Cheap Apartments for Rent in the Old Mill Park Neighborhood of Indianapolis, IN from $700 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Mill Park area of Indianapolis.

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Valley Brook MHC
3 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221

Old Mill Park

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Old Mill Park, Indianapolis, IN Local Guide

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. The Oasis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Old Mill Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
The OasisThe Quartz1BR,1BA$899
Horizons ApartmentsThe Vision1BR,1BA$925
Aspen Pointe ApartmentsHickoryStudio,1BA$975
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000

Best Value Apartments for Rent in Old Mill Park, IN

As of April 13, 2025 the best value apartment in the Old Mill Park area is the $1.39 price per square foot 2x2 Model at Camby Crossing in the in the Decatur Commons neighborhood starting from $1,281. The second greatest value Old Mill Park apartment is the Ash 4 Model at Double Creek Flats Apartments starting at $1,355 with a $1.50 price per square foot in the Decatur Commons neighborhood. Here is today’s list of the best values for Old Mill Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Camby Crossing2x22BR,2BA$1.39
Double Creek Flats ApartmentsAsh 41BR,1BA$1.50
Southern DunesHarmony1BR,1BA$1.72
Arborwood ApartmentsThe Ninebark1BR,1BA$1.51
The OasisThe Goen1BR,1BA$1.45
Stone Ridge Flats and TownhomesAzure1BR,1BA$1.56
Murphy's LandingThe Wake1BR,1BA$1.69
Home Place Senior Living1 BD 1 BTH1BR,1BA$1.56
Horizons ApartmentsThe Vision1BR,1BA$1.54
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45

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Pet Friendly Lifestyle
Old Mill Park, Indianapolis, IN

Ranked #106

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Old Mill Park Apartments

How much is rent for a Cheap One Bedroom Old Mill Park Apartment?

The lowest price for a Cheap One Bedroom Old Mill Park Apartment is $778 at Abbey Apartments - Affordable Senior Housing.

What is the lowest price for a Cheap Two Bedroom Old Mill Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Mill Park is starting from $1,099 at The Oasis.

What is the most affordable Old Mill Park Three Bedroom Apartment?

The best deal on a cheap Old Mill Park Three Bedroom Apartment rental is at Stone Ridge Flats and Townhomes and starts from $1,381.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.