
Cheap Apartments for Rent in the Broad Ripple Neighborhood of Indianapolis, IN from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Broad Ripple area of Indianapolis.


6134 Hillside Ave

Wellington Square Apartments

Lincolnshire Broad Ripple
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Jade North Apartments

A/62

Meridian Lakes

Chateau in the Woods
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Fallwood

Solana Apartments

Edison at Meridian Hills

Broad Ripple Flats
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.

Fountain Parc

Park 66 Flats
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!

6128 Winthrop Ave

6128 Winthrop Ave
Broad Ripple, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Broad Ripple?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Broad Ripple Studio Apartments | $1,569 | $900 | $5,271 |
Broad Ripple 1 Bedroom Apartments | $1,672 | $775 | $2,405 |
Broad Ripple 2 Bedroom Apartments | $1,814 | $1,029 | $3,695 |
Broad Ripple 3 Bedroom Apartments | $2,407 | $1,275 | $4,167 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Broad Ripple Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
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 Lincolnshire Broad Ripple priced from $875. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Broad Ripple apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lincolnshire Broad Ripple | 1 Bedroom Garden Level | 1BR,1BA | $875 |
Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
Jade North Apartments | Plan G | 1BR,1BA | $950 |
A/62 | LePetit | 1BR,1BA | $975 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1,044 |
Best Value Apartments for Rent in Broad Ripple, IN
As of May 11, 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 Orchid Model at Everly at Meridian Hills starting at $1,779 with a $1.07 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Broad Ripple apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
Everly at Meridian Hills | Orchid | 3BR,2BA | $1.07 |
Fallwood | 2 Bed/2Ba Den W/D Up | 2BR,2BA | $1.14 |
Solana Apartments | Amber | 2BR,2BA | $1.33 |
Edison at Meridian Hills | 2 Bedroom 1 Bath | 2BR,1BA | $1.43 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
Jade North Apartments | Plan G | 1BR,1BA | $1.29 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.47 |
Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
A/62 | LePetit Luxe | 1BR,1BA | $1.70 |
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 $1,345.
What is the price of a cheap apartment in Broad Ripple?
The cheapest apartment in Broad Ripple is Lincolnshire Broad Ripple which is listed at $875, while the average apartment in Broad Ripple costs $2,041.
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 7 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 $185 which is $1,856 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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.