Cheap Apartments for Rent in the Broad Ripple Neighborhood of Indianapolis, IN from $600 (42 Rentals)

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

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property at 6351 Broadway St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 2 Bath Townhome for Rent

Available May 16

6351 Broadway St

IndianapolisIN46220
property at 6401 Central Ave

$1,700 - $1,750

2 Bedroom Rentals

Available Now

6401 Central Ave

IndianapolisIN46220

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Showing Results 1-42, Page 1 of 1

Cheapest Available Broad Ripple Apartments for Rent

 

The cheapest available apartment rental in the Broad Ripple area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $649. Broad Ripple Trails has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Broad Ripple apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Broad Ripple TrailsSTUD-SStudio,1BA$799
Monon Walk ApartmentsStudioStudio,1BA$810
Lincolnshire ApartmentsStudio Upper LevelsStudio,1BA$875
Trails at LakesideVictoria1BR,1BA$895
A62 ApartmentsLePetit1BR,1BA$899
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
Summit at KeystoneThe Aspen1BR,1BA$919
Wellington Square Apartments1BR/1BA1BR,1BA$926
BrocktonS1 Brockton VillageStudio,1BA$929

Best Value Apartments for Rent in Broad Ripple, IN

As of May 10, 2026 the best value apartment in the Broad Ripple area is the $1.03 price per square foot Lilac Model at Everly at Meridian Hills in the in the Faith Knoll neighborhood starting from $1,439. The second greatest value Broad Ripple apartment is the Sanctuary: Two Bedroom Apartment Model at Somerset Lakes starting at $1,509 with a $1.13 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Broad Ripple apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Everly at Meridian HillsLilac2BR,2BA$1.03
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.13
Jade North ApartmentsPlan E3BR,1.5BA$1.12
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
WoodlakeTwo Bedroom Townhome2BR,1.5BA$1.29
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
Summit at KeystoneThe Aspen1BR,1BA$1.31
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon Walk ApartmentsStudioStudio ,1BA$1.35

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 $849, 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.

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