
Cheap Homes for Rent in Edgewood Neighborhood of Indianapolis, IN from $300 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood area of Indianapolis.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

615 E Thompson Rd
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.
Edgewood, Indianapolis, IN Local Guide

How much does it cost to rent a home in Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood 2 Bedroom Homes for Rent | $1,187 | $975 | $1,400 |
| Edgewood 3 Bedroom Homes for Rent | $1,851 | $1,400 | $2,160 |
| Edgewood 4 Bedroom Homes for Rent | $2,019 | $1,349 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Edgewood Neighborhood of Indianapolis, IN.
Explore Indianapolis
Best Value Apartments for Rent in Edgewood, IN
As of June 10, 2026 the best value apartment in the Edgewood area is the $1.13 price per square foot Two Bedroom Two Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,125. The second greatest value Edgewood apartment is the Lindberg Model at Strawbridge Green starting at $1,025 with a $1.06 price per square foot in the Shelby Street-Epler Avenue 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. |
|---|---|---|---|
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
| Strawbridge Green | Lindberg | 3BR,1.5BA | $1.06 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.34 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR,1BA | $1.18 |
| Pine Glen | Maple Vintage | 1BR,1BA | $1.02 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| South & Madison | A1 | 1BR,1BA | $1.22 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
Frequently Asked Questions about Edgewood
What type of rentals are currently available in Edgewood?
There are currently 46 Apartments for Rent in Edgewood, IN with pricing that ranges from $790 to $2,500. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood ranging from $320 to $3,000.
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 $320 to $3,000 with an average monthly rent of $1,344.
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
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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
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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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.