Cheap Apartments for Rent in the SE Indianapolis Hancock Neighborhood of New Palestine, IN from $1,000 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the SE Indianapolis Hancock area of New Palestine.
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.

Washington Village Apartments
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.
SE Indianapolis Hancock, New Palestine, IN Local Guide

How much does it cost to rent an apartment in SE Indianapolis Hancock?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
SE Indianapolis Hancock 1 Bedroom Apartments | $1,298 | $1,225 | $1,399 |
SE Indianapolis Hancock 2 Bedroom Apartments | $1,441 | $1,300 | $1,599 |
SE Indianapolis Hancock 3 Bedroom Apartments | $1,703 | $1,465 | $2,030 |
Explore New Palestine
SE Indianapolis Hancock, New Palestine, IN Local Guide
- Nearby New Palestine neighborhoods
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- School Districts
Best Value Apartments for Rent in SE Indianapolis Hancock, IN
As of June 01, 2025 the best value apartment in the SE Indianapolis Hancock area is the $1.18 price per square foot The Estate Model at Washington Village Apartments in the in the Southeast Indianapolis neighborhood starting from $1,410. The second greatest value SE Indianapolis Hancock apartment is the 1x1.5TH Model at Iron Trail starting at $1,399 with a $1.87 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for SE Indianapolis Hancock apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Washington Village Apartments | The Estate | 3BR,2BA | $1.18 |
Iron Trail | 1x1.5TH | 1BR,1.5BA | $1.87 |
Eastway Court Apartments | The Yellowstone | 2BR,1BA | $1.62 |
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.
Pet Friendly LifestyleSe Indianapolis Hancock, New Palestine, IN
Ranked #2
Among neighborhoods in New Palestine, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the SE Indianapolis Hancock Neighborhood in New Palestine, IN
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap SE Indianapolis Hancock Apartments
How much is rent for a Cheap One Bedroom SE Indianapolis Hancock Apartment?
The lowest price for a Cheap One Bedroom SE Indianapolis Hancock Apartment is $1,225 at Iron Trail.
What is the lowest price for a Cheap Two Bedroom SE Indianapolis Hancock Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in SE Indianapolis Hancock is starting from $1,014 at Eastway Court Apartments.
What is the most affordable SE Indianapolis Hancock Three Bedroom Apartment?
The best deal on a cheap SE Indianapolis Hancock Three Bedroom Apartment rental is at Washington Village Apartments and starts from $1,410.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.