Cheap Apartments for Rent in the Aspen Ridge Neighborhood of Indianapolis, IN from $675 (30 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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Aragon Woods
Studio to 3 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • 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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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
Showing Results 1-30, 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 $675. Eagle Creek Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable Aspen Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio, 1BA$675
Eagle Creek CourtStandard One Bedroom (SN1)1BR, 1BA$779
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR, 1BA$780
Garden Pointe ApartmentsLily StudioStudio, 1BA$795
Darby CourtStandard One Bedroom (SN1)1BR, 1BA$809
Mariners Village Apartments0 Bedroom 1 BathroomStudio, 1BA$830
Stanford CourtStandard One Bedroom (SN4)1BR, 1BA$831
Brickyard FlatsA11BR, 1BA$875
The Stratford Apartments1x1 - Classic1BR, 1BA$879
WoodbrookThe Pine1BR, 1BA$890

Best Value Apartments for Rent in Aspen Ridge, IN

As of September 20, 2026 the best value apartment in the Aspen Ridge area is the $1.15 price per square foot Collaborate Model at Eagle Creek by Spark Living in the Timberview neighborhood starting from $1,564. The second greatest value Aspen Ridge apartment is the Newport 1 Model at Runaway Bay Apartments in the Cheswick Place neighborhood starting at $1,459 with a $1.29 price per square foot. 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 Creek by Spark LivingCollaborate3BR, 2BA$1.15
Runaway Bay ApartmentsNewport 12BR, 2BA$1.29
Eagle Lake LandingThe Chesapeake2BR, 2BA$1.16
Villa Del Sol Apartments??** Waiting List ** 3 Bed / 1.5 Bath Small Tow...3BR, 1.5BA$1.20
Stanford CourtTwo Bedroom Two Bathroom (C3M)2BR, 2BA$1.17
6115 W 25th St6115 W 25th St2BR, 1BA$1.10
The Life at Wood Springs2 BEDROOM | 1 BATHROOM A2BR, 1BA$1.24
The Life at Northwest Gardens2 BED 1 BATH2BR, 1BA$1.22
The Maywood at SpeedwayThe Vesuvio1BR, 1BA$1.29
Brickyard FlatsA11BR, 1BA$1.27

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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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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.

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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 $890.

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

The cheapest apartment in Aspen Ridge is Eagle Creek Court which is listed at $779, while the average apartment in Aspen Ridge costs $1,185.

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 44 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 $176 which is $1,009 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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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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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