Apartments Under $1500 for Rent in Downtown Indianapolis, IN

59 rentals

Sort:

Recommended

DEAL

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
Discover modern industrial living at 800 Capitol Apartments, ideally situated in downtown Indianapolis. Our one- and two-bedroom homes feature stainless steel appliances, granite countertops, and expa

1 bd: $1,005

2 bd: $1,202

800 Capitol

| 800 N Capitol Ave, Indianapolis, IN 46204

45 units available • Pets welcome • Dishwasher

DEAL

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
Welcome to Temple Lofts! Pictures just don't do it justice, come experience one of downtown Indy's most unique addresses and get ready to call it home! Temple Lofts is a stunning church conversion

$1,400/mo

2 beds1.5 baths1,053 sq ft

Temple Lofts

| 1226 Doctor Martin Luther King Junior St, Indianapolis, IN 46202

3 units available • Cats welcome • A/C

DEAL

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
Your New Home Awaits Welcome to The E'Laan, a residential community featuring studio, one and two bedroom apartments in Downtown Indianapolis, IN. Spacious layouts and amenities welcome you home, alo

Studio: $1,065

1 bd: $1,265

The E'Laan

| 515 E Market St, Indianapolis, IN 46204

10 units available • Pets welcome •

2 MONTHS FREE

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
Our spacious apartment homes feature gourmet kitchens with high-end finishes, luxurious bathrooms, and expansive closets with custom built-in shelving, providing abundant storage. Step onto your priva

$1,195+/mo

1 bed1 bath543-625 sq ft

9 On Canal

| 335 W 9th St, Indianapolis, IN 46202

62 units available • Pets welcome • A/C

DEAL3D WALKTHROUGH

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
**24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent! Welcome to The Heart of Downtown Indianapolis, where modern living meets vibran

$1,149+/mo

0 beds1 bath550-675 sq ft

Lofts on Madison

| 501 Madison Ave, Indianapolis, IN 46225

2 units available • Pets welcome •

ABOUT THIS HOME
Apartment Under $1500 for Rent in Downtown Indianapolis:
Ideally situated near some of downtown's finest attractions, Christian Place is a wonderful choice when it comes to efficiency and affordability. Great location for those who want to be close to Mass

$975+/mo

1 bed1 bath420-524 sq ft

Christian Place

| 824 N Alabama St, Indianapolis, IN 46204

3 units available • Pets welcome • Dishwasher

Property at Indiana Flats and Townhomes - 735 W 11th St, Indianapolis, IN, 46202, 2 beds, 1 bath, [object Object]

$1,095/mo

2 beds1 bath687 sq ft

Indiana Flats and Townhomes

| 735 W 11th St, Indianapolis, IN 46202

Property at The Ambassador at Library Square - 39 E 9th St, Indianapolis, IN, 46204, 1 bed, 1 bath, [object Object]

$1,047+/mo

1 bed1 bath606-700 sq ft

The Ambassador at Library Square

| 39 E 9th St, Indianapolis, IN 46204

Property at The Plaza at Library Square - 902 N Pennsylvania St, Indianapolis, IN, 46204, 2 beds, 2 baths, [object Object]

$1,343+/mo

2 beds2 baths1,032-1,073 sq ft

The Plaza at Library Square

| 902 N Pennsylvania St, Indianapolis, IN 46204

Property at Grid - 520 E Washington St, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,030+/mo

0-1 beds1 bath395-632 sq ft

Grid

| 520 E Washington St, Indianapolis, IN 46204

Property at Maxwell Apartments - 530 E Ohio St, Indianapolis, IN, 46204, 0-1 beds, 1-1.5 bath, [object Object]

$970+/mo

0-1 beds1-1.5 bath577-885 sq ft

Maxwell Apartments

| 530 E Ohio St, Indianapolis, IN 46204

Property at The Leo - 748 Bates St, Indianapolis, IN, 46202, 0-1 beds, 1 bath, [object Object]

$1,310+/mo

0-1 beds1 bath539-632 sq ft

The Leo

| 748 Bates St, Indianapolis, IN 46202

Property at Block 20 - 423 E Michigan St, Indianapolis, IN, 46204, 0 beds, 1 bath, [object Object]

$1,143+/mo

0 beds1 bath470-503 sq ft

Block 20

| 423 E Michigan St, Indianapolis, IN 46204

Property at Indy Colonial Apartments - 126 E Vermont St, Indianapolis, IN, 46204, 1 bed, 1 bath, [object Object]

$1,200+/mo

1 bed1 bath620-980 sq ft

Indy Colonial Apartments

| 126 E Vermont St, Indianapolis, IN 46204

Property at Artistry Indy - 451 E Market St, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,019+/mo

0-1 beds1 bath324-815 sq ft

Artistry Indy

| 451 E Market St, Indianapolis, IN 46204

Property at Riley Towers - 650 Alabama St, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,108+/mo

0-1 beds1 bath399-729 sq ft

Riley Towers

| 650 Alabama St, Indianapolis, IN 46204

Property at CityWay - 229 S Delaware St, Indianapolis, IN, 46225, 1 bed, 1 bath, [object Object]

$1,334+/mo

1 bed1 bath537-783 sq ft

CityWay

| 229 S Delaware St, Indianapolis, IN 46225

Property at Rise on Meridian - 915 S Meridian St, Indianapolis, IN, 46225, 0 beds, 1 bath, [object Object]

$1,261+/mo

0 beds1 bath400-562 sq ft

Rise on Meridian

| 915 S Meridian St, Indianapolis, IN 46225

Property at Ralston Apartments - 1201 Indiana Ave, Indianapolis, IN, 46202, 1 bed, 1 bath, [object Object]

$1,144+/mo

1 bed1 bath457-966 sq ft

Ralston Apartments

| 1201 Indiana Ave, Indianapolis, IN 46202

Property at Penrose on Mass - 530 Massachusetts Ave, Indianapolis, IN, 46204, 0 beds, 1 bath, [object Object]

$1,272+/mo

0 beds1 bath505-584 sq ft

Penrose on Mass

| 530 Massachusetts Ave, Indianapolis, IN 46204

Property at 707 North Apartments - 707 E North St, Indianapolis, IN, 46202, 2 beds, 2 baths, [object Object]

$1,062+/mo

2 beds2 baths1,014-1,015 sq ft

707 North Apartments

| 707 E North St, Indianapolis, IN 46202

Property at 632MLK Apartments - 632 Doctor Martin Luther King Junior St, Indianapolis, IN, 46202, 0 beds, 1 bath, [object Object]

$1,350+/mo

0 beds1 bath444 sq ft

632MLK Apartments

| 632 Doctor Martin Luther King Junior St, Indianapolis, IN 46202

Property at Harness Factory Lofts - 30 E Georgia St, Indianapolis, IN, 46204, 0-2 beds, 1 bath, [object Object]

$1,045+/mo

0-2 beds1 bath645-1,056 sq ft

Harness Factory Lofts

| 30 E Georgia St, Indianapolis, IN 46204

Property at River West Flats - 1150 N White River Pkwy West Dr, Indianapolis, IN, 46222, 0-2 beds, 1 bath, [object Object]

$999+/mo

0-2 beds1 bath345-880 sq ft

River West Flats

| 1150 N White River Pkwy West Dr, Indianapolis, IN 46222

Property at Apollo & Aurora - 1101 N Alabama St, Indianapolis, IN, 46202, 1 bed, 1 bath, [object Object]

$1,185+/mo

1 bed1 bath600-700 sq ft

Apollo & Aurora

| 1101 N Alabama St, Indianapolis, IN 46202

Property at The 101 - 1001 N Delaware St, Indianapolis, IN, 46202, 1-2 bed, 1 bath, [object Object]

$1,225+/mo

1-2 bed1 bath450 sq ft

The 101

| 1001 N Delaware St, Indianapolis, IN 46202

Property at Garden Arch - 726 N East St, Indianapolis, IN, 46202, 1 bed, 1 bath, [object Object]

$1,350/mo

1 bed1 bath650 sq ft

Garden Arch

| 726 N East St, Indianapolis, IN 46202

Property at Canal Square - 359 N West St, Indianapolis, IN, 46202, 1 bed, 1 bath, [object Object]

$1,299/mo

1 bed1 bath484 sq ft

Canal Square

| 359 N West St, Indianapolis, IN 46202

Property at Blacherne At Vermont Place - 402 N Meridian St, Indianapolis, IN, 46204, 1 bed, 1 bath, [object Object]

$1,335/mo

1 bed1 bath650 sq ft

Blacherne At Vermont Place

| 402 N Meridian St, Indianapolis, IN 46204

Property at Mozzo apartments - 531 Virginia Ave, Indianapolis, IN, 46203, 0-1 beds, 1 bath, [object Object]

$1,099+/mo

0-1 beds1 bath596-647 sq ft

Mozzo apartments

| 531 Virginia Ave, Indianapolis, IN 46203

Property at Penn Street Tower Apartments - 115 N Pennsylvania St, Indianapolis, IN, 46204, 1 bed, 1 bath, [object Object]

$1,270+/mo

1 bed1 bath697-788 sq ft

Penn Street Tower Apartments

| 115 N Pennsylvania St, Indianapolis, IN 46204

Property at Industry Indianapolis - 421 N Pennsylvania St, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,371+/mo

0-1 beds1 bath427-488 sq ft

Industry Indianapolis

| 421 N Pennsylvania St, Indianapolis, IN 46204

Property at The Congress at Library Square - 923 N Meridian St, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,129+/mo

0-1 beds1 bath522-769 sq ft

The Congress at Library Square

| 923 N Meridian St, Indianapolis, IN 46204

Property at The Whit Apartments - 307 N Pennsylvania St, Indianapolis, IN, 46204, 0 beds, 1 bath, [object Object]

$1,260+/mo

0 beds1 bath524-739 sq ft

The Whit Apartments

| 307 N Pennsylvania St, Indianapolis, IN 46204

Property at The Waverley Apartments - 140 Pope St, Indianapolis, IN, 46202, 0-1 beds, 1 bath, [object Object]

$1,184+/mo

0-1 beds1 bath459-768 sq ft

The Waverley Apartments

| 140 Pope St, Indianapolis, IN 46202

Property at 220 Meridian - 220 N Meridian St, Indianapolis, IN, 46204, 0 beds, 1 bath, [object Object]

$1,439/mo

0 beds1 bath505 sq ft

220 Meridian

| 220 N Meridian St, Indianapolis, IN 46204

Property at Utomin - 658 E 11th St, Indianapolis, IN, 46202, 2 beds, 1 bath, [object Object]

$1,100/mo

2 beds1 bath640 sq ft

Utomin

| 658 E 11th St, Indianapolis, IN 46202

Property at Circa Apartments - 617 N College Ave, Indianapolis, IN, 46204, 0-1 beds, 1 bath, [object Object]

$1,165+/mo

0-1 beds1 bath472-687 sq ft

Circa Apartments

| 617 N College Ave, Indianapolis, IN 46204

Property at Vanguard at 16 Tech - 1410 Breedlove Ln, Indianapolis, IN, 46202, 0-1 beds, 1 bath, [object Object]

$1,175+/mo

0-1 beds1 bath500-720 sq ft

Vanguard at 16 Tech

| 1410 Breedlove Ln, Indianapolis, IN 46202

Property at 501 Virginia Ave Unit 508, Indianapolis, IN, 46203, 0 beds, 1 bath, [object Object]

$1,430/mo

0 beds1 bath596 sq ft

501 Virginia Ave Unit 508, Indianapolis, IN 46203

Property at 920 Alabama St Unit 311-60, Indianapolis, IN, 46202, 1 bed, 1 bath, [object Object]

$1,145/mo

1 bed1 bath— sq ft

920 Alabama St Unit 311-60, Indianapolis, IN 46202

Viewing page 1 of 2

More to explore in Downtown Indianapolis, IN

Property Types
Bedrooms
Amenities
Price

Rentals near Downtown Indianapolis, IN

Apartments for rent near Downtown Indianapolis, IN

Cities
Rental Buildings

Neighborhoods
Zip Codes

Popular rental markets in Indiana

Rentals
Apartments

Related searches in Downtown Indianapolis, IN

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

Apartments Under $1500 for Rent in Downtown Indianapolis, IN

More to explore in Downtown Indianapolis, IN

Rentals near Downtown Indianapolis, IN

Cities

Apartments for rent near Downtown Indianapolis, IN

Popular rental markets in Indiana

Related searches in Downtown Indianapolis, IN