Iron Trail
7600 Pennsy Pky,
Indianapolis, IN 46229
$1,225 - $1,599
1-2 Beds
SE Indianapolis-Hancock
New Palestine, IN
SE Indianapolis-Hancock - New Palestine, IN
Area Guide
Check out the rentals in New Palestine, a neighborhood in Hancock County, southeast of Indianapolis. This charming neighborhood allows you to enjoy urban conveniences while living in a rural setting. Small-town charm rules on the streets of New Palestine itself, and the new developments going up all throughout the area give you access to modern apartments. Sugar Creek cuts through the neighborhood, adding to the scenic beauty and providing terrific fishing and picnicking destinations. Downtown Indianapolis sits only eight miles away to let you easily attend theater, concerts, and Pacers and Colts games. Meet your neighbors for drinks and steaks at B & C's Hideout, or grab one of 30 combo selections with draft beer at El Jaripeo, which is also vegetarian-friendly.
Rent Trends
As of February 2026, the average apartment rent in SE Indianapolis-Hancock is $1,276 for one bedroom, $1,402 for two bedrooms, and $1,651 for three bedrooms. Apartment rent in SE Indianapolis-Hancock has decreased by -4.5% in the past year.
-
1 BR
-
764 sq ft
Average Sq Ft
-
$1,276/month
Average Rent
-
2 BR
-
1,007 sq ft
Average Sq Ft
-
$1,402/month
Average Rent
-
3 BR
-
1,200 sq ft
Average Sq Ft
-
$1,651/month
Average Rent
Transportation
27
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
39
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Paul Ruster Park
- Raymond Park/Indy Island
- Post Road Community Park
- Southeastway Park
- Gene B. Glick Nature Preserve
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.