Cheap Apartments for Rent in the Garfield Park Neighborhood of Indianapolis, IN from $500 (75 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Garfield Park area of Indianapolis.

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One Somerset
Rent Specials
$775
Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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property at 2231 Union St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

2231 Union St

IndianapolisIN46225

Garfield Park - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 1202 Hoefgen St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1202 Hoefgen St, Unit 1202

1202 Hoefgen St
IndianapolisIN46203
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Volrath
Studio to 2 Bedroom Apartments

Volrath

118 Palmer StIndianapolis, IN 46225
Student Housing
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
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Garfield Park, Indianapolis, IN Local Guide

Cheapest Available Garfield Park Apartments for Rent

 

The cheapest available apartment rental in the Garfield Park area of Indianapolis, IN is a Studio unit found at Spicewood priced from $759. Volrath has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Garfield Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
SpicewoodStudioStudio,1BA$759
Volrath1BR/1.0BA1BR,1BA$775
One SomersetOne Somerset - 1 Bed/1 Bath2BR,1BA$775
Garfield Park Village1/1 Renovated1BR,1BA$799
Capital PlaceTwo Bedroom One Bath2BR,1BA$849
Pine Glen1x1 Classic Watilist1BR,1BA$870
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,100
City's EndBarcelona 0.1Studio,1BA$1,200

Best Value Apartments for Rent in Garfield Park, IN

As of July 26, 2026 the best value apartment in the Garfield Park area is the $1.36 price per square foot Cambridge Model at Hanna Village in the in the Concord neighborhood starting from $1,499. The second greatest value Garfield Park apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Garfield Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hanna VillageCambridge3BR,2BA$1.36
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.30
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
One SomersetOne Somerset - 1 Bed/1 Bath2BR,1BA$1.11
Dawson Village2 BR/1 BA - FLATS2BR,1BA$1.28
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Garfield Park Village2/1 Renovated2BR,1BA$1.61
Pine GlenCedar Renovated1BR,1BA$1.58
Volrath1BR/1.0BA1BR,1BA$1.29

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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Garfield Park, Indianapolis, IN

Ranked #241

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Garfield Park Apartments

What is a cheap apartment in Garfield Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Garfield Park is under $1,200.

What is the price of a cheap apartment in Garfield Park?

The cheapest apartment in Garfield Park is Volrath which is listed at $775, while the average apartment in Garfield Park costs $7,804.

What types of apartments are the cheapest in Garfield Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Garfield Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Garfield Park?

Cheap apartments in Garfield Park have an average cost of $127 which is $7,677 cheaper than the average rent for all rentals in Garfield Park.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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