Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $495 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the I65 South Emerson area of Indianapolis.

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One Somerset
$875 - $1,025

Total Monthly Price

Base Rent$875 - $1,025

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Encore Apartments
Studio to 2 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
  • Utilities Included
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227

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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included
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Fairfax Duplexes
2 Bedroom Apartments

Fairfax Duplexes

2123 Fairfax RdIndianapolis, IN 46227

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!

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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included

I65 South Emerson, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Cherry GlenStudioStudio, 1BA$799
South & MadisonE2Studio, 1BA$809
Churchman Woods1 BEDROOM1BR, 1BA$845
Sawmill Apartments1 Bed 1 Bath Small1BR, 1BA$849
Parc Bordeaux ApartmentsStudioStudio, 1BA$850
One Somerset1 Bed/1 Bath. Act Now! Get a $300 Rent Credit ...1BR, 1BA$875
Strawbridge GreenEmerson2BR, 1BA$910
Emerson VillageCardinal1BR, 1BA$938
Fox ClubTwo Bedroom Two Bath2BR, 2BA$985
Greentree Apartments2x1 Classic2BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Kinwood Place4x24BR, 2BA$1.35
Sherman VillageTownhome3BR, 1.5BA$0.88
Park View at Beech Grove3 Bedroom3BR, 2.5BA$1.34
Lakes of WindsorWinchester2BR, 1BA$1.39
Fox ClubTwo Bedroom 1.5 Bath2BR, 1.5BA$1.23
Windsor CourtTwo Bedroom Two Bathroom (C3M)2BR, 2BA$1.15
BrixtonChatham 2.1 - 2.12BR, 1BA$1.38
Strawbridge GreenThompson2BR, 1BA$1.31
Beech Tree Glen Apartments1x1R1BR, 1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR, 1BA$1.31

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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.

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Pet Friendly Lifestyle
I65 South Emerson, Indianapolis, IN

Ranked #114

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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.

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