
Cheap 3 Bedroom Apartments for Rent in the Broad Ripple Neighborhood of Indianapolis, IN from $1,149 (10 Rentals)


The Pines at SoBro

Jade North Apartments

Summit at Keystone

A62 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.

Chateau in the Woods

Somerset Lakes

Trails at Lakeside

Meridian Lakes

2360 Durham Dr
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.
Broad Ripple, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Broad Ripple?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Broad Ripple Studio Apartments | $1,364 | $649 | $5,104 |
| Broad Ripple 1 Bedroom Apartments | $1,339 | $842 | $2,852 |
| Broad Ripple 2 Bedroom Apartments | $1,624 | $949 | $5,642 |
Broad Ripple 3 Bedroom Apartments | $1,943 | $1,149 | $6,161 |
| Broad Ripple 4 Bedroom Apartments | $1,429 | $1,429 | $1,429 |
Explore Indianapolis
Frequently Asked Questions about Cheap Broad Ripple Apartments
What is a cheap apartment in Broad Ripple?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Broad Ripple is under $929.
What is the price of a cheap apartment in Broad Ripple?
The cheapest apartment in Broad Ripple is Broad Ripple Trails which is listed at $1,149, while the average apartment in Broad Ripple costs $1,634.
What types of apartments are the cheapest in Broad Ripple?
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 27 regular apartments in Broad Ripple 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 Broad Ripple?
Cheap apartments in Broad Ripple have an average cost of $645 which is $989 cheaper than the average rent for all rentals in Broad Ripple.
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
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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
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Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.