Cheap Apartments for Rent in the Kingpark Neighborhood of Indianapolis, IN from $500 (71 Rentals)

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

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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.

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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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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
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The Marleigh
Studio to 1 Bedroom Apartments

The Marleigh

1434-1448 N Delaware StIndianapolis, IN 46202
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Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
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The Whitaker
1 to 2 Bedroom Apartments

The Whitaker

1504 N Pennsylvania StIndianapolis, IN 46202
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Utomin Apartments
Studio to 2 Bedroom Apartments

Utomin Apartments

1112 N College AveIndianapolis, IN 46202
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Monon Lofts
1 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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Chelsea Manor
1 to 2 Bedroom Apartments

Chelsea Manor

1451 Central AveIndianapolis, IN 46202
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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

226 E 12th StIndianapolis, IN 46202
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St. James
Studio to 2 Bedroom Apartments

St. James

2102 N Meridian StIndianapolis, IN 46202
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Stonegate Apartments
Studio to 3 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Cheapest Available Kingpark Apartments for Rent

 

The cheapest available apartment rental in the Kingpark area of Indianapolis, IN is a Studio unit found at INDY FLATS priced from $655. 1733 N. Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Kingpark apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$655
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The WashingtonStudioStudio,1BA$800
Utomin Apartments1 Bedroom Sublevel1BR,1BA$900
St. JamesOne Bedroom - Sublevel1BR,1BA$940
Circle CityVD-StudioStudio,1BA$975
1010 CentralGarage 60%1BR,1BA$999
SpinkSpink 1B 5651BR,1BA$1,058
RaleighRaleigh 1B 6041BR,1BA$1,085

Best Value Apartments for Rent in Kingpark, IN

As of April 16, 2026 the best value apartment in the Kingpark area is the $1.55 price per square foot Van Dyke 1B 830 Model at Van Dyke in the in the Near North Indianapolis neighborhood starting from $1,290. The second greatest value Kingpark apartment is the 1BR Model at 1733 N. Meridian starting at $780 with a $1.04 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Kingpark apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Van DykeVan Dyke 1B 8301BR,1BA$1.55
1733 N. Meridian1BR1BR,1BA$1.04
WesmontOne Bedroom - Four on Six1BR,1BA$1.80
2131 NorthOne Bedroom1BR,1BA$1.65
1010 CentralBunker 60%1BR,1BA$1.53
Utomin Apartments1 Bedroom Sublevel1BR,1BA$1.37
RaleighRaleigh 1B 6041BR,1BA$1.80
St. JamesOne Bedroom - Sublevel1BR,1BA$1.57
SpinkSpink 1B 5651BR,1BA$1.87
INDY FLATSSherwood Std BStudio ,1BA$2.02

Frequently Asked Questions about Cheap Kingpark Apartments

What is a cheap apartment in Kingpark?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kingpark is under $1,085.

What is the price of a cheap apartment in Kingpark?

The cheapest apartment in Kingpark is 1733 N. Meridian which is listed at $780, while the average apartment in Kingpark costs $4,487.

What types of apartments are the cheapest in Kingpark?

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 42 regular apartments in Kingpark 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 Kingpark?

Cheap apartments in Kingpark have an average cost of $168 which is $4,319 cheaper than the average rent for all rentals in Kingpark.

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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