Zumper
modified
10 Hours Ago

Highlights

  • Pet Friendly
  • Spacious floorplans
  • Cozy wood-burning fireplaces
  • Cyber cafe
  • Immense closet space
  • Outdoor gourmet kitchen
  • Trendy accent walls

Location

8740 Arborway Ct, Indianapolis, IN 46268, USA|College Park
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Tour The Lakes Apartments

Contact

Management

NTS Development Company

Leasing office

(844) 334-0143 ext. 6626

Open 

Monday 9:00 am–5:00 pm ET

Property Overview

The Lakes Apartments offers spacious floorplans with immense closet space, cozy wood-burning fireplaces, trendy accent walls, and lifestyle amenities like a cyber cafe and outdoor gourmet kitchen, all supported by a full photo gallery for easy browsing. With an expert rating of 8.5/10, top-tier amenities (10/10), strong value for price (9/10), and a highly rated, walkable location (9/10), it delivers excellent convenience, comfort, and transparency (trustworthiness 8/10). It is highlighted as great for social life, pet friendliness, and work-from-home needs.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, The Lakes Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lakes Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Fireplace
  • Images Available
  • Walk-in closet

Great for

  • Pet owners
  • Work-from-home
  • Social life

Floor plans

Kaplan1 bed1 bath750 sqft$1,215–$1,435 /mo2 units available
Marian1 bed1 bath875 sqft$1,270 /mo1 unit available
Huntington2 bed1 bath930 sqft$1,350–$1,485 /mo2 units available
Butler2 bed2 bath1,078 sqft$1,420 /mo1 unit available
Martin3 bed2 bath1,258 sqft$1,610–$1,790 /mo2 units available

Let's explore this property.

Amenities for The Lakes Apartments

Apartment Amenities

2nd Floor Vaulted CeilingBalcony
Ceiling FanCovered Patio or Covered Balcony
Custom Designer Accent WallsFireplace
Hardwood FloorHigh Ceilings
Luxurious Master BathPrivate Entry
Walk-in ClosetWhite Kitchen Cabinet with Wood Trim
Wood Burning FireplaceWood Floors

Appliances

Black AppliancesBuilt-in Microwave
In-Unit LaundryLarge Capacity Washer and Dryer in Every Home
Microwave

Tech

High-Speed Internet

Building

Business CenterCats OK
Dogs OKFitness Center
Onsite LaundryResidents Lounge
Roof Deck

Grounds

Beautifully Landscaped GroundsGarage Parking
Outdoor Lounge Area ThroughoutOutdoor Space
RacquetballStorage
Swimming Pool

Services

Covered Bicycle Storage and Repair StationMeal Service

Neighborhood

Charming Walkways and Bridge Over Delaware Creek

Other

Pet Walking AreaShort Term Lease
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Questions about this property’s policies and fees?

Building details

Property details

Units232
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About The Lakes Apartments

HomeApartments in IndianapolisCollege Park The Lakes Apartments

The Lakes is located within a secluded environment that offers an assortment of distinctive apartment homes within an unblemished setting. Our community features award-winning landscaping, a glistening pool deck with outdoor gourmet kitchen, 24-hour express cardio fitness center, and a residential business center which includes a cyber cafe. Each apartment home offers a spacious floorplan with immense closet space, social designed kitchens with Whirlpool appliance packages, trendy accent walls, cozy wood-burning fireplaces, and tranquil lake views. What are you waiting for, stop by The Lakes today to reserve your future apartment home!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, The Lakes Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lakes Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The Lakes Apartments
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Lakes Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Lakes Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Lakes Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Lakes Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

The Lakes Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 3 pet hospitals in the area
  • 4 pet supply stores near the property
  • 1 pet grooming service nearby

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • Quiet environment with little noise pollution
  • 1 internet service provider option nearby

Social life

  • Areas nearby are accessible by walking
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • Diverse age groups live in this area
  • This community has public spaces on site, like fitness centers or pools

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Lakes Apartments compares to other nearby properties.

Positives

Fireplace
Upgraded in-unit features
Images Available
There are at least 10 photos of this address
Walk-in closet
More closet space on average

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in College Park

1-bedroom apartments here are priced 15% lower than 1-bedrooms in College Park.

If you decide to upgrade your space, you can expect 2-bedrooms at The Lakes Apartments to be 21% less than the average for similarly sized apartments in College Park.

Median rents as of Apr 25 2026.
College Park
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
May 2024$1,117
June 2024$1,171
July 2024$1,091
August 2024$1,047
September 2024$1,090
October 2024$1,131
November 2024$1,126
December 2024$1,105
January 2025$1,194
February 2025$1,191
March 2025$1,151
April 2025$1,121
May 2025$1,139
June 2025$1,158
July 2025$1,185
August 2025$1,178
September 2025$1,065
October 2025$1,063
November 2025$1,048
December 2025$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
April 2026$955
A table of studio rental data trends in College Park
MonthMedian Rent
May 2024$1,437
June 2024$1,277
July 2024$1,500
August 2024$1,125
October 2024$1,125
February 2025$1,125
March 2025$1,125

Affordability calculator

Can I afford to live at 8740 Arborway Ct?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$49,700/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,700 annually to afford this 1-bedroom median monthly rent price of $1,242.
For more information on rent affordability, visit our rent calculator.

Schools near The Lakes Apartments

College Park Elementary School

2811 barnard st

indianapolis, IN, 46268

K-5Public
C

Willow Lake Elementary School

7535 harcourt rd

indianapolis, IN, 46260

K-5Public
C+

Indiana School for the Blind and Visually Impaired

7725 n college ave

indianapolis, IN, 46240

PK, K-12Public
C-

Clay Center Elementary School

12025 clay center rd

carmel, IN, 46032

PK, K-5Public
A+

Clearwater Elementary School

3575 e 79th st

indianapolis, IN, 46240

K-5Public
A-
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Internet available near The Lakes Apartments

Getting around Indianapolis near 8740 Arborway Ct

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

2/10
There are a few mass transit options within the area.

Points of interest for 8740 Arborway Ct, Indianapolis

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

1/10
No elementary schools within a 30-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

0/10
Minimal park space nearby

Nightlife

4/10
Few or no bars within walking distance

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