Cheap 3 Bedroom Apartments for Rent in the Raymond Park Neighborhood of Indianapolis, IN from $1,505 (5 Rentals)
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

The Life at Belhaven Place

Park View at Beech Grove
Raymond Park - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Raymond Park, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Raymond Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Raymond Park Studio Apartments | $844 | $790 | $990 |
Raymond Park 1 Bedroom Apartments | $1,117 | $845 | $1,280 |
Raymond Park 2 Bedroom Apartments | $1,227 | $700 | $1,610 |
Raymond Park 3 Bedroom Apartments | $1,732 | $1,505 | $2,125 |
Raymond Park 4 Bedroom Apartments | $1,815 | $1,688 | $1,939 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Raymond Park Neighborhood of Indianapolis, IN.
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Raymond Park, Indianapolis, IN Local Guide
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Quick 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.
Getting Around the Raymond Park Neighborhood in Indianapolis, IN
Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
11 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Raymond Park Apartments
What is the price of a cheap apartment in Raymond Park?
The cheapest apartment in Raymond Park is The Life at Belhaven Place which is listed at $1,387, while the average apartment in Raymond Park costs $2,249.
What types of apartments are the cheapest in Raymond Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Raymond Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Raymond Park?
Cheap apartments in Raymond Park have an average cost of $454 which is $1,795 cheaper than the average rent for all rentals in Raymond Park.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.