Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $400 (38 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
Rent Specials
$775 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $995
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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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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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

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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included
Showing Results 1-38, Page 1 of 1

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 2 Beds unit found at One Somerset priced from $775. 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
One Somerset*ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba...2BR,1BA$775
South & MadisonE2Studio,1BA$809
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$824
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageThe Cardinal - Premium1BR,1BA$927
Greentree Apartments2x1 Classic2BR,1BA$959
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$975
The SycamoresThe Sycamores1BR,1BA$1,000

Best Value Apartments for Rent in I65 South Emerson, IN

As of May 05, 2026 the best value apartment in the I65 South Emerson area is the $1.27 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,699. The second greatest value I65 South Emerson apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,099 with a $1.10 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Park Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.27
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.10
Strawbridge GreenRedfern2BR,1.5BA$1.14
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Beech Tree Glen Apartments2x1R-Prem2BR,1BA$1.35
South & MadisonB22BR,1BA$1.19
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.10
Greentree Apartments2x1 Classic2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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Pet Friendly Lifestyle
I65 South Emerson, Indianapolis, IN

Ranked #109

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap I65 South Emerson Apartments

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 $824, while the average apartment in I65 South Emerson costs $1,632.

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 $893 which is $739 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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