
Cheap Apartments for Rent in the Edgewood Neighborhood of Indianapolis, IN from $300 (15 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

Sawmill Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Parc Bordeaux Apartments

Pine Glen
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Navigating 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.
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 | $883 | $790 | $1,130 |
Edgewood 1 Bedroom Apartments | $1,089 | $390 | $1,980 |
Edgewood 2 Bedroom Apartments | $1,199 | $945 | $2,067 |
Edgewood 3 Bedroom Apartments | $1,507 | $1,035 | $1,930 |
Browse Apartments in this Neighborhood
There are currently 15 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 1 Bed unit found at Stone Lake priced from $650. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Edgewood apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Lake | 1X1 | 1BR,1BA | $650 |
5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio,1BA | $765 |
South & Madison | E2 | Studio,1BA | $840 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Edgewood, IN
As of June 03, 2025 the best value apartment in the Edgewood area is the $0.89 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,239. The second greatest value Edgewood apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 price per square foot in the Thompson-Edgewood 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. |
---|---|---|---|
SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.89 |
Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
Ninth Avenue Apartments | The Lily | 2BR,1BA | $1.38 |
Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.28 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.35 |
Strawbridge Green | Emerson | 2BR,1BA | $1.17 |
Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.11 |
Windsor Court | Deluxe One Bedroom (AN1) | 1BR,1BA | $1.29 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
Stone Lake | 1X1 | 1BR,1BA | $1.00 |
Quick 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!
Getting Around the Edgewood Neighborhood in Indianapolis, IN
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $765.
How much is rent for a Cheap One Bedroom Edgewood Apartment?
The lowest price for a Cheap One Bedroom Edgewood Apartment is $650 at Stone Lake.
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 $800 at Stone Lake.
What is the most affordable Edgewood Three Bedroom Apartment?
The best deal on a cheap Edgewood Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,035.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.