[3] Creston was originally called Cedar Lake, but the name was changed in 1882 when the Monon Railroad was extended to that point.

[3][4] The early settlers of Cedar Lake were almost all descendants of the Revolutionary War soldier Obadiah Taylor I who settled there.

The business ventures in the nearby village of Tinkerville were moved west to Creston where they would be close to the new railroad, and in the 1880s Creston had multiple stores, blacksmith shop, coal and lumber yard, grain elevator, and post office.

[5] In the 21st century, Creston is a quiet residential area, without substantial business or industry.

[5] The earliest settlers were named Austin, Beck, Davis, Dille, Edgerton, Hill, King, Lloyd, McCarty, Miller, Palmer, Stillson, Skinner, Stopps, Scritchfield, Taylor, Thompson, Vinnedge, and Warriner.