Cheap Apartments for Rent in the Old Mill Park Neighborhood of Indianapolis, IN from $700 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Mill Park area of Indianapolis.

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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221

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Old Mill Park, Indianapolis, IN Local Guide

Cheapest Available Old Mill Park Apartments for Rent

 

The cheapest available apartment rental in the Old Mill Park area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. Home Place Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Old Mill Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Alpine StudiosOsloStudio,1BA$1,031
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1,049
Horizons ApartmentsThe Aspiration2BR,1BA$1,055

Best Value Apartments for Rent in Old Mill Park, IN

As of November 02, 2025 the best value apartment in the Old Mill Park area is the $1.40 price per square foot The Driftwood Model at Arborwood Apartments in the in the Airport District neighborhood starting from $1,321. The second greatest value Old Mill Park apartment is the The Aspiration Model at Horizons Apartments starting at $1,055 with a $1.41 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Old Mill Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arborwood ApartmentsThe Driftwood2BR,2BA$1.40
Horizons ApartmentsThe Aspiration2BR,1BA$1.41
Aspen Pointe ApartmentsSpring1BR,1BA$1.50
Stone Ridge Flats and TownhomesAzure1BR,1BA$1.62
Camby Crossing1x11BR,1BA$1.67
Home Place Senior Living1 BD 1 BTH1BR,1BA$1.56
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1.72
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45
Alpine StudiosOsloStudio ,1BA$1.96

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Pet Friendly Lifestyle
Old Mill Park, Indianapolis, IN

Ranked #135

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Old Mill Park Neighborhood in Indianapolis, IN

Walk Score®

2 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Old Mill Park Apartments

What is the Cheapest Studio apartment in Old Mill Park?

Currently the most affordable Cheap Studio Apartment in Old Mill Park is at Alpine Studios listed at $1,031.

How much is rent for a Cheap One Bedroom Old Mill Park Apartment?

The lowest price for a Cheap One Bedroom Old Mill Park Apartment is $778 at Abbey Apartments - Affordable Senior Housing.

What is the lowest price for a Cheap Two Bedroom Old Mill Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Mill Park is starting from $1,055 at Horizons Apartments.

What is the most affordable Old Mill Park Three Bedroom Apartment?

The best deal on a cheap Old Mill Park Three Bedroom Apartment rental is at Horizons Apartments and starts from $1,299.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.