Cheap Apartments for Rent in the Grace Tuxedo Park Neighborhood of Indianapolis, IN from $300 (9 Rentals)

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

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included

Grace Tuxedo Park, Indianapolis, IN Local Guide

Cheapest Available Grace Tuxedo Park Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The Courts Apartment Homes1x11BR,1BA$799
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931

Best Value Apartments for Rent in Grace Tuxedo Park, IN

As of October 26, 2025 the best value apartment in the Grace Tuxedo Park area is the $0.81 price per square foot 1121 N Dearborn St Model at 1121 N Dearborn St, Unit 1121 N Dearborn in the in the Martindale neighborhood starting from $1,100. The second greatest value Grace Tuxedo Park apartment is the The Alma 50% Model at Minnie Hartmann Center starting at $1,180 with a $1.48 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Grace Tuxedo Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1121 N Dearborn St, Unit 1121 N Dearborn1121 N Dearborn St2BR,1.5BA$0.81
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
The Courts Apartment Homes1x11BR,1BA$1.45

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Pet Friendly Lifestyle
Grace Tuxedo Park, Indianapolis, IN

Ranked #225

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Grace Tuxedo Park Neighborhood in Indianapolis, IN

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Grace Tuxedo Park Apartments

What is the price of a cheap apartment in Grace Tuxedo Park?

The cheapest apartment in Grace Tuxedo Park is The Courts Apartment Homes which is listed at $799, while the average apartment in Grace Tuxedo Park costs $1,495.

What types of apartments are the cheapest in Grace Tuxedo 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 3 regular apartments in Grace Tuxedo Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.