What is the average rent for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

One-bedroom apartments in Downtown Indianapolis average around $1,600 per month in 2025, representing a 7.2% increase from the previous year. These units typically offer about 735 square feet of living space.

What is the average rent for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

Two-bedroom apartments in Downtown Indianapolis rent for around $2,300 per month in 2025, up 7.2% from 2024. These units average approximately 1,178 square feet of space.

What is the average rent for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

Three-bedroom apartments in Downtown Indianapolis average around $2,800 per month in 2025, showing the largest year-over-year increase at 10.2%. These larger units typically provide about 1,594 square feet of living space.

How much does it cost to rent an apartment in Downtown Indianapolis, Indianapolis, IN?

Downtown Indianapolis rental costs averaged around $1,800 per month across all apartment types in 2025, with rents rising 5.4% from the previous year. Studios start around $1,400 monthly, while three-bedroom units reach around $2,800 per month.

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

Apartments in Downtown Indianapolis average 914 square feet across all unit types. Studio apartments offer about 557 square feet, while three-bedroom units provide the most space at approximately 1,594 square feet.

What type of apartment is most common in Downtown Indianapolis, Indianapolis, IN?

One-bedroom apartments are the most common rental type in Downtown Indianapolis, with about 157 listings available monthly. Two-bedroom units follow as the second most prevalent option with approximately 121 monthly listings.

What type of apartment is least common in Downtown Indianapolis, Indianapolis, IN?

Three-bedroom apartments are the least common rental type in Downtown Indianapolis, with about 18 listings available per month. Studios are also relatively limited, averaging around 45 monthly listings in the neighborhood.

Cheap Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

25 rentals

5d+ ago

Cheap Downtown Indianapolis apartment for rent in Indianapolis

Affordable

2 beds

1 bath

$846

Apartment for rent

Rent special

3D tour

2h ago

9.3

Excellent

Verified

Maxwell Apartments

530 E Ohio St, Indianapolis, IN 46204

Affordable | In-unit laundry | Garage parking

Studio–2 beds

1–2 baths

$962–$1,815

Apartment for rent

Top amenities

Assigned Parking

Elevator

Fitness Center

Garage Parking

In-Unit Laundry

Storage

Call

The Riverside Apartment Homes - Photo 1 of 1

Rent special

9h ago

9.9

Excellent

Verified

The Riverside Apartment Homes

2638 Cold Spring Manor Dr, Indianapolis, IN 46222

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$1,059–$1,289

Apartment for rent

Top amenities

Air Conditioning

In-Unit Laundry

Call

5d+ ago

Cheap Downtown Indianapolis apartment for rent in Indianapolis

708 E 11th St Apt 10, Indianapolis, IN 46202

Affordable

2 beds

1 bath

$1,095

Apartment for rent

Rent special

New construction

8h ago

Excellent

Verified

The Domino

3200 Dr Andrew J Brown Ave, Indianapolis, IN 46205

Affordable | In-unit laundry | Storage

Studio–2 beds

1–2 baths

$1,095–$2,120

Apartment for rent

Top amenities

Business Center

Ceiling Fan

Fitness Center

In-Unit Laundry

On-Site Management

Roof Deck

Call

Rent special

2h ago

Excellent

Verified

Riverview

460 N White River Pkwy West Dr, Indianapolis, IN 46222

Affordable | Elevator | Business center

Studio–2 beds

1–2 baths

$1,195–$1,802

Apartment for rent

Call

Nearby rental good for eco-living

$3,554

Downtown Indianapolis

Nearby rental good for pet owners

$1,095–$2,120

Martindale - Brightwood

5d+ ago

Verified

Affordable | In-unit laundry | Assigned parking

1 bed

1 bath

$1,265

Apartment for rent

Available Jul 7

Top amenities

Air Conditioning

Carpet

Controlled Access

In-Unit Laundry

Package Service

Storage

Rent special

New construction

35m ago

9.6

Excellent

Verified

The Grounds

2136 Central Ave, Indianapolis, IN 46202

Affordable | In-unit laundry | Garage parking

Studio–3 beds

1–2 baths

$1,299–$3,617

Apartment for rent

Top amenities

Assigned Parking

Controlled Access

Fitness Center

Garage Parking

In-Unit Laundry

Call

Rent an Airbnb‑friendly apartment.

Earn

extra money.

Airbnb-friendly apartments allow residents to earn extra money from hosting on Airbnb part-time.
Learn more on Airbnb

4h ago

9.3

Excellent

The Bronx on Central

1335 Central Ave, Indianapolis, IN 46202

Affordable | In-unit laundry | Dishwasher

1–2 beds

1 bath

$1,450–$1,600

Apartment for rent

Top amenities

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Verified

3541 Birchwood Avenue, Indianapolis, IN 46205

Affordable | Dishwasher | Storage

3 beds

1 bath

$1,549

House for rent

Available Jun 7

Top amenities

Air Conditioning

Ceiling Fan

Fireplace

Hardwood Floor

Find sweet deals near Downtown Indianapolis

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

$950

Eagledale

$895

Near Southeast

$1,250

Near Eastside

4d ago

8.5

Very good

1020-1022 S Randolph

1020 S Randolph St, Indianapolis, IN 46203

Affordable | On-site laundry | Dishwasher

3 beds

1 bath

$1,650

Apartment for rent

Top amenities

On-Site Laundry

5d+ ago

Verified

Affordable Homes

1337 Barth Ave #NA, Indianapolis, IN 46203

Affordable | Storage | Air conditioning

3 beds

1 bath

$1,700

House for rent

Available Apr 15

Top amenities

High Ceilings

5d+ ago

8.7

Very good

Verified

335 W 9th St

335 W 9th St, Indianapolis, IN 46202

Affordable | Furnished

Studio–2 beds

1–2 baths

$1,725–$2,659

Apartment for rent

2825 Kessler Blvd North Dr - Photo 1 of 1

5d+ ago

Verified

2825 Kessler Blvd North Dr, Indianapolis, IN 46222

Affordable | On-site laundry | On-site management

3 beds

1.5 baths

$1,880

$1,760

Price drop

House for rent

Available May 18

Top amenities

On-Site Laundry

On-Site Management

Rent special

3d ago

9.2

Excellent

Verified

75 W 18th Street

75 W 18th St, Indianapolis, IN 46202

Affordable | Furnished

1–2 beds

1–2 baths

$1,882–$2,302

Apartment for rent

Rent special

3d ago

Very good

Verified

3132 Dr. Andrew J Brown

3132 Dr Andrew J Brown Ave, Indianapolis, IN 46205

Affordable | Furnished

1–2 beds

1–2 baths

$2,100–$2,600

Apartment for rent

5d+ ago

Verified

2418 East 16th Street, Indianapolis, IN 46201

Affordable | In-unit laundry | Dishwasher

2 beds

1.5 baths

$2,125

House for rent

Available Jun 7

Top amenities

Central Heat

Hardwood Floor

High Ceilings

In-Unit Laundry

Storage

13h ago

Verified

272 Hoefgen St, Indianapolis, IN 46225

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$2,386

$2,147

Price drop

Apartment for rent

Top amenities

Assigned Parking

In-Unit Laundry

On-Site Management

Oven

Wi-Fi

5d+ ago

Verified

1613 Fletcher Avenue, Indianapolis, IN 46203

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$2,149

House for rent

Available Jun 6

Top amenities

Air Conditioning

Ceiling Fan

Dishwasher

In-Unit Laundry

On-Site Laundry

Storage

5d+ ago

Verified

1643 Fletcher Avenue, Indianapolis, IN 46203

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$2,249

House for rent

Available Feb 28

Top amenities

Carpet

Ceiling Fan

Central Heat

In-Unit Laundry

5d+ ago

Verified

17 North Randolph Street, Indianapolis, IN 46201

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$2,275

House for rent

Available May 16

Top amenities

Assigned Parking

Carpet

Central Heat

Dishwasher

In-Unit Laundry

On-Site Laundry

13h ago

Verified

844 Camp St, Indianapolis, IN 46202

Affordable | In-unit laundry | Dishwasher

2 beds

2 baths

$3,554

Apartment for rent

Top amenities

Central Heat

Dishwasher

Furnished

In-Unit Laundry

Wi-Fi

13h ago

Verified

1121 Laurel St, Indianapolis, IN 46203

Affordable | In-unit laundry | Assigned parking

2 beds

2 baths

$4,850

$3,837

Price drop

Apartment for rent

Top amenities

Air Conditioning

Assigned Parking

Fitness Center

Residents Lounge

Wi-Fi

13h ago

Verified

2834 Washington Blvd, Indianapolis, IN 46205

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$4,451

$4,061

Price drop

Apartment for rent

Top amenities

Central Heat

Dishwasher

Furnished

In-Unit Laundry

Wi-Fi

13h ago

Verified

337 Sanders St, Indianapolis, IN 46225

Affordable | In-unit laundry | Garage parking

3 beds

2 baths

$4,654

$4,154

Price drop

Apartment for rent

Top amenities

Air Conditioning

Dishwasher

Furnished

In-Unit Laundry

Oven

Wi-Fi

Showing 1 - 25 of 25 results

Home > Apartments in Indianapolis > Downtown Indianapolis > Downtown Indianapolis Cheap Apartments For Rent

Updated: May 12, 2026

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