Indianapolis/ Real Estate & Development
Published on April 29, 2020
The cheapest apartments for rent in Downtown, Indianapolis 1022 Dr Martin Luther King Jr St. | Photo: Zumper

Downtown is friendly for those on foot, is a "biker's paradise" and has good transit options, according to Walk Score's rating system.

So what does the low-end rent on a rental in Downtown look like these days — and what might you get for your money?

We took a look at local listings in Downtown via rental sites Zumper and Apartment Guide to find out what price-conscious apartment seekers can expect to find in this Indianapolis neighborhood.

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

Hoodline offers data-driven analysis of local happenings and trends across cities. Links included in this article may earn Hoodline a commission on clicks and transactions.


1005 N. Delaware St.

Photo: Zumper
Photo: Zumper

Listed at $700/month, this studio apartment, located at 1005 N. Delaware St., is 6.7% less than the $750/month median rent for a studio in Downtown.

You'll find carpeted floors in the apartment. Pet owners, inquire elsewhere: This spot doesn't allow cats or dogs.

(See the complete listing here.)

1022 Dr Martin Luther King Jr St.

Photo: Zumper
Photo: Zumper

This one-bedroom, one-bathroom address, situated at 1022 Dr Martin Luther King Jr St., is listed for $800/month for its 645 square feet.

In the unit, look for hardwood flooring, central heating and a dishwasher. For those with furry friends in tow, this rental is pet-friendly. There isn't a leasing fee associated with this rental.

(See the complete listing here.)

800 N. Capitol Ave.

Photo: Apartment Guide
Photo: Apartment Guide

Finally, here's a one-bedroom, one-bathroom apartment at 800 N. Capitol Ave., which, at 879 square feet, is going for $825/month.

When it comes to building amenities, expect secured entry and an elevator. In the unit, you'll find a dishwasher and a walk-in closet. Pet lovers are in luck: This rental is both dog-friendly and cat-friendly. Expect a $150 pet fee.

(See the full listing here.)


This story was created automatically using local real estate data from Zumper and Apartment Guide, then reviewed by an editor. Click here for more about what we're doing. Additionally, read on for five marketing tips for real estate agents to showcase local market expertise.

Got thoughts? Go here to share your feedback.