Cheap Homes for Rent in Ransom Place Neighborhood of Indianapolis, IN from $500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Ransom Place 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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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 The Washington priced from $775. Canal Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $891. Here are the most affordable Ransom Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The WashingtonStudioStudio,1BA$775
Canal Gardens2.1 40%2BR,1BA$891
The Continental Towers at Vermont PlaceContinental - Willard1BR,1BA$899

Best Value Apartments for Rent in Ransom Place, IN

As of September 09, 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 1924 N Talbott St Model at 1924 N Talbott St, Unit 4 starting at $1,900 with a $1.23 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$1.08
1924 N Talbott St, Unit 41924 N Talbott St3BR,2BA$1.23
The Block1 Bedroom 1 Bath1BR,1BA$0.96
The Congress at Library SquareVonnegut2BR,2BA$1.55
Penn Street Tower ApartmentsSenate 2 Bedroom 1 Bath Apartment at 115 Penn A...2BR,1BA$1.37
Canal Gardens2.1 40%2BR,1BA$0.93
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Drake Street Garden HomesTwo Bedroom2BR,1BA$1.38
The WhitakerTwo Bedrooms, One Bathroom2BR,1BA$1.33
The Seminole1br1BR,1BA$1.28

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Pet Friendly Lifestyle
Ransom Place, Indianapolis, IN

Ranked #24

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Ransom Place

What type of rentals are currently available in Ransom Place?

There are currently 145 Apartments for Rent in Ransom Place, IN with pricing that ranges from $581 to $5,706. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ransom Place ranging from $500 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 $500 to $4,000 with an average monthly rent of $1,473.

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 $1,499 to $5,565, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $3,500. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $989.

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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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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.