Cheap Apartments for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $700 (44 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
$1,245 - $1,735
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,735
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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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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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
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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
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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 1-44, 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 1 Bed unit found at Sawmill Apartments priced from $849. Beech Meadow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $884. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Beech Meadow ApartmentsBirch1BR,1BA$884
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageThe Cardinal - Premium1BR,1BA$927
Keeneland Crest ApartmentsBristol1BR,1BA$949
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$950
Willow Glen South1 bedroom small1BR,1BA$1,014
The BrixtonThe Ashby1BR,1BA$1,072
Strawbridge GreenRedfern2BR,1BA$1,130
Latitudes ApartmentsThe Sundial 1 BR 1 BA1BR,1BA$1,175

Best Value Apartments for Rent in Edgewood Avenue, IN

As of May 24, 2026 the best value apartment in the Edgewood Avenue area is the $1.17 price per square foot Sherman Model at Strawbridge Green in the in the Shelby Street-Epler Avenue neighborhood starting from $1,535. The second greatest value Edgewood Avenue apartment is the 3 Bedroom Model at Park View at Beech Grove starting at $1,627 with a $1.36 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.
Strawbridge GreenSherman3BR,2.5BA$1.17
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Lakes of WindsorChurchill2BR,2BA$1.39
Autumn Chase2 Bd/2 Ba (H w/F)2BR,2BA$1.27
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Keeneland Crest ApartmentsHartford2BR,1BA$1.41
Beech Meadow ApartmentsBirch1BR,1BA$1.18
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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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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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 Cheapest Studio apartment in Edgewood Avenue?

Currently the most affordable Cheap Studio Apartment in Edgewood Avenue is at ARLO Apartments listed at $1,340.

How much is rent for a Cheap One Bedroom Edgewood Avenue Apartment?

The lowest price for a Cheap One Bedroom Edgewood Avenue Apartment is $849 at Sawmill Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Edgewood Avenue is starting from $945 at Churchman Woods.

What is the most affordable Edgewood Avenue Three Bedroom Apartment?

The best deal on a cheap Edgewood Avenue Three Bedroom Apartment rental is at Sherman Village and starts from $1,300.

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

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

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

Written by: Wendy Melton

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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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.