
Cheap Apartments for Rent in the College Park Neighborhood of Indianapolis, IN from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the College Park area of Indianapolis.


Carlton Apartments

Reflections Apartments

King's Reserve College Park - 55+ Senior
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

The Manning Apartment Homes

Avia Lofts at Founders Road
College Park - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
College Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in College Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
College Park Studio Apartments | $997 | $734 | $1,627 |
College Park 1 Bedroom Apartments | $1,526 | $785 | $2,255 |
College Park 2 Bedroom Apartments | $1,915 | $909 | $2,509 |
College Park 3 Bedroom Apartments | $2,026 | $1,154 | $3,399 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the College Park Neighborhood of Indianapolis, IN.
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College Park, Indianapolis, IN Local Guide
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Cheapest Available College Park Apartments for Rent
 The cheapest available apartment rental in the College Park area of Indianapolis, IN is a Studio unit found at Reflections Apartments priced from $844. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $894. Here are the most affordable College Park apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Reflections Apartments | Expressions | Studio,1BA | $844 |
The Meridian North and South | A3S South | 1BR,1BA | $894 |
Avia Lofts at Founders Road | Studio | Studio,1BA | $1,059 |
Best Value Apartments for Rent in College Park, IN
As of April 26, 2025 the best value apartment in the College Park area is the $1.17 price per square foot 2 Bed/2 Bath-Dn Model at North Willow in the in the Spring Arbor neighborhood starting from $1,584. The second greatest value College Park apartment is the Keystone Model at Willow Lake Apartments starting at $1,600 with a $1.46 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for College Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
North Willow | 2 Bed/2 Bath-Dn | 2BR,2BA | $1.17 |
Willow Lake Apartments | Keystone | 1BR,1BA | $1.46 |
The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.38 |
The Lakes Apartments | Kaplan | 1BR,1BA | $1.80 |
Sylo | Cedar 1.1 | 1BR,1BA | $2.28 |
The Domain at Bennett Farms | Archer | 1BR,1BA | $2.00 |
Slate Run Lofts and Apartments | Loft Studio | Studio ,1BA | $2.22 |
Avia Lofts at Founders Road | Studio | Studio ,1BA | $2.19 |
The Meridian North and South | A1S South | 1BR,1BA | $2.08 |
Reflections Apartments | Musings | Studio ,1BA | $1.89 |
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Pet Friendly LifestyleCollege Park, Indianapolis, IN
Ranked #117
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the College Park Neighborhood in Indianapolis, IN
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap College Park Apartments
What is the Cheapest Studio apartment in College Park?
Currently the most affordable Cheap Studio Apartment in College Park is at Reflections Apartments listed at $844.
How much is rent for a Cheap One Bedroom College Park Apartment?
The lowest price for a Cheap One Bedroom College Park Apartment is $894 at The Meridian North and South.
What is the lowest price for a Cheap Two Bedroom College Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in College Park is starting from $909 at The Meridian North and South.
What is the most affordable College Park Three Bedroom Apartment?
The best deal on a cheap College Park Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,319.
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.