Cheap Apartments for Rent in the Park Valley Estates Neighborhood of Indianapolis, IN from $500 (16 Rentals)

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

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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
  • Utilities Included
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Atrium Village
2 Bedroom Apartments

Atrium Village

2636 N Mitthoeffer RdIndianapolis, IN 46229

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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Braeburn Village
1 to 4 Bedroom Apartments

Braeburn Village

2170 Braeburn East DrIndianapolis, IN 46219
  • Utilities Included
Showing Results 1-16, Page 1 of 1

Cheapest Available Park Valley Estates Apartments for Rent

 

The cheapest available apartment rental in the Park Valley Estates area of Indianapolis, IN is a Studio unit found at Olivewood priced from $699. Spanish Oaks has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Park Valley Estates apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
OlivewoodStudioStudio,1BA$699
Spanish OaksStudioStudio,1BA$749
StonehengeStudioStudio,1BA$749
Serenity Park ApartmentsSerenity Park - Cozy, Convenient, and Priced Ri...1BR,1BA$769
Bristol Square1 Bedroom Loft1BR,1BA$860

Best Value Apartments for Rent in Park Valley Estates, IN

As of January 02, 2026 the best value apartment in the Park Valley Estates area is the $0.99 price per square foot 233 Legends Creek Pl Model at 233 Legends Creek Pl, Unit 102 in the in the Southeast Indianapolis neighborhood starting from $1,550. The second greatest value Park Valley Estates apartment is the The Prince Model at Country Lake Townhomes starting at $1,375 with a $1.35 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Park Valley Estates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
233 Legends Creek Pl, Unit 102233 Legends Creek Pl3BR,2BA$0.99
Country Lake TownhomesThe Prince2BR,1.5BA$1.35
Knoll Ridge Townhomes & Apartments2 Bedroom Deluxe2BR,1BA$1.47
Warren Harbor ApartmentsThe Luxor2BR,2BA$1.32
CrosswindsEarhart2BR,1BA$1.46
Bristol Square1 Bedroom Loft1BR,1.5BA$1.06
Cumberland Manor2 Bedroom 1 Bath2BR,1BA$1.30
The Life at Belhaven Place1 Bed 1 Bath1BR,1BA$1.46
Lake Marina ApartmentsThe Runabout1BR,1BA$1.40
Serenity Park ApartmentsSerenity Park - Cozy, Convenient, and Priced Ri...1BR,1BA$1.29

Frequently Asked Questions about Cheap Park Valley Estates Apartments

What is a cheap apartment in Park Valley Estates?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Valley Estates is under $989.

What is the price of a cheap apartment in Park Valley Estates?

The cheapest apartment in Park Valley Estates is Serenity Park Apartments which is listed at $769, while the average apartment in Park Valley Estates costs $1,800.

What types of apartments are the cheapest in Park Valley Estates?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Park Valley Estates that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Park Valley Estates?

Cheap apartments in Park Valley Estates have an average cost of $112 which is $1,688 cheaper than the average rent for all rentals in Park Valley Estates.

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

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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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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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