
Cheap Apartments for Rent in the Fall Creek Place Neighborhood of Indianapolis, IN from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fall Creek Place area of Indianapolis.


The Parkview

1 W 28th St

9 on Canal

2131 North

Canal Square

Wesmont

2060 N Delaware St

Morton School Senior Apartments
Fall Creek Place
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Fall Creek Place, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Fall Creek Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fall Creek Place Studio Apartments | $1,417 | $585 | $3,644 |
Fall Creek Place 1 Bedroom Apartments | $1,707 | $740 | $3,646 |
Fall Creek Place 2 Bedroom Apartments | $2,577 | $900 | $8,415 |
Fall Creek Place 3 Bedroom Apartments | $3,175 | $2,199 | $6,168 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Fall Creek Place Neighborhood of Indianapolis, IN.
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Fall Creek Place, Indianapolis, IN Local Guide
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Cheapest Available Fall Creek Place Apartments for Rent
 The cheapest available apartment rental in the Fall Creek Place area of Indianapolis, IN is a 2 Beds unit found at The Sheldrake Apartments priced from $900. The Parkview has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Fall Creek Place apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $900 |
The Parkview | Studios | 1BR,1BA | $1,000 |
Morton School Senior Apartments | Studio 60% | Studio,1BA | $1,009 |
Best Value Apartments for Rent in Fall Creek Place, IN
As of April 17, 2025 the best value apartment in the Fall Creek Place area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Fall Creek Place apartment is the Singapore Model at Cosmopolitan on the Canal starting at $2,173 with a $1.92 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Fall Creek Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Cosmopolitan on the Canal | Singapore | 2BR,2BA | $1.92 |
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $1.08 |
Ardmore Apartments | A4- One Bedroom with Den | 1BR,1BA | $2.14 |
9 on Canal | Amsterdam - Lux | 1BR,1BA | $2.51 |
The Marott Apartments | Hoover | 1BR,1BA | $2.19 |
Wesmont | Studio - Bumping on Sunset | Studio ,1BA | $2.17 |
The Grounds | The Taffeta | 1BR,1BA | $2.47 |
Morton School Senior Apartments | Studio 60% | Studio ,1BA | $1.98 |
Canal Square | Arch II | 1BR,1BA | $2.62 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleFall Creek Place, Indianapolis, IN
Ranked #66
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Fall Creek Place Neighborhood in Indianapolis, IN
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
75 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
51 / 100
Good Transit
Many 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 Fall Creek Place Apartments
What is the Cheapest Studio apartment in Fall Creek Place?
Currently the most affordable Cheap Studio Apartment in Fall Creek Place is at Morton School Senior Apartments listed at $1,009.
How much is rent for a Cheap One Bedroom Fall Creek Place Apartment?
The lowest price for a Cheap One Bedroom Fall Creek Place Apartment is $1,000 at The Parkview.
What is the lowest price for a Cheap Two Bedroom Fall Creek Place Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fall Creek Place is starting from $900 at The Sheldrake Apartments.
What is the most affordable Fall Creek Place Three Bedroom Apartment?
The best deal on a cheap Fall Creek Place Three Bedroom Apartment rental is at The Block and starts from $2,199.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.