The Lakes Apartments
8740 Arborway Ct,
Indianapolis, IN 46268
$1,415 - $1,780
1-3 Beds
College Park
Indianapolis, IN
College Park - Indianapolis, IN Area Guide
College Park sits approximately 13 miles north of downtown Indianapolis, giving residents an enviable combination of quiet living and big city entertainment. Residents enjoy easy access to the rest of the city and surrounding suburbs via I-465, and an abundance of cozy apartment communities provide apartment renters plenty of options. For a fun night out, locals head to Beef & Boards Dinner Theater, which hosts an array of live performances accompanied by a scrumptious dinner buffet. Shopping centers and popular restaurants such as Bravo! Cucina Italiana and Leonardo's Mexican Food line 86th Street and Michigan Road, giving area residents convenient shopping and dining options.
Rent Trends
As of March 2026, the average apartment rent in College Park is $1,011 for a studio, $1,268 for one bedroom, $1,563 for two bedrooms, and $1,770 for three bedrooms. Apartment rent in College Park has decreased by -1.9% in the past year.
-
Studio
-
448 sq ft
Average Sq Ft
-
$1,011/month
Average Rent
-
1 BR
-
816 sq ft
Average Sq Ft
-
$1,268/month
Average Rent
-
2 BR
-
1,151 sq ft
Average Sq Ft
-
$1,563/month
Average Rent
-
3 BR
-
1,258 sq ft
Average Sq Ft
-
$1,770/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly College Park - Indianapolis, IN is for everyday living.
Car-Dependent
48
/ 100
This area is considered a car-dependent area and most errands will require a car.
Some Transit
28
/ 100
You'll likely want a car when living in this area since it has few transit options.
Bikeable
53
/ 100
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Scores provided by Walk Score
Points of Interest
Shopping Centers
Parks and Recreation
- Daubenspeck Community Nature Park
- Zion Nature Center
- Town Run Trail Park
- Coxhall Gardens
- Northwestway Park
Commuter Rail
Airports
- Indianapolis International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.