
Cheap Homes for Rent in Ransom Place Neighborhood of Indianapolis, IN from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Ransom Place area of Indianapolis.


2 E Washington St

146 E 19th St

140 E 19th St

3 E Washington St

37 West St Clair Street
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.

406 N Delaware St

1717 N Talbott St
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.
Ransom Place, Indianapolis, IN Local Guide

How much does it cost to rent a home in Ransom Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ransom Place 2 Bedroom Homes for Rent | $1,939 | $849 | $4,000 |
| Ransom Place 3 Bedroom Homes for Rent | $1,930 | $1,295 | $3,600 |
| Ransom Place 4 Bedroom Homes for Rent | $1,965 | $1,450 | $2,650 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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
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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 INDY FLATS priced from $705. Devonshire Apartments in Downtown Indianapolis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $890 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
| The Whitaker | One Bedroom | 1BR,1BA | $895 |
| Madison Apartments | One bedroom | 1BR,1BA | $925 |
Best Value Apartments for Rent in Ransom Place, IN
As of November 02, 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 1 Bedroom 1 Bath Model at The Block starting at $1,599 with a $1.10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $1.00 |
| The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.10 |
| 1924 N Talbott St, Unit Unit 1 | 1924 N Talbott St | 2BR,2.5BA | $1.61 |
| Raleigh | Raleigh 2B 1004 | 2BR,2BA | $1.59 |
| Indy Colonial Apartments | 311 | 1BR,1BA | $1.05 |
| Gardens of Canal Court | One Bedroom One Bath (970 - 976 Square Feet) | 1BR,1BA | $1.32 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| The Whitaker | One Bedroom | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleYour 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleRansom Place, Indianapolis, IN
Ranked #20
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Ransom Place
What type of rentals are currently available in Ransom Place?
There are currently 144 Apartments for Rent in Ransom Place, IN with pricing that ranges from $581 to $5,706. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ransom Place ranging from $599 to $4,000.
What is the current price range for Rental Homes in Ransom Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ransom Place ranges from $599 to $4,000 with an average monthly rent of $1,594.
How much are larger Three and Four Bedroom Rentals in Ransom Place?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ransom Place range from $1,900 to $5,423, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $2,800.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



