Iron Trail at the Hub
7600 Pennsy Pky,
Indianapolis, IN 46229
$1,282 - $1,599
1-2 Beds
Area Guide
SE Indianapolis-Hancock New Palestine, IN
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 June 2026, the average apartment rent in SE Indianapolis-Hancock is $1,269 for one bedroom, $1,389 for two bedrooms, and $1,571 for three bedrooms. Apartment rent in SE Indianapolis-Hancock has decreased by -3.0% in the past year.
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1 BR
-
764 sq ft
Average Sq Ft
-
$1,269/month
Average Rent
-
2 BR
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1,007 sq ft
Average Sq Ft
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$1,389/month
Average Rent
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3 BR
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1,200 sq ft
Average Sq Ft
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$1,571/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly SE Indianapolis-Hancock - New Palestine, IN is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Daily Essentials
Essentials are more spread out in SE Indianapolis-Hancock - New Palestine, IN, so everyday errands require more planning.
Supermarket Within a 30 Minute Walk
Groceries
20
/ 100
Limited Restaurant Variety Nearby
Restaurants
30
/ 100
Limited Café Variety Nearby
Cafes
20
/ 100
Few to No Shops Nearby
Shopping
10
/ 100
Recreation
Recreation options in SE Indianapolis-Hancock - New Palestine, IN are limited, so staying active may require more planning.
Limited Amount of Park Space Nearby
Parks
30
/ 100
Local Vibe
Get a sense of what it’s like to live in SE Indianapolis-Hancock - New Palestine, IN from everyday activity to noise and nightlife.
Calm Atmosphere
Vibrancy
10
/ 100
Limited Nightlife Variety Nearby
Nightlife
20
/ 100
Not Noisy
Quiet Score
90
/ 100
Scores provided by
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
Top Apartments in SE Indianapolis-Hancock
Houses for Rent in SE Indianapolis-Hancock
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
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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 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.