Cheap Apartments in Indianapolis, IN Under $500 (2 Apartments for Rent)

The Lakes Apartments
Cheap Apartment
1 to 3 Bedroom Apartments
Available Now

The Lakes Apartments

8740 Arborway Ct
Indianapolis , IN 46268
River West Flats
Cheap Apartment
Studio to 2 Bedroom Apartments
Available Now

River West Flats

1150 N White River Pkwy West Dr
Indianapolis , IN 46222

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How much does it cost to rent Apartments in Indianapolis?

Bedroom Average Rent Cheapest Rent Highest Rent
Indianapolis Studio Apartments $661 $931 $1201
Indianapolis 1 Bedroom Apartments $367 $367 $367
Indianapolis 2 Bedroom Apartments $484 $484 $484
Indianapolis 3 Bedroom Apartments $540 $540 $540
Indianapolis 4 Bedroom Apartments $670 $670 $670

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Frequently Asked Questions about Indianapolis

Is there a program in Indianapolis that helps find affordable housing?

Yes, there may be programs in Indianapolis that assist in finding affordable housing. These programs can be run by city or state governments, nonprofit organizations or private companies, such as HPD, NYC Housing Connect, Section 8 Housing, etc.

How can I find low-income Apartments in Indianapolis?

To find low-income Apartments in Indianapolis, you can search online for affordable housing sites like Allinfohome which specializes in finding affordable Apartments, check with the nonprofit organization that specializes in housing assistance, or contact your city or state government for information about affordable housing programs.

How much should I pay for a low-income apartment in Indianapolis?

The price of a low-income Apartments in Indianapolis will depend on various factors such as location, size and amenities. In general, however, affordable housing units are typically set as a percentage of a tenant's income, typically up to a maximum of about 30% to 40%.

What are the eligibility criteria for low-income Apartments in Indianapolis?

Eligibility criteria for low-income Apartments in Indianapolis will vary depending on the specific program or organization that provides affordable housing. Income level, household size and residency status are among the key factors in determining eligibility for affordable housing.

Can I apply for low-income housing at Indianapolis if I have bad credit?

Yes, you can apply for low-income housing at Indianapolis even if you have bad credit. However, you will need to clarify your situation with your landlord and provide relevant documents to prove you can afford to pay the rent.

How to find cheap Apartments in Indianapolis?

To find cheap Apartments in Indianapolis, you can search online for Apartments listing websites, check with local real estate agencies or use search engines. Rentals allows you to filter by price range. You might also consider looking for Apartments in less popular residential areas or areas farther from the city center. Above all, you can use Allinfohome which is a platform that provides information about cheap Apartments at Indianapolis

What are some of the most affordable neighborhoods to live in Indianapolis?

The most affordable neighborhoods to live in Indianapolis may vary depending on the specific city. You can explore neighborhoods farther from the city center or currently undergoing redevelopment that may offer more affordable housing options.

What should I look for in a cheap Apartments in Indianapolis?

When looking for a cheap Apartments in Indianapolis, it is important to consider factors such as location, safety, amenities and condition of the Apartments. While you may be able to find a cheaper Apartments in a less popular area, you should also make sure it meets your basic needs and is safe and comfortable to live in.

Can I negotiate the rent with the landlord in Indianapolis?

Yes, you can negotiate rent with Indianapolis landlords, especially if you have good credit or a steady income. However, keep in mind that landlords are not always willing to negotiate, and the rental market in some cities can be competitive, making it more difficult to negotiate rents.

Is there a government program in Indianapolis that can help me find affordable housing?

Yes, there may be government programs in Indianapolis that can help you find affordable housing. These programs may include public housing, Section 8 coupons, or rent assistance programs. You can contact your city or state government or local nonprofit organizations for more information about these programs.