Cheap Apartments for Rent in the College Park Neighborhood of Indianapolis, IN from $400 (21 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268

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.

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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
  • Smoke Free

College Park, Indianapolis, IN Local Guide

Cheapest Available College Park Apartments for Rent

 

The cheapest available apartment rental in the College Park area of Indianapolis, IN is a 1 Bed unit found at Westbury Court priced from $745. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable College Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Westbury CourtStandard One Bedroom (SN3M)1BR,1BA$745
Carlton ApartmentsVilla1BR,1BA$785
Grove on Harcourt3 Bed 2 Bath Apartment - Upgraded3BR,2BA$798
Turtle CreekStudioStudio,1BA$817
The Meridian North and SouthA2S South1BR,1BA$829

Best Value Apartments for Rent in College Park, IN

As of June 23, 2025 the best value apartment in the College Park area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value College Park apartment is the 2 Bed 2.5 Bath Apartment - Upgraded Model at Grove on 79th starting at $1,280 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for College Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Grove on 79th2 Bed 2.5 Bath Apartment - Upgraded2BR,2.5BA$1.07
The Manning Apartment Homes3 Bedroom 2 Bath3BR,2BA$1.43
North Willow2 Bed/1 Bath-Dn2BR,1BA$1.28
Willow Lake ApartmentsMeridian1BR,1.5BA$1.45
The JamesonTuscany2BR,2BA$1.30
WoodlakeTwo Bedroom Apartment Large2BR,1BA$1.44
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.39
Grove on Harcourt1 Bed 1.5 Bath Large Apartment1BR,1.5BA$1.22
Westbury CourtStandard One Bedroom (SN3M)1BR,1BA$1.29

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Pet Friendly Lifestyle
College Park, Indianapolis, IN

Ranked #84

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the College Park Neighborhood in Indianapolis, IN

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap College Park Apartments

What is a cheap apartment in College Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in College Park is under $1,050.

What is the price of a cheap apartment in College Park?

The cheapest apartment in College Park is Westbury Court which is listed at $745, while the average apartment in College Park costs $2,207.

What types of apartments are the cheapest in College 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 12 regular apartments in College Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in College Park?

Cheap apartments in College Park have an average cost of $142 which is $2,065 cheaper than the average rent for all rentals in College Park.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.