
Cheap Homes for Rent in Indiana Park Neighborhood of Indianapolis, IN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Indiana Park area of Indianapolis.


1269 Farley Dr, Unit 1269

610 Ingomar St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5041 W 13th St

354 S Biltmore Ave

5102 Bertha St
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.
Indiana Park, Indianapolis, IN Local Guide

How much does it cost to rent a home in Indiana Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indiana Park 3 Bedroom Homes for Rent | $1,585 | $1,345 | $1,890 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Studio unit found at Maple Creek Village priced from $700. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Indiana Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple Creek Village | Studio | Studio,1BA | $700 |
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 441 sqft | Studio,1BA | $740 |
| Pinnacle West | Studio | Studio,1BA | $759 |
Best Value Apartments for Rent in Indiana Park, IN
As of June 14, 2026 the best value apartment in the Indiana Park area is the $1.05 price per square foot Two Bedroom Townhome (T1) Model at Darby Court in the in the Speedway Wellhead neighborhood starting from $1,310. The second greatest value Indiana Park apartment is the Three Bed Two and a Half Bath Townhome (T3) Model at Sebring Court starting at $1,423 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Darby Court | Two Bedroom Townhome (T1) | 2BR,2.5BA | $1.05 |
| Sebring Court | Three Bed Two and a Half Bath Townhome (T3) | 3BR,2.5BA | $1.15 |
| Residences at Lawnview | Three Bedroom One Bath Garden | 3BR,1BA | $1.01 |
| Runaway Bay Apartments | Newport 1 | 2BR,2BA | $1.33 |
| Carriage House West | The Kincaid | 2BR,1.5BA | $1.35 |
| The Maywood at Speedway | The Concord | 2BR,1BA | $1.17 |
| 5841 W 25th St, Unit 1 or 4 | 5841 W 25th St | 2BR,1BA | $1.22 |
| Brickyard Flats | B1 | 2BR,1BA | $1.21 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1.32 |
| 10 West Apartments | The Abbey | 1BR,1BA | $1.24 |
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.
Read ArticleYour 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
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.
Read ArticleQuick 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 #117
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Indiana Park, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Indiana Park
What type of rentals are currently available in Indiana Park?
There are currently 68 Apartments for Rent in Indiana Park, IN with pricing that ranges from $700 to $4,684. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indiana Park ranging from $1,345 to $1,890.
What is the current price range for Rental Homes in Indiana Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Indiana Park ranges from $1,345 to $1,890 with an average monthly rent of $1,585.
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.