Cheap Homes for Rent in College Park Neighborhood of Indianapolis, IN from $1,600 (4 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

College Park, Indianapolis, IN Local Guide

Best Value Apartments for Rent in College Park, IN

As of November 11, 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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Quick 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.

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Pet Friendly Lifestyle
College Park, Indianapolis, IN

Ranked #79

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about College Park

What type of rentals are currently available in College Park?

There are currently 50 Apartments for Rent in College Park, IN with pricing that ranges from $699 to $3,399. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in College Park ranging from $1,650 to $2,100.

What is the current price range for Rental Homes in College Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in College Park ranges from $1,650 to $2,100 with an average monthly rent of $1,900.

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.