Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the I65 South Emerson area of Indianapolis.

Heathmoore - Indianapolis

Cherry Glen
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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 | $1,002 | $780 | $1,325 |
| I65 South Emerson 1 Bedroom Apartments | $1,149 | $775 | $2,615 |
| I65 South Emerson 2 Bedroom Apartments | $1,373 | $775 | $2,795 |
| I65 South Emerson 3 Bedroom Apartments | $1,554 | $1,100 | $2,095 |
| I65 South Emerson 4 Bedroom Apartments | $1,675 | $1,503 | $1,824 |
Browse Apartments in this Neighborhood
There are currently 8 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. One Somerset has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. 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 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 2BR,1BA | $775 |
| Cherry Glen | Studio | Studio,1BA | $799 |
Best Value Apartments for Rent in I65 South Emerson, IN
As of December 17, 2025 the best value apartment in the I65 South Emerson area is the $1.30 price per square foot 2BR/1.5BA Model at Encore Apartments in the in the Southeast Indianapolis neighborhood starting from $1,235. The second greatest value I65 South Emerson apartment is the Unit A Model at Beech Grove Station Senior Apartments starting at $1,157 with a $1.27 price per square foot in the Southeast Indianapolis 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. |
|---|---|---|---|
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Beech Grove Station Senior Apartments | Unit A | 2BR,1BA | $1.27 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.14 |
| Beech Meadow Apartments | Hickory | 2BR,1BA | $1.29 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.11 |
| Beech Tree Glen Apartments | 1x1R | 1BR,1BA | $1.13 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $1.30 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 1BR,1BA | $1.29 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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Pet Friendly LifestyleI65 South Emerson, Indianapolis, IN
Ranked #112
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 $943.
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 $1,595.
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 5 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 $920 which is $675 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.
Articles, How-To's, and Tips

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.

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.

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!





