Cheap Apartments for Rent in the Broad Ripple Neighborhood of Indianapolis, IN from $600 (21 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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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
Showing Results 1-21, 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. The Pines at SoBro has the second lowest priced unit, which is a Studio apartment currently listed from $704. Here are the most affordable Broad Ripple apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
The Pines at SoBroStudio ApartmentStudio,1BA$704
Broad Ripple TrailsSTUD-SStudio,1BA$839
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$850
Chateau De VilleBordeauxStudio,1BA$863

Best Value Apartments for Rent in Broad Ripple, IN

As of June 26, 2025 the best value apartment in the Broad Ripple area is the $1.19 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 $2,200. The second greatest value Broad Ripple apartment is the Orchid Model at Everly at Meridian Hills starting at $1,779 with a $1.07 price per square foot in the Faith Knoll 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.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsOrchid3BR,2BA$1.07
Somerset LakesLeisure: One Bedroom Apartment With Den1BR,1BA$1.36
Edgewater Apartments2 Bedroom2BR,2BA$1.42
Edison at Meridian Hills1 Bedroom 1.5 Bath1BR,1.5BA$1.21
WoodlakeTwo Bedroom Apartment Large2BR,1BA$1.44
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.34
Harbour PointeThe Hideaway1BR,1BA$1.43
Jade North ApartmentsPlan G1BR,1BA$1.29
Wellington Square Apartments1BR/1BA1BR,1BA$1.35

Getting Around the Broad Ripple Neighborhood in Indianapolis, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $999.

What is the price of a cheap apartment in Broad Ripple?

The cheapest apartment in Broad Ripple is Carrollton Manor Apartments which is listed at $850, while the average apartment in Broad Ripple costs $1,650.

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 16 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 $121 which is $1,529 cheaper than the average rent for all rentals in Broad Ripple.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.