Cheap Apartments for Rent in the Kingpark Neighborhood of Indianapolis, IN from $500 (69 Rentals)

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

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.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania 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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Traymore Apartments
Studio to 2 Bedroom Apartments

Traymore Apartments

1402 N Alabama StIndianapolis, IN 46202
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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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The Whitaker
1 to 2 Bedroom Apartments

The Whitaker

1504 N Pennsylvania StIndianapolis, 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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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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Stonegate Apartments
Studio to 3 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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Broadway Heights
2 Bedroom Apartments

Broadway Heights

1927 Broadway StIndianapolis, IN 46202
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Raleigh
Studio to 2 Bedroom Apartments

Raleigh

108 E 13th StIndianapolis, IN 46202
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PENN ARTS
1 to 2 Bedroom Apartments

PENN ARTS

111 E 16th StIndianapolis, IN 46202

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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 $705. The Sheldrake Apartments 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 ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$705
The Sheldrake ApartmentsStudio HybridStudio,1BA$705
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Parkview Apartments LLC1 Bedroom 1 Bath - 350881BR,1BA$865
Circle CityS8 Van DykeStudio,1BA$899
College Manor1 BR1BR,1BA$995
The Washington2 Bedroom2BR,1BA$1,025
SpinkSpink 1B 5651BR,1BA$1,058
RaleighRaleigh 1B 6041BR,1BA$1,085

Best Value Apartments for Rent in Kingpark, IN

As of July 16, 2026 the best value apartment in the Kingpark area is the $1.67 price per square foot Two Bedrooms, One Bathroom Model at Pavilion Place in the in the Near North Indianapolis neighborhood starting from $1,495. The second greatest value Kingpark apartment is the Van Dyke 1B 830 Model at Van Dyke starting at $1,290 with a $1.55 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.
Pavilion PlaceTwo Bedrooms, One Bathroom2BR,1BA$1.67
Van DykeVan Dyke 1B 8301BR,1BA$1.55
410 E 13th St, Unit B410 E 13th St1BR,1BA$1.62
Apollo & Aurora ApartmentsAlabama1BR,1BA$1.69
1733 N. Meridian1BR1BR,1BA$1.04
1010 CentralDepot 60%1BR,1BA$1.45
The Washington2 Bedroom2BR,1BA$1.47
College Manor1 BR1BR,1BA$1.49
Parkview Apartments LLC0 Bedroom 1 Bath - 35087Studio ,1BA$1.56
The Sheldrake ApartmentsStudio HybridStudio ,1BA$1.55

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 $7,022.

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 33 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 $178 which is $6,844 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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