Cheap Apartments for Rent in the Aspen Ridge Neighborhood of Indianapolis, IN from $600 (47 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Wylde at Eagle Creek
Rent Specials
$1,079 - $2,417
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $2,417
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included
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Aragon Woods
Studio to 3 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Honey Creek Apartments
2 to 3 Bedroom Apartments

Honey Creek Apartments

3510 N High School RdIndianapolis, IN 46224
  • Utilities Included

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
Showing Results 1-47, Page 1 of 1

Aspen Ridge, Indianapolis, IN Local Guide

Cheapest Available Aspen Ridge Apartments for Rent

 

The cheapest available apartment rental in the Aspen Ridge area of Indianapolis, IN is a Studio unit found at The Stratford priced from $620. Cambridge Commons has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Aspen Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$620
Cambridge CommonsStudioStudio,1BA$725
Marabou MillsStudioStudio,1BA$740
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
Garden Pointe ApartmentsLily StudioStudio,1BA$795
The Meadows Apartment Homes1x1 Williamsburg Classic1BR,1BA$809
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$839
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
The Life at White PinesPINE1BR,1BA$849
Mariners Village Apartments0 Bedroom 1 BathroomStudio,1BA$850

Best Value Apartments for Rent in Aspen Ridge, IN

As of April 29, 2026 the best value apartment in the Aspen Ridge area is the $1.28 price per square foot The Chesapeake Model at Eagle Lake Landing in the in the Cheswick Place neighborhood starting from $1,423. The second greatest value Aspen Ridge apartment is the ??** Waiting List ** 3 Bed / 1.5 Bath Small Tow... Model at Villa Del Sol Apartments starting at $1,315 with a $1.20 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Aspen Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Lake LandingThe Chesapeake2BR,2BA$1.28
Villa Del Sol Apartments??** Waiting List ** 3 Bed / 1.5 Bath Small Tow...3BR,1.5BA$1.20
The Life at Wood Springs2 BEDROOM | 2 BATHROOM B2BR,2BA$1.30
The Life at Northwest Gardens2x1.52BR,1.5BA$1.30
Stanford CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.17
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Brickyard FlatsB12BR,1BA$1.27
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.18
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
The Meadows Apartment Homes1x1 Williamsburg Classic1BR,1BA$1.26

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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.

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Aspen Ridge, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Aspen Ridge Apartments

What is a cheap apartment in Aspen Ridge?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Aspen Ridge is under $850.

What is the price of a cheap apartment in Aspen Ridge?

The cheapest apartment in Aspen Ridge is The Life at Wood Springs which is listed at $780, while the average apartment in Aspen Ridge costs $1,595.

What types of apartments are the cheapest in Aspen Ridge?

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 74 regular apartments in Aspen Ridge 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 Aspen Ridge?

Cheap apartments in Aspen Ridge have an average cost of $330 which is $1,265 cheaper than the average rent for all rentals in Aspen Ridge.

Expert Rental Resources

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Articles, How-To's, and Tips

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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