
Cheap Homes for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood Avenue area of Indianapolis.


3854 S Sherman Dr

426 Christy Drive

Furnished Studio-Indianapolis - Greenwood
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

5204 Bahia Dr

5125 Gringo Dr

5435 Durango Ct

7937 Cork Bend Ln
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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 | $1,340 | $1,340 | $1,340 |
| Edgewood Avenue 3 Bedroom Homes for Rent | $2,001 | $1,370 | $4,500 |
| Edgewood Avenue 4 Bedroom Homes for Rent | $2,280 | $1,645 | $4,950 |
| Edgewood Avenue 5 Bedroom Homes for Rent | $2,548 | $2,400 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 3 mile radius of the Edgewood Avenue Neighborhood of Indianapolis, IN.
Explore Indianapolis
Edgewood Avenue, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 $890. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Strawbridge Green | Emerson | 2BR,1BA | $890 |
| Sherman Village | Garden Apt | 1BR,1BA | $925 |
Best Value Apartments for Rent in Edgewood Avenue, IN
As of September 09, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kinwood Place | 4x2 | 4BR,2BA | $1.35 |
| Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.42 |
| Park View at Beech Grove | 3 Bedroom | 3BR,2.5BA | $1.34 |
| Lakes of Windsor | Winchester | 2BR,1BA | $1.39 |
| Ninth Avenue Apartments | The Basore | 2BR,1BA | $1.35 |
| The Timbers Apartments | The Willow | 1BR,1BA | $1.37 |
| Strawbridge Green | Thompson | 2BR,1BA | $1.28 |
| Beech Tree Glen Apartments | 1x1R | 1BR,1BA | $1.28 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 ArticleReal 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.
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.
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 46 Apartments for Rent in Edgewood Avenue, IN with pricing that ranges from $845 to $5,412. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood Avenue ranging from $1,000 to $4,950.
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 $1,000 to $4,950 with an average monthly rent of $2,065.
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 $1,015 to $5,412, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,370 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $1,486.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.