Cheap Apartments for Rent in the Ravenswood Neighborhood of Indianapolis, IN from $800 (35 Rentals)

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

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property at 2006 Randall Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

2006 Randall Rd

IndianapolisIN46240
property at 6401 Central Ave

$1,700 - $1,750

2 Bedroom Rentals

Available Now

6401 Central Ave

IndianapolisIN46220
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included

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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240
Showing Results 1-35, Page 1 of 1

Ravenswood, Indianapolis, IN Local Guide

Cheapest Available Ravenswood Apartments for Rent

 

The cheapest available apartment rental in the Ravenswood area of Indianapolis, IN is a 1 Bed unit found at Summit at Keystone priced from $919. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Ravenswood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Summit at KeystoneThe Aspen1BR,1BA$919
Wellington Square Apartments1BR/1BA1BR,1BA$926
Williamsburg NorthAshland1BR,1BA$950
River HouseEvanstonStudio,1BA$1,082
Chateau in the Woods1 Bd/1 Ba Sm WD RHN1BR,1BA$1,084
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$1,096
Jade North ApartmentsPlan H2BR,1BA$1,104
NorthviewA2 Marina1BR,1BA$1,134
The RippleStudio - Front SideStudio,1BA$1,250
VersaDecoStudio,1BA$1,269

Best Value Apartments for Rent in Ravenswood, IN

As of April 28, 2026 the best value apartment in the Ravenswood area is the $1.09 price per square foot Sanctuary: Two Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,462. The second greatest value Ravenswood apartment is the Plan E Model at Jade North Apartments starting at $1,275 with a $1.12 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Ravenswood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.09
Jade North ApartmentsPlan E3BR,1.5BA$1.12
82 FlatsB2 Rothko2BR,2BA$1.62
A62 ApartmentsDuMonde Luxe2BR,1BA$1.56
Lake Clearwater ApartmentsCrane1BR,1BA$1.67
Williamsburg NorthAshland1BR,1BA$1.21
Chateau in the Woods1 Bd/1 Ba Sm WD RHN1BR,1BA$1.52
Summit at KeystoneThe Aspen1BR,1BA$1.31
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
NorthviewA2 Marina1BR,1BA$1.77

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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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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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
Ravenswood, Indianapolis, IN

Ranked #55

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 and neighborhoods across the USA, including Ravenswood, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Ravenswood Apartments

What is a cheap apartment in Ravenswood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ravenswood is under $1,269.

What is the price of a cheap apartment in Ravenswood?

The cheapest apartment in Ravenswood is Summit at Keystone which is listed at $919, while the average apartment in Ravenswood costs $3,483.

What types of apartments are the cheapest in Ravenswood?

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 5 regular apartments in Ravenswood 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 Ravenswood?

Cheap apartments in Ravenswood have an average cost of $151 which is $3,332 cheaper than the average rent for all rentals in Ravenswood.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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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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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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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