Cheap Homes for Rent in Fall Creek Place Neighborhood of Indianapolis, IN from $1,400 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Fall Creek Place area of Indianapolis.

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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 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 ListingModel NameBed/BathPriced From
The Sheldrake ApartmentsStudio HybridStudio,1BA$700
St. JamesOne Bedroom1BR,1BA$980
The Parkview5012BR,2BA$1,100
The Marott ApartmentsHoover1BR,1BA$1,250
The GroundsThe Luxe1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2131 NorthTwo Bed Two Bath2BR,2BA$1.33
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
2147 North Pennsylvania Street, Unit 2147 N Pennsylvania St. Unit B2147 North Pennsylvania Street2BR,1BA$1.73
The Parkview3041BR,1BA$1.46
St. JamesOne Bedroom1BR,1BA$1.40
The Marott ApartmentsDavis1BR,1BA$2.18
The GroundsThe Taffeta1BR,1BA$2.35
The Delaware ApartmentsSpruceStudio ,1BA$2.40
The Sheldrake ApartmentsStudio HybridStudio ,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

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

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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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

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.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.

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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.

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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!