
Cheap Apartments for Rent in the Kingpark Neighborhood of Indianapolis, IN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kingpark area of Indianapolis.


2846-2846 Dr Andrew J Brown Ave

INDY FLATS

St. Agnes Apartments

The Whitaker

Priscilla on Pennsylvania

2029 N College Ave

125 E 17th 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.

2029 N College Ave

2914 Winthrop Ave

358 W 26th St

Circle City Apartments

Traymore Apartments

St. James

1010 Central

Utomin 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.

College Manor

The Parkview

306 E 19th St

2617 Shriver Ave

The Washington

16 Park Apartments

INDY INDIE ARTIST COLONY

Northside Flats Apartments
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.

Windsor

Barbee

The Jordan

PICCADILLY

The Harrison

The Marleigh

1733 N. Meridian

Madison Apartments
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.

Victoria Apartments

Monon Lofts

Chelsea Manor

Stonegate Apartments

Broadway Heights

Raleigh

PENN ARTS

Van Dyke
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.

Maryden on Central

Spink

Apollo & Aurora Apartments

Morton School Senior Apartments
Kingpark, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Kingpark?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kingpark Studio Apartments | $1,023 | $595 | $1,450 |
| Kingpark 1 Bedroom Apartments | $1,293 | $700 | $2,168 |
| Kingpark 2 Bedroom Apartments | $1,721 | $900 | $2,617 |
| Kingpark 3 Bedroom Apartments | $2,108 | $900 | $3,499 |
| Kingpark 4 Bedroom Apartments | $2,330 | $2,330 | $2,330 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 1 mile radius of the Kingpark Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Cheapest Available Kingpark Apartments for Rent
 The cheapest available apartment rental in the Kingpark area of Indianapolis, IN is a Studio unit found at The Sheldrake Apartments priced from $700. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here are the most affordable Kingpark apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Sheldrake Apartments | Studio Hybrid | Studio,1BA | $700 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| St. Agnes Apartments | 5th Floor Studio Large | Studio,1BA | $785 |
| Madison Apartments | One bedroom | 1BR,1BA | $795 |
| The Whitaker | One Bedroom | 1BR,1BA | $895 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $899 |
| Traymore Apartments | One Bedroom | 1BR,1BA | $925 |
| 1010 Central | Loft 50% | 1BR,1BA | $956 |
| Utomin Apartments | 2 Bedroom | 2BR,1BA | $975 |
| St. James | One Bedroom | 1BR,1BA | $980 |
Best Value Apartments for Rent in Kingpark, IN
As of January 11, 2026 the best value apartment in the Kingpark area is the $0.87 price per square foot 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A in the in the Martindale neighborhood starting from $1,300. The second greatest value Kingpark apartment is the Two Bed Two Bath Model at 2131 North starting at $1,525 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2322 Guilford Ave, Unit A | 2322 Guilford Ave | 3BR,1BA | $0.87 |
| 2131 North | Two Bed Two Bath | 2BR,2BA | $1.33 |
| Pavillion | Two Bedrooms, One Bathroom | 2BR,1BA | $1.41 |
| The Parkview | 304 | 1BR,1BA | $1.46 |
| Madison Apartments | Two bedroom | 2BR,1BA | $1.40 |
| St. James | One Bedroom | 1BR,1BA | $1.40 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| College Manor | 1 BR | 1BR,1BA | $1.48 |
| Utomin Apartments | 2 Bedroom | 2BR,1BA | $1.50 |
| The Whitaker | One Bedroom | 1BR,1BA | $1.49 |
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 $980.
What is the price of a cheap apartment in Kingpark?
The cheapest apartment in Kingpark is Madison Apartments which is listed at $795, while the average apartment in Kingpark costs $2,330.
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 66 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 $259 which is $2,071 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.
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.
Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!