| 1 BED | $892+ |
| 2 BEDS | $1,128+ |
| 3 BEDS | Ask for Pricing |
| STUDIO | $709+ |
| 1 BED | $781+ |
| 2 BEDS | $1,068+ |
| 3 BEDS | $1,475 |
| STUDIO | Ask for Pricing |
| 1 BED | $925 |
| 2 BEDS | Ask for Pricing |
| 3 BEDS | $1,635 |
| STUDIO | Ask for Pricing |
| 1 BED | $822+ |
| 2 BEDS | $1,275+ |
| 3 BEDS | $1,660 |
| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| 2 BEDS | $1,260 |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
Rental prices in Parkwood Terrace, Indianapolis, IN have increased by 4.91% over the past year. The average rent moved from $1,181 to $1,239.
Check out the average rent in Indianapolis.
The national average price of rental apartments is $1,741, while the average monthly rent in Parkwood Terrace, Indianapolis, IN is $1,239.
The average monthly rent for an apartment in Parkwood Terrace, Indianapolis, IN is around $1,239.
A share of 23% of apartments in Parkwood Terrace, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 61% of Parkwood Terrace's apartments have monthly rents between $1,001-$1,500. There are 15% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Parkwood Terrace, Indianapolis, IN (61%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Parkwood Terrace, Indianapolis, IN were last updated on 27 Feb 2026.
The best apartment in Parkwood Terrace, Indianapolis, IN is: 2805 Kay Ellen Dr.
The average rent in Parkwood Terrace, Indianapolis, IN is $1,103.
In Parkwood Terrace 39% of the housing is rented out compared to 61% of homes are owned, according to the most recent Census Bureau estimates. 2% of Parkwood Terrace's apartments are found in large buildings of 50 units or more, 79% are located in smaller apartment complexes with less than 50 units, and 19% are single-family rentals.
In total, Parkwood Terrace, Indianapolis, IN has 1,839 residents, 937 women and 901 men, per U.S. Census recent estimates. Statistics show that the median age of Parkwood Terrace’s population is 35.
There is a total of 726 households in Parkwood Terrace, Indianapolis, IN. Of these, 208 have children and 518 are without children. Per Census Bureau’s most current estimates, 459 family households and 268 non-family households live in this area. The size of a household in Parkwood Terrace is 2 people, on average. The median household annual income in Parkwood Terrace equals $62,982, and the monthly housing costs equal $1,066.
According to data from the U.S. Census Bureau, 1% of the population in Parkwood Terrace, Indianapolis, IN have no high school education, 40% went to high-school, and 26% have partially completed college. Moreover, 7% of the population hold an Associate Degree, 17% hold a Bachelor Degree, and 9% hold a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Parkwood Terrace, Indianapolis, IN. Easily search through a wide selection of apartments for rent in Parkwood Terrace, Indianapolis, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you're interested in. Browse Parkwood Terrace, Indianapolis, IN apartments with rents starting from $709 and submit your rental application today!
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