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

Williamsburg North

A/62

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.

Edgewater Apartments

Solana Apartments

River Crossing

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.

6128 Winthrop Ave
Ravenswood - 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
Ravenswood, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Ravenswood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ravenswood Studio Apartments | $1,580 | $900 | $5,259 |
Ravenswood 1 Bedroom Apartments | $1,651 | $775 | $3,150 |
Ravenswood 2 Bedroom Apartments | $2,035 | $1,029 | $3,695 |
Ravenswood 3 Bedroom Apartments | $2,302 | $1,275 | $4,167 |
Ravenswood 4 Bedroom Apartments | $1,890 | $1,700 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Ravenswood Neighborhood of Indianapolis, IN.
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Ravenswood, Indianapolis, IN Local Guide
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Cheapest Available Ravenswood Apartments for Rent
 The cheapest available apartment rental in the Ravenswood 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 Ravenswood 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 |
Williamsburg North | Ashland | 1BR,1BA | $950 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1,044 |
Best Value Apartments for Rent in Ravenswood, IN
As of May 17, 2025 the best value apartment in the Ravenswood area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Ravenswood apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,200 with a $1.19 price per square foot in the Warfleigh neighborhood. Here is today’s list of the best values for Ravenswood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pinnacle on Meridian | Two Bedroom with Bonus Room (7176B2) | 2BR,2BA | $1.32 |
Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
Solana Apartments | Amber | 2BR,2BA | $1.36 |
Somerset Lakes | Leisure: One Bedroom Apartment With Den | 1BR,1BA | $1.28 |
Edgewater Apartments | 2 Bedroom | 2BR,2BA | $1.33 |
Williamsburg North | Ashland | 1BR,1BA | $1.21 |
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 |
Northview | Beacon | 1BR,1BA | $1.72 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleRavenswood, Indianapolis, IN
Ranked #48
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 and neighborhoods across the USA, including Ravenswood, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Ravenswood Neighborhood in Indianapolis, IN
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
23 / 100
Minimal Transit
It may be possible to get on a bus
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 Ravenswood Apartments
What is the Cheapest Studio apartment in Ravenswood?
Currently the most affordable Cheap Studio Apartment in Ravenswood is at AYR Apartments listed at $1,329.
How much is rent for a Cheap One Bedroom Ravenswood Apartment?
The lowest price for a Cheap One Bedroom Ravenswood Apartment is $875 at Lincolnshire Broad Ripple.
What is the lowest price for a Cheap Two Bedroom Ravenswood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ravenswood is starting from $1,029 at Wellington Square Apartments.
What is the most affordable Ravenswood Three Bedroom Apartment?
The best deal on a cheap Ravenswood Three Bedroom Apartment rental is at Williamsburg North and starts from $1,350.
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.