Cheap Apartments for Rent in the Aspen Ridge Neighborhood of Indianapolis, IN from $600 (46 Rentals)

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

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Wylde at Eagle Creek
Rent Specials
$1,012 - $2,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,012 - $2,495
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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  • Customer Reviewed
  • 3D Tour

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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Auburn West Apartments
Rent Specials
$1,750 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $1,850
Total Monthly Price
$1,750 - $1,850
2 Bedroom Apartments Available Now

Auburn West Apartments

4969 W 16th StIndianapolis, IN 46224
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included

Aspen Ridge - 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!

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Aragon Woods
Studio to 3 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Marabou Mills
Studio to 2 Bedroom Apartments

Marabou Mills

3402 Marabou Mills DrIndianapolis, IN 46214
Corporate Housing
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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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Honey Creek Apartments
2 to 3 Bedroom Apartments

Honey Creek Apartments

3510 N High School RdIndianapolis, IN 46224
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
Showing Results 1-46, 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 Cambridge Commons priced from $719. The Life at Wood Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Aspen Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$719
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
Garden Pointe ApartmentsLily StudioStudio,1BA$795
The Stratford ApartmentsStudio W/ DenStudio,1BA$829
The Life at White PinesPINE1BR,1BA$849
The Meadows Apartment Homes1x1 Hartford Classic1BR,1BA$849
Darby CourtStandard One Bedroom (SN2)1BR,1BA$851
Fisherman's VillageA1 Cobalt1BR,1BA$869
Mariners Village Apartments1 Bedroom 1 Bathroom1BR,1BA$885
Woodhaven ParkOne Bedroom One Bath1BR,1BA$899

Best Value Apartments for Rent in Aspen Ridge, IN

As of July 30, 2026 the best value apartment in the Aspen Ridge area is the $0.85 price per square foot 2 Bedroom 2 Bathroom Model at Mariners Village Apartments in the in the Timberview neighborhood starting from $1,136. The second greatest value Aspen Ridge apartment is the 3x1.5 Townhome Renovated Model at The Meadows Apartment Homes starting at $1,519 with a $1.20 price per square foot in the Cheswick Place 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.
Mariners Village Apartments2 Bedroom 2 Bathroom2BR,2BA$0.85
The Meadows Apartment Homes3x1.5 Townhome Renovated3BR,1.5BA$1.20
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
Eagle Creek by Spark LivingExcite - Renovated2BR,1BA$1.29
WoodbrookThe Maple2BR,1BA$1.10
Brickyard FlatsB12BR,1BA$1.21
Astoria Park Apartment HomesTwo Bedroom - 850 sqft2BR,1BA$1.29
The Maywood at SpeedwayThe Napoli1BR,1BA$1.28
The Life at White PinesPINE1BR,1BA$1.22

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $899.

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 $1,600.

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 17 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 $202 which is $1,398 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.

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