| 3 BEDS | $1,475 |
| 3 BEDS | $1,635 |
| 3 BEDS | $1,660 |
| 2 BEDS | $1,260 |
| 5 BEDS | $2,335 |
| 4 BEDS | $1,820 |
| 3 BEDS | $1,700 |
| 3 BEDS | $1,730 |
| 3 BEDS | $1,560 |
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.
There are 1 house rentals available on RentCafe. Prices and availability in Parkwood Terrace, Indianapolis, IN were last updated on 28 Feb 2026.
The average Parkwood Terrace, Indianapolis, IN rental house size is 2,268 sq. ft.
Renting a house in Parkwood Terrace, Indianapolis, IN comes with more space, both indoor and outdoor.
Houses for rent in Parkwood Terrace, Indianapolis, IN are usually located in non-central areas.
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.
Regardless of the type of house you are going to rent, location is important. We have 25 properties listed in Parkwood Terrace, Indianapolis, IN to choose from, with prices ranging from $1,175 to $2,335. That can be quite a lot to choose from. If you’re on a tight budget and are looking for cheap houses for rent, make your life easier and set up a maximum price filter in the top menu. You may be renting on a budget and 1 bedroom duplexes will do just fine or you may be able to spend a bit more and are looking at 4 bedroom single family homes for rent. Either way, choose wisely. Don’t fall for the impeccable lawn or a pool. Although these things are nice to have they aren’t worth a penny if you’re not able to enjoy them because of loud neighbors or a lack of time. Speaking of lack of time…
There are 25 properties in Parkwood Terrace, Indianapolis, IN listed for rent right now with prices ranging from $1,175 to $2,335. But if you have children there’s so much more to consider. A resource we all seem to lack: time. Avoiding a nightmare commute may be more important than deciding between a 2 bedroom or a 3 bedroom house. Although you could spend several hours in the car with your children and count it as family time, it’d be much nicer to spend this time around the dinner table. When you’re browsing through our rental homes, keep in mind the dreaded morning kindergarten-school-office Bermuda Triangle that is swallowing precious time out of your life. Draw a radius or a polygon around the school or the kindergarten you’ve chosen in Parkwood Terrace, Indianapolis, IN and explore all the homes for rent located close by. Finding a house close to your kids’ school will drastically cut down your commute time. It will also help you see other things in your life more clearly, generally speaking. After all, choosing from 25 houses can be complicated and you’ve managed just fine.
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