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$649Studio Apartments Available Now
4985 N Franklin Rd
4985 N Franklin RdIndianapolis, IN 46226
Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.
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$649Studio Apartments Available Now
4985 N Franklin Rd
4985 N Franklin RdIndianapolis, IN 46226
6005 Dickson Rd
IndianapolisIN46226
2238 Admiral Dr
IndianapolisIN46219
2404 N Lesley Ave
IndianapolisIN46218
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2226 N Kenyon St
IndianapolisIN46219
6119 Nimitz Dr
IndianapolisIN46219
6149 Commodore Dr
IndianapolisIN46219
2417 N Bolton Ave
IndianapolisIN46218
6808 East 21st St
IndianapolisIN46219
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.
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$1,0252 Bedroom Apartments Available Now
4200 N Arlington Ave
4200 N Arlington AveIndianapolis, IN 46226
3710 N Irvington Ave
IndianapolisIN46218
3809 Biscayne Rd
IndianapolisIN46226
3319 N Hawthorne Ln
IndianapolisIN46218
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$1,1002 Bedroom Apartments Available Now
2243-2245 Admiral Dr
2243-2245 Admiral DrIndianapolis, IN 46219
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
3316 N Emerson Ave
IndianapolisIN46218
Showing Results 1-16, Page 1 of 1
Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
How much does it cost to rent a home in Thirty-Eighth & Shadeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Shadeland 2 Bedroom Homes for Rent | $1,011 | $725 | $1,380 |
| Thirty-Eighth & Shadeland 3 Bedroom Homes for Rent | $1,428 | $850 | $1,945 |
| Thirty-Eighth & Shadeland 4 Bedroom Homes for Rent | $1,438 | $1,395 | $1,495 |
| Thirty-Eighth & Shadeland 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
| Thirty-Eighth & Shadeland 6 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN.
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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
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Cheapest Available Thirty-Eighth & Shadeland Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Shadeland area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $725. Olivewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Olivewood | One Bed One Bath | 1BR,1BA | $749 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
| Arlington Green (Indy Town) | Arlington Green 2 bedroom | 2BR,1BA | $833 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of May 28, 2026 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.08 price per square foot The Mansion - Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,449. The second greatest value Thirty-Eighth & Shadeland apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Thirty-Eighth & Shadeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | The Mansion - Three Bedroom Two Bath | 3BR,2BA | $1.08 |
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| 60 - ADDISON APARTMENTS | Addison Apts - Gorgeous 2 Bed/1 Bath Apt | 2BR,1BA | $0.96 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $1.02 |
| Maison Gardens Apartments | 2 BDR Remodeled | 2BR,1BA | $1.19 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.38 |
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
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.
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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.
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Pet Friendly LifestyleThirty-Eighth & Shadeland, Indianapolis, IN
Ranked #174
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Thirty-Eighth & Shadeland
What type of rentals are currently available in Thirty-Eighth & Shadeland?
There are currently 95 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $649 to $5,661. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $725 to $2,495.
What is the current price range for Rental Homes in Thirty-Eighth & Shadeland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Thirty-Eighth & Shadeland ranges from $725 to $2,495 with an average monthly rent of $1,610.
How much are larger Three and Four Bedroom Rentals in Thirty-Eighth & Shadeland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Thirty-Eighth & Shadeland range from $1,000 to $5,661, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,825.
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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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