
Cheap Apartments for Rent in the Valley Mills Neighborhood of Indianapolis, IN from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Valley Mills area of Indianapolis.


Aspen Pointe Apartments

Horizons Apartments

Stone Ridge Flats and Townhomes

Home Place Senior Living

Alpine Studios

Abbey Apartments - Affordable Senior Housing

Camby Crossing
Valley Mills
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Valley Mills, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Valley Mills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Valley Mills Studio Apartments | $983 | $876 | $1,084 |
Valley Mills 1 Bedroom Apartments | $1,132 | $778 | $1,229 |
Valley Mills 2 Bedroom Apartments | $1,316 | $1,105 | $1,747 |
Valley Mills 3 Bedroom Apartments | $1,597 | $1,345 | $2,195 |
Valley Mills 4 Bedroom Apartments | $2,069 | $1,860 | $2,330 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Valley Mills Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Valley Mills, Indianapolis, IN Local Guide
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Cheapest Available Valley Mills Apartments for Rent
 The cheapest available apartment rental in the Valley Mills area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. Aspen Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Valley Mills apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
Aspen Pointe Apartments | Hickory | Studio,1BA | $975 |
Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Valley Mills, IN
As of April 16, 2025 the best value apartment in the Valley Mills 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 Valley Mills apartment is the Cobalt Model at Stone Ridge Flats and Townhomes starting at $1,317 with a $1.52 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. |
---|---|---|---|
Camby Crossing | 2x2 | 2BR,2BA | $1.39 |
Stone Ridge Flats and Townhomes | Cobalt | 2BR,1BA | $1.52 |
Arborwood Apartments | The Ninebark | 1BR,1BA | $1.51 |
Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1.56 |
Mann Village Apartments | 1 Bedroom Apartment. | 1BR,1BA | $1.85 |
Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
Aspen Pointe Apartments | Hickory | Studio ,1BA | $1.83 |
Alpine Studios | Andorra | Studio ,1BA | $2.23 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleValley Mills, Indianapolis, IN
Ranked #142
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Valley Mills, Indianapolis, IN
School data provided by Great Schools
Getting Around the Valley Mills Neighborhood in Indianapolis, IN
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
15 / 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 Valley Mills Apartments
What is the price of a cheap apartment in Valley Mills?
The cheapest apartment in Valley Mills is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Valley Mills costs $2,075.
What types of apartments are the cheapest in Valley Mills?
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 Valley Mills 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 Valley Mills?
Cheap apartments in Valley Mills have an average cost of $235 which is $1,840 cheaper than the average rent for all rentals in Valley Mills.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords & 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.