College Park, Indianapolis, IN Rental Market Trends
Last updated: September 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in College Park is $1,428, a 5.47% decrease compared to the previous year, when the average rent was $1,511.
One-bedroom apartments provide 834 square feet for $1,279, balancing privacy and affordability.
Two-bedroom units at $1,599 offer 1,163 square feet, perfect for roommates or small families.
Average rent in College Park, Indianapolis, IN
Last updated: September 06, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,428 | 980 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,279 | 834 sq. ft. |
| 2 Beds | $1,599 | 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 5.47% over the past year. The average rent moved from $1,511 to $1,428.
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 $812/month
University Heights $873/month
Carson Heights $943/month
All of these neighborhoods fall below the city wide average of $1,268/month.Most expensive neighborhoods in College Park?
Wholesale District $1,641/month
Cole Noble $1,718/month
North Meridian $1,862/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 | $1,862 |
| Cole Noble | $1,718 |
| Wholesale District | $1,641 |
| Sycamore Run | $1,624 |
| Meridian - Kessler | $1,606 |
| Chatham Arch and Mass Avenue | $1,598 |
| Clermont Lakes | $1,595 |
| The Canal and White River State Park | $1,583 |
| Riverside | $1,580 |
| Fletcher Place | $1,568 |
| St. Joseph | $1,568 |
| Herron - Morton Place | $1,567 |
| Reagan Park | $1,563 |
| Fountain Square | $1,530 |
| North Harrison Park | $1,488 |
| Mapleton - Fall Creek | $1,472 |
| College Park | $1,428 |
| Broad Ripple | $1,421 |
| Keystone at The Crossing | $1,415 |
| Southern Springs | $1,366 |
| Delaware Trails | $1,364 |
| Fairgrounds | $1,340 |
| Castleton | $1,334 |
| Willow Lakes | $1,321 |
| Old Southside | $1,314 |
| Summerfield Place | $1,310 |
| Valley Mills | $1,306 |
| Bayswater - Eagles Watch | $1,305 |
| Crooked Creek Heights | $1,303 |
| The Park at Buffalo Creek | $1,286 |
| Ivy Hills | $1,283 |
| Parkwood Terrace | $1,278 |
| Shadow Wood South | $1,277 |
| North Willow | $1,275 |
| Allisonville | $1,266 |
| Marian - Cold Springs | $1,256 |
| Briarstone Villas | $1,252 |
| Castle Ridge | $1,236 |
| East Avalon Hills | $1,227 |
| Sherman Commons | $1,226 |
| The Islands | $1,217 |
| Lake Maxinhall Estates | $1,201 |
| The Highlands | $1,196 |
| Central Nora | $1,191 |
| Speedway Woods | $1,181 |
| Wedgewood | $1,180 |
| Liberty Creek | $1,179 |
| Eagle Cove | $1,176 |
| Christian Park | $1,176 |
| Westchester Estates | $1,160 |
| Mars Hill | $1,148 |
| Sheffield Woods | $1,132 |
| Winchester Village | $1,129 |
| Tempo North | $1,122 |
| Crooked Creek | $1,118 |
| Mount Auburn | $1,114 |
| Park Valley Estates | $1,087 |
| Eagledale | $1,076 |
| New Augusta Woods | $1,072 |
| North Perry | $1,053 |
| Parc Estates | $1,047 |
| Devington | $1,046 |
| Eastbrooke Meadows | $1,043 |
| Deer Creek | $1,042 |
| The Old Northside | $1,036 |
| Arlington Woods | $1,034 |
| West Edgewood | $1,032 |
| Arlington Heights | $990 |
| Meadows - Fall Creek | $975 |
| Irvington | $967 |
| Otterbein | $948 |
| Carson Heights | $943 |
| University Heights | $873 |
| Crown Hill | $812 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in College Park is 13% higher than in Allisonville
$1,428
College Park rent is the same as Indianapolis average
Average Rent
$1,428
$1,266
Allisonville rent is 11% 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.