Cheap Apartments for Rent in the Ravenswood Neighborhood of Indianapolis, IN from $700 (25 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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240

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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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Summit at Keystone
1 to 3 Bedroom Apartments

Summit at Keystone

6630 Glenbrook DrIndianapolis, IN 46220
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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240

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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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 Monon Park, Managed by Buckingham Monon Living priced from $746. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Ravenswood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$746
Wellington Square Apartments1BR/1BA1BR,1BA$842
Lincolnshire Broad RippleStudio Upper LevelsStudio,1BA$875
A62 ApartmentsLePetit Luxe1BR,1BA$899
Jade North ApartmentsPlan FStudio,1BA$900

Best Value Apartments for Rent in Ravenswood, IN

As of December 18, 2025 the best value apartment in the Ravenswood area is the $1.18 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. 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 Meridian7176B12BR,2BA$1.18
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Edgewater Apartments2 Bedroom2BR,2BA$1.40
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.23
Broad Ripple FlatsUpgraded 1, 2 and 2.15 bath apartments2BR,1BA$1.38
Williamsburg NorthAshland1BR,1BA$1.21
Summit at KeystoneThe Aspen1BR,1BA$1.43
Jade North ApartmentsPlan FStudio ,1BA$1.45
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$1.24
Wellington Square Apartments1BR/1BA1BR,1BA$1.52

Don'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.

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The 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.

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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 #35

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!

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

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 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 $1,099.

What is the price of a cheap apartment in Ravenswood?

The cheapest apartment in Ravenswood is Monon Park, Managed by Buckingham Monon Living which is listed at $746, while the average apartment in Ravenswood costs $2,694.

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 40 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 $211 which is $2,483 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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!