
Cheap Apartments for Rent in the Indiana Park Neighborhood of Indianapolis, IN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Indiana Park area of Indianapolis.


Ashgrove Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Boardwalk at Westlake Apartments and Townhomes

Pinnacle West

Hills Apartments

Darby Court

Maple Creek Village
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Stanford Court
Indiana Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indiana Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Indiana Park Studio Apartments | $1,039 | $750 | $1,591 |
Indiana Park 1 Bedroom Apartments | $1,165 | $650 | $2,683 |
Indiana Park 2 Bedroom Apartments | $1,473 | $773 | $2,878 |
Indiana Park 3 Bedroom Apartments | $1,753 | $1,194 | $3,201 |
Indiana Park 4 Bedroom Apartments | $1,520 | $1,475 | $1,700 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Indiana Park Neighborhood of Indianapolis, IN.
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Indiana Park, Indianapolis, IN Local Guide
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Cheapest Available Indiana Park Apartments for Rent
 The cheapest available apartment rental in the Indiana Park area of Indianapolis, IN is a 1 Bed unit found at Eagle Creek Court priced from $719. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Indiana Park apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eagle Creek Court | Standard One Bedroom (SN1) | 1BR,1BA | $719 |
The Boardwalk at Westlake Apartments and Townhomes | Studio - 467 sqft | Studio,1BA | $750 |
Ashgrove Apartments | Studio | Studio,1BA | $750 |
Pinnacle West | Studio | Studio,1BA | $759 |
Hills Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $769 |
Best Value Apartments for Rent in Indiana Park, IN
As of June 25, 2025 the best value apartment in the Indiana Park area is the $1.07 price per square foot 3 Bedroom 1 Bath Model at El Dorado in the in the Cheswick Place neighborhood starting from $1,285. The second greatest value Indiana Park apartment is the Augusta (Fireplace) Model at Auburn Hills Apartments starting at $1,420 with a $1.42 price per square foot in the Westside Indianapolis neighborhood. Here is today’s list of the best values for Indiana Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
El Dorado | 3 Bedroom 1 Bath | 3BR,1BA | $1.07 |
Auburn Hills Apartments | Augusta (Fireplace) | 2BR,2BA | $1.42 |
Ashton Pointe | Two Bedroom Townhome | 2BR,1.5BA | $1.34 |
10 West Apartments | The Broadway | 2BR,2BA | $1.31 |
Eagle Lake Landing | The Sand Piper | 2BR,2BA | $1.45 |
Brickyard Flats | B1 | 2BR,1BA | $1.20 |
The Maywood at Speedway | The Vesuvio | 1BR,1BA | $1.25 |
Hills Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.23 |
The Legend at Speedway | A1 | 1BR,1BA | $1.43 |
Pinnacle West | Studio | Studio ,1BA | $1.38 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleIndiana Park, Indianapolis, IN
Ranked #128
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Indiana Park, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Indiana Park Apartments
What is the Cheapest Studio apartment in Indiana Park?
Currently the most affordable Cheap Studio Apartment in Indiana Park is at The Boardwalk at Westlake Apartments and Townhomes listed at $750.
How much is rent for a Cheap One Bedroom Indiana Park Apartment?
The lowest price for a Cheap One Bedroom Indiana Park Apartment is $719 at Eagle Creek Court.
What is the lowest price for a Cheap Two Bedroom Indiana Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indiana Park is starting from $773 at Hills Apartments.
What is the most affordable Indiana Park Three Bedroom Apartment?
The best deal on a cheap Indiana Park Three Bedroom Apartment rental is at Hills Apartments and starts from $1,194.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.