Cheap Apartments for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $700 (39 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The 85Twenty
Rent Specials
$1,308 - $1,624
Total Monthly Price

Total Monthly Price

Base Rent
$1,308 - $1,624
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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Encore Apartments
Studio to 2 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
  • Utilities Included
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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

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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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included
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Alder Woods
1 to 2 Bedroom Apartments

Alder Woods

6806 E County Line RdIndianapolis, IN 46237

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-39, 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 $775. Sawmill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Heathmoore - IndianapolisStudio 1 BathStudio,1BA$775
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageCARDINAL1BR,1BA$938
Churchman Woods2 BEDROOM2BR,1BA$945
Strawbridge GreenEmerson2BR,1BA$960
Willow Glen South1 bedroom small1BR,1BA$1,014
The BrixtonThe Ashby1BR,1BA$1,072
Autumn Chase1 Bd/1 Ba (C)1BR,1BA$1,099
Keeneland Crest ApartmentsBristol1BR,1BA$1,134

Best Value Apartments for Rent in Edgewood Avenue, IN

As of July 08, 2026 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 The Vintage 2 BR 2 BA Model at Sundance Apartments starting at $1,455 with a $1.42 price per square foot in the Winchester Village 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
Sundance ApartmentsThe Vintage 2 BR 2 BA2BR,2BA$1.42
Lakes of WindsorWinchester2BR,1BA$1.39
Strawbridge GreenRedfern2BR,1.5BA$1.16
Latitudes ApartmentsThe Pendulum 2 BR 2 BA2BR,2BA$1.42
Ninth Avenue ApartmentsThe Basore2BR,1BA$1.35
Autumn Chase1 Bd/1 Ba (C w/View)1BR,1BA$1.46
Churchman Woods2 BEDROOM2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 the price of a cheap apartment in Edgewood Avenue?

The cheapest apartment in Edgewood Avenue is Sawmill Apartments which is listed at $849, while the average apartment in Edgewood Avenue costs $1,780.

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 $554 which is $1,226 cheaper than the average rent for all rentals in Edgewood Avenue.

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.