Apartments for Rent in Valley Mills, Indianapolis, IN

Valley Mills, Indianapolis apartment availability

Valley Mills offers a good selection of rental listings, with an average of 52 rentals available each month. The neighborhood's rental market primarily features 3-bedroom apartments, although 1-bedroom, 2-bedroom, and studio apartments are also available. Many of these apartments cater to pet owners, with 69% allowing small pets and dogs. This makes Valley Mills a great option for those looking for a pet-friendly community. With a range of bedroom options and amenities, Valley Mills is worth considering for renters searching for a new home in Indianapolis.

Valley Mills, Indianapolis rental market trends

The Valley Mills neighborhood in Indianapolis saw a decline in average rent prices by about 5% last year, with the average monthly rent for all bed counts and property types coming in at $1,506. However, not all bed counts followed this trend. The average rent for 1-bedrooms increased by 15.6% to $1,140, while 2-bedrooms saw a 19.6% increase to $1,339. Studios experienced a modest 2.7% increase to $968.

The summer months tend to bring higher demand and prices in Valley Mills, with June typically seeing the highest rent prices - an 11.8% increase compared to April, the month with the lowest rent prices. If you're searching for a new apartment, April may be a good time to find a deal. On the other hand, if you're looking to rent out a property, June is likely to be the most lucrative month.

Why Valley Mills, Indianapolis is a great place to live

Valley Mills is a top choice for renters who prioritize pet friendliness and social living. According to data, the neighborhood offers a range of pet-friendly features, including pet supply stores, outdoor spaces, and pet-safe windows, making it an ideal location for pet owners. Additionally, Valley Mills' social scene is enhanced by its street infrastructure, neighborhood age distribution, and transit frequency, providing residents with ample opportunities to connect with others. The presence of shared spaces and safety features also contribute to the neighborhood's social appeal. Overall, Valley Mills is a great fit for those seeking a community that welcomes both pets and people.