
Craving Mexican cuisine, but don't want to blow a hole in your budget?
Hoodline crunched the numbers to find the best affordable Mexican restaurants around Indianapolis, using both Yelp data and our own secret sauce to produce a ranked list of the best places to meet your needs.
1. La Parada

Topping the list is La Parada. Located at 1642 E. New York St., Suite A in Near Eastside, the restaurant and bar is the highest rated affordable Mexican eatery in Indianapolis, boasting four stars out of 468 reviews on Yelp.
La Parada has a selection of soups, combination plates, seafood and a kids menu. Order the Burrito Texano for a shrimp, steak, chicken and a chorizo mix served with rice and beans on the side. Craving seafood? Consider the Camarones La Parada, with grilled shrimp, peppers, rice, beans and a salad.
2. Guerreros Mexican Restaurant

Next up is Edgewood's Guerreros Mexican Restaurant, situated at 5905 E. Madison Ave., Suite A. With 4.5 stars out of 46 reviews on Yelp, it has proven to be a local favorite for those looking for a budget-friendly option.
Guerreros serves plenty of Mexican classics for lunch and dinner. Try the chilaquiles, made of fried corn tortilla chips that are blended with a tomato sauce and topped with shredded chicken or beef and melted cheese, served with rice and guacamole salad.
3. Gil Tacos

Stout Field's Gil Tacos, located at 1665 S. Lynhurst Drive, is another top choice, with Yelpers giving the affordable Mexican spot four stars out of 64 reviews.
Enjoy tacos, tortas and other Mexican plates at this favorite spot, with prices beginning at just $2.25. Expect meals like the Cubana Torta, made of breaded steak, Mexican sausage, egg, ham, hot dog and cheese. The Tacos Dorados, with five rolled up crunchy tacos, is another standout on the menu.
4. Taqueria El Maguey

Taqueria El Maguey, over in the North High School area, is another affordable go-to, with four stars out of 49 Yelp reviews. Head over to 5629 W. 38th St. to see for yourself.
Tacos start at $2.25, with options like the spicy pork or ribeye tacos. For something heartier, there’s the Texas fajitas with marinated chicken, peppers and more.
5. Los Rancheros

Over in Arlington Woods, check out Los Rancheros, which has earned four stars out of 39 reviews on Yelp. Dig in by heading over to 7437 Pendleton Pike. From shrimp and octopus to tortas and fajitas, there’s plenty to choose from on the extensive menu.
Find small bites like taquitos for $3.75 or spinach quesadillas with onions, a bell pepper, tomatoes and cheese for $6.25. There’s also lunch specials for $6.25, such as the tamale with rice and beans.
This story was created automatically using local business data, then reviewed and augmented by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.









