dr, Indianapolis, IN 46219

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$799

Apartment for rent

Available May 29

Top amenities

In-Unit Laundry

On-Site Laundry

The Riverside Apartment Homes - Photo 1 of 1

4d ago

8.5

Very good

The Riverside Apartment Homes

2638 Cold Spring Manor Dr, Indianapolis, IN 46222

Affordable | Dishwasher | Hardwood floor

1–2 beds

1 bath

$799–$1,079

Apartment for rent

5d+ ago

Cheap Irvington apartment for rent in Indianapolis

Condominium, Traditional - Indianapolis, IN

4 N Butler Ave #8, Indianapolis, IN 46219

Affordable | Concierge service | Package service

2 beds

1 bath

$800

Apartment for rent

5d+ ago

7.7

Very good

The Dorchester

3720 N Pennsylvania St, Indianapolis, IN 46205

Affordable

2 beds

1 bath

$810

Apartment for rent

The Fields Apartment Homes - Photo 1 of 1

Rent special

3d ago

9.9

Excellent

Verified

The Fields Apartment Homes

3215 N Alton Ave, Indianapolis, IN 46222

Affordable | In-unit laundry | Dishwasher

1–3 beds

1–2 baths

$829–$1,579

Apartment for rent

Top amenities

Hardwood Floor

In-Unit Laundry

Call

5d+ ago

Cheap Downtown Indianapolis apartment for rent in Indianapolis

Affordable

2 beds

1 bath

$846

Apartment for rent

The Prairies Apartment Homes - Photo 1 of 1

4d ago

8.5

Very good

The Prairies Apartment Homes

4555 N Arlington Ave, Indianapolis, IN 46226

Affordable | Dishwasher | Air conditioning

1–2 beds

1 bath

$849–$1,029

Apartment for rent

5d+ ago

Cheap Eastside house for rent in Indianapolis

Single Family Residence, Bungalow - Indianapolis, IN

6149 Commodore Dr, Indianapolis, IN 46219

Affordable | Outdoor space

2 beds

1 bath

$850

House for rent

5d+ ago

Cheap apartment for rent in Indianapolis

Affordable | On-site laundry | Assigned parking

2 beds

1 bath

$850

Apartment for rent

Top amenities

On-Site Laundry

5d+ ago

Cheap Eastside house for rent in Indianapolis

Single Family Residence, Bungalow - Indianapolis, IN

2226 N Kenyon St, Indianapolis, IN 46219

Affordable

2 beds

1 bath

$850

House for rent

5d+ ago

Cheap Martindale - Brightwood house for rent in Indianapolis

2919 N Denny St, Indianapolis, IN 46218

Affordable | Storage | On-site management

2 beds

1 bath

$850

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Eastside townhouse for rent in Indianapolis

6119 Nimitz Dr, Indianapolis, IN 46219

Affordable | On-site management | Package service

3 beds

1 bath

$850

House for rent

Available May 11

Top amenities

On-Site Management

5d+ ago

Cheap Irvington condo for rent in Indianapolis

Condominium, Traditional - Indianapolis, IN

4 N Butler Ave #11, Indianapolis, IN 46219

Affordable | Hardwood floor | Concierge service

2 beds

1 bath

$850

Condo for rent

Rent special

5h ago

8.8

Very good

Lake Camelot Apartments

6475 Excalibur Ct, Indianapolis, IN 46268

Affordable | In-unit laundry | Dishwasher

1–3 beds

1 bath

$868–$1,590

Apartment for rent

Top amenities

Air Conditioning

In-Unit Laundry

On-Site Laundry

On-Site Management

Swimming Pool

5d+ ago

Cheap Martindale - Brightwood house for rent in Indianapolis

2403 N Oxford St, Indianapolis, IN 46218

Affordable | On-site management

3 beds

1 bath

$875

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Near Eastside house for rent in Indianapolis

440 N Lasalle St, Indianapolis, IN 46201

Affordable | On-site management

3 beds

1.5 baths

$875

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

225 Trowbridge St, Indianapolis, IN 46201

Affordable | On-site management

2 beds

1 bath

$875

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

Single Family Residence, Bungalow - Indianapolis, IN

4919 Orion Ave, Indianapolis, IN 46201

Affordable | Hardwood floor | Concierge service

2 beds

1 bath

$875

House for rent

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

257 S Temple Ave, Indianapolis, IN 46201

Affordable | Storage | On-site management

3 beds

1 bath

$875

House for rent

Top amenities

On-Site Management

4d ago

8.4

Very good

2841-2843 E 19th Street

2841 E 19th St, Indianapolis, IN 46218

Affordable

2 beds

1 bath

$895

Apartment for rent

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

2348 Saint Paul St, Indianapolis, IN 46203

Affordable | On-site management

2 beds

1 bath

$895

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Irvington house for rent in Indianapolis

3 Bedroom

610 Good Ave, Indianapolis, IN 46219

Affordable

3 beds

1 bath

$895

House for rent

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

1406 Deloss St, Indianapolis, IN 46201

Affordable | On-site management

4 beds

1 bath

$895

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap Near Northwest - Riverside condo for rent in Indianapolis

1519 W 28th St, Indianapolis, IN 46208

Affordable | Hardwood floor | Outdoor space

2 beds

1 bath

$895

Condo for rent

Available Feb 16

5d+ ago

Cheap Garfield Park apartment for rent in Indianapolis

Affordable | Storage | On-site management

2 beds

2 baths

$895

Apartment for rent

Available May 29

Top amenities

On-Site Management

5d+ ago

Cheap Near Southeast house for rent in Indianapolis

2 bedroom

1119 S Denny St, Indianapolis, IN 46203

Affordable

2 beds

1 bath

$895

House for rent

5d+ ago

Cheap Near Eastside house for rent in Indianapolis

Near Eastside 3BR House ready to Lease!

39 N Tacoma Ave, Indianapolis, IN 46201

Affordable

3 beds

1 bath

$895

House for rent

Available Apr 3

5d+ ago

Cheap Near Northwest - Riverside house for rent in Indianapolis

2248 N Harding St, Indianapolis, IN 46208

Affordable

2 beds

1 bath

$899

House for rent

1d ago

Cheap Near Southeast house for rent in Indianapolis

Don't miss this beautifully 2 bedroom, 1 and a 1/2 bath

1637 S State Ave, Indianapolis, IN 46203

Affordable | In-unit laundry | Dishwasher

2 beds

1.5 baths

$900

House for rent

Available May 31

Top amenities

Cable

In-Unit Laundry

3d ago

8.5

Very good

6048 Dickson Rd

6048 Dickson Rd, Indianapolis, IN 46226

Affordable

2 beds

1 bath

$900

Apartment for rent

3d ago

Excellent

Villa Del Sol Apartments

3636 Mission Dr, Indianapolis, IN 46224

Affordable | In-unit laundry | Dishwasher

1–3 beds

1 bath

$900–$1,415

Apartment for rent

Top amenities

In-Unit Laundry

4d ago

Cheap Near Eastside apartment for rent in Indianapolis

311 Eastern Ave #311, Indianapolis, IN 46201

Affordable | In-unit laundry

2 beds

1 bath

$900

Apartment for rent

Top amenities

In-Unit Laundry

Showing 1 - 49 of 520 results

Home > Apartments in Indianapolis > Indianapolis Cheap Apartments For Rent

Updated: June 2, 2026

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