Cheap Apartments for Rent in the I65 South Emerson Neighborhood of Indianapolis, IN from $400 (8 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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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227

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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 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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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 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 ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
One SomersetOne Somerset - 1 Bed/1 Bath2BR,1BA$775
Cherry GlenStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Beech Grove Station Senior ApartmentsUnit A2BR,1BA$1.27
Strawbridge GreenEmerson2BR,1BA$1.14
Beech Meadow ApartmentsHickory2BR,1BA$1.29
Fox ClubOne Bedroom One Bath1BR,1BA$1.11
Beech Tree Glen Apartments1x1R1BR,1BA$1.13
Churchman Woods2 BEDROOM2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
One SomersetOne Somerset - 1 Bed/1 Bath1BR,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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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

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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 Lifestyle
I65 South Emerson, Indianapolis, IN

Ranked #112

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 $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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!