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from $370Studio to 2 Bedroom Apartments Available Now
The Stella
1815-1927 N Meridian StIndianapolis, IN 46202
Cheap Apartments for Rent in the Ransom Place Neighborhood of Indianapolis, IN from $300 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ransom Place area of Indianapolis.
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from $640Studio to 1 Bedroom Apartments Contact Us For Availability
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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from $7501 Bedroom Apartments Available Jul 15
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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from $775Studio Apartments Available Jun 13
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
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from $8451 Bedroom Apartments Available Soon
The Whitaker
1504 N Pennsylvania StIndianapolis, IN 46202
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from $895Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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from $910Studio to 2 Bedroom Apartments Available Now
Circle City Apartments
1321 N Meridian StIndianapolis, IN 46202
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from $9501 Bedroom Apartments Available Now
Christian Place Apartments
824 N Alabama StIndianapolis, IN 46204
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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from $9891 to 2 Bedroom Apartments Available Now
Lockefield Gardens
737 Lockefield LnIndianapolis, IN 46202
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from $9901 Bedroom Apartments Available Jul 14
Devonshire Apartments in Downtown Indianapolis
412 N Alabama StIndianapolis, IN 46204
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from $1,000Studio Apartment Available Now
615 W 10th St, Unit Downstairs
615 W 10th StIndianapolis, IN 46202
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from $1,0001 Bedroom Apartments Available Now
Indy Colonial Apartments
402-406 N Delaware StIndianapolis, IN 46204
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from $1,047Studio to 3 Bedroom Apartments Available Now
Riley Towers
650 N Alabama StIndianapolis, IN 46204
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from $1,0921 to 4 Bedroom Apartments Available Now
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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from $1,1002 Bedroom Apartments Available Aug 14
Drake Street Garden Homes
512-568 Drake StIndianapolis, IN 46202
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from $1,115Studio to 2 Bedroom Apartments Available Jun 30
Vanguard at 16 Tech
1410 Breedlove LnIndianapolis, IN 46202
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from $1,115Studio to 2 Bedroom Apartments Available Now
Stadium Lofts & Flats
1501 W 16th StIndianapolis, IN 46202
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from $1,117Studio to 2 Bedroom Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
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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from $1,1291 Bedroom Apartments Available Now
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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from $1,1851 Bedroom Apartments Available Jul 15
Apollo & Aurora Apartments
1101 N Alabama StIndianapolis, IN 46202
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from $1,1951 to 3 Bedroom Apartments Available Jun 6
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $1,2001 to 2 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
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from $1,2001 Bedroom Apartments Available Now
402 N Delaware St
402 N Delaware StIndianapolis, IN 46204
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from $1,2001 Bedroom Apartments Available Jun 15
126 E Vermont St
126 E Vermont StIndianapolis, IN 46204
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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from $1,2001 to 3 Bedroom Apartments Available Now
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $1,2491 to 2 Bedroom Apartments Available Now
Gardens of Canal Court
434 Canal Court South DrIndianapolis, IN 46202
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from $1,2501 Bedroom Apartments Available Now
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1040 N Delaware StIndianapolis, IN 46202
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from $1,264Studio to 2 Bedroom Apartments Available Now
Wesley Place
75 W 18th StIndianapolis, IN 46202
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from $1,2951 to 2 Bedroom Apartments Available Now
1301 N Alabama St
1301 N Alabama StIndianapolis, IN 46202
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from $1,2991 Bedroom Apartments Available Jun 10
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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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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Ransom Place, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Ransom Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ransom Place Studio Apartments | $1,280 | $370 | $3,262 |
| Ransom Place 1 Bedroom Apartments | $1,536 | $398 | $4,010 |
| Ransom Place 2 Bedroom Apartments | $2,316 | $483 | $9,099 |
| Ransom Place 3 Bedroom Apartments | $3,097 | $1,749 | $6,980 |
| Ransom Place 4 Bedroom Apartments | $1,565 | $989 | $2,787 |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 1 mile radius of the Ransom Place Neighborhood of Indianapolis, IN.
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Ransom Place, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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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 The Stella priced from $393. The Seminole has the second lowest priced unit, which is a 1 Bed apartment currently listed from $833. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stella | Vega 30% | Studio,1BA | $393 |
| The Seminole | 1br | 1BR,1BA | $833 |
| Priscilla on Pennsylvania | Studio - Second Floor | Studio,1BA | $895 |
| Christian Place Apartments | 25 | 1BR,1BA | $950 |
| Circle City Apartments | Van Dyke Studio 463 | Studio,1BA | $970 |
| Van Dyke | Van Dyke Studio 463 | Studio,1BA | $970 |
| Lockefield Gardens | Standard One Bedroom (SR4) | 1BR,1BA | $989 |
| Indy Colonial Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,000 |
| Senate Manor | 1.1 Ap | 1BR,1BA | $1,005 |
Best Value Apartments for Rent in Ransom Place, IN
As of June 04, 2025 the best value apartment in the Ransom Place area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Ransom Place apartment is the 2 Bedroom Model at 1301 N Alabama St starting at $2,250 with a $1.36 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Ransom Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $1.08 |
| 1301 N Alabama St | 2 Bedroom | 2BR,1BA | $1.36 |
| The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,311 Square Feet) | 2BR,2BA | $1.28 |
| Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
| 615 W 10th St, Unit Downstairs | 615 W 10th St | Studio ,1BA | $1.25 |
| Nine+Eighteen | The St. Joe | 1BR,1BA | $1.74 |
| The Seminole | 1br | 1BR,1BA | $1.13 |
| Indiana Flats and Townhomes | 2 x 1 Townhome | 2BR,1BA | $1.63 |
| Illinois Street Senior Apartments | 1BR 1A 60% | 1BR,1BA | $1.68 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRansom Place, Indianapolis, IN
Ranked #14
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 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 $1,005.
What is the price of a cheap apartment in Ransom Place?
The cheapest apartment in Ransom Place is The Stella which is listed at $398, while the average apartment in Ransom Place costs $2,275.
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 18 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 $659 which is $1,616 cheaper than the average rent for all rentals in Ransom Place.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.