Cheap Apartments for Rent in the South Emerson Neighborhood of Indianapolis, IN from $700 (34 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
$875 - $1,025
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,025
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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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.

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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

South Emerson - 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!

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Showing Results 1-34, 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 Studio unit found at Cherry Glen priced from $799. 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
Cherry GlenStudioStudio,1BA$799
SherbrookStudioStudio,1BA$799
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
One SomersetOne Somerset - 1 Bed/1 Bath. Act Now! Get a $30...1BR,1BA$875
Greentree Apartments1x1 Classic1BR,1BA$889
Strawbridge GreenEmerson2BR,1BA$915
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageCardinal1BR,1BA$938
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$965

Best Value Apartments for Rent in South Emerson, IN

As of August 26, 2026 the best value apartment in the South Emerson area is the $1.35 price per square foot 4x2 Model at Kinwood Place in the in the Southeast Indianapolis neighborhood starting from $2,008. The second greatest value South Emerson apartment is the 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village starting at $1,899 with a $1.42 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.
Kinwood Place4x24BR,2BA$1.35
Coventry Park Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.42
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Lakes of WindsorWinchester2BR,1BA$1.39
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
The SycamoresThe Spruce2BR,2BA$1.41
Strawbridge GreenEmerson2BR,1BA$1.09
Beech Tree Glen Apartments1x1R1BR,1BA$1.28
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,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

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Real 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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Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #102

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

Pet Friendliness Lifestyle Score

3.0
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 $965.

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

The cheapest apartment in South Emerson is Sawmill Apartments which is listed at $849, while the average apartment in South Emerson costs $1,209.

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 $831 which is $378 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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