Cheap Apartments for Rent in the Ravenswood Neighborhood of Indianapolis, IN from $700 (26 Rentals)

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

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.

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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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included

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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Northview
1 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240

Ravenswood - 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!

property at 6128 Winthrop Ave

6128 Winthrop Ave

IndianapolisIN46220
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Monon Park
1 Bedroom Apartments

Monon Park

5801 N Olney StIndianapolis, IN 46220
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Shore Acres
1 to 2 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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VITRA Apartments
1 to 2 Bedroom Apartments

VITRA Apartments

8785 Keystone XingIndianapolis, IN 46240
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5858 N College Ave
Studio to 3 Bedroom Apartments

5858 N College Ave

5858 N College AveIndianapolis, IN 46220

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 Lincolnshire Broad Ripple priced from $875. A62 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $891. Here are the most affordable Ravenswood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lincolnshire Broad Ripple1 Bedroom Garden Level1BR,1BA$875
A62 ApartmentsLePetit Luxe1BR,1BA$891
Wellington Square Apartments1BR/1BA1BR,1BA$926
Jade North ApartmentsPlan G1BR,1BA$950
Williamsburg NorthAshland1BR,1BA$950
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1,044
NorthviewBeacon1BR,1BA$1,099
Edgewater Apartments1 Bedroom1BR,1BA$1,186
Shore AcresTrail1BR,1BA$1,279
VITRA ApartmentsCarbon Reimagined1BR,1BA$1,299

Best Value Apartments for Rent in Ravenswood, IN

As of May 31, 2025 the best value apartment in the Ravenswood area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Ravenswood apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,200 with a $1.19 price per square foot in the Warfleigh 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.
Pinnacle on MeridianTwo Bedroom with Bonus Room (7176B2)2BR,2BA$1.32
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Somerset LakesLeisure: One Bedroom Apartment With Den1BR,1BA$1.32
River CrossingRiver Rock2BR,1BA$1.57
Edgewater Apartments1 Bedroom1BR,1BA$1.32
A62 ApartmentsDuMonde Luxe2BR,1BA$1.56
Williamsburg NorthAshland1BR,1BA$1.21
Jade North ApartmentsPlan G1BR,1BA$1.29
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Wellington Square Apartments1BR/1BA1BR,1BA$1.35

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Ravenswood, Indianapolis, IN

Ranked #40

Among neighborhoods in Indianapolis, IN 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!

Getting Around the Ravenswood Neighborhood in Indianapolis, IN

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

23 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Ravenswood Apartments

What is the Cheapest Studio apartment in Ravenswood?

Currently the most affordable Cheap Studio Apartment in Ravenswood is at Park 66 Flats listed at $1,315.

How much is rent for a Cheap One Bedroom Ravenswood Apartment?

The lowest price for a Cheap One Bedroom Ravenswood Apartment is $875 at Lincolnshire Broad Ripple.

What is the lowest price for a Cheap Two Bedroom Ravenswood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ravenswood is starting from $1,029 at Wellington Square Apartments.

What is the most affordable Ravenswood Three Bedroom Apartment?

The best deal on a cheap Ravenswood Three Bedroom Apartment rental is at Williamsburg North and starts from $1,350.

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 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.

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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.

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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.