
Cheap Homes for Rent in Park Valley Estates Neighborhood of Indianapolis, IN from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Park Valley Estates area of Indianapolis.


1412 Wolf Ct
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

10331 Nassau Ln

2302 Herod Ct
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Park Valley Estates, Indianapolis, IN Local Guide

How much does it cost to rent a home in Park Valley Estates?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Valley Estates 2 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
| Park Valley Estates 3 Bedroom Homes for Rent | $1,641 | $1,390 | $1,870 |
| Park Valley Estates 4 Bedroom Homes for Rent | $2,218 | $2,155 | $2,340 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Park Valley Estates Neighborhood of Indianapolis, IN.
Explore Indianapolis
Best Value Apartments for Rent in Park Valley Estates, IN
As of April 10, 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 3 Bedroom 2 Bath Model at Spanish Oaks starting at $1,550 with a $1.49 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Knoll Ridge Townhomes | 4 Bed, 1.5 bath Townhome | 4BR,1.5BA | $1.28 |
| Spanish Oaks | 3 Bedroom 2 Bath | 3BR,2BA | $1.49 |
| Country Lake Townhomes | The Prince | 2BR,1.5BA | $1.35 |
| The Life at Belhaven Place | 2 Bed 2 Bath | 2BR,2BA | $1.25 |
| Teal Run Apartments | 2BR/1.0BA | 2BR,1BA | $1.33 |
| Stonehenge | Two Bed Two Bath with Master Bed | 2BR,2BA | $1.36 |
| Crosswinds | Earhart | 2BR,1BA | $1.28 |
| Bristol Square | 1 Bedroom Loft | 1BR,1.5BA | $1.13 |
| Cumberland Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.26 |
| Lake Marina Apartments | The Runabout | 1BR,1BA | $1.40 |
Frequently Asked Questions about Park Valley Estates
What type of rentals are currently available in Park Valley Estates?
There are currently 46 Apartments for Rent in Park Valley Estates, IN with pricing that ranges from $660 to $2,565. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Valley Estates ranging from $1,300 to $2,340.
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 $1,300 to $2,340 with an average monthly rent of $1,719.
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 $1,390 to $1,870. Four Bedroom Single-Family rentals are also available starting from $2,155 and Four Bedroom Apartments start at $1,585.
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

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.

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.

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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.