Indianapolis

The most inexpensive apartment rentals in Downtown, Indianapolis

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Published on April 24, 2019
The most inexpensive apartment rentals in Downtown, Indianapolis 650 N. Alabama St. | Photos: Zumper

Need a budget-friendly new spot? Though apartment hunting can be challenging, don't despair just yet — there are deals to be had. So what does the low-end rent on a rental in Downtown look like these days — and what might you get for your money?

Walk Score indicates that the neighborhood has excellent walkability, is a "biker's paradise" and has good transit options. It also features median rents for a one bedroom that hover around $925, compared to a $600 one-bedroom median for Indianapolis as a whole.

A look at local listings for studios and one-bedroom apartments in Downtown, via rental site Zumper, offers an overview of what price-conscious apartment seekers can expect to find in this Indianapolis neighborhood.

Take a look at the cheapest listings available right now, below. (Note: prices and availability are subject to change.)

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650 N. Alabama St.

Listed at $842/month, this 355-square-foot studio, located at 650 N. Alabama St., is 66.3 percent less than the $2,500/month median rent for a studio in Downtown.

Amenities offered in the building include garage parking, a fitness center and a swimming pool. In the unit, which comes furnished, expect air conditioning, a balcony and a dishwasher. Pet owners, take heed: cats and dogs are welcome.

(See the complete listing here.)

929 Fayette St.

This one-bedroom, one-bathroom, situated at 929 Fayette St., is listed for $850/month for its 832 square feet of space.

In the unit, you're promised air conditioning, in-unit laundry and a dishwasher. Pets are not allowed. There isn't a leasing fee associated with this rental.

(See the complete listing here.)

410 N. Meridian St.

Then there's this 550-square-foot unit with one bedroom and one bathroom at 410 N. Meridian St., listed at $900/month.

In the unit, anticipate air conditioning, a balcony and a fireplace. Building amenities include garage parking, outdoor space and a swimming pool. Cats and dogs are not welcome.  

(See the listing here.)

718 E. Georgia St.

This studio, situated at 718 E. Georgia St., is listed for $975/month for its 736 square feet of space.

When it comes to building amenities, expect a swimming pool, a roof deck and storage space. In the unit, which comes furnished, look for air conditioning, hardwood flooring and a balcony. Pet lovers are in luck: cats and dogs are welcome.  

(See the listing here.)

531 Virginia Ave.


And here's a studio at 531 Virginia Ave., which, with 512 square feet, is going for $1,025/month.

In the unit, the listing promises hardwood floors, a balcony and in-unit laundry. Building amenities include garage parking, secured entry and an elevator. Pet owners, take heed: cats and dogs are permitted.

(Check out the listing here.)

This story was created automatically using local real estate data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.