
Cheap Studio Apartments for Rent in the Ransom Place Neighborhood of Indianapolis, IN from $605 (23 Rentals)


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Ransom Place
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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 | $1,208 | $605 | $3,644 |
Ransom Place 1 Bedroom Apartments | $1,481 | $750 | $3,646 |
Ransom Place 2 Bedroom Apartments | $2,210 | $1,035 | $7,871 |
Ransom Place 3 Bedroom Apartments | $2,548 | $1,495 | $6,818 |
Ransom Place 4 Bedroom Apartments | $1,275 | $989 | $2,420 |
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Ransom Place, Indianapolis, IN Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 $1,005.
What is the price of a cheap apartment in Ransom Place?
The cheapest apartment in Ransom Place is Illinois Street Senior Apartments which is listed at $462, while the average apartment in Ransom Place costs $2,376.
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 25 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 $1,585 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.

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.

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.

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.