Cheap Condos for Sale in Indianapolis, IN

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ABOUT THIS HOME
Cheap Condos for Sale in Indianapolis, IN
Nestled at 9118 Backwater Drive, experience LOW MAINTENANCE LIVING in this updated 2 bedroom condo. Live easy and enjoy a lifestyle of comfort and serenity. Imagine relaxing in the living room, where the warmth of a fireplace creates a cozy ambiance for quiet evenings or engaging conversations. The shaker cabinets in the kitchen offer a blend of classic design and practical storage, making meal preparation a pleasure. TWO PRIMARY bedrooms feature the convenience of an ensuite bathroom, providing a private sanctuary to begin and end each day. This waterfront property and its water view invites you to step outside and savor the tranquil surroundings, creating a perfect spot for morning coffee

$229,000

2 beds2.5 baths1,298 sq ft

9118 Backwater Dr, Indianapolis, IN 46250

Shaker cabinets • Waterfront property • Water view

ABOUT THIS HOME
Cheap Condos for Sale in Indianapolis, IN
Downpayment assistance available. This cute and cozy 2 bed 1.5 condominium offers a wonderful opportunity to experience comfortable living. This low maintenance condo provides 1116 square feet of living area, offering a footprint that is both manageable and provides sufficient space. Upstairs, the two spacious bedrooms provide private retreats with ample closet space. Downstairs, this condo offers a half bath, a spacious living room with wood burning fireplace, nice kitchen with plenty of cabinets and counter space and a separate dining room. Additional highlights include in-unit laundry, central HVAC, 1 assigned carport parking space, storage shed, new 200-amp electrical panel, and kitchen

$120,000

2 beds1.5 baths1,116 sq ft

7445 Melanie Ln, Indianapolis, IN 46217

Central hvac • Storage shed • In unit laundry

ABOUT THIS HOME
Cheap Condos for Sale in Indianapolis, IN
Great location on the NW side of College Park with easy access to the interstate, shopping, restaurants and parks. Walk to Trader Joes, McNamara Florist or First Watch! Convenient yet peacefully situated among the trees away from traffic noise. The building entrance is a secured hallway with nearby large ELEVATOR to 2nd floor. The unit features a spacious open floor plan with common space and private balcony in the center and large bedrooms and baths on each side. The galley kitchen and utility/laundry room are convenient. The primary bedroom includes a walk-in closet and en-suite. The 2nd bedroom is large with walk-in closet space and full bathroom in hallway nearby. Includes a 4x4 storage

$170,000

2 beds2 baths1,175 sq ft

8720 Yardley Ct #203, Indianapolis, IN 46268

Private balcony • Walk-in closet • Great location

ABOUT THIS HOME
Cheap Condos for Sale in Indianapolis, IN
A great investment at Heron Lake you can enjoy! One of the largest condos with an affordable price. Entering in you will be amazed at the large open space aligned with windows letting in the sunlight and a view of the Lake. Floor to ceiling built in shelving in the dining/living room. Wrapped around the dining room you have the finished porch. It is a great addition to the primary bedroom also with an attached full bath and plenty of closet space. Another full bath and 2 other large bedrooms. This condo comes with a two car garage for storage or keeping your car warm and snow free!! Great location, close to Broad Ripple, Castleton, Ft. Harrison State Park and I465 & I70. This condo is

$116,279

3 beds2 baths1,672 sq ft

5034 Allisonville Rd Unit C, Indianapolis, IN 46205

Finished porch • Attached full bath • Large open space

ABOUT THIS HOME
Cheap Condos for Sale in Indianapolis, IN
Discover a serene, low-maintenance lifestyle in this single-story condo, tucked in a well-kept community where mature trees shade winding walking paths and landscaped grounds. This home blends modern updates with a peaceful, nature-inspired backdrop and easy access to the amenities you want. Step inside to a bright kitchen with stylish cabinetry and generous counter space, opening to a roomy living area that feels airy and inviting-ideal for both relaxed evenings and entertaining friends. The two-bedroom layout offers flexible space for a home office or guest area, with the primary suite providing comfort and ample closet space. A stunning wood-burning fireplace serves as the focal point of

$155,000

2 beds1.5 baths1,205 sq ft

4604 W 47th St, Indianapolis, IN 46254

Bright kitchen • Stylish cabinetry • Single story condo

Property at 6108 Aspen Grove Dr, Indianapolis, IN 46250, 2 beds, 2.5 baths

$194,500

2 beds2.5 baths1,538 sq ft

6108 Aspen Grove Dr, Indianapolis, IN 46250

Property at 6509 Emerald Hill Ct #311, Indianapolis, IN 46237, 2 beds, 2 baths

$175,000

2 beds2 baths1,124 sq ft

6509 Emerald Hill Ct #311, Indianapolis, IN 46237

Property at 8557 La Corrida Ct, Indianapolis, IN 46227, 3 beds, 1 bath

$125,000

3 beds1 bath1,554 sq ft

8557 La Corrida Ct, Indianapolis, IN 46227

Property at 2858 N Kenwood Ave, Indianapolis, IN 46208, 2 beds, 1 bath

$34,900

2 beds1 bath1,508 sq ft

2858 N Kenwood Ave, Indianapolis, IN 46208

Property at 9611 Highgate Cir N, Indianapolis, IN 46250, 2 beds, 1.5 baths

$225,000

2 beds1.5 baths1,320 sq ft

9611 Highgate Cir N, Indianapolis, IN 46250

Property at 802 N Meridian St #204, Indianapolis, IN 46204, 2 beds, 2 baths

$369,000

2 beds2 baths1,258 sq ft

802 N Meridian St #204, Indianapolis, IN 46204

Property at 802 N Meridian St #207, Indianapolis, IN 46204, 1 bed, 1 bath

$250,000

1 bed1 bath965 sq ft

802 N Meridian St #207, Indianapolis, IN 46204

Property at 8820 Yardley Ct #205, Indianapolis, IN 46268, 2 beds, 2 baths

$174,900

2 beds2 baths1,175 sq ft

8820 Yardley Ct #205, Indianapolis, IN 46268

Property at 5347 N College Ave #202, Indianapolis, IN 46220, 1 bed, 1 bath

$194,900

1 bed1 bath770 sq ft

5347 N College Ave #202, Indianapolis, IN 46220

Property at 2708 Palo Verde Ct, Indianapolis, IN 46227, 3 beds, 2 baths

$114,000

3 beds2 baths1,554 sq ft

2708 Palo Verde Ct, Indianapolis, IN 46227

Property at 2830 Country Estates Dr, Indianapolis, IN 46227, 2 beds, 1.5 baths

$124,900

2 beds1.5 baths1,088 sq ft

2830 Country Estates Dr, Indianapolis, IN 46227

Property at 6068 Wingedfoot Ct, Indianapolis, IN 46254, 2 beds, 1.5 baths

$130,000

2 beds1.5 baths1,300 sq ft

6068 Wingedfoot Ct, Indianapolis, IN 46254

Property at 4261 Foxglove Trce, Indianapolis, IN 46237, 4 beds, 2.5 baths

$164,900

4 beds2.5 baths1,766 sq ft

4261 Foxglove Trce, Indianapolis, IN 46237

Property at 6711 Bridgefield Way, Indianapolis, IN 46254, 2 beds, 2 baths

$229,900

2 beds2 baths1,115 sq ft

6711 Bridgefield Way, Indianapolis, IN 46254

Property at 25 E 40th St Unit 5J, Indianapolis, IN 46205, 2 beds, 2 baths

$209,900

2 beds2 baths1,448 sq ft

25 E 40th St Unit 5J, Indianapolis, IN 46205

Property at 721 E North St Apt 1C, Indianapolis, IN 46202, 2 beds, 2 baths

$299,900

2 beds2 baths960 sq ft

721 E North St Apt 1C, Indianapolis, IN 46202

Property at 4235 Foxglove Trce, Indianapolis, IN 46237, 2 beds, 2 baths

$149,000

2 beds2 baths1,202 sq ft

4235 Foxglove Trce, Indianapolis, IN 46237

Property at 4933 Opal Ridge Ln #102, Indianapolis, IN 46237, 2 beds, 2 baths

$184,999

2 beds2 baths1,560 sq ft

4933 Opal Ridge Ln #102, Indianapolis, IN 46237

Property at 7646 Vintage Ct, Indianapolis, IN 46226, 2 beds, 2 baths

$175,000

2 beds2 baths1,413 sq ft

7646 Vintage Ct, Indianapolis, IN 46226

Property at 2813 Del Prado Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$105,000

2 beds1 bath882 sq ft

2813 Del Prado Dr, Indianapolis, IN 46227

Property at 1404 NE Broadway St NE Unit A, Indianapolis, IN 46202, 2 beds, 1 bath

$174,900

2 beds1 bath921 sq ft

1404 NE Broadway St NE Unit A, Indianapolis, IN 46202

Property at 4657 Chatterton Cir, Indianapolis, IN 46254, 2 beds, 1.5 baths

$194,000

2 beds1.5 baths1,211 sq ft

4657 Chatterton Cir, Indianapolis, IN 46254

Property at 9415 Wimbledon Ct, Indianapolis, IN 46250, 2 beds, 2.5 baths

$215,000

2 beds2.5 baths1,257 sq ft

9415 Wimbledon Ct, Indianapolis, IN 46250

Property at 4727 Stoughton Ct, Indianapolis, IN 46254, 2 beds, 1.5 baths

$224,900

2 beds1.5 baths1,365 sq ft

4727 Stoughton Ct, Indianapolis, IN 46254

Property at 802 N Park Ave, Indianapolis, IN 46202, 2 beds, 1 bath

$300,000

2 beds1 bath1,267 sq ft

802 N Park Ave, Indianapolis, IN 46202

Property at 2304 Brightwell Pl, Indianapolis, IN 46260, 3 beds, 2.5 baths

$245,000

3 beds2.5 baths1,581 sq ft

2304 Brightwell Pl, Indianapolis, IN 46260

Property at 7628 Vintage Ct, Lawrence, IN 46226, 3 beds, 2.5 baths

$200,000

3 beds2.5 baths1,742 sq ft

7628 Vintage Ct, Lawrence, IN 46226

Property at 430 N Park Ave N #412, Indianapolis, IN 46202, 2 beds, 2 baths

$440,000

2 beds2 baths1,503 sq ft

430 N Park Ave N #412, Indianapolis, IN 46202

Property at 2524 Chaseway Ct, Indianapolis, IN 46268, 2 beds, 1.5 baths

$176,900

2 beds1.5 baths1,334 sq ft

2524 Chaseway Ct, Indianapolis, IN 46268

Property at 355 E Ohio St Ste 111, Indianapolis, IN 46204, 1 bed, 1.5 baths

$249,900

1 bed1.5 baths964 sq ft

355 E Ohio St Ste 111, Indianapolis, IN 46204

Property at 714 Southfield Ct, Indianapolis, IN 46227, 1 bed, 1 bath

$99,000

1 bed1 bath640 sq ft

714 Southfield Ct, Indianapolis, IN 46227

Property at 8542 Palo Verde Ter, Indianapolis, IN 46227, 2 beds, 2 baths

$118,500

2 beds2 baths966 sq ft

8542 Palo Verde Ter, Indianapolis, IN 46227

Property at 9577 Bay Vista West Dr, Indianapolis, IN 46250, 2 beds, 2 baths

$225,000

2 beds2 baths2,056 sq ft

9577 Bay Vista West Dr, Indianapolis, IN 46250

Property at 6503 Park Central Way Unit B, Indianapolis, IN 46260, 3 beds, 2 baths

$125,000

3 beds2 baths1,835 sq ft

6503 Park Central Way Unit B, Indianapolis, IN 46260

Property at 9364 Oak Run East Dr, Indianapolis, IN 46260, 2 beds, 2 baths

$285,000

2 beds2 baths1,441 sq ft

9364 Oak Run East Dr, Indianapolis, IN 46260

Property at 8681 Jaffa Court Dr E #38, Indianapolis, IN 46260, 2 beds, 2 baths

$265,000

2 beds2 baths1,842 sq ft

8681 Jaffa Court Dr E #38, Indianapolis, IN 46260

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Based on information submitted to the MLS GRID as of Mon Dec 22 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Condos for Sale in Indianapolis

There are currently 234 cheap condos for sale in Indianapolis at a median listing price of $206K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Indianapolis stay on the market for 73 days and receive 1 offers. Popular neighborhoods include Lanikai Beach, Fountain Square, Broad Ripple, Meridian Kessler, and Irvington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 787 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 408 condos, 59 townhouses, and 218 multi-family units for sale in Indianapolis last month. Indianapolis is a minimally walkable city in Marion County with a Walk Score of 31. Indianapolis is home to approximately 819,398 people and 550,184 jobs. Find your dream home in Indianapolis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Indianapolis. Our Indianapolis real estate stats and trends will give you more information about home buying and selling trends in Indianapolis. If you're looking to sell your home in the Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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