
Cheap Homes for Rent in Fall Creek Place Neighborhood of Indianapolis, IN from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Fall Creek Place area of Indianapolis.


2845 N Talbott St

2645 N College Ave

2645 N College Ave

Huge 3 Bedroom in Herron-Morton
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.

2133 N Talbott St

2147 N Pennsylvania St

2801 N Talbott St

2809 N Talbott St

2359 Central Ave
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.

2805 N Talbott St
Fall Creek Place, Indianapolis, IN Local Guide

How much does it cost to rent a home in Fall Creek Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fall Creek Place 2 Bedroom Homes for Rent | $1,722 | $1,645 | $1,800 |
| Fall Creek Place 3 Bedroom Homes for Rent | $1,997 | $1,425 | $2,950 |
| Fall Creek Place 4 Bedroom Homes for Rent | $2,761 | $2,295 | $3,250 |
| Fall Creek Place 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Fall Creek Place Neighborhood of Indianapolis, IN.
Explore Indianapolis
Cheapest Available Fall Creek Place Apartments for Rent
 The cheapest available apartment rental in the Fall Creek Place area of Indianapolis, IN is a Studio unit found at The Sheldrake Apartments priced from $700. St. James has the second lowest priced unit, which is a 1 Bed apartment currently listed from $980. Here are the most affordable Fall Creek Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Sheldrake Apartments | Studio Hybrid | Studio,1BA | $700 |
| St. James | One Bedroom | 1BR,1BA | $980 |
| The Parkview | 501 | 2BR,2BA | $1,100 |
| The Marott Apartments | Hoover | 1BR,1BA | $1,250 |
| The Grounds | The Luxe | 1BR,1BA | $1,299 |
Best Value Apartments for Rent in Fall Creek Place, IN
As of January 12, 2026 the best value apartment in the Fall Creek Place area is the $1.33 price per square foot Two Bed Two Bath Model at 2131 North in the in the Near North Indianapolis neighborhood starting from $1,525. The second greatest value Fall Creek Place apartment is the F Model at Townhomes at Fall Creek Place starting at $1,626 with a $1.61 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. |
|---|---|---|---|
| 2131 North | Two Bed Two Bath | 2BR,2BA | $1.33 |
| 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 |
| St. James | One Bedroom | 1BR,1BA | $1.40 |
| The Marott Apartments | Davis | 1BR,1BA | $2.18 |
| The Grounds | The Taffeta | 1BR,1BA | $2.35 |
| The Delaware Apartments | Spruce | Studio ,1BA | $2.40 |
| The Sheldrake Apartments | Studio Hybrid | Studio ,1BA | $1.54 |
Frequently Asked Questions about Fall Creek Place
What type of rentals are currently available in Fall Creek Place?
There are currently 43 Apartments for Rent in Fall Creek Place, IN with pricing that ranges from $595 to $3,499. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fall Creek Place ranging from $1,425 to $3,250.
What is the current price range for Rental Homes in Fall Creek Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fall Creek Place ranges from $1,425 to $3,250 with an average monthly rent of $2,236.
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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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Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
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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
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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
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Everything is a negotiation in real estate!