Cheap Apartments for Rent in the Indiana Park Neighborhood of Indianapolis, IN from $400 (6 Rentals)

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

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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

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 $699. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Indiana Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Pinnacle WestStudioStudio,1BA$699
The Boardwalk at Westlake Apartments and TownhomesStudio - 467 sqftStudio,1BA$725
Mariners VillageStudioStudio,1BA$755

Best Value Apartments for Rent in Indiana Park, IN

As of March 24, 2025 the best value apartment in the Indiana Park area is the $1.42 price per square foot Augusta (Fireplace) Model at Auburn Hills Apartments in the in the Garden City neighborhood starting from $1,420. The second greatest value Indiana Park apartment is the The Broadway Model at 10 West Apartments starting at $1,291 with a $1.31 price per square foot in the Speedway Wellhead 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.
Auburn Hills ApartmentsAugusta (Fireplace)2BR,2BA$1.42
10 West ApartmentsThe Broadway2BR,2BA$1.31
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Eagle Lake LandingThe Bay Breeze1BR,2BA$1.42
Westpark Townhomes1 Bed 1 Bath1BR,1.5BA$1.40
The HermitageThe Hermitage1BR,1BA$1.49
The Park at Greenhill2 Bedroom 1 Bath, 715 sf - Creek Side2BR,1BA$1.59
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.44
Mariners VillageStudioStudio ,1BA$1.25
Pinnacle WestStudioStudio ,1BA$1.27

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Pet Friendly Lifestyle
Indiana Park, Indianapolis, IN

Ranked #182

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 $699.

How much is rent for a Cheap One Bedroom Indiana Park Apartment?

The lowest price for a Cheap One Bedroom Indiana Park Apartment is $739 at Pinnacle West.

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 $964 at Mariners Village.

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 $1,264.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.