Cheap Homes for Rent in the Wellington Park Heights Neighborhood of Indianapolis, IN from $900 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Wellington Park Heights 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.

property at 5169 Caroline Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

5169 Caroline Ave

IndianapolisIN46205

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.

Wellington Park Heights, Indianapolis, IN Local Guide

Cheapest Available Wellington Park Heights Apartments for Rent

 

The cheapest available apartment rental in the Wellington Park Heights area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $665. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Wellington Park Heights apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$665
The Meridian North and SouthA7S South1BR,1BA$769
Monon Walk ApartmentsStudioStudio,1BA$810

Best Value Apartments for Rent in Wellington Park Heights, IN

As of July 15, 2026 the best value apartment in the Wellington Park Heights area is the $1.44 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,450. The second greatest value Wellington Park Heights apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Wellington Park Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.44
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
Jade North ApartmentsPlan H2BR,1.5BA$1.10
Meridian Lakes2Bed/1Ba-Dn (F)2BR,1BA$1.40
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.31
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
WoodlakeOne Bedroom Apartment1BR,1BA$1.36
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon Walk ApartmentsStudioStudio ,1BA$1.35

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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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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Real 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.

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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
Wellington Park Heights, Indianapolis, IN

Ranked #114

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Wellington Park Heights

What type of rentals are currently available in Wellington Park Heights?

There are currently 70 Apartments for Rent in Wellington Park Heights, IN with pricing that ranges from $649 to $5,283. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wellington Park Heights ranging from $949 to $3,295.

What is the current price range for Rental Homes in Wellington Park Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wellington Park Heights ranges from $949 to $3,295 with an average monthly rent of $1,939.

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

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.

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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

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.

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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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.