Cheap Apartments for Rent in the Park Valley Estates Neighborhood of Indianapolis, IN from $700 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Valley Estates area of Indianapolis.

Park Valley Estates

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Atrium Village
2 Bedroom Apartments

Atrium Village

2636 N Mitthoeffer RdIndianapolis, IN 46229
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Park Valley Estates, Indianapolis, IN Local Guide

Cheapest Available Park Valley Estates Apartments for Rent

 

The cheapest available apartment rental in the Park Valley Estates area of Indianapolis, IN is a 1 Bed unit found at Lake Marina Apartments priced from $899. Freeman Apartments LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $920. Here are the most affordable Park Valley Estates apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lake Marina Apartments1 Bedroom Townhouse1BR,1BA$899
Freeman Apartments LLCThe Coltrane1BR,1BA$920
Cedar Ridge1 Bedroom Apartment1BR,1BA$1,122
Vineyards Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1,143
Country Lake Townhomes2 BR, 1.5 Bath townhome2BR,1BA$1,425

Best Value Apartments for Rent in Park Valley Estates, IN

As of April 11, 2025 the best value apartment in the Park Valley Estates area is the $1.40 price per square foot 2 BR, 1.5 Bath townhome Model at Country Lake Townhomes in the in the Southeast Indianapolis neighborhood starting from $1,425. The second greatest value Park Valley Estates apartment is the 2 Bedroom 1 Bath Apartment Model at Vineyards Apartments starting at $1,143 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Country Lake Townhomes2 BR, 1.5 Bath townhome2BR,1.5BA$1.40
Vineyards Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.36
Cedar Ridge1 Bedroom Apartment.1BR,1.5BA$1.62
Lake Marina Apartments1 Bedroom Townhouse1BR,1BA$1.40
Freeman Apartments LLCThe Coltrane1BR,1BA$1.60

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Pet Friendly Lifestyle
Park Valley Estates, Indianapolis, IN

Ranked #169

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Park Valley Estates Apartments

How much is rent for a Cheap One Bedroom Park Valley Estates Apartment?

The lowest price for a Cheap One Bedroom Park Valley Estates Apartment is $899 at Lake Marina Apartments.

What is the lowest price for a Cheap Two Bedroom Park Valley Estates Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Valley Estates is starting from $1,143 at Vineyards Apartments.

What is the most affordable Park Valley Estates Three Bedroom Apartment?

The best deal on a cheap Park Valley Estates Three Bedroom Apartment rental is at Lake Marina Apartments and starts from $1,450.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.