Cheap Apartments for Rent in the Ravenswood Neighborhood of Indianapolis, IN from $700 (27 Rentals)

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

property at 1504 Stamm Ave

1504 Stamm Ave, Unit 1

1504 Stamm Ave
IndianapolisIN46240
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Monon Park
1 to 3 Bedroom Apartments

Monon Park

5801 N Olney StIndianapolis, IN 46220
Corporate Housing
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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
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Summit at Keystone
1 to 3 Bedroom Apartments

Summit at Keystone

6630 Glenbrook DrIndianapolis, 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 Monon Park priced from $796. Lincolnshire Broad Ripple has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Ravenswood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Monon Park1 Bed 1 Bath1BR,1BA$796
Lincolnshire Broad RippleStudio Upper LevelsStudio,1BA$875
Wellington Square Apartments1BR/1BA1BR,1BA$926
Jade North ApartmentsPlan G1BR,1BA$950
Williamsburg NorthAshland1BR,1BA$950
A62 ApartmentsLePetit Luxe1BR,1BA$1,014
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1,044
Summit at KeystoneThe Cortina2BR,1BA$1,074
River HouseEvanstonStudio,1BA$1,080
NorthviewBeacon1BR,1BA$1,099

Best Value Apartments for Rent in Ravenswood, IN

As of November 01, 2025 the best value apartment in the Ravenswood area is the $1.23 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,699. 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$1.23
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Edgewater Apartments2 Bedroom2BR,2BA$1.32
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.25
Summit at KeystoneThe Breckinridge2BR,1BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Jade North ApartmentsPlan G1BR,1BA$1.29
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon Park1 Bed 1 Bath1BR,1BA$1.33

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Pet Friendly Lifestyle
Ravenswood, Indianapolis, IN

Ranked #29

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

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 Lincolnshire Broad Ripple listed at $875.

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

The lowest price for a Cheap One Bedroom Ravenswood Apartment is $796 at Monon Park.

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 Summit at Keystone and starts from $1,209.

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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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! 

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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.