Cheap Homes for Rent in Edgewood Neighborhood of Indianapolis, IN from $300 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Edgewood area of Indianapolis.

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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 ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$670
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Cherry GlenStudioStudio,1BA$799

Best Value Apartments for Rent in Edgewood, IN

As of November 09, 2025 the best value apartment in the Edgewood area is the $1.27 price per square foot Sycamore Two Model at Brookwood Apartments in the in the Shelby Street-Epler Avenue neighborhood starting from $1,250. The second greatest value Edgewood apartment is the 2 Bed/1 Ba Standard Up Model at Martinique Terrace starting at $1,119 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.27
Martinique Terrace2 Bed/1 Ba Standard Up2BR,1BA$1.24
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.30
Strawbridge GreenEmerson2BR,1BA$1.12
Fox ClubOne Bedroom One Bath1BR,1BA$1.14
Ninth Avenue ApartmentsThe Poppy1BR,1BA$1.42
Buckridge at Southport1BR/1.0BA1BR,1BA$1.11
Sherman VillageGarden Apt1BR,1BA$1.28
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.42
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio ,1BA$1.32

Frequently Asked Questions about Edgewood

What type of rentals are currently available in Edgewood?

There are currently 43 Apartments for Rent in Edgewood, IN with pricing that ranges from $665 to $1,913. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood ranging from $350 to $2,800.

What is the current price range for Rental Homes in Edgewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewood ranges from $350 to $2,800 with an average monthly rent of $1,474.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.