Cheap Apartments for Rent in the College Park Neighborhood of Indianapolis, IN from $500 (30 Rentals)

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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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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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260
Showing Results 1-30, Page 1 of 1

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 The Meridian North and South priced from $794. Slate Run Lofts and Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable College Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA1S North1BR,1BA$794
Slate Run Lofts and ApartmentsStudio-AptsStudio,1BA$850
Turtle CreekStudioStudio,1BA$859
Reflections ApartmentsReplicaStudio,1BA$874
The Eclipse Apartment HomesThe Luna I1BR,1BA$899
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$913
LandmarkRanierStudio,1BA$925
The Grove on Harcourt1 Bed 1.5 Bath Apartment1BR,1BA$979
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,008
Chelsea VillageOne Bedroom Apartment1BR,1BA$1,016

Best Value Apartments for Rent in College Park, IN

As of November 12, 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 - Renovated Model at The Grove on 79th starting at $1,249 with a $1.04 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
The Grove on 79th2 Bed 2.5 Bath Apartment - Renovated2BR,2.5BA$1.04
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.30
Willow Lake ApartmentsKeystone1BR,1BA$1.43
Chelsea VillageTwo Bedroom Townhome2BR,1.5BA$1.51
Westbury CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.07
The Retreat Northwest1 Bedroom 1.5 Bathroom 942 Sq. Ft.1BR,1.5BA$1.16
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Reno1BR,1.5BA$1.15
The Eclipse Apartment HomesThe Phoenix - Premier1BR,1.5BA$1.44
The Meridian North and SouthA2R North1BR,1BA$1.35

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your 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

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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.

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Pet Friendly Lifestyle
College Park, Indianapolis, IN

Ranked #76

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap College Park Apartments

What is the Cheapest Studio apartment in College Park?

Currently the most affordable Cheap Studio Apartment in College Park is at Reflections Apartments listed at $844.

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

The lowest price for a Cheap One Bedroom College Park Apartment is $794 at The Meridian North and South.

What is the lowest price for a Cheap Two Bedroom College Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in College Park is starting from $819 at The Meridian North and South.

What is the most affordable College Park Three Bedroom Apartment?

The best deal on a cheap College Park Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,209.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.