Cheap Apartments for Rent in the Fall Creek Place Neighborhood of Indianapolis, IN from $500 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fall Creek Place area of Indianapolis.

property at 1 W 28th St

1 W 28th St

IndianapolisIN46208
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St. James
1 Bedroom Apartments

St. James

2102 N Meridian StIndianapolis, IN 46202
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
The Sheldrake Apartments2 Bedroom2BR,1BA$900
The ParkviewStudios1BR,1BA$1,000
Morton School Senior ApartmentsStudio 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Cosmopolitan on the CanalSingapore2BR,2BA$1.92
The Sheldrake Apartments2 Bedroom2BR,1BA$1.08
Ardmore ApartmentsA4- One Bedroom with Den1BR,1BA$2.14
9 on CanalAmsterdam - Lux1BR,1BA$2.51
The Marott ApartmentsHoover1BR,1BA$2.19
WesmontStudio - Bumping on SunsetStudio ,1BA$2.17
The GroundsThe Taffeta1BR,1BA$2.47
Morton School Senior ApartmentsStudio 60%Studio ,1BA$1.98
Canal SquareArch II1BR,1BA$2.62

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Pet Friendly Lifestyle
Fall Creek Place, Indianapolis, IN

Ranked #66

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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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.

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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.