Cheap Apartments for Rent in the Raymond Park Neighborhood of Indianapolis, IN from $700 (10 Rentals)

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

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English Village
1 to 2 Bedroom Apartments

English Village

545 English Village DrIndianapolis, IN 46239
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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included

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

Cheapest Available Raymond Park Apartments for Rent

 

The cheapest available apartment rental in the Raymond Park area of Indianapolis, IN is a 2 Beds unit found at The Aerie on 11th Street priced from $700. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Raymond Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
StonehengeStudioStudio,1BA$799
Serenity Manor 55+ Independent Senior Living1 Bedroom/1 Bathroom1BR,1BA$965

Best Value Apartments for Rent in Raymond Park, IN

As of April 25, 2025 the best value apartment in the Raymond Park area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Raymond Park apartment is the C1-LP Model at The 85Twenty starting at $1,695 with a $1.41 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.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
The 85TwentyC1-LP3BR,2BA$1.41
Indy 7925C1R- 3x23BR,2BA$1.45
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Serenity Manor 55+ Independent Senior Living2 Bedroom/2 Bath2BR,2BA$1.49
The Life at Belhaven Place1 Bed 1 Bath1BR,1BA$1.40
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
StonehengeStudioStudio ,1BA$2.77

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Pet Friendly Lifestyle
Raymond Park, Indianapolis, IN

Ranked #185

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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 Serenity Manor 55+ Independent Senior Living which is listed at $965, 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.

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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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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.

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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.