Cheap Homes for Rent in Raymond Park Neighborhood of Indianapolis, IN from $1,600 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the Raymond Park area of Indianapolis.

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.

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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.

Cheapest Available Raymond Park Apartments for Rent

 

The cheapest available apartment rental in the Raymond Park area of Indianapolis, IN is a 1 Bed unit found at English Village Apartments priced from $850. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $859. Here are the most affordable Raymond Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
English Village ApartmentsClassic One Bedroom Apartment Home1BR,1BA$850
StonehengeStudioStudio,1BA$859
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1,145

Best Value Apartments for Rent in Raymond Park, IN

As of May 31, 2026 the best value apartment in the Raymond Park area is the $1.04 price per square foot 7302 East Washington Street Model at 7302 East Washington Street, Unit A in the in the Southeast Indianapolis neighborhood starting from $1,250. The second greatest value Raymond Park apartment is the 2 Bed 2 Bath Model at The Life at Belhaven Place starting at $1,145 with a $1.25 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Raymond Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
The 85TwentyA1-SR1BR,1BA$1.70
Indy 7925A1R- 1x11BR,1BA$2.02
English Village ApartmentsPremium One Bedroom Apartment Home1BR,1BA$1.46
StonehengeStudioStudio ,1BA$2.98

Frequently Asked Questions about Raymond Park

What type of rentals are currently available in Raymond Park?

There are currently 30 Apartments for Rent in Raymond Park, IN with pricing that ranges from $575 to $1,821. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raymond Park ranging from $1,650 to $2,585.

What is the current price range for Rental Homes in Raymond Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Raymond Park ranges from $1,650 to $2,585 with an average monthly rent of $1,942.

How much are larger Three and Four Bedroom Rentals in Raymond Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Raymond Park range from $1,425 to $1,821, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,800.

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

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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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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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

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.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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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

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.