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 $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 ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$715
South & MadisonE2Studio,1BA$809
Brookwood Apartments1 Bedroom 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Martinique Terrace3Bd/1.5Ba Dn W/D3BR,1.5BA$1.15
Fox ClubTwo Bedroom 1.5 Bath2BR,1.5BA$1.05
Strawbridge GreenRedfern2BR,1.5BA$1.13
Windsor CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.15
Sawmill Apartments2 Bed 1 Bath Large2BR,1BA$1.05
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.20
South & MadisonB22BR,1BA$1.19
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.10
Buckridge at Southport1BR/1.0BA1BR,1BA$1.25
Sherman VillageGarden Apt1BR,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

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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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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.

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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

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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.

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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.

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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.

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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.