Cheap Homes for Rent in Park Valley Estates Neighborhood of Indianapolis, IN from $1,500 (6 Rentals)

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

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Park Valley Estates, Indianapolis, IN Local Guide

Cheapest Available Park Valley Estates Apartments for Rent

 

The cheapest available apartment rental in the Park Valley Estates area of Indianapolis, IN is a 1 Bed unit found at Serenity Park Apartments priced from $769. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable Park Valley Estates apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
OlivewoodStudioStudio,1BA$780
Spanish OaksStudioStudio,1BA$799

Best Value Apartments for Rent in Park Valley Estates, IN

As of July 31, 2025 the best value apartment in the Park Valley Estates area is the $1.18 price per square foot 3 Bed 2 Bath Model at The Life at Belhaven Place in the in the Southeast Indianapolis neighborhood starting from $1,387. The second greatest value Park Valley Estates apartment is the The Prince Model at Country Lake Townhomes starting at $1,425 with a $1.40 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.
The Life at Belhaven Place3 Bed 2 Bath3BR,2BA$1.18
Country Lake TownhomesThe Prince2BR,1.5BA$1.40
Warren Harbor ApartmentsThe Walker2BR,2BA$1.37
CrosswindsEarhart2BR,1BA$1.43
Bristol Square1 Bedroom Loft1BR,1.5BA$1.06
Cumberland ManorCumberland Manor- Newly Renovated 1 bedroom 1 b...1BR,1BA$1.46
Lake Marina Apartments1 Bedroom Townhouse1BR,1BA$1.40
Parkhaven Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.52
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29
Spanish OaksStudioStudio ,1BA$1.57

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Frequently Asked Questions about Park Valley Estates

What type of rentals are currently available in Park Valley Estates?

There are currently 43 Apartments for Rent in Park Valley Estates, IN with pricing that ranges from $725 to $1,750. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Valley Estates ranging from $1,540 to $2,225.

What is the current price range for Rental Homes in Park Valley Estates?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Valley Estates ranges from $1,540 to $2,225 with an average monthly rent of $1,984.

How much are larger Three and Four Bedroom Rentals in Park Valley Estates?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Valley Estates range from $1,225 to $1,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,540 to $1,995. Four Bedroom Single-Family rentals are also available starting from $2,225 and Four Bedroom Apartments start at $1,426.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.