
Cheap Homes for Rent in Edgewood Avenue Neighborhood of Indianapolis, IN from $1,300 (22 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood Avenue area of Indianapolis.


Furnished Studio-Indianapolis - Greenwood

4408 Vestry Pl

8407 Fort Sumter Dr

1131 Anthony Ct

6834 Turnberry Way

8144 Amarillo Dr
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.

4025 Mi Casa Ave

7907 Wildwood Farms Ln

6328 E Stop 11 Rd

5832 Outer Bank Rd

5821 Buck Rill Dr

3612 Boxwood Dr

5526 Antoneli Ln
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.

3403 Montgomery Dr

3742 Laurel Cherry Ln

6165 Pinnacle Blvd

6204 Glenshire Ln

3336 Corey Dr

5333 Padre Ln

7935 Bombay Ln
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

5123 Pappas Dr
Edgewood Avenue, Indianapolis, IN Local Guide

How much does it cost to rent a home in Edgewood Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood Avenue 2 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
| Edgewood Avenue 3 Bedroom Homes for Rent | $1,812 | $1,325 | $3,985 |
| Edgewood Avenue 4 Bedroom Homes for Rent | $2,487 | $1,695 | $4,500 |
| Edgewood Avenue 5 Bedroom Homes for Rent | $2,545 | $2,195 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 22 rentals with your search options within a 3 mile radius of the Edgewood Avenue Neighborhood of Indianapolis, IN.
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Edgewood Avenue, Indianapolis, IN Local Guide
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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 $795. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heathmoore - Indianapolis | Studio 1 Bath | Studio,1BA | $795 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $900 |
| Beech Tree Glen Apartments | 1x1R | 1BR,1BA | $900 |
| Sherman Village | Garden Apt | 1BR,1BA | $925 |
Best Value Apartments for Rent in Edgewood Avenue, IN
As of December 29, 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 2BR/1.5BA Model at Encore Apartments starting at $1,235 with a $1.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park View at Beech Grove | 3 Bedroom | 3BR,2.5BA | $1.36 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Beech Grove Station Senior Apartments | Unit A | 2BR,1BA | $1.27 |
| Keeneland Crest Apartments | Tuscan | 1BR,1BA | $1.38 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.17 |
| Beech Meadow Apartments | Hickory | 2BR,1BA | $1.26 |
| Beech Tree Glen Apartments | 1x1R | 1BR,1BA | $1.13 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $1.30 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleYour 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleEdgewood Avenue, Indianapolis, IN
Ranked #97
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Edgewood Avenue, Indianapolis, IN
Bunker Hill Elementary School
Franklin Central High School
Franklin Township Middle School West
School data provided by Great Schools
Frequently Asked Questions about Edgewood Avenue
What type of rentals are currently available in Edgewood Avenue?
There are currently 41 Apartments for Rent in Edgewood Avenue, IN with pricing that ranges from $795 to $2,825. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood Avenue ranging from $1,325 to $4,500.
What is the current price range for Rental Homes in Edgewood Avenue?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewood Avenue ranges from $1,325 to $4,500 with an average monthly rent of $2,087.
How much are larger Three and Four Bedroom Rentals in Edgewood Avenue?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Edgewood Avenue range from $1,070 to $2,209, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $3,985. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,503.
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

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.

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.

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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!