3215 Mars Hill St
IndianapolisIN46221
Cheap Homes for Rent in Old Mill Park Neighborhood of Indianapolis, IN from $1,200 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Mill Park area of Indianapolis.
6405 Kellum Dr
IndianapolisIN46221
4420 Santa Fe Ct
IndianapolisIN46241
3223 Southwest Dr
IndianapolisIN46241
5607 Northport Dr
IndianapolisIN46221
5355 Milhouse Rd
IndianapolisIN46221
6139 Old Mill Dr
IndianapolisIN46221
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
6344 River Valley Way
IndianapolisIN46221
8423 Sansa St
IndianapolisIN46113
5034 Rocky Forge Dr
IndianapolisIN46221
3015 Redland Ln
IndianapolisIN46217
7335 Mosaic Dr
IndianapolisIN46221
5531 Orth Ct
IndianapolisIN46221
7315 Cordova Dr
IndianapolisIN46221
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.
Showing Results 1-14, Page 1 of 1
Old Mill Park, Indianapolis, IN Local Guide
How much does it cost to rent a home in Old Mill Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Mill Park 2 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
| Old Mill Park 3 Bedroom Homes for Rent | $1,896 | $1,450 | $2,305 |
| Old Mill Park 4 Bedroom Homes for Rent | $2,311 | $1,725 | $2,815 |
| Old Mill Park 5 Bedroom Homes for Rent | $2,181 | $1,720 | $2,415 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 3 mile radius of the Old Mill Park Neighborhood of Indianapolis, IN.
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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. Aspen Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 |
| Aspen Pointe Apartments | Hickory | Studio,1BA | $975 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,049 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,105 |
Best Value Apartments for Rent in Old Mill Park, IN
As of June 13, 2026 the best value apartment in the Old Mill Park area is the $1.35 price per square foot The Driftwood Model at Arborwood Apartments in the in the Airport District neighborhood starting from $1,271. The second greatest value Old Mill Park apartment is the Edinburgh Model at Alpine Studios starting at $1,399 with a $1.49 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. |
|---|---|---|---|
| Arborwood Apartments | The Driftwood | 2BR,2BA | $1.35 |
| Alpine Studios | Edinburgh | 2BR,2BA | $1.49 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.47 |
| Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.77 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1.56 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Aspen Pointe Apartments | Hickory | Studio ,1BA | $1.83 |
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 Article
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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Best Local Schools in Old Mill Park, Indianapolis, IN
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Frequently Asked Questions about Old Mill Park
What type of rentals are currently available in Old Mill Park?
There are currently 20 Apartments for Rent in Old Mill Park, IN with pricing that ranges from $778 to $2,304. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Mill Park ranging from $1,250 to $2,815.
What is the current price range for Rental Homes in Old Mill Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Mill Park ranges from $1,250 to $2,815 with an average monthly rent of $1,909.
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.