Cheap Apartments for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $775 (41 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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The 85Twenty
$1,308 - $1,739
Total Monthly Price

Total Monthly Price

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$1,308 - $1,739
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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property at 7633 Ardwell Ct

$1,630

Total Monthly Price

Total Monthly Price

Base Rent
$1,630
Total Monthly Price
$1,630

3 Bedroom, 1.5 Bath Home for Rent

Available Now

7633 Ardwell Ct

IndianapolisIN46237
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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
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Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included

Edgewood Avenue - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 426 Christy Drive

$1,340

Total Monthly Price

Total Monthly Price

Base Rent
$1,340
Total Monthly Price
$1,340

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

426 Christy Drive

GreenwoodIN46143
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The Hangar on Emerson
$1,597 - $3,808
Total Monthly Price

Total Monthly Price

Base Rent
$1,597 - $3,808
Total Monthly Price
$1,597 - $3,808
1 to 3 Bedroom Apartments Available Now

The Hangar on Emerson

1140 E Emerson Pointe DrGreenwood, IN 46143
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Showing Results 1-41, 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. Strawbridge Green has the second lowest priced unit, which is a 2 Beds apartment currently listed from $915. 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
Strawbridge GreenEmerson2BR,1BA$915
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageCardinal1BR,1BA$938
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$965
Willow Glen South1 bedroom small lake1BR,1BA$1,024
Beech Tree Glen Apartments1x1R1BR,1BA$1,025
Overlook at Valley Ridge ApartmentsA - Mohawk1BR,1BA$1,028
Autumn Chase1 Bd/1 Ba (C)1BR,1BA$1,099

Best Value Apartments for Rent in Edgewood Avenue, IN

As of August 26, 2026 the best value apartment in the Edgewood Avenue area is the $1.35 price per square foot 4x2 Model at Kinwood Place in the in the Southeast Indianapolis neighborhood starting from $2,008. The second greatest value Edgewood Avenue apartment is the 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village starting at $1,899 with a $1.42 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.
Kinwood Place4x24BR,2BA$1.35
Coventry Park Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.42
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
The 85TwentyC1-SR3BR,2BA$1.42
Lakes of WindsorWinchester2BR,1BA$1.39
BrixtonSaxby 2.1L - 2.1L2BR,1.5BA$1.44
Strawbridge GreenEmerson2BR,1BA$1.09
Beech Tree Glen Apartments1x1R1BR,1BA$1.28
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 $1,452.

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 $415 which is $1,037 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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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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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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Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.