
Cheap Homes for Rent in Valley Mills Neighborhood of Indianapolis, IN from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Valley Mills area of Indianapolis.


6232 Epperson Dr

6232 Epperson Dr

6624 Cordova Ct
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.

5522 Wheatstone Ct

5608 Alcott Ln

6341 Granner Dr

6037 Long River Ln
Valley Mills - 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!
Valley Mills, Indianapolis, IN Local Guide

How much does it cost to rent a home in Valley Mills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Valley Mills 2 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Valley Mills 3 Bedroom Homes for Rent | $1,782 | $1,510 | $2,215 |
Valley Mills 4 Bedroom Homes for Rent | $1,904 | $1,895 | $1,914 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Valley Mills Neighborhood of Indianapolis, IN.
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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 26, 2025 the best value apartment in the Valley Mills area is the $1.28 price per square foot The Endeavor Model at Horizons Apartments in the in the Airport District neighborhood starting from $1,345. The second greatest value Valley Mills apartment is the Cobalt Model at Stone Ridge Flats and Townhomes starting at $1,297 with a $1.49 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. |
---|---|---|---|
Horizons Apartments | The Endeavor | 3BR,1BA | $1.28 |
Stone Ridge Flats and Townhomes | Cobalt | 2BR,1BA | $1.49 |
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
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.
Frequently Asked Questions about Valley Mills
What type of rentals are currently available in Valley Mills?
There are currently 12 Apartments for Rent in Valley Mills, IN with pricing that ranges from $778 to $2,310. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Valley Mills ranging from $1,500 to $2,215.
What is the current price range for Rental Homes in Valley Mills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Valley Mills ranges from $1,500 to $2,215 with an average monthly rent of $1,728.
How much are larger Three and Four Bedroom Rentals in Valley Mills?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Valley Mills range from $1,345 to $2,171, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,510 to $2,215. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,505.
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.

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.