Cheap Apartments for Rent in the Broad Ripple Neighborhood of Indianapolis, IN from $800 (22 Rentals)

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

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.

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Broad Ripple - 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!

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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
Showing Results 1-22, Page 1 of 1

Cheapest Available Broad Ripple Apartments for Rent

 

The cheapest available apartment rental in the Broad Ripple area of Indianapolis, IN is a 1 Bed unit found at Wellington Square Apartments priced from $926. Jade North Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Broad Ripple apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Wellington Square Apartments1BR/1BA1BR,1BA$926
Jade North ApartmentsPlan G1BR,1BA$950
A/62LePetit Luxe1BR,1BA$974
Meridian Lakes1Bed/1Ba-Dn (B)1BR,1BA$990
River HouseKingsleyStudio,1BA$998

Best Value Apartments for Rent in Broad Ripple, IN

As of April 17, 2025 the best value apartment in the Broad Ripple area is the $1.19 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,200. The second greatest value Broad Ripple apartment is the 2 Bed/2Ba Den W/D Up Model at Fallwood starting at $1,481 with a $1.14 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Broad Ripple apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Fallwood2 Bed/2Ba Den W/D Up2BR,2BA$1.14
Everly at Meridian HillsIris2BR,1BA$1.15
Solana ApartmentsBrook2BR,2BA$1.37
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.43
Edgewater Apartments2 Bedroom2BR,2BA$1.47
Jade North ApartmentsPlan G1BR,1BA$1.29
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
A/62LePetit1BR,1BA$1.62

Getting Around the Broad Ripple Neighborhood in Indianapolis, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

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 Broad Ripple Apartments

What is a cheap apartment in Broad Ripple?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Broad Ripple is under $1,315.

What is the price of a cheap apartment in Broad Ripple?

The cheapest apartment in Broad Ripple is Wellington Square Apartments which is listed at $926, while the average apartment in Broad Ripple costs $1,999.

What types of apartments are the cheapest in Broad Ripple?

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 9 regular apartments in Broad Ripple 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 Broad Ripple?

Cheap apartments in Broad Ripple have an average cost of $324 which is $1,675 cheaper than the average rent for all rentals in Broad Ripple.

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.