Fallwood
5200 E Fall Creek Parkway North Dr,
Indianapolis, IN 46220
$1,070 - $1,467 | 1-2 Beds
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 March 2025, the average apartment rent in Millersville is $936 for a studio, $1,071 for one bedroom, $1,260 for two bedrooms, and $1,410 for three bedrooms. Apartment rent in Millersville has increased by 2.5% in the past year.
Studio
495 sq ft
Average Sq Ft
$936/month
Average Rent
1 BR
750 sq ft
Average Sq Ft
$1,071/month
Average Rent
2 BR
1,122 sq ft
Average Sq Ft
$1,260/month
Average Rent
3 BR
1,322 sq ft
Average Sq Ft
$1,410/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† 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 2025.