Cheap Homes for Rent in South Emerson Neighborhood of Indianapolis, IN from $1,400 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 6140 Gunyon Way

6140 Gunyon Way

IndianapolisIN46237

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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 $849. Heathmoore - Indianapolis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here are the most affordable South Emerson apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cherry GlenStudioStudio,1BA$849
Heathmoore - Indianapolis1 Bed 1 Bath1BR,1BA$865
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$915

Best Value Apartments for Rent in South Emerson, IN

As of September 14, 2025 the best value apartment in the South Emerson area is the $1.36 price per square foot 3 Bedroom Model at Park View at Beech Grove in the in the Southeast Indianapolis neighborhood starting from $1,627. The second greatest value South Emerson apartment is the B2 The Spruce 2/2 Model at The Sycamores starting at $1,350 with a $1.38 price per square foot in the Winchester Village 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.
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
The SycamoresB2 The Spruce 2/22BR,2BA$1.38
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Strawbridge GreenEmerson2BR,1BA$1.15
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.12
Fox ClubOne Bedroom One Bath1BR,1BA$1.16
Beech Tree Glen Apartments1x1R1BR,1BA$1.21
Emerson VillageThe Ruby - Premium2BR,1BA$1.35
Beech Meadow ApartmentsBirch1BR,1BA$1.33
Churchman Woods2 BEDROOM2BR,1BA$1.30

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #100

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about South Emerson

What type of rentals are currently available in South Emerson?

There are currently 33 Apartments for Rent in South Emerson, IN with pricing that ranges from $675 to $2,105. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Emerson ranging from $1,435 to $4,500.

What is the current price range for Rental Homes in South Emerson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Emerson ranges from $1,435 to $4,500 with an average monthly rent of $2,133.

How much are larger Three and Four Bedroom Rentals in South Emerson?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Emerson range from $1,220 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,435 to $2,430. Four Bedroom Single-Family rentals are also available starting from $1,525 and Four Bedroom Apartments start at $1,503.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.