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$775 - $995
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$775 - $995
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One Somerset
3761 S State AveIndianapolis, IN 46227
Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the I65 South Emerson area of Indianapolis.
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Studio to 3 Bedroom Apartments
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Stone Lake
2913 E Hanna AveIndianapolis, IN 46227
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Heathmoore - Indianapolis
5984 Heathmoore DrIndianapolis, IN 46237
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1 to 2 Bedroom Apartments
Francis Apartments
1819 Main StBeech Grove, IN 46107
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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1 to 2 Bedroom Apartments
Beech Grove Place Apartments
2314 Main StBeech Grove, IN 46107
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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 | $926 | $805 | $1,435 |
| I65 South Emerson 1 Bedroom Apartments | $1,131 | $845 | $1,650 |
| I65 South Emerson 2 Bedroom Apartments | $1,384 | $775 | $2,359 |
| I65 South Emerson 3 Bedroom Apartments | $1,401 | $1,025 | $1,813 |
| I65 South Emerson 4 Bedroom Apartments | $1,675 | $1,503 | $1,824 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 7 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 $768. 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 | $768 |
| One Somerset | One Somerset - 1 Bed/1 Bath* Call about our Mov... | 2BR,1BA | $775 |
| South & Madison | E2 | Studio,1BA | $809 |
Best Value Apartments for Rent in I65 South Emerson, IN
As of June 19, 2026 the best value apartment in the I65 South Emerson area is the $1.10 price per square foot Two Bedroom 1.5 Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,100. The second greatest value I65 South Emerson apartment is the 2BR/1.5BA Model at Encore Apartments starting at $1,235 with a $1.30 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. |
|---|---|---|---|
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.10 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Ninth Avenue Apartments | The Basore | 2BR,1BA | $1.34 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.17 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.15 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $1.19 |
| 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 |
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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Your 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
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.
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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.
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Pet Friendly LifestyleI65 South Emerson, Indianapolis, IN
Ranked #102
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 the price of a cheap apartment in I65 South Emerson?
The cheapest apartment in I65 South Emerson is Windsor Court which is listed at $768, 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 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 $831 which is $764 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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