What is the average apartment size in College Park, Indianapolis, IN?

The average size for a College Park, Indianapolis, IN apartment is 980 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in College Park?

As of Apr / 2026, the average rent in College Park is $1,448 per month, a 4.41% decrease from last years average of $1,515.

What is the average apartment size in College Park?

The typical apartment in College Park offers about 980 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

College Park, Indianapolis, IN Rental Market Trends

Q: What's the typical rent budget in College Park?

The typical rent budget in College Park ranges from $1,501 to $2,000 per month, with 42% of rentals in this range.

Q: Do most people rent or own in College Park?

In College Park, 54% of households rent while 46% own their homes, based on the latest U.S. Census data.

Last updated: May 16, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in College Park is $1,448, a 4.41% decrease compared to the previous year, when the average rent was $1,515.

One-bedroom apartments provide 834 square feet for $1,304, balancing privacy and affordability.

Two-beedroom units at $1,616 offer 1,163 square feet, perfect for roommates or small families.

Average rent in College Park, Indianapolis, IN

Last updated: May 16, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,448	980 sq. ft.
Studio	n/a	n/a
1 Bed	$1,304	834 sq. ft.
2 Beds	$1,616	1,163 sq. ft.
3 Beds	n/a	n/a

College Park, Indianapolis, IN rent trends

Rental prices in College Park, Indianapolis, IN have decreased by 4.41% over the past year. The average rent moved from $1,515 to $1,448.

What's the typical rent budget in College Park, Indianapolis, IN?

The largest share of rentals in College Park, Indianapolis, IN (42%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in College Park, Indianapolis, IN?

1,607 or 54% of the households in College Park, Indianapolis, IN are renter-occupied while 1,354 or 46% are owner-occupied.

Most affordable neighborhoods in College Park?

Crown Hill $792/month

Carson Heights $955/month

Meadows - Fall Creek $962/month

All of these neighborhoods fall below the city wide average of $1,271/month.

Most expensive neighborhoods in College Park?

Clermont Lakes $1,637/month

Sycamore Run $1,677/month

North Meridian $1,873/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Indianapolis, IN By Neighborhood

Neighborhood	Average Rent
North Meridian	$1,873
Sycamore Run	$1,677
Clermont Lakes	$1,637
Wholesale District	$1,634
Chatham Arch and Mass Avenue	$1,624
Fountain Square	$1,621
Meridian - Kessler	$1,602
Herron - Morton Place	$1,592
The Canal and White River State Park	$1,581
Fletcher Place	$1,581
St. Joseph	$1,549
North Harrison Park	$1,478
Reagan Park	$1,470
Broad Ripple	$1,459
Keystone at The Crossing	$1,459
College Park	$1,448
Mapleton - Fall Creek	$1,414
Fairgrounds	$1,394
Bayswater - Eagles Watch	$1,388
Valley Mills	$1,348
Castleton	$1,346
Delaware Trails	$1,340
Summerfield Place	$1,329
North Willow	$1,326
Sherman Commons	$1,317
Crooked Creek Heights	$1,298
Castle Ridge	$1,282
Shadow Wood South	$1,273
Parkwood Terrace	$1,264
Marian - Cold Springs	$1,256
Willow Lakes	$1,230
Lake Maxinhall Estates	$1,218
Ivy Hills	$1,212
Allisonville	$1,210
Tempo North	$1,201
Trinity Manor	$1,195
Liberty Creek	$1,189
Speedway Woods	$1,187
Wedgewood	$1,184
Central Nora	$1,183
Eagle Cove	$1,176
Westchester Estates	$1,175
The Highlands	$1,172
Christian Park	$1,168
Mars Hill	$1,161
Sheffield Woods	$1,160
Mount Auburn	$1,145
Winchester Village	$1,140
Park Valley Estates	$1,121
Eagledale	$1,093
Crooked Creek	$1,092
Arlington Woods	$1,091
Eastbrooke Meadows	$1,086
North Perry	$1,083
Devington	$1,079
New Augusta Woods	$1,076
Deer Creek	$1,067
Parc Estates	$1,032
Irvington	$1,016
Arlington Heights	$970
Meadows - Fall Creek	$962
Carson Heights	$955
Crown Hill	$792

Indianapolis | Rent Comparison by Neighborhood

Rent in College Park is 20% higher than in Allisonville

$1,448

College Park rent is the same as Indianapolis average

Average Rent $1,448

$1,210

Allisonville rent is 16% lower than Indianapolis average

Average Rent $1,210

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all College Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.