
Cheap Apartments for Rent in the Fall Creek Place Neighborhood of Indianapolis, IN from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fall Creek Place area of Indianapolis.

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The Parkview

Morton School Senior Apartments
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2241 N Scioto St
Fall Creek Place, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Fall Creek Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fall Creek Place Studio Apartments | $1,212 | $595 | $1,450 |
| Fall Creek Place 1 Bedroom Apartments | $1,430 | $750 | $2,168 |
| Fall Creek Place 2 Bedroom Apartments | $1,849 | $900 | $2,617 |
| Fall Creek Place 3 Bedroom Apartments | $2,357 | $1,399 | $3,499 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Fall Creek Place Neighborhood of Indianapolis, IN.
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Fall Creek Place, Indianapolis, IN Local Guide
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Cheapest Available Fall Creek Place Apartments for Rent
 The cheapest available apartment rental in the Fall Creek Place area of Indianapolis, IN is a 1 Bed unit found at St. James priced from $980. The Parkview has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here are the most affordable Fall Creek Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| St. James | One Bedroom - Sublevel | 1BR,1BA | $980 |
| The Parkview | 501 | 2BR,2BA | $1,100 |
| 2131 North | One Bedroom | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in Fall Creek Place, IN
As of December 09, 2025 the best value apartment in the Fall Creek Place area is the $1.61 price per square foot F Model at Townhomes at Fall Creek Place in the in the Near North Indianapolis neighborhood starting from $1,626. The second greatest value Fall Creek Place apartment is the 2147 North Pennsylvania Street Model at 2147 North Pennsylvania Street, Unit 2147 N Pennsylvania St. Unit B starting at $1,645 with a $1.73 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Fall Creek Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes at Fall Creek Place | F | 2BR,1BA | $1.61 |
| 2147 North Pennsylvania Street, Unit 2147 N Pennsylvania St. Unit B | 2147 North Pennsylvania Street | 2BR,1BA | $1.73 |
| The Parkview | 304 | 1BR,1BA | $1.46 |
| 2131 North | One Bedroom | 1BR,1BA | $1.65 |
| The Marott Apartments | Davis | 1BR,1BA | $2.18 |
| The Grounds | The Chaise | Studio ,1BA | $2.31 |
| The Delaware Apartments | Buttonwood | Studio ,1BA | $2.33 |
| St. James | One Bedroom - Sublevel | 1BR,1BA | $1.96 |
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
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleFall Creek Place, Indianapolis, IN
Ranked #148
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Fall Creek Place Neighborhood in Indianapolis, IN
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
75 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
51 / 100
Good Transit
Many 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 Fall Creek Place Apartments
What is the Cheapest Studio apartment in Fall Creek Place?
Currently the most affordable Cheap Studio Apartment in Fall Creek Place is at The Delaware Apartments listed at $1,300.
How much is rent for a Cheap One Bedroom Fall Creek Place Apartment?
The lowest price for a Cheap One Bedroom Fall Creek Place Apartment is $980 at St. James.
What is the lowest price for a Cheap Two Bedroom Fall Creek Place Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fall Creek Place is starting from $1,100 at The Parkview.
What is the most affordable Fall Creek Place Three Bedroom Apartment?
The best deal on a cheap Fall Creek Place Three Bedroom Apartment rental is at The Grounds and starts from $3,499.
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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
