
Cheap Apartments for Rent in the Broad Ripple Village Neighborhood of Indianapolis, IN from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Broad Ripple Village area of Indianapolis.


Glenstone Studios

Monon Walk Apartments

Wellington Square Apartments

Lincolnshire Apartments

Jade North Apartments

Broad Ripple Flats
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Versa

6721 Riverfront Ave

The Ripple

Monon Living

Park 66 Flats

The Coil

The Line
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Edgewater Apartments

River House

Shore Acres

Compton Court Apartments

6048 N College Ave

The MK
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67 W Westfield Blvd
Broad Ripple Village, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Broad Ripple Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Broad Ripple Village Studio Apartments | $1,369 | $649 | $5,283 |
| Broad Ripple Village 1 Bedroom Apartments | $1,503 | $842 | $2,148 |
| Broad Ripple Village 2 Bedroom Apartments | $1,953 | $1,029 | $4,936 |
| Broad Ripple Village 3 Bedroom Apartments | $1,915 | $1,275 | $2,449 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Broad Ripple Village Neighborhood of Indianapolis, IN.
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Broad Ripple Village, Indianapolis, IN Local Guide
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Cheapest Available Broad Ripple Village Apartments for Rent
 The cheapest available apartment rental in the Broad Ripple Village area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $665. Monon Walk Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Broad Ripple Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenstone Studios | Studio | Studio,1BA | $665 |
| Monon Walk Apartments | Studio | Studio,1BA | $810 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
| Jade North Apartments | Plan H | 2BR,1BA | $1,104 |
| Versa | Deco | Studio,1BA | $1,269 |
Best Value Apartments for Rent in Broad Ripple Village, IN
As of July 27, 2026 the best value apartment in the Broad Ripple Village area is the $1.44 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,450. The second greatest value Broad Ripple Village apartment is the 2 Bedroom 2 Bath Model at The Ripple starting at $2,100 with a $1.77 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Broad Ripple Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.44 |
| The Ripple | 2 Bedroom 2 Bath | 2BR,2BA | $1.77 |
| Park 66 Flats | Knickerbocker | 2BR,2BA | $1.72 |
| Jade North Apartments | Plan H | 2BR,1.5BA | $1.10 |
| The MK | A3 | 1BR,1BA | $2.00 |
| Versa | Classic | 1BR,1BA | $2.42 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
| Monon Walk Apartments | Studio | Studio ,1BA | $1.35 |
| Monon Living | Monon Place II - Studio | Studio ,1BA | $2.39 |
| Glenstone Studios | Studio | Studio ,1BA | $2.66 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick 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.
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Broad Ripple Village, Indianapolis, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Broad Ripple Village Apartments
What is a cheap apartment in Broad Ripple Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Broad Ripple Village is under $2,100.
What is the price of a cheap apartment in Broad Ripple Village?
The cheapest apartment in Broad Ripple Village is Wellington Square Apartments which is listed at $926, while the average apartment in Broad Ripple Village costs $2,021.
What types of apartments are the cheapest in Broad Ripple Village?
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 5 regular apartments in Broad Ripple Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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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Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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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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