
Cheap Apartments for Rent in the Ransom Place Neighborhood of Indianapolis, IN from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ransom Place area of Indianapolis.


Dunbar Court

St. Agnes Apartments

1733 N. Meridian

The Seminole

The Whitaker

The Washington

Priscilla on Pennsylvania

Devonshire Apartments in Downtown Indianapolis

Circle City Apartments

Lockefield Gardens

Drake Street Garden Homes

Temple Lofts

Riley Towers

Vanguard at 16 Tech

126 E Vermont St

237 E 9th St

Apollo & Aurora Apartments

Stadium Lofts & Flats

Canal Square

Ralston Apartments

Canal Overlook Apartments

9 on Canal

Penn Street Tower Apartments

Cosmopolitan on the Canal

The Continental Towers at Vermont Place

946 MLK

Illinois Street Senior Apartments

The Congress at Library Square
Ransom Place, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Ransom Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ransom Place Studio Apartments | $1,191 | $605 | $3,134 |
Ransom Place 1 Bedroom Apartments | $1,471 | $750 | $3,646 |
Ransom Place 2 Bedroom Apartments | $2,203 | $1,000 | $7,803 |
Ransom Place 3 Bedroom Apartments | $2,419 | $1,495 | $6,747 |
Ransom Place 4 Bedroom Apartments | $1,275 | $989 | $2,420 |
Browse Apartments in this Neighborhood
There are currently 53 rentals with your search options within a 1 mile radius of the Ransom Place Neighborhood of Indianapolis, IN.
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Ransom Place, Indianapolis, IN Local Guide
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Cheapest Available Ransom Place Apartments for Rent
 The cheapest available apartment rental in the Ransom Place area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Illinois Street Senior Apartments | Studio 3 30% | Studio,1BA | $462 |
St. Agnes Apartments | *Studio- Loft | Studio,1BA | $740 |
1733 N. Meridian | 1BR | 1BR,1BA | $780 |
The Seminole | 1br | 1BR,1BA | $833 |
Priscilla on Pennsylvania | Studio | Studio,1BA | $875 |
Lockefield Gardens | Standard One Bedroom (S1) | 1BR,1BA | $981 |
Circle City Apartments | Winterhouse Studio 402 | Studio,1BA | $985 |
Senate Manor | 1.1 Ap | 1BR,1BA | $1,005 |
800 Capitol | Imprint 60% | 1BR,1BA | $1,005 |
Spink | Spink Studio 510 | Studio,1BA | $1,030 |
Best Value Apartments for Rent in Ransom Place, IN
As of March 24, 2025 the best value apartment in the Ransom Place area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Ransom Place apartment is the Two Bedroom Two Bath (1,184 - 1,194 Square Feet) Model at Gardens of Canal Court starting at $1,533 with a $1.28 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Ransom Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.28 |
The Continental Towers at Vermont Place | Turnverein 308 - Townhome | 2BR,1.5BA | $1.72 |
1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
The Seminole | 1br | 1BR,1BA | $1.13 |
Raleigh | Raleigh 1B 706 | 1BR,1BA | $1.63 |
Penn Street Tower Apartments | St. Clair | 1BR,1BA | $1.72 |
Temple Lofts | Flats - 2.1 | 2BR,1BA | $1.74 |
Van Dyke | Van Dyke 1B 632 | 1BR,1BA | $1.78 |
Illinois Street Senior Apartments | Studio 1 40% | Studio ,1BA | $1.59 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRansom Place, Indianapolis, IN
Ranked #11
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, apartment complexes for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Getting Around the Ransom Place Neighborhood in Indianapolis, IN
Walk Score®
82 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
96 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
52 / 100
Good Transit
Many 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 Ransom Place Apartments
What is a cheap apartment in Ransom Place?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ransom Place is under $1,030.
What is the price of a cheap apartment in Ransom Place?
The cheapest apartment in Ransom Place is 1733 N. Meridian which is listed at $780, while the average apartment in Ransom Place costs $2,289.
What types of apartments are the cheapest in Ransom Place?
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 349 regular apartments in Ransom Place 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 Ransom Place?
Cheap apartments in Ransom Place have an average cost of $791 which is $1,498 cheaper than the average rent for all rentals in Ransom Place.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.