
Cheap Homes for Rent in Emerson Heights Neighborhood of Indianapolis, IN from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Emerson Heights area of Indianapolis.


890 N Gladstone Ave

1106 N Gale St

1540 N Grant Ave

1538 N Grant Ave

927 N Chester Ave
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.

937-939 N Drexel Ave

1510 N Gladstone Ave

1450 N Gladstone Ave

896 N Gladstone Ave

1450 N Gladstone Ave

1230 N Kealing Ave
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.

1308 N Chester Ave

1306 N Chester Ave

835 N Gladstone Ave

833 N Gladstone Ave

5143 Washington St

1531 N Grant 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.
Emerson Heights, Indianapolis, IN Local Guide

How much does it cost to rent a home in Emerson Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Emerson Heights 2 Bedroom Homes for Rent | $1,225 | $995 | $1,600 |
| Emerson Heights 3 Bedroom Homes for Rent | $1,398 | $975 | $2,800 |
| Emerson Heights 4 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the Emerson Heights Neighborhood of Indianapolis, IN.
Explore Indianapolis
Cheapest Available Emerson Heights Apartments for Rent
 The cheapest available apartment rental in the Emerson Heights area of Indianapolis, IN is a 1 Bed unit found at The Courts Apartment Homes priced from $839. Colonial Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Emerson Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Courts Apartment Homes | 1x1 Classic | 1BR,1BA | $839 |
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $850 |
| Minnie Hartman | The Lillie 50% | 2BR,1BA | $1,136 |
| Historic Irvington Flats | N | 1BR,1BA | $1,179 |
Best Value Apartments for Rent in Emerson Heights, IN
As of April 24, 2026 the best value apartment in the Emerson Heights area is the $1.00 price per square foot 5028 E New York St Model at 5028 E New York St, Unit 5028 in the in the Southeast Indianapolis neighborhood starting from $1,100. The second greatest value Emerson Heights apartment is the The Lillie 60% Model at Minnie Hartman starting at $1,179 with a $1.34 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Emerson Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5028 E New York St, Unit 5028 | 5028 E New York St | 2BR,1BA | $1.00 |
| Minnie Hartman | The Lillie 60% | 2BR,1BA | $1.34 |
| Historic Irvington Flats | N | 1BR,1BA | $1.75 |
| The Courts Apartment Homes | 1x1 Classic | 1BR,1BA | $1.53 |
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $1.55 |
Frequently Asked Questions about Emerson Heights
What type of rentals are currently available in Emerson Heights?
There are currently 67 Apartments for Rent in Emerson Heights, IN with pricing that ranges from $625 to $1,385. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Emerson Heights ranging from $525 to $2,800.
What is the current price range for Rental Homes in Emerson Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Emerson Heights ranges from $525 to $2,800 with an average monthly rent of $1,100.
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.