Indianapolis

Renting in Indianapolis: What's the cheapest apartment available right now?

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Published on June 05, 2019
Renting in Indianapolis: What's the cheapest apartment available right now?3433 Central Ave. | Photo: Apartment Guide

According to rental site Zumper, median rents for a one-bedroom in Indianapolis are hovering around $626. But how does the low-end pricing on an Indianapolis rental look these days — and what might you get for the price?

We took a look at local listings for studios and one-bedroom apartments from Zumper and Apartment Guide to find out what budget-minded apartment seekers can expect to find.

Read on for the cheapest listings available right now. (Note: prices and availability are subject to change.)

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3433 Central Ave.

Photo: Apartment Guide
Photo: Apartment Guide

Listed at $366/month, this 682-square-foot one-bedroom, one-bathroom apartment, located at 3433 Central Ave. in Mapleton-Fall Creek, is 41.5 percent less than the median rent for a one bedroom in Indianapolis, which is currently estimated at around $626/month.

When it comes to building amenities, expect assigned parking, on-site laundry and on-site management. Also expect air conditioning in the apartment. Pets are not allowed.

Walk Score indicates that the area around this address is car-dependent, is bikeable and has some transit options.

(See the complete listing here.)

316 W. 29th St.

Photo: Zumper
Photo: Zumper

Here's a one-bedroom, one-bathroom space at 316 W. 29th St. in Mapleton-Fall Creek, which, at 1,316 square feet, is going for $390/month.

You can expect to see air conditioning and carpeted floors in the residence. Animals are not permitted. Future tenants needn't worry about a leasing fee.

Per Walk Score ratings, the surrounding area requires a car for most errands, is convenient for biking and has some transit options.

(See the full listing here.)

2827 E. Brookside Ave.

Photo: Zumper
Photo: Zumper

Next up is this 1,232-square-foot one-bedroom, one-bathroom dwelling, located at 2827 E. Brookside Ave. in Near Eastside and listed for $450/month.

Expect to find hardwood flooring in the residence. Cats and dogs are not welcome. The rental doesn't require a leasing fee.

Walk Score indicates that the surrounding area requires a car for most errands, is relatively bikeable and has some transit options.

(Here's the listing.)

3287 Tara Court East

Photo: Apartment Guide
Photo: Apartment Guide

And here's a one-bedroom, one-bathroom apartment at 3287 Tara Court East in Eagledale, which, with 695 square feet, is going for $479/month.

Amenities offered in the building include on-site laundry and outdoor space. The apartment also has a balcony and a ceiling fan. Luckily for pet owners, both dogs and cats are welcome.

Per Walk Score ratings, the area around this address isn't very walkable, is bikeable and has some transit options.

(Check out the listing here.)

276 S. Dearborn St.

Photo: Zumper
Photo: Zumper

Over at 276 S. Dearborn St. in Near Southeast, there's this 528-square-foot one-bedroom, one-bathroom space, going for $495/month.

You can expect to find central air conditioning in the residence. Pet owners, take heed: Cats and dogs are allowed. There's no leasing fee required for this rental.

According to Walk Score, the surrounding area is moderately walkable, has some bike infrastructure and has a few nearby public transportation options.

(View 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.