Cheap Homes for Rent in Park Valley Estates Neighborhood of Indianapolis, IN from $1,100 (24 Rentals)

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

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2322 Shoemaker Ct

2322 Shoemaker Ct

IndianapolisIN46229
Showing Results 1-24, Page 1 of 1

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. Spanish Oaks has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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
Spanish OaksStudioStudio,1BA$799
StonehengeStudioStudio,1BA$824
OlivewoodStudioStudio,1BA$825
Lake Marina Apartments1 Bedroom Townhouse1BR,1BA$899

Best Value Apartments for Rent in Park Valley Estates, IN

As of June 24, 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 Wright Model at Crosswinds starting at $1,435 with a $1.33 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
CrosswindsWright3BR,1.5BA$1.33
Country Lake TownhomesThe Prince2BR,1.5BA$1.40
Knoll Ridge Townhomes & Apartments2 Bedroom Deluxe2BR,1BA$1.47
Warren Harbor ApartmentsThe Walker2BR,2BA$1.42
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
Freeman Apartments LLCThe Coltrane1BR,1BA$1.60
Spanish OaksStudioStudio ,1BA$1.57

Quick Rent Budget Calculator

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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 23 Apartments for Rent in Park Valley Estates, IN with pricing that ranges from $325 to $2,415. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Valley Estates ranging from $1,120 to $2,300.

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 $1,120 to $2,300 with an average monthly rent of $1,754.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.