Cheap Apartments for Rent in the Indiana Park Neighborhood of Indianapolis, IN from $400 (13 Rentals)

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

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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
  • Utilities Included
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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Maple Creek Village
Studio to 4 Bedroom Apartments

Maple Creek Village

3800 W Michigan StIndianapolis, IN 46222

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.

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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Indiana Park, Indianapolis, IN Local Guide

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 Sebring Court priced from $735. Ashgrove Apartments 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 ListingModel NameBed/BathPriced From
Sebring CourtStandard One Bedroom (SN1)1BR,1BA$735
Ashgrove ApartmentsStudioStudio,1BA$750
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$765
Brickyard FlatsA21BR,1BA$787

Best Value Apartments for Rent in Indiana Park, IN

As of November 15, 2025 the best value apartment in the Indiana Park area is the $1.11 price per square foot 2 Bed 1.5 Bath Townhome Model at Westpark Townhomes in the in the Speedway Wellhead neighborhood starting from $1,250. The second greatest value Indiana Park apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,532 with a $1.38 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Indiana Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Westpark Townhomes2 Bed 1.5 Bath Townhome2BR,1.5BA$1.11
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.38
10 West ApartmentsThe Broadway2BR,2BA$1.30
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Eagle Lake LandingThe Islander1BR,1BA$1.47
Wyckford CommonsThe Artemis1BR,1BA$1.47
Brickyard FlatsA11BR,1BA$1.27
The Hills Apartment Homes1x11BR,1BA$1.36
The Legend at SpeedwayA11BR,1BA$1.43
Pinnacle WestStudioStudio ,1BA$1.38

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Indiana Park, Indianapolis, IN

Ranked #150

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Indiana Park Apartments

What is a cheap apartment in Indiana Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indiana Park is under $915.

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

The cheapest apartment in Indiana Park is Sebring Court which is listed at $735, while the average apartment in Indiana Park costs $1,564.

What types of apartments are the cheapest in Indiana 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 50 regular apartments in Indiana 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 Indiana Park?

Cheap apartments in Indiana Park have an average cost of $499 which is $1,065 cheaper than the average rent for all rentals in Indiana Park.

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.