
Cheap Apartments for Rent in the Shelby Street-Epler Avenue Neighborhood of Indianapolis, IN from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Shelby Street-Epler Avenue area of Indianapolis.


5700 Madison Apartments & Edgewood on Madison

Garfield Park Village

Fox Club

Cherry Glen

Brookwood Apartments

Capital Place

Sawmill Apartments

Parc Bordeaux Apartments
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Thompson Village Apartments

Pine Glen

Strawbridge Green

Buckridge at Southport

Greentree Apartments

Sherman Village

SOUTHPORT AT BUCK CREEK

Martinique Terrace

Meridian Court South
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

City Heights

Hanna Village

2121-2123 Fairfax Rd

Murphy's Landing

Creek Bay

Bluff Crossing Apartments

South Haven Village Apartments

The Jacob

910 Gilbert Ave
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Parkside Living Apartments

Rosedale Hills

Stone Lake

Estate View

Spicewood

Windsor Court

South & Madison

Ninth Avenue Apartments

Markwood Terrace Apartments
Shelby Street-Epler Avenue - 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!

CrossRoads @ Madison Park

Grand Oaks

CrossRoads @ Southgreen

615 E Thompson Rd

Dakota Ridge

4929 Mt Vernon Dr

Fairfax Duplexes

Willow Glen South

Francis Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Beech Grove Place Apartments

The U
Shelby Street-Epler Avenue, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Shelby Street-Epler Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby Street-Epler Avenue Studio Apartments | $969 | $790 | $1,435 |
| Shelby Street-Epler Avenue 1 Bedroom Apartments | $1,049 | $799 | $1,650 |
| Shelby Street-Epler Avenue 2 Bedroom Apartments | $1,226 | $775 | $1,899 |
| Shelby Street-Epler Avenue 3 Bedroom Apartments | $1,366 | $1,045 | $1,760 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Shelby Street-Epler Avenue Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Shelby Street-Epler Avenue, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Shelby Street-Epler Avenue Apartments for Rent
 The cheapest available apartment rental in the Shelby Street-Epler Avenue 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 Shelby Street-Epler Avenue 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 | 2BR,1BA | $775 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $789 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $790 |
| Garfield Park Village | 1/1 Renovated | 1BR,1BA | $799 |
| Spicewood | Studio | Studio,1BA | $799 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $800 |
| South & Madison | E2 | Studio,1BA | $809 |
| Cherry Glen | Studio | Studio,1BA | $809 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in Shelby Street-Epler Avenue, IN
As of July 22, 2026 the best value apartment in the Shelby Street-Epler Avenue area is the $1.08 price per square foot 3Bd/1.5Ba Dn W/D Model at Martinique Terrace in the in the Winchester Village neighborhood starting from $1,399. The second greatest value Shelby Street-Epler Avenue apartment is the 2FU Model at Dakota Ridge starting at $1,335 with a $1.29 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Shelby Street-Epler Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Martinique Terrace | 3Bd/1.5Ba Dn W/D | 3BR,1.5BA | $1.08 |
| Dakota Ridge | 2FU | 2BR,2BA | $1.29 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.09 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.21 |
| CrossRoads @ Madison Park | CrossRoads @ Madison Park - 01 | 2BR,1BA | $1.10 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.14 |
| CrossRoads @ Southgreen | CrossRoads @ Southgreen - 615-1... | 2BR,1BA | $1.20 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.11 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 2BR,1BA | $1.11 |
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.
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
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleShelby Street-Epler Avenue, Indianapolis, IN
Ranked #93
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Indianapolis, Indiana. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendliness, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Shelby Street-Epler Avenue Apartments
What is the Cheapest Studio apartment in Shelby Street-Epler Avenue?
Currently the most affordable Cheap Studio Apartment in Shelby Street-Epler Avenue is at 5700 Madison Apartments & Edgewood on Madison listed at $790.
How much is rent for a Cheap One Bedroom Shelby Street-Epler Avenue Apartment?
The lowest price for a Cheap One Bedroom Shelby Street-Epler Avenue Apartment is $768 at Windsor Court.
What is the lowest price for a Cheap Two Bedroom Shelby Street-Epler Avenue Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shelby Street-Epler Avenue is starting from $775 at One Somerset.
What is the most affordable Shelby Street-Epler Avenue Three Bedroom Apartment?
The best deal on a cheap Shelby Street-Epler Avenue Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,040.
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.
Helpful Local Expert Guides

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.