6405 Kellum Dr
IndianapolisIN46221
Cheap Homes for Rent in Valley Mills Neighborhood of Indianapolis, IN from $1,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Valley Mills area of Indianapolis.
5834 Long Ridge Pl
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.
5834 Long Ridge Pl
IndianapolisIN46221
5226 Milhouse Rd
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.
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Valley Mills, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Valley Mills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Valley Mills 3 Bedroom Homes for Rent | $1,826 | $1,450 | $2,080 |
| Valley Mills 4 Bedroom Homes for Rent | $2,073 | $1,735 | $2,460 |
| Valley Mills 5 Bedroom Homes for Rent | $1,720 | $1,720 | $1,720 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Valley Mills Neighborhood of Indianapolis, IN.
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Valley Mills, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in Valley Mills, IN
As of May 24, 2026 the best value apartment in the Valley Mills 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 Valley Mills apartment is the Cobalt Model at Stone Ridge Flats and Townhomes starting at $1,370 with a $1.58 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Valley Mills 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 |
| Stone Ridge Flats and Townhomes | Cobalt | 2BR,1BA | $1.58 |
| Aspen Pointe Apartments | Arbor | 2BR,1BA | $1.50 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.39 |
| Alpine Studios | Aspen | 1BR,1BA | $1.80 |
| 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 |
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 Valley Mills, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Valley Mills
What type of rentals are currently available in Valley Mills?
There are currently 12 Apartments for Rent in Valley Mills, IN with pricing that ranges from $778 to $2,257. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Valley Mills ranging from $1,450 to $2,460.
What is the current price range for Rental Homes in Valley Mills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Valley Mills ranges from $1,450 to $2,460 with an average monthly rent of $1,873.
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
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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
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.