Cheap Homes for Rent in Old Mill Park Neighborhood of Indianapolis, IN from $1,200 (21 Rentals)

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

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!

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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
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Alpine StudiosAndorraStudio,1BA$1,063
Aspen Pointe ApartmentsSpring1BR,1BA$1,110

Best Value Apartments for Rent in Old Mill Park, IN

As of April 10, 2025 the best value apartment in the Old Mill Park area is the $1.28 price per square foot 3 Bedroom Townhome Model at Horizons Apartments in the in the Airport District neighborhood starting from $1,345. The second greatest value Old Mill Park apartment is the 2x2 Model at Camby Crossing starting at $1,281 with a $1.39 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.
Horizons Apartments3 Bedroom Townhome3BR,1BA$1.28
Camby Crossing2x22BR,2BA$1.39
Double Creek Flats ApartmentsAsh 41BR,1BA$1.51
Stone Ridge Flats and TownhomesCobalt2BR,1BA$1.56
Aspen Pointe ApartmentsArbor W/D2BR,1BA$1.57
Arborwood ApartmentsThe Ninebark1BR,1BA$1.51
Mann Village Apartments2 Bedroom Apartment.2BR,1BA$1.66
The OasisThe Goen1BR,1BA$1.45
Home Place Senior Living1 BD 1 BTH1BR,1BA$1.56
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45

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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 26 Apartments for Rent in Old Mill Park, IN with pricing that ranges from $778 to $3,654. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Mill Park ranging from $1,200 to $2,400.

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 $1,200 to $2,400 with an average monthly rent of $1,885.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Mill Park range from $1,345 to $3,654, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,360. Four Bedroom Single-Family rentals are also available starting from $1,745 and Four Bedroom Apartments start at $1,655.

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.