College Park, Indianapolis, IN Rental Market Trends
Last updated: April 12, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in College Park is $1,450, a 3.65% decrease compared to the previous year, when the average rent was $1,504.
Studio Apartments at $972 offer the most budget-friendly option with 447 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 834 square feet for $1,301, balancing privacy and affordability.
Two-beedroom units at $1,620 offer 1,163 square feet, perfect for roommates or small families.
Average rent in College Park, Indianapolis, IN
Last updated: April 12, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,450 | 980 sq. ft. |
| Studio | $972 | 447 sq. ft. |
| 1 Bed | $1,301 | 834 sq. ft. |
| 2 Beds | $1,620 | 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 3.65% over the past year. The average rent moved from $1,504 to $1,450.
What's the typical rent budget in College Park, Indianapolis, IN?
The largest share of rentals in College Park, Indianapolis, IN (45%) 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 $803/month
University Heights $895/month
Biltmore Gardens $934/month
All of these neighborhoods fall below the city wide average of $1,252/month.Most expensive neighborhoods in College Park?
Clermont Lakes $1,637/month
Sycamore Run $1,663/month
North Meridian $1,848/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 | $1,848 |
| Sycamore Run | $1,663 |
| Clermont Lakes | $1,637 |
| Wholesale District | $1,615 |
| Meridian - Kessler | $1,613 |
| Fountain Square | $1,608 |
| Chatham Arch and Mass Avenue | $1,604 |
| Riverside | $1,603 |
| Oxbow Estates | $1,596 |
| Herron - Morton Place | $1,580 |
| Fletcher Place | $1,575 |
| Windcombe | $1,573 |
| The Canal and White River State Park | $1,550 |
| St. Joseph | $1,531 |
| Devonshire | $1,491 |
| Cole Noble | $1,481 |
| North Harrison Park | $1,467 |
| College Park | $1,450 |
| Keystone at The Crossing | $1,441 |
| Greenbrooke | $1,438 |
| Broad Ripple | $1,435 |
| Reagan Park | $1,430 |
| Mapleton - Fall Creek | $1,402 |
| Bayswater - Eagles Watch | $1,367 |
| Fairgrounds | $1,364 |
| Sonesta | $1,362 |
| Southern Springs | $1,358 |
| Chapel Hill | $1,356 |
| Delaware Trails | $1,350 |
| Castleton | $1,336 |
| Valley Mills | $1,332 |
| Summerfield Place | $1,326 |
| Crooked Creek Heights | $1,326 |
| The Park at Buffalo Creek | $1,308 |
| North Willow | $1,300 |
| Shadow Wood South | $1,295 |
| Briarstone Villas | $1,276 |
| Marian - Cold Springs | $1,269 |
| Castle Ridge | $1,268 |
| Parkwood Terrace | $1,250 |
| Fall Creek Manor | $1,229 |
| Willow Lakes | $1,212 |
| Rosewood | $1,209 |
| Lake Maxinhall Estates | $1,206 |
| Ivy Hills | $1,200 |
| Allisonville | $1,200 |
| Tempo North | $1,199 |
| Eagle Cove | $1,192 |
| Sherman Commons | $1,183 |
| Mount Auburn | $1,182 |
| Trinity Manor | $1,181 |
| East Avalon Hills | $1,179 |
| The Highlands | $1,177 |
| Liberty Creek | $1,175 |
| Central Nora | $1,173 |
| Wedgewood | $1,171 |
| Speedway Woods | $1,164 |
| Sheffield Woods | $1,157 |
| Mars Hill | $1,157 |
| Westchester Estates | $1,156 |
| Christian Park | $1,155 |
| I65 - South Emerson | $1,146 |
| The Islands | $1,126 |
| Park Valley Estates | $1,108 |
| Winchester Village | $1,108 |
| Arlington Woods | $1,079 |
| Eagledale | $1,077 |
| Eastbrooke Meadows | $1,074 |
| North Perry | $1,072 |
| Devington | $1,072 |
| Crooked Creek | $1,066 |
| New Augusta Woods | $1,061 |
| Deer Creek | $1,056 |
| West Edgewood | $1,048 |
| Watson's | $1,042 |
| East Gate | $1,040 |
| The Old Northside | $1,036 |
| Irvington | $1,005 |
| Otterbein | $1,000 |
| Parc Estates | $995 |
| Arlington Heights | $959 |
| Carson Heights | $954 |
| Meadows - Fall Creek | $944 |
| Glicks East 38th St | $935 |
| Biltmore Gardens | $934 |
| University Heights | $895 |
| Crown Hill | $803 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in College Park is 21% higher than in Allisonville
$1,450
College Park rent is the same as Indianapolis average
Average Rent
$1,450
$1,200
Allisonville rent is 17% lower than Indianapolis average
Average Rent
$1,200
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.