
Cheap Apartments for Rent in the College Park Neighborhood of Indianapolis, IN from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the College Park area of Indianapolis.


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The Meridian North and South

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Dogwood Glen

Westbury Court

Carlton Apartments

Slate Run Lofts and Apartments

Reflections Apartments
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Turtle Creek

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The Elliott at College Park Apartment Homes

Landmark

The Grove on 79th

Summerwood on Towne Line Apartments

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Avia Lofts at Founders Road

The Grove on Harcourt
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The Eclipse Apartment Homes

The Towers at Crooked Creek Senior Housing

Total Monthly Price
Lakeshore Reserve Off 86th Apartments and Townhomes

The Manning Apartment Homes

Woodlake

Oak Lake at Crooked Creek

Total Monthly Price
The Retreat Northwest
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The Villages of Bent Tree Apartments

Hampshire Court

The Meridian North

Pickwick Farms Apartments

College Park Apartments

Slate Run Lofts

The Jameson
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College Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in College Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| College Park Studio Apartments | $916 | $699 | $1,710 |
| College Park 1 Bedroom Apartments | $1,295 | $709 | $2,215 |
| College Park 2 Bedroom Apartments | $1,625 | $819 | $2,609 |
| College Park 3 Bedroom Apartments | $1,908 | $1,144 | $3,324 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the College Park Neighborhood of Indianapolis, IN.
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College Park, Indianapolis, IN Local Guide
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Cheapest Available College Park Apartments for Rent
 The cheapest available apartment rental in the College Park area of Indianapolis, IN is a Studio unit found at King's Reserve College Park 55+ Active Living priced from $699. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $764. Here are the most affordable College Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $699 |
| The Meridian North and South | A1S South | 1BR,1BA | $764 |
| Westbury Court | Standard One Bedroom (SN3) | 1BR,1BA | $786 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
| Slate Run Lofts and Apartments | Studio-Apts | Studio,1BA | $800 |
| Reflections Apartments | Expressions | Studio,1BA | $824 |
| Turtle Creek | Studio | Studio,1BA | $859 |
| Landmark | Ranier | Studio,1BA | $870 |
| The Grove on 79th | 1x1 Classic | 1BR,1BA | $899 |
| Summerwood on Towne Line Apartments | Poplar | 1BR,1BA | $950 |
Best Value Apartments for Rent in College Park, IN
As of February 25, 2026 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/1 Ba w/FP-Up Model at North Willow starting at $1,404 with a $1.23 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| North Willow | 2 Bed/1 Ba w/FP-Up | 2BR,1BA | $1.23 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.38 |
| Crooked Creek | The Sage | 2BR,1.5BA | $1.46 |
| The Grove on Harcourt | 1x1,5 Renovated | 1BR,1.5BA | $1.23 |
| The Elliott at College Park Apartment Homes | One Bedroom | 1BR,1BA | $1.48 |
| Summerwood on Towne Line Apartments | Willow | 1BR,1BA | $1.43 |
| The Retreat Northwest | 1 Bedroom 1 Bathroom 753 Sq. Ft. | 1BR,1BA | $1.42 |
| Woodlake | One Bedroom Apartment | 1BR,1BA | $1.48 |
| The Grove on 79th | 1x1 Classic | 1BR,1BA | $1.39 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleCollege Park, Indianapolis, IN
Ranked #68
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $950.
What is the price of a cheap apartment in College Park?
The cheapest apartment in College Park is The Meridian North and South which is listed at $764, while the average apartment in College Park costs $1,745.
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 57 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 $169 which is $1,576 cheaper than the average rent for all rentals in College Park.
Expert Rental Resources
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.
Helpful Local Expert Guides

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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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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
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