
Cheap Apartments for Rent in the Old Mill Park Neighborhood of Indianapolis, IN from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Mill Park area of Indianapolis.


Horizons Apartments

3047 Foltz St

4012 Mann Rd

Home Place Senior Living
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Alpine Studios

Mann Village Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Camby Crossing
Old Mill Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Old Mill Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Mill Park Studio Apartments | $1,046 | $1,009 | $1,084 |
| Old Mill Park 1 Bedroom Apartments | $1,089 | $778 | $1,251 |
| Old Mill Park 2 Bedroom Apartments | $1,291 | $1,055 | $1,812 |
| Old Mill Park 3 Bedroom Apartments | $1,485 | $1,248 | $2,271 |
| Old Mill Park 4 Bedroom Apartments | $1,759 | $925 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 3 mile radius of the Old Mill Park Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Old Mill Park, Indianapolis, IN Local Guide
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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. Horizons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Old Mill Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
| Horizons Apartments | The Vision | 1BR,1BA | $925 |
| Camby Crossing | 1x1 | 1BR,1BA | $999 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Old Mill Park, IN
As of December 19, 2025 the best value apartment in the Old Mill Park area is the $1.54 price per square foot Arbor W/D Model at Aspen Pointe Apartments in the in the Airport District neighborhood starting from $1,250. The second greatest value Old Mill Park apartment is the The Ninebark Model at Arborwood Apartments starting at $1,174 with a $1.48 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Pointe Apartments | Arbor W/D | 2BR,1BA | $1.54 |
| Arborwood Apartments | The Ninebark | 1BR,1BA | $1.48 |
| Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.59 |
| Camby Crossing | 1x1 | 1BR,1BA | $1.45 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1.56 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Horizons Apartments | The Vision | 1BR,1BA | $1.54 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Alpine Studios | Oslo | Studio ,1BA | $2.06 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleOld Mill Park, Indianapolis, IN
Ranked #135
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Old Mill Park, Indianapolis, IN
School data provided by Great Schools
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Old Mill Park Apartments
What is the price of a cheap apartment in Old Mill Park?
The cheapest apartment in Old Mill Park is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Old Mill Park costs $1,899.
What types of apartments are the cheapest in Old Mill Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Old Mill Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Old Mill Park?
Cheap apartments in Old Mill Park have an average cost of $394 which is $1,505 cheaper than the average rent for all rentals in Old Mill Park.
Expert Rental Resources
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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!


