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Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the I65 South Emerson area of Indianapolis.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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The Art of the Rental Viewing: What to look for during a property tour
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I65 South Emerson, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in I65 South Emerson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| I65 South Emerson Studio Apartments | $1,006 | $805 | $1,325 |
| I65 South Emerson 1 Bedroom Apartments | $1,219 | $845 | $2,833 |
| I65 South Emerson 2 Bedroom Apartments | $1,353 | $945 | $2,829 |
| I65 South Emerson 3 Bedroom Apartments | $1,658 | $1,100 | $3,585 |
| I65 South Emerson 4 Bedroom Apartments | $1,579 | $1,470 | $1,688 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the I65 South Emerson Neighborhood of Indianapolis, IN.
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I65 South Emerson, Indianapolis, IN Local Guide
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Cheapest Available I65 South Emerson Apartments for Rent
The cheapest available apartment rental in the I65 South Emerson area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $728. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable I65 South Emerson apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| South & Madison | E2 | Studio,1BA | $840 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in I65 South Emerson, IN
As of July 13, 2025 the best value apartment in the I65 South Emerson area is the $1.44 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,925. The second greatest value I65 South Emerson apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for I65 South Emerson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.44 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
| The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
| Strawbridge Green | Lindberg | 3BR,1.5BA | $1.25 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Ninth Avenue Apartments | The Lily | 2BR,1BA | $1.38 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Overlook at Valley Ridge Apartments | A3 - Hudson | 1BR,1BA | $1.43 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $1.31 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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Pet Friendly LifestyleI65 South Emerson, Indianapolis, IN
Ranked #130
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap I65 South Emerson Apartments
What is a cheap apartment in I65 South Emerson?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in I65 South Emerson is under $1,079.
What is the price of a cheap apartment in I65 South Emerson?
The cheapest apartment in I65 South Emerson is Windsor Court which is listed at $728, while the average apartment in I65 South Emerson costs $1,579.
What types of apartments are the cheapest in I65 South Emerson?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in I65 South Emerson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in I65 South Emerson?
Cheap apartments in I65 South Emerson have an average cost of $844 which is $735 cheaper than the average rent for all rentals in I65 South Emerson.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.