Cheap Homes for Rent in Raymond Park Neighborhood of Indianapolis, IN from $1,600 (10 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.

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.

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. Indy 7925 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,107. 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
Indy 7925A1- 1x11BR,1BA$1,107
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1,145

Best Value Apartments for Rent in Raymond Park, IN

As of April 16, 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 A Model at School 85 starting at $1,159 with a $1.21 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
School 85A1BR,1BA$1.21
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
The 85TwentyA1-SR1BR,1BA$1.74
English Village ApartmentsPremium Two Bedroom Apartment Home2BR,1BA$1.49
Indy 7925A1R- 1x11BR,1BA$1.64
StonehengeStudioStudio ,1BA$3.03

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 $850 to $1,800. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raymond Park ranging from $1,600 to $2,600.

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 $1,600 to $2,600 with an average monthly rent of $1,840.

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 $1,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,610 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,585.

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

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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

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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

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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.

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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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.