
Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $495 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the I65 South Emerson area of Indianapolis.


Churchman Woods

Sawmill Apartments

Parc Bordeaux Apartments

Total Monthly Price
One Somerset

Strawbridge Green

Fox Club

Sherman Village

Emerson Village
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5505 Straw Hat Dr

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Brixton

Total Monthly Price
52 S 7th Ave, Unit 52 S. 7th #3 Beech Grove
I65 South Emerson - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Francis Apartments

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Beech Tree Glen Apartments
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 | $994 | $799 | $1,325 |
| I65 South Emerson 1 Bedroom Apartments | $1,111 | $845 | $1,650 |
| I65 South Emerson 2 Bedroom Apartments | $1,401 | $910 | $2,349 |
| I65 South Emerson 3 Bedroom Apartments | $1,440 | $1,015 | $2,175 |
| I65 South Emerson 4 Bedroom Apartments | $1,827 | $1,486 | $2,008 |
Browse Apartments in this Neighborhood
There are currently 39 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 Studio unit found at Cherry Glen priced from $799. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable I65 South Emerson apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cherry Glen | Studio | Studio, 1BA | $799 |
| South & Madison | E2 | Studio, 1BA | $809 |
| Churchman Woods | 1 BEDROOM | 1BR, 1BA | $845 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR, 1BA | $849 |
| Parc Bordeaux Apartments | Studio | Studio, 1BA | $850 |
| One Somerset | 1 Bed/1 Bath. Act Now! Get a $300 Rent Credit ... | 1BR, 1BA | $875 |
| Strawbridge Green | Emerson | 2BR, 1BA | $910 |
| Emerson Village | Cardinal | 1BR, 1BA | $938 |
| Fox Club | Two Bedroom Two Bath | 2BR, 2BA | $985 |
| Greentree Apartments | 2x1 Classic | 2BR, 1BA | $999 |
Best Value Apartments for Rent in I65 South Emerson, IN
As of September 18, 2026 the best value apartment in the I65 South Emerson area is the $1.35 price per square foot 4x2 Model at Kinwood Place in the Southeast Indianapolis neighborhood starting from $2,008. The second greatest value I65 South Emerson apartment is the Townhome Model at Sherman Village in the Shelby Street-Epler Avenue neighborhood starting at $1,150 with a $0.88 price per square foot. 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. |
|---|---|---|---|
| Kinwood Place | 4x2 | 4BR, 2BA | $1.35 |
| Sherman Village | Townhome | 3BR, 1.5BA | $0.88 |
| Park View at Beech Grove | 3 Bedroom | 3BR, 2.5BA | $1.34 |
| Lakes of Windsor | Winchester | 2BR, 1BA | $1.39 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR, 1.5BA | $1.23 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR, 2BA | $1.15 |
| Brixton | Chatham 2.1 - 2.1 | 2BR, 1BA | $1.38 |
| Strawbridge Green | Thompson | 2BR, 1BA | $1.31 |
| Beech Tree Glen Apartments | 1x1R | 1BR, 1BA | $1.28 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR, 1BA | $1.31 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleI65 South Emerson, Indianapolis, IN
Ranked #114
Among cities in Indiana 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 $999.
What is the price of a cheap apartment in I65 South Emerson?
The cheapest apartment in I65 South Emerson is South & Madison which is listed at $830, while the average apartment in I65 South Emerson costs $1,218.
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 3 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 $823 which is $395 cheaper than the average rent for all rentals in I65 South Emerson.
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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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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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.
Articles, How-To's, and Tips

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