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 Sep / 2026, the average rent in College Park is $1,531 per month, a 2.55% increase from last years average of $1,493.

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 $1,001 to $1,500 per month, with 48% 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: November 08, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in College Park is $1,531, a 2.55% increase compared to the previous year, when the average rent was $1,493.

One-bedroom apartments provide 834 square feet for $1,351, balancing privacy and affordability.

Two-bedroom units at $1,756 offer 1,163 square feet, perfect for roommates or small families.

Average rent in College Park, Indianapolis, IN

Last updated: November 08, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,531	980 sq. ft.
Studio	n/a	n/a
1 Bed	$1,351	834 sq. ft.
2 Beds	$1,756	1,163 sq. ft.
3 Beds	n/a	n/a

College Park, Indianapolis, IN rent trends

Rental prices in College Park, Indianapolis, IN have increased by 2.55% over the past year. The average rent moved from $1,493 to $1,531.

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

The largest share of rentals in College Park, Indianapolis, IN (48%) fall between $1,001-$1,500 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 $809/month

Otterbein $945/month

Carson Heights $951/month

All of these neighborhoods fall below the city wide average of $1,270/month.

Most expensive neighborhoods in College Park?

St. Joseph $1,698/month

Cole Noble $1,710/month

North Meridian $1,859/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	$1,859
Cole Noble	$1,710
St. Joseph	$1,698
Chatham Arch and Mass Avenue	$1,693
Wholesale District	$1,692
Riverside	$1,638
Clermont Lakes	$1,628
The Canal and White River State Park	$1,612
Fletcher Place	$1,609
Sycamore Run	$1,606
Meridian - Kessler	$1,596
Herron - Morton Place	$1,564
Fountain Square	$1,549
Greenbrooke	$1,522
Broad Ripple	$1,511
North Harrison Park	$1,508
College Park	$1,504
Mapleton - Fall Creek	$1,445
Keystone at The Crossing	$1,421
Delaware Trails	$1,417
Reagan Park	$1,404
Fairgrounds	$1,389
Willow Lakes	$1,376
Valley Mills	$1,359
Crooked Creek Heights	$1,351
Castleton	$1,326
Old Southside	$1,326
Bayswater - Eagles Watch	$1,316
Sherman Commons	$1,312
East Avalon Hills	$1,310
Briarstone Villas	$1,298
North Willow	$1,297
Summerfield Place	$1,287
The Park at Buffalo Creek	$1,287
Shadow Wood South	$1,269
Parkwood Terrace	$1,267
The Highlands	$1,259
Ivy Hills	$1,258
Marian - Cold Springs	$1,256
Allisonville	$1,228
Wedgewood	$1,215
The Islands	$1,208
Central Nora	$1,202
Lake Maxinhall Estates	$1,189
Liberty Creek	$1,187
Westchester Estates	$1,184
Speedway Woods	$1,182
Christian Park	$1,173
Crooked Creek	$1,163
Mars Hill	$1,148
Winchester Village	$1,139
Sheffield Woods	$1,139
Eagle Cove	$1,134
Tempo North	$1,125
Eagledale	$1,125
New Augusta Woods	$1,117
Arlington Woods	$1,106
Mount Auburn	$1,104
Park Valley Estates	$1,101
Eastbrooke Meadows	$1,088
Arlington Heights	$1,080
Parc Estates	$1,077
The Old Northside	$1,067
North Perry	$1,055
Devington	$1,055
West Edgewood	$1,040
Deer Creek	$995
Meadows - Fall Creek	$993
University Heights	$961
Irvington	$959
Carson Heights	$951
Otterbein	$945
Crown Hill	$809

Indianapolis | Rent Comparison by Neighborhood

Rent in College Park is 22% higher than in Allisonville

$1,504

College Park rent is 2% lower than Indianapolis average

Average Rent $1,504

$1,228

Allisonville rent is 20% lower than Indianapolis average

Average Rent $1,228

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.