Cheap Apartments for Rent in the Warren Park Neighborhood of Indianapolis, IN from $400 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Warren Park 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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Indy 7925
Rent Specials
$1,063 - $1,785
Total Monthly Price

Total Monthly Price

Base Rent
$1,063 - $1,785
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Indy 7925

7925 Palawan DrIndianapolis, IN 46239
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219
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D&T Nest
Studio to 2 Bedroom Apartments

D&T Nest

5824 E Washington StIndianapolis, IN 46219

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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Saxony Court
1 to 2 Bedroom Apartments

Saxony Court

29-49 S Audubon RdIndianapolis, IN 46219
  • Utilities Included
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Abbey Meadows
2 Bedroom Apartments

Abbey Meadows

259 N Shortridge RdIndianapolis, IN 46219
  • Utilities Included

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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Showing Results 1-32, Page 1 of 1

Warren Park, Indianapolis, IN Local Guide

Cheapest Available Warren Park Apartments for Rent

 

The cheapest available apartment rental in the Warren Park area of Indianapolis, IN is a 1 Bed unit found at Serenity Manor 55+ Independent Active Living priced from $699. The Courts Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. Here are the most affordable Warren Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Independent Active Living1 Bedroom/1 Bathroom1BR,1BA$699
The Courts Apartment Homes1x1 Classic1BR,1BA$839
English Village ApartmentsClassic One Bedroom Apartment Home1BR,1BA$850
Colonial Park1 Bed, 1 bath1BR,1BA$850
Saxony Court1BD - New Floors1BR,1BA$869
StonehengeStudioStudio,1BA$874
Indy Town ApartmentsFrederick Square 2 bedroom2BR,1BA$895
Frederick SquareFrederick Square 2 bedroom2BR,1BA$895
The Vistas Apartment Homes2x1 Classic2BR,1BA$919
Warren Harbor ApartmentsThe York1BR,1BA$925

Best Value Apartments for Rent in Warren Park, IN

As of April 28, 2026 the best value apartment in the Warren Park area is the $1.08 price per square foot The Mansion - Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,449. The second greatest value Warren Park apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Warren Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paragon ParkThe Mansion - Three Bedroom Two Bath3BR,2BA$1.08
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
5028 E New York St, Unit 50285028 E New York St2BR,1BA$1.00
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.96
Indy Town ApartmentsFrederick Square 2 bedroom2BR,1BA$0.92
Warren Harbor ApartmentsThe Luxor2BR,2BA$1.32
The Vistas Apartment Homes2x1,5 Townhome Classic2BR,1.5BA$1.10
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.01
Wyndham Hall1 Bedroom1BR,1BA$1.40
Serenity Manor 55+ Independent Active LivingStudioStudio ,1BA$1.19

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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

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.

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Pet Friendly Lifestyle
Warren Park, Indianapolis, IN

Ranked #183

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 Warren Park Apartments

What is a cheap apartment in Warren Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Warren Park is under $925.

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

The cheapest apartment in Warren Park is Serenity Manor 55+ Independent Active Living which is listed at $699, while the average apartment in Warren Park costs $1,775.

What types of apartments are the cheapest in Warren 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 18 regular apartments in Warren 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 Warren Park?

Cheap apartments in Warren Park have an average cost of $245 which is $1,530 cheaper than the average rent for all rentals in Warren Park.

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

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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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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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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.

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Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.