
Cheap Apartments for Rent in the Broad Ripple Village Neighborhood of Indianapolis, IN from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Broad Ripple Village area of Indianapolis.


Monon Walk Apartments

Wellington Square Apartments

Lincolnshire Broad Ripple

Jade North Apartments
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.

Broad Ripple Flats

River House

The Line

Versa

6721 Riverfront Ave, Unit Studio
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

The Coil

Shore Acres

Compton Court Apartments

1827 E 66th St

The MK
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $1,358 | $649 | $5,274 |
| Broad Ripple Village 1 Bedroom Apartments | $1,499 | $842 | $1,950 |
| Broad Ripple Village 2 Bedroom Apartments | $2,014 | $1,029 | $4,839 |
| Broad Ripple Village 3 Bedroom Apartments | $2,236 | $1,275 | $2,715 |
Browse Apartments in this Neighborhood
There are currently 15 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 |
| Lincolnshire Broad Ripple | Studio Upper Levels | Studio,1BA | $875 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
| Jade North Apartments | Plan H | 2BR,1BA | $1,104 |
Best Value Apartments for Rent in Broad Ripple Village, IN
As of June 11, 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 C1 Park Model at Shore Acres starting at $2,625 with a $1.70 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 |
| Shore Acres | C1 Park | 3BR,2BA | $1.70 |
| Jade North Apartments | Plan H | 2BR,1.5BA | $1.10 |
| Broad Ripple Apartments | Quad Townhome | 2BR,1.5BA | $1.65 |
| Edgewater Apartments | 2 Bedroom | 2BR,2BA | $1.40 |
| Park 66 Flats | Coronado | 1BR,1BA | $1.94 |
| Monon Living | Monon Place II - 1 Bedroom | 1BR,1BA | $1.96 |
| The Line | Central Pacific | 1BR,1BA | $2.05 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
| Monon Walk Apartments | Studio | Studio ,1BA | $1.35 |
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.
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 the Cheapest Studio apartment in Broad Ripple Village?
Currently the most affordable Cheap Studio Apartment in Broad Ripple Village is at Glenstone Studios listed at $665.
How much is rent for a Cheap One Bedroom Broad Ripple Village Apartment?
The lowest price for a Cheap One Bedroom Broad Ripple Village Apartment is $910 at Monon Walk Apartments.
What is the lowest price for a Cheap Two Bedroom Broad Ripple Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Broad Ripple Village is starting from $1,029 at Wellington Square Apartments.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.