Cheap Apartments for Rent in the Ransom Place Neighborhood of Indianapolis, IN from $579 (78 Rentals)

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

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Ralston Apartments
Rent Specials
$1,090 - $2,895

Total Monthly Price

Base Rent$1,090 - $2,895
Total Monthly Price$1,090 - $2,895
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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Rent According to Income: A Look at Income-Restricted Rentals

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9 On Canal
Rent Specials
$1,163 - $3,568

Total Monthly Price

Base Rent$1,163 - $3,568
Total Monthly Price$1,163 - $3,568
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 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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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
  • Utilities Included

Ransom Place - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Traymore Apartments
Studio to 2 Bedroom Apartments

Traymore Apartments

1402 N Alabama StIndianapolis, IN 46202
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St. Regis
Studio to 2 Bedroom Apartments

St. Regis

26 E 14th StIndianapolis, IN 46202
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Capitol Manor
1 Bedroom Apartments

Capitol Manor

842 N Capitol AveIndianapolis, IN 46204
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The Whitaker
1 to 2 Bedroom Apartments

The Whitaker

1504 N Pennsylvania StIndianapolis, IN 46202
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Canal Gardens
1 to 2 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

226 E 12th StIndianapolis, IN 46202
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Senate Manor
Studio to 1 Bedroom Apartments

Senate Manor

545-551 N Senate AveIndianapolis, IN 46204

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at Dunbar Court priced from $675. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Dunbar CourtStudioStudio, 1BA$675
INDY FLATSSherwood Std DStudio, 1BA$675
The WashingtonStudioStudio, 1BA$765
St. RegisThe Carlyle1BR, 1BA$774
1733 N. Meridian1BR1BR, 1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio, 1BA$799
The Davlan2-12BR, 1BA$846
St. Agnes ApartmentsOne Bedroom Deluxe 3rd-4th*1BR, 1BA$875
Senate ManorS.1 AStudio, 1BA$926
Circle CityS4 WinterhouseStudio, 1BA$949

Best Value Apartments for Rent in Ransom Place, IN

As of September 16, 2026 the best value apartment in the Ransom Place area is the $1.19 price per square foot 3 Bedroom 2.5 Bath Model at The Block in the Riley neighborhood starting from $2,099. The second greatest value Ransom Place apartment is the Star Townhome Model at Pulliam Square in the Riley neighborhood starting at $2,654 with a $1.51 price per square foot. 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.
The Block3 Bedroom 2.5 Bath3BR, 2.5BA$1.19
Pulliam SquareStar Townhome2BR, 2BA$1.51
946 MLKB33BR, 2BA$1.14
Ralston ApartmentsIris2BR, 2BA$1.51
The Davlan2-12BR, 1BA$0.95
Gardens of Canal CourtOne Bedroom One Bath (875 Square Feet)1BR, 1BA$1.53
The Avenue2x22BR, 2BA$1.18
Drake Street Garden HomesTwo Bedroom2BR, 1BA$1.33
1733 N. Meridian1BR1BR, 1BA$1.04
St. Agnes ApartmentsOne Bedroom Deluxe 3rd-4th*1BR, 1BA$1.17

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #21

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.

Frequently Asked Questions about Cheap Ransom Place Apartments

What is a cheap apartment in Ransom Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ransom Place is under $949.

What is the price of a cheap apartment in Ransom Place?

The cheapest apartment in Ransom Place is St. Regis which is listed at $774, while the average apartment in Ransom Place costs $1,499.

What types of apartments are the cheapest in Ransom Place?

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 70 regular apartments in Ransom Place 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 Ransom Place?

Cheap apartments in Ransom Place have an average cost of $291 which is $1,208 cheaper than the average rent for all rentals in Ransom Place.

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

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

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