Cheap Apartments for Rent in the Park Valley Estates Neighborhood of Indianapolis, IN from $500 (33 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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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Elmtree Park
Studio to 2 Bedroom Apartments

Elmtree Park

11023 Elmtree Park DrIndianapolis, IN 46229

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Atrium Village
2 Bedroom Apartments

Atrium Village

2636 N Mitthoeffer RdIndianapolis, IN 46229
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Freeman Apartments
1 to 2 Bedroom Apartments

Freeman Apartments

9117 Briergate CtIndianapolis, IN 46229
  • Utilities Included
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The Haciendas
1 to 3 Bedroom Apartments

The Haciendas

3816 Trilbey DrIndianapolis, IN 46235
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Braeburn Village
1 to 4 Bedroom Apartments

Braeburn Village

2170 Braeburn East DrIndianapolis, IN 46219

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Showing Results 1-33, 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 Elmtree Park priced from $700. Willowood East has the second lowest priced unit, which is a Studio apartment currently listed from $760. Here are the most affordable Park Valley Estates apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Elmtree ParkStudio 1 BathStudio,1BA$700
Willowood EastStudioStudio,1BA$760
Spanish OaksStudioStudio,1BA$775
Muessing Apartments1 Beds, 1 Baths1BR,1BA$800
OlivewoodStudioStudio,1BA$800
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850
StonehengeStudioStudio,1BA$859
Bavarian Village ApartmentsThe Challis 1 BR 1 BA1BR,1BA$867
Lake Marina ApartmentsThe Runabout1BR,1BA$899
Parkhaven ApartmentsWaitlist - 1 Bedroom 1 Bath Apartment1BR,1BA$899

Best Value Apartments for Rent in Park Valley Estates, IN

As of June 06, 2026 the best value apartment in the Park Valley Estates area is the $1.28 price per square foot 4 Bed, 1.5 bath Townhome Model at Knoll Ridge Townhomes in the in the Southeast Indianapolis neighborhood starting from $1,600. 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.
Knoll Ridge Townhomes4 Bed, 1.5 bath Townhome4BR,1.5BA$1.28
Country Lake TownhomesThe Prince2BR,1.5BA$1.35
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
Teal Run Apartments2BR/1.0BA2BR,1BA$1.38
CrosswindsEarhart2BR,1BA$1.40
Serenity Park ApartmentsNOW LEASING – NEW MANAGEMENT – APARTMENTS GOING...2BR,1BA$1.16
Cumberland Manor2 Bedroom 1 Bath2BR,1BA$1.20
Warren Harbor ApartmentsThe York1BR,1BA$1.34
Muessing Apartments1 Beds, 1 Baths1BR,1BA$1.21
Lake Marina ApartmentsThe Runabout1BR,1BA$1.40

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 $899.

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

The cheapest apartment in Park Valley Estates is Muessing Apartments which is listed at $800, while the average apartment in Park Valley Estates costs $1,700.

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 3 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 $140 which is $1,560 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.

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