Cheap Apartments for Rent in the Dakota Ridge Neighborhood of Indianapolis, IN from $700 (14 Rentals)

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

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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.

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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221
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Lighthouse Landings
1 to 2 Bedroom Apartments

Lighthouse Landings

6640 Heron Neck DrIndianapolis, IN 46217

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Dakota Ridge, Indianapolis, IN Local Guide

Cheapest Available Dakota Ridge Apartments for Rent

 

The cheapest available apartment rental in the Dakota Ridge area of Indianapolis, IN is a 1 Bed unit found at Brookwood Apartments priced from $841. Capital Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. Here are the most affordable Dakota Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Brookwood ApartmentsElm1BR,1BA$841
Capital PlaceTwo Bedroom One Bath w/Den2BR,1BA$899
Meridian Court SouthHideaway 1 & 21BR,1BA$920
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$967
Martinique Terrace2 Bed/1 Ba Standard Dn2BR,1BA$999

Best Value Apartments for Rent in Dakota Ridge, IN

As of October 22, 2025 the best value apartment in the Dakota Ridge area is the $1.14 price per square foot 3 Bedrooms 2 Baths- Phase I Model at Aspen Lakes in the in the Southern Homes neighborhood starting from $1,725. The second greatest value Dakota Ridge apartment is the 3Bd/2Ba Up W/D Model at Martinique Terrace starting at $1,614 with a $1.24 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Dakota Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Lakes3 Bedrooms 2 Baths- Phase I3BR,2BA$1.14
Martinique Terrace3Bd/2Ba Up W/D3BR,2BA$1.24
Southern DunesOasis2BR,2BA$1.45
Lighthouse LandingsEagle`s Island Fireplace2BR,1BA$1.39
Hanna VillageConcord2BR,1BA$1.54
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.12
Dakota RidgeLakota1BR,1BA$1.41
Pine GlenOak Renovated2BR,1BA$1.47
Brookwood ApartmentsEvergreen Three1BR,1BA$1.22
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$1.57

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your 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

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Pet Friendly Lifestyle
Dakota Ridge, Indianapolis, IN

Ranked #171

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Dakota Ridge Neighborhood in Indianapolis, IN

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Dakota Ridge Apartments

What is the price of a cheap apartment in Dakota Ridge?

The cheapest apartment in Dakota Ridge is Brookwood Apartments which is listed at $901, while the average apartment in Dakota Ridge costs $1,717.

What types of apartments are the cheapest in Dakota Ridge?

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 11 regular apartments in Dakota Ridge 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 Dakota Ridge?

Cheap apartments in Dakota Ridge have an average cost of $214 which is $1,503 cheaper than the average rent for all rentals in Dakota Ridge.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.