Cheap Apartments for Rent in the Ransom Place Neighborhood of Indianapolis, IN from $500 (72 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

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Axis
Rent Specials
$1,164 - $3,244Studio to 2 Bedroom Apartments Available Now

Axis

401 N Senate AveIndianapolis, IN 46204
Corporate Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Northside Flats Apartments
Studio to 2 Bedroom Apartments

Northside Flats Apartments

1503 N Pennsylvania StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
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The Marleigh
Studio to 1 Bedroom Apartments

The Marleigh

1434-1448 N Delaware StIndianapolis, IN 46202
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1733 N. Meridian
1 Bedroom Apartments

1733 N. Meridian

1733 N Meridian StIndianapolis, IN 46202
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Capitol Manor
1 Bedroom Apartments

Capitol Manor

842 N Capitol AveIndianapolis, IN 46204
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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Ransom Place, Indianapolis, IN Local Guide

Cheapest Available Ransom Place Apartments for Rent

 

The cheapest available apartment rental in the Ransom Place area of Indianapolis, IN is a 2 Beds unit found at Canal Gardens priced from $891. The Whitaker has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Canal Gardens2.1 40%2BR,1BA$891
The WhitakerOne Bedroom1BR,1BA$895
Madison ApartmentsOne bedroom1BR,1BA$925
Senate ManorS.1 CStudio,1BA$930
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
Lockefield GardensStandard One Bedroom (SR3)1BR,1BA$991
Circle City ApartmentsWinterhouse Studio 410Studio,1BA$995
The Washington2 Bedroom2BR,1BA$1,025
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1,025
Christian Place Apartments81BR,1BA$1,025

Best Value Apartments for Rent in Ransom Place, IN

As of October 28, 2025 the best value apartment in the Ransom Place area is the $1.00 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,800. The second greatest value Ransom Place apartment is the 2 Bedroom 2 Bath Model at The Block starting at $1,999 with a $1.11 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Ransom Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$1.00
The Block2 Bedroom 2 Bath2BR,2BA$1.11
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.28
RaleighRaleigh 2B 10042BR,2BA$1.59
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1.05
Canal Gardens2.1 40%2BR,1BA$0.93
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1.60
The Washington2 Bedroom2BR,1BA$1.47
The WhitakerOne Bedroom1BR,1BA$1.49

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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Ransom Place, Indianapolis, IN

Ranked #22

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, apartment complexes for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Ransom Place Neighborhood in Indianapolis, IN

Walk Score®

82 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

96 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

52 / 100

Good Transit

Many 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 Ransom Place Apartments

What is the Cheapest Studio apartment in Ransom Place?

Currently the most affordable Cheap Studio Apartment in Ransom Place is at Senate Manor listed at $930.

How much is rent for a Cheap One Bedroom Ransom Place Apartment?

The lowest price for a Cheap One Bedroom Ransom Place Apartment is $895 at The Whitaker.

What is the lowest price for a Cheap Two Bedroom Ransom Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ransom Place is starting from $891 at Canal Gardens.

What is the most affordable Ransom Place Three Bedroom Apartment?

The best deal on a cheap Ransom Place Three Bedroom Apartment rental is at Ralston Apartments and starts from $2,067.

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.