Cheap Apartments for Rent in the Grace Tuxedo Park Neighborhood of Indianapolis, IN from $300 (17 Rentals)

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

property at 8 N Butler Ave

8 N Butler Ave

IndianapolisIN46219
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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Butler Place
Studio to 1 Bedroom Apartments

Butler Place

5230 E Washington StIndianapolis, IN 46219

Grace Tuxedo Park - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Grace Tuxedo Park, Indianapolis, IN Local Guide

Cheapest Available Grace Tuxedo Park Apartments for Rent

 

The cheapest available apartment rental in the Grace Tuxedo Park area of Indianapolis, IN is a 2 Beds unit found at Vistas Apartments priced from $849. Courts Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $890. Here are the most affordable Grace Tuxedo Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Vistas Apartments2 Bedroom 1.5 Bath Townhouse2BR,1BA$849
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$890
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
Minnie Hartmann CenterThe Lillie 50%2BR,1BA$1,092
School 85Schoolhouse Flats in Irvington 1 bedroom Reserv...1BR,1BA$1,159

Best Value Apartments for Rent in Grace Tuxedo Park, IN

As of April 17, 2025 the best value apartment in the Grace Tuxedo Park area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Grace Tuxedo Park apartment is the 2 Bedroom 1 Bath Apartment Model at Vistas Apartments starting at $962 with a $1.12 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Grace Tuxedo Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.12
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.37
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.14
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60

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Pet Friendly Lifestyle
Grace Tuxedo Park, Indianapolis, IN

Ranked #229

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Grace Tuxedo Park Neighborhood in Indianapolis, IN

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Grace Tuxedo Park Apartments

What is the price of a cheap apartment in Grace Tuxedo Park?

The cheapest apartment in Grace Tuxedo Park is Historic Irvington Flats which is listed at $1,039, while the average apartment in Grace Tuxedo Park costs $1,017.

What types of apartments are the cheapest in Grace Tuxedo 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 10 regular apartments in Grace Tuxedo Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.