
Cheap Apartments for Rent in the Edgewood Neighborhood of Indianapolis, IN from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewood area of Indianapolis.


5700 Madison Apartments & Edgewood on Madison

Brookwood Apartments

SOUTHPORT AT BUCK CREEK

Sawmill Apartments

Strawbridge Green
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Capital Place

Fox Club

Parc Bordeaux Apartments

Ninth Avenue Apartments

Sherman Village

Thompson Village Apartments
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Cherry Glen

Pine Glen

Martinique Terrace

City Heights

Stone Lake

Rosedale Hills
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Crossroads at Madison

Estate View

Windsor Court

Markwood Terrace Apartments

South & Madison

Crossroads at Southgreen
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Buckridge at Southport

Grand Oaks

615 E Thompson Rd
Edgewood, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood Studio Apartments | $1,023 | $690 | $1,299 |
| Edgewood 1 Bedroom Apartments | $1,090 | $811 | $1,650 |
| Edgewood 2 Bedroom Apartments | $1,261 | $860 | $1,899 |
| Edgewood 3 Bedroom Apartments | $1,475 | $1,145 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Edgewood Neighborhood of Indianapolis, IN.
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Edgewood, Indianapolis, IN Local Guide
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Cheapest Available Edgewood Apartments for Rent
 The cheapest available apartment rental in the Edgewood area of Indianapolis, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $690. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $736. Here are the most affordable Edgewood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $690 |
| Windsor Court | Standard One Bedroom (SN3) | 1BR,1BA | $736 |
| South & Madison | E2 | Studio,1BA | $809 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $811 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Strawbridge Green | Emerson | 2BR,1BA | $895 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $899 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $899 |
| Buckridge at Southport | 2BR/1.0BA | 2BR,1BA | $900 |
| Sherman Village | Garden Apt | 1BR,1BA | $925 |
Best Value Apartments for Rent in Edgewood, IN
As of February 04, 2026 the best value apartment in the Edgewood area is the $1.12 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $1,900. The second greatest value Edgewood apartment is the 3Bd/2Ba Up W/D Model at Martinique Terrace starting at $1,614 with a $1.24 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Edgewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4946 Camden St, Unit Big Camden | 4946 Camden St | 3BR,2BA | $1.12 |
| Martinique Terrace | 3Bd/2Ba Up W/D | 3BR,2BA | $1.24 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.06 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.12 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.05 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.35 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.35 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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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.
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for South Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Edgewood Apartments
What is the Cheapest Studio apartment in Edgewood?
Currently the most affordable Cheap Studio Apartment in Edgewood is at 5700 Madison Apartments & Edgewood on Madison listed at $690.
How much is rent for a Cheap One Bedroom Edgewood Apartment?
The lowest price for a Cheap One Bedroom Edgewood Apartment is $736 at Windsor Court.
What is the lowest price for a Cheap Two Bedroom Edgewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Edgewood is starting from $895 at Strawbridge Green.
What is the most affordable Edgewood Three Bedroom Apartment?
The best deal on a cheap Edgewood Three Bedroom Apartment rental is at South & Madison and starts from $1,263.
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.

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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

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