The Grounds
2136 Central Ave,
Indianapolis, IN 46202
$1,329 - $3,617
Studio - 3 Beds
Fall Creek Place
Indianapolis, IN
Fall Creek Place - Indianapolis, IN
Area Guide
Award-winning and trendy, Fall Creek Place is picture-perfect
Urban
•
Walkable
•
Bike-Friendly
•
Mass Transit
•
Historic
•
Attractions
•
Nightlife
•
Blending modern with historic, Fall Creek Place is a trendy neighborhood in the heart of Downtown Indianapolis. The north side of Fall Creek Place extends along Fall Creek. Meridian Street forms the west side and College Avenue is along the east side. 22nd Street is located along the south side. The once-neglected neighborhood saw an influx of building around 2000, and nearly 4,000 new residents have discovered Fall Creek Place's charm and convenience. This walkable, urban neighborhood is just minutes from IUPUI, downtown's restaurants and nightlife, sports arenas, and more.
Award-winning Fall Creek Place offers a variety of living spaces, from historic Victorians to modern apartment complexes. This mixed-use community is walkable and offers some fantastic destinations of its own, including the Shoefly Public House, the 22nd Street Diner, and Goose the Market. Fall Creek Place offers several bus stops along Meridian Street, Central Avenue, College Avenue, Pennsylvania Street, and Delaware Street. For those who prefer to bike, the Monon Trail and Indianapolis Cultural Trail are both nearby.
Rent Trends
As of February 2026, the average apartment rent in Fall Creek Place is $1,313 for a studio, $1,363 for one bedroom, and $1,811 for two bedrooms. Apartment rent in Fall Creek Place has decreased by -12.6% in the past year.
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Studio
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577 sq ft
Average Sq Ft
-
$1,313/month
Average Rent
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1 BR
-
808 sq ft
Average Sq Ft
-
$1,363/month
Average Rent
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2 BR
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1,222 sq ft
Average Sq Ft
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$1,811/month
Average Rent
Transportation
78
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
51
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
75
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- The Children's Museum of Indianapolis
- Douglass Park
- Watkins Park
- JTV Hill Park
- Washington 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.