3321 Eastwind Ct
IndianapolisIN46227
Cheap Apartments for Rent in the Edgewood Neighborhood of Indianapolis, IN from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewood area of Indianapolis.
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$665 - $1,395Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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$747 - $1,3201 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$849 - $9991 to 2 Bedroom Apartments Available Now
Sawmill Apartments
3708 Lickridge Lane DrIndianapolis, IN 46237
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$850 - $1,180Studio to 2 Bedroom Apartments Available Now
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
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$909 - $1,2501 to 2 Bedroom Apartments Available Now
Fox Club
4401 S Keystone AveIndianapolis, IN 46227
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.
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$913 - $1,5601 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$919 - $1,579Studio to 3 Bedroom Apartments Available Now
Ninth Avenue Apartments
4651 Mimi DrIndianapolis, IN 46237
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$920 - $1,4752 to 3 Bedroom Apartments Available Now
Strawbridge Green
4649 Strawbridge StIndianapolis, IN 46237
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$925 - $1,3001 to 3 Bedroom Apartments Available Now
Sherman Village
4603 S Sherman DrIndianapolis, IN 46237
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$928 - $1,1121 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
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$939 - $1,120Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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.
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$959 - $1,3991 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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$999 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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$1,000 - $1,3601 to 3 Bedroom Apartments Available Now
City Heights
457 Monument View DrIndianapolis, IN 46227
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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.
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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.
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615 E Thompson Rd
IndianapolisIN46227
Showing Results 1-26, Page 1 of 1
Edgewood, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood Studio Apartments | $1,012 | $665 | $1,325 |
| Edgewood 1 Bedroom Apartments | $1,071 | $747 | $1,615 |
| Edgewood 2 Bedroom Apartments | $1,240 | $787 | $1,913 |
| Edgewood 3 Bedroom Apartments | $1,481 | $1,090 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 26 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 $670. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. 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 - Loft | Studio,1BA | $670 |
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| South & Madison | E2 | Studio,1BA | $809 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $887 |
| Buckridge at Southport | 2BR/1.0BA | 2BR,1BA | $900 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $909 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $913 |
| Sherman Village | Garden Apt | 1BR,1BA | $925 |
Best Value Apartments for Rent in Edgewood, IN
As of January 01, 2026 the best value apartment in the Edgewood area is the $1.24 price per square foot 3Bd/2Ba Up W/D Model at Martinique Terrace in the in the Winchester Village neighborhood starting from $1,614. The second greatest value Edgewood apartment is the Three Bedroom 1.5 Bath TH w/Den Model at Capital Place starting at $1,399 with a $1.16 price per square foot in the Concord 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. |
|---|---|---|---|
| Martinique Terrace | 3Bd/2Ba Up W/D | 3BR,2BA | $1.24 |
| Capital Place | Three Bedroom 1.5 Bath TH w/Den | 3BR,1.5BA | $1.16 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.27 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.14 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
| Ninth Avenue Apartments | The Poppy | 1BR,1BA | $1.42 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.30 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio ,1BA | $1.32 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
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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.
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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 a cheap apartment in Edgewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Edgewood is under $925.
What is the price of a cheap apartment in Edgewood?
The cheapest apartment in Edgewood is Windsor Court which is listed at $728, while the average apartment in Edgewood costs $1,464.
What types of apartments are the cheapest in Edgewood?
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 24 regular apartments in Edgewood 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?
Cheap apartments in Edgewood have an average cost of $184 which is $1,280 cheaper than the average rent for all rentals in Edgewood.
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!