
Cheap Homes for Rent in Park Valley Estates Neighborhood of Indianapolis, IN from $900 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Park Valley Estates area of Indianapolis.

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.

10231 Bayton Ct
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.
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 | $1,600 | $1,600 | $1,600 |
| Park Valley Estates 3 Bedroom Homes for Rent | $1,599 | $950 | $1,945 |
| Park Valley Estates 4 Bedroom Homes for Rent | $1,832 | $1,695 | $2,065 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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 January 03, 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 Three Bedroom Model at The Haciendas starting at $1,493 with a $1.41 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. |
|---|---|---|---|
| 233 Legends Creek Pl, Unit 102 | 233 Legends Creek Pl | 3BR,2BA | $0.99 |
| The Haciendas | Three Bedroom | 3BR,2BA | $1.41 |
| Country Lake Townhomes | The Prince | 2BR,1.5BA | $1.35 |
| Warren Harbor Apartments | The Luxor | 2BR,2BA | $1.32 |
| Crosswinds | Earhart | 2BR,1BA | $1.46 |
| Bristol Square | 1 Bedroom Loft | 1BR,1.5BA | $1.06 |
| Cumberland Manor | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| The Life at Belhaven Place | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| Lake Marina Apartments | The Runabout | 1BR,1BA | $1.40 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $1.29 |
Frequently Asked Questions about Park Valley Estates
What type of rentals are currently available in Park Valley Estates?
There are currently 45 Apartments for Rent in Park Valley Estates, IN with pricing that ranges from $699 to $1,980. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Valley Estates ranging from $950 to $2,065.
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 $950 to $2,065 with an average monthly rent of $1,677.
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 $950 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,800.
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!