Cheap Apartments for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $700 (19 Rentals)

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

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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included
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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included
Showing Results 1-19, Page 1 of 1

Edgewood Avenue, Indianapolis, IN Local Guide

Cheapest Available Edgewood Avenue Apartments for Rent

 

The cheapest available apartment rental in the Edgewood Avenue area of Indianapolis, IN is a Studio unit found at Heathmoore - Indianapolis priced from $750. Emerson Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Heathmoore - IndianapolisStudio 1 BathStudio,1BA$750
Emerson VillageThe Cardinal - Premium1BR,1BA$780
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Sherman VillageGarden Apt1BR,1BA$925
Strawbridge GreenEmerson2BR,1BA$945

Best Value Apartments for Rent in Edgewood Avenue, IN

As of November 12, 2025 the best value apartment in the Edgewood Avenue area is the $1.36 price per square foot 3 Bedroom Model at Park View at Beech Grove in the in the Southeast Indianapolis neighborhood starting from $1,627. The second greatest value Edgewood Avenue apartment is the Elm Model at Beech Meadow Apartments starting at $1,099 with a $1.08 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Edgewood Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Beech Meadow ApartmentsElm3BR,1.5BA$1.08
Emerson VillageThe Burgandy - Premium2BR,2BA$1.33
Keeneland Crest ApartmentsCamden2BR,1BA$1.36
Latitudes ApartmentsThe Pendulum 2 BR 2 BA2BR,2BA$1.39
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Strawbridge GreenEmerson2BR,1BA$1.12
Beech Tree Glen Apartments1x1R1BR,1BA$1.22
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Edgewood Avenue, Indianapolis, IN

Ranked #98

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Edgewood Avenue, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Edgewood Avenue Apartments

What is a cheap apartment in Edgewood Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Edgewood Avenue is under $1,099.

What is the price of a cheap apartment in Edgewood Avenue?

The cheapest apartment in Edgewood Avenue is Emerson Village which is listed at $778, while the average apartment in Edgewood Avenue costs $1,700.

What types of apartments are the cheapest in Edgewood Avenue?

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 1 regular apartments in Edgewood Avenue 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 Edgewood Avenue?

Cheap apartments in Edgewood Avenue have an average cost of $1,663 which is $37 cheaper than the average rent for all rentals in Edgewood Avenue.

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.

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

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.