
Cheap Homes for Rent in Edgewood Neighborhood of Indianapolis, IN from $300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood area of Indianapolis.


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.

5025 S Walcott St

2789 E Hanna Ave
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.

3836 Sherman Towne Dr
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 | $1,056 | $975 | $1,150 |
| Edgewood 3 Bedroom Homes for Rent | $1,727 | $1,395 | $1,920 |
| Edgewood 4 Bedroom Homes for Rent | $2,218 | $1,585 | $3,600 |
| Edgewood 5 Bedroom Homes for Rent | $2,675 | $2,675 | $2,675 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Edgewood Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 $715. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. 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 | $715 |
| South & Madison | E2 | Studio,1BA | $809 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $847 |
Best Value Apartments for Rent in Edgewood, IN
As of March 02, 2026 the best value apartment in the Edgewood area is the $1.15 price per square foot 3Bd/1.5Ba Dn W/D Model at Martinique Terrace in the in the Winchester Village neighborhood starting from $1,499. The second greatest value Edgewood apartment is the Two Bedroom 1.5 Bath Model at Fox Club starting at $1,049 with a $1.05 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. |
|---|---|---|---|
| Martinique Terrace | 3Bd/1.5Ba Dn W/D | 3BR,1.5BA | $1.15 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.05 |
| Strawbridge Green | Redfern | 2BR,1.5BA | $1.13 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| Sawmill Apartments | 2 Bed 1 Bath Large | 2BR,1BA | $1.05 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.20 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.10 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
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 $715 to $2,200. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood ranging from $370 to $3,600.
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 $370 to $3,600 with an average monthly rent of $1,697.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.