Cheap Homes for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $800 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.

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Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide

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 $649. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$649
OlivewoodStudioStudio,1BA$750
Maison Gardens Apartments2 BDR Remodeled2BR,1BA$780
Kingston Square ApartmentsThe AshStudio,1BA$799
Jamestowne ApartmentsClassic1BR,1BA$825

Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN

As of August 26, 2026 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.12 price per square foot The Mansion - Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,499. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Paragon ParkThe Mansion - Three Bedroom Two Bath3BR,2BA$1.12
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.94
Park Forest Apartments2BR/1BA2BR,1BA$1.07
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.98
6028 Laurel Hall Dr2BR/1.0BA2BR,1BA$1.09
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.02
Lawrence LandingOne Bedroom1BR,1BA$1.10
Jamestowne ApartmentsClassic1BR,1BA$1.17
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,1BA$1.22

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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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.

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Pet Friendly Lifestyle
Thirty-Eighth & Shadeland, Indianapolis, IN

Ranked #155

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Thirty-Eighth & Shadeland

What type of rentals are currently available in Thirty-Eighth & Shadeland?

There are currently 106 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $649 to $7,429. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $800 to $2,095.

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 $800 to $2,095 with an average monthly rent of $1,401.

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 $950 to $7,429, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,800.

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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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.