Cheap Apartments for Rent in the South Emerson Neighborhood of Indianapolis, IN from $700 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 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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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, 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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Showing Results 1-35, Page 1 of 1

South Emerson, Indianapolis, IN Local Guide

Cheapest Available South Emerson Apartments for Rent

 

The cheapest available apartment rental in the South Emerson area of Indianapolis, IN is a 2 Beds unit found at One Somerset priced from $775. Sherbrook has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable 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
SherbrookStudioStudio,1BA$799
Stone Lake1x1 Renovated1BR,1BA$825
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$850
Beech Meadow ApartmentsBirch1BR,1BA$867
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageThe Cardinal - Premium1BR,1BA$927
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$975

Best Value Apartments for Rent in South Emerson, IN

As of April 26, 2026 the best value apartment in the South Emerson area is the $1.15 price per square foot Sherman Model at Strawbridge Green in the in the Shelby Street-Epler Avenue neighborhood starting from $1,505. The second greatest value South Emerson apartment is the 3 Bedroom Model at Park View at Beech Grove starting at $1,627 with a $1.36 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for South Emerson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Strawbridge GreenSherman3BR,2.5BA$1.15
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Lakes of WindsorChurchill2BR,2BA$1.39
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.10
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Beech Tree Glen Apartments2x1R2BR,1BA$1.23
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.10
Beech Meadow ApartmentsBirch1BR,1BA$1.16
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #94

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
South Emerson, Indianapolis, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap South Emerson Apartments

What is a cheap apartment in South Emerson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Emerson is under $975.

What is the price of a cheap apartment in South Emerson?

The cheapest apartment in South Emerson is Stone Lake which is listed at $825, while the average apartment in South Emerson costs $1,610.

What types of apartments are the cheapest in 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 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 South Emerson?

Cheap apartments in South Emerson have an average cost of $888 which is $722 cheaper than the average rent for all rentals in 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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