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 Jul / 2026, the average rent in College Park is $1,440 per month, a 3.88% decrease from last years average of $1,498.

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 46% 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: August 04, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in College Park is $1,440, a 3.88% decrease compared to the previous year, when the average rent was $1,498.

One-bedroom apartments provide 834 square feet for $1,302, balancing privacy and affordability.

Two-bedroom units at $1,605 offer 1,163 square feet, perfect for roommates or small families.

Average rent in College Park, Indianapolis, IN

Last updated: August 04, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,440	980 sq. ft.
Studio	n/a	n/a
1 Bed	$1,302	834 sq. ft.
2 Beds	$1,605	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 3.88% over the past year. The average rent moved from $1,498 to $1,440.

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

The largest share of rentals in College Park, Indianapolis, IN (46%) 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 $784/month

University Heights $872/month

Carson Heights $928/month

All of these neighborhoods fall below the city wide average of $1,266/month.

Most expensive neighborhoods in College Park?

Wholesale District $1,668/month

Cole Noble $1,713/month

North Meridian $1,902/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	$1,902
Cole Noble	$1,713
Wholesale District	$1,668
Sycamore Run	$1,644
Clermont Lakes	$1,640
Chatham Arch and Mass Avenue	$1,633
The Canal and White River State Park	$1,621
Meridian - Kessler	$1,614
Riverside	$1,611
Herron - Morton Place	$1,596
Fletcher Place	$1,595
Fountain Square	$1,571
St. Joseph	$1,566
Reagan Park	$1,503
North Harrison Park	$1,503
Mapleton - Fall Creek	$1,470
Keystone at The Crossing	$1,459
College Park	$1,440
Broad Ripple	$1,435
Southern Springs	$1,381
Delaware Trails	$1,369
Fairgrounds	$1,348
Willow Lakes	$1,348
Castleton	$1,339
Valley Mills	$1,335
Sonesta	$1,307
Summerfield Place	$1,306
The Park at Buffalo Creek	$1,293
Bayswater - Eagles Watch	$1,290
North Willow	$1,286
Ivy Hills	$1,285
Crooked Creek Heights	$1,284
Shadow Wood South	$1,276
Allisonville	$1,266
Parkwood Terrace	$1,265
Briarstone Villas	$1,262
Marian - Cold Springs	$1,256
Castle Ridge	$1,235
Sherman Commons	$1,228
East Avalon Hills	$1,225
The Islands	$1,219
The Highlands	$1,210
Central Nora	$1,206
Wedgewood	$1,205
Lake Maxinhall Estates	$1,205
Liberty Creek	$1,200
Eagle Cove	$1,191
Trinity Manor	$1,176
Speedway Woods	$1,171
Westchester Estates	$1,162
Mars Hill	$1,160
Christian Park	$1,157
Sheffield Woods	$1,131
Tempo North	$1,114
Mount Auburn	$1,114
Crooked Creek	$1,112
Winchester Village	$1,097
Park Valley Estates	$1,087
Eagledale	$1,081
Deer Creek	$1,072
New Augusta Woods	$1,067
Devington	$1,050
Eastbrooke Meadows	$1,042
Parc Estates	$1,040
North Perry	$1,038
Arlington Woods	$1,037
The Old Northside	$1,035
West Edgewood	$1,021
Arlington Heights	$989
Irvington	$966
Meadows - Fall Creek	$965
Otterbein	$943
Carson Heights	$928
University Heights	$872
Crown Hill	$784

Indianapolis | Rent Comparison by Neighborhood

Rent in College Park is 14% higher than in Allisonville

$1,440

College Park rent is the same as Indianapolis average

Average Rent $1,440

$1,266

Allisonville rent is 12% lower than Indianapolis average

Average Rent $1,266

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.