Cheap Apartments for Rent in the Indiana Park Neighborhood of Indianapolis, IN from $400 (5 Rentals)

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

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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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$780
Mariners VillageStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.48
The Maywood at SpeedwayThe Monroe Townhome2BR,1.5BA$1.39
10 West ApartmentsThe Broadway2BR,2BA$1.31
Eagle Lake LandingThe Sand Piper2BR,2BA$1.46
Carriage House WestThe Addison2BR,1BA$1.50
The HermitageThe Retreat1BR,1BA$1.56
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$1.33
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.38
Mariners VillageStudioStudio ,1BA$1.39
Pinnacle WestStudioStudio ,1BA$1.38

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Pet Friendly Lifestyle
Indiana Park, Indianapolis, IN

Ranked #179

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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.

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

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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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.

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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.