
Cheap Apartments for Rent in the Indiana Park Neighborhood of Indianapolis, IN from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Indiana Park area of Indianapolis.


The Boardwalk at Westlake Apartments and Townhomes
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.
Indiana 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!
Indiana Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indiana Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Indiana Park Studio Apartments | $1,128 | $759 | $1,863 |
Indiana Park 1 Bedroom Apartments | $1,259 | $825 | $2,311 |
Indiana Park 2 Bedroom Apartments | $1,509 | $876 | $3,034 |
Indiana Park 3 Bedroom Apartments | $1,799 | $1,184 | $3,587 |
Indiana Park 4 Bedroom Apartments | $1,726 | $1,677 | $1,777 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Indiana Park Neighborhood of Indianapolis, IN.
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Indiana Park, Indianapolis, IN Local Guide
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Cheapest Available Indiana Park Apartments for Rent
 The cheapest available apartment rental in the Indiana Park area of Indianapolis, IN is a Studio unit found at Pinnacle West priced from $759. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable Indiana Park apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinnacle West | Studio | Studio,1BA | $759 |
The Boardwalk at Westlake Apartments and Townhomes | Studio - 441 sqft | Studio,1BA | $780 |
Mariners Village | Studio | Studio,1BA | $838 |
Best Value Apartments for Rent in Indiana Park, IN
As of April 30, 2025 the best value apartment in the Indiana Park area is the $1.48 price per square foot Three Bedroom Townhome Model at Ashton Pointe in the in the West Wayne neighborhood starting from $1,646. The second greatest value Indiana Park apartment is the The Monroe Townhome Model at The Maywood at Speedway starting at $1,450 with a $1.39 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Indiana Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ashton Pointe | Three Bedroom Townhome | 3BR,1.5BA | $1.48 |
The Maywood at Speedway | The Monroe Townhome | 2BR,1.5BA | $1.39 |
10 West Apartments | The Broadway | 2BR,2BA | $1.31 |
Eagle Lake Landing | The Sand Piper | 2BR,2BA | $1.46 |
Carriage House West | The Addison | 2BR,1BA | $1.50 |
The Hermitage | The Retreat | 1BR,1BA | $1.56 |
The Park at Greenhill | 1 Bedroom, 1 Bath 654 SF - Creek Side | 1BR,1BA | $1.33 |
Hills Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.38 |
Mariners Village | Studio | Studio ,1BA | $1.39 |
Pinnacle West | Studio | Studio ,1BA | $1.38 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleIndiana Park, Indianapolis, IN
Ranked #179
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Indiana Park, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Indiana Park Apartments
What is the Cheapest Studio apartment in Indiana Park?
Currently the most affordable Cheap Studio Apartment in Indiana Park is at Pinnacle West listed at $759.
How much is rent for a Cheap One Bedroom Indiana Park Apartment?
The lowest price for a Cheap One Bedroom Indiana Park Apartment is $825 at The Boardwalk at Westlake Apartments and Townhomes.
What is the lowest price for a Cheap Two Bedroom Indiana Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indiana Park is starting from $876 at Hills Apartments.
What is the most affordable Indiana Park Three Bedroom Apartment?
The best deal on a cheap Indiana Park Three Bedroom Apartment rental is at Hills Apartments and starts from $1,184.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.