Fallwood
5200 E Fall Creek Parkway North Dr,
Indianapolis, IN 46220
$1,015 - $1,495
1-2 Beds
Area Guide
If you want to live close to Indianapolis but not in the middle of the hustle and bustle of a large city, Millersville is the place for you. The neighborhood lies northeast of the city, just 12 short minutes from downtown Indianapolis when driving. Millersville is a large village tucked away in the Fall Creek Valley. It consists of several smaller neighborhoods, but the village is a close-knit community offering a variety of special events. Residents enjoy walking and biking the Fall Creek Trail, which leads to Fort Benjamin Harrison State Park.
Millersville can also be a great home to people who love being surrounded by nature. The many lakes here such as Lake Kesslerwood and Mallard Lake add beauty to the neighborhood and encourage residents to go out and explore the land. A group called Millersville at Fall Creek Valley Inc. has set out to help preserve and promote the natural beauty and history of the neighborhood.
As of July 2026, the average apartment rent in Millersville is $941 for a studio, $1,079 for one bedroom, $1,241 for two bedrooms, and $1,557 for three bedrooms. Apartment rent in Millersville has decreased by -2.4% in the past year.
Studio
495 sq ft
Average Sq Ft
$941/month
Average Rent
1 BR
749 sq ft
Average Sq Ft
$1,079/month
Average Rent
2 BR
1,102 sq ft
Average Sq Ft
$1,241/month
Average Rent
3 BR
1,339 sq ft
Average Sq Ft
$1,557/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Millersville - Indianapolis, IN is for everyday living.
Fairly Walkable
Walkability
Minimal Public Transit
Transit
Exceptionally Drivable
Drivability
Moderately Bikeable
Bikeability
Millersville - Indianapolis, IN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Limited Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Recreation options in Millersville - Indianapolis, IN are limited, so staying active may require more planning.
Moderate Amount of Park Space Nearby
Parks
Few to No Wellness Amenity Options Nearby
Wellness
Get a sense of what it’s like to live in Millersville - Indianapolis, IN from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Limited Nightlife Variety Nearby
Nightlife
Fairly Noisy
Quiet Score
† 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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.