Cheap Apartments for Rent in the Broad Ripple Village Neighborhood of Indianapolis, IN from $649 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Broad Ripple Village area of Indianapolis.

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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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The MK
Studio to 3 Bedroom Apartments

The MK

5858 N College AveIndianapolis, IN 46220
Corporate Housing

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Broad Ripple Village, Indianapolis, IN Local Guide

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 $649. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Broad Ripple Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Wellington Square Apartments1BR/1BA1BR,1BA$926
Jade North ApartmentsPlan H2BR,1BA$1,104
Broad Ripple Flats2x1.52BR,1BA$1,226
Shore AcresA6 Trail1BR,1BA$1,279

Best Value Apartments for Rent in Broad Ripple Village, IN

As of September 10, 2026 the best value apartment in the Broad Ripple Village area is the $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.36
The Ripple2 Bedroom 2 Bath2BR,2BA$1.77
The Win7179B12BR,2.5BA$2.01
Jade North ApartmentsPlan H2BR,1.5BA$1.10
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Edgewater Apartments1 Bedroom1BR,1BA$1.44
Shore AcresA7 Monon Line1BR,1BA$1.80
Park 66 FlatsCoronado1BR,1BA$1.81
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon LivingMonon Place II - StudioStudio ,1BA$2.28

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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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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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 $1,396.

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 $1,519.

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 8 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.

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