Cheap Apartments for Rent in the South Emerson Neighborhood of Indianapolis, IN from $600 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Emerson area of Indianapolis.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 1 Bed unit found at Stone Lake priced from $650. Parc Bordeaux Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable South Emerson apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$650
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Beech Meadow ApartmentsBirch1BR,1BA$947
The SycamoresA1 The Sycamores 1/11BR,1BA$950
Strawbridge GreenEmerson2BR,1BA$960

Best Value Apartments for Rent in South Emerson, IN

As of May 23, 2025 the best value apartment in the South Emerson area is the $1.19 price per square foot Windsor Model at Lakes of Windsor in the in the Southeast Indianapolis neighborhood starting from $1,670. The second greatest value South Emerson apartment is the Victorian Model at Keeneland Crest Apartments starting at $1,289 with a $1.17 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.
Lakes of WindsorWindsor3BR,2BA$1.19
Keeneland Crest ApartmentsVictorian2BR,2BA$1.17
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.34
Sawmill Apartments2 Bed 1 Bath Large2BR,1BA$1.02
Ninth Avenue ApartmentsThe Lily2BR,1BA$1.38
Beech Tree Glen Apartments2x1R2BR,1BA$1.19
Strawbridge GreenEmerson2BR,1BA$1.14
Beech Meadow ApartmentsHickory2BR,1BA$1.34
The SterlingThe Lexington1BR,1BA$1.32
Stone Lake1X11BR,1BA$1.00

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #47

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Emerson, Indianapolis, IN

School data provided by Great Schools

Getting Around the South Emerson Neighborhood in Indianapolis, IN

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap South Emerson Apartments

How much is rent for a Cheap One Bedroom South Emerson Apartment?

The lowest price for a Cheap One Bedroom South Emerson Apartment is $650 at Stone Lake.

What is the lowest price for a Cheap Two Bedroom South Emerson Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Emerson is starting from $800 at Stone Lake.

What is the most affordable South Emerson Three Bedroom Apartment?

The best deal on a cheap South Emerson Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,030.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.