
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.

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615 E Thompson Rd

1519 E Mills Ave
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4847 Mt Vernon 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 | $1,258 | $975 | $1,800 |
| Edgewood 3 Bedroom Homes for Rent | $1,720 | $1,250 | $1,945 |
| Edgewood 4 Bedroom Homes for Rent | $1,696 | $1,495 | $2,000 |
| Edgewood 5 Bedroom Homes for Rent | $2,347 | $1,895 | $2,800 |
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 $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 |
| Cherry Glen | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.27 |
| Martinique Terrace | 2 Bed/1 Ba Standard Up | 2BR,1BA | $1.24 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.30 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.12 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
| Ninth Avenue Apartments | The Poppy | 1BR,1BA | $1.42 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.11 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.42 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio ,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.

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.

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!

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.
