Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $700 (27 Rentals)

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

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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.

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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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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 Olivewood priced from $699. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
OlivewoodStudioStudio,1BA$699
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Frederick SquareFrederick Square 1 bedroom1BR,1BA$777
Indy Town ApartmentsGreenway 1 bedroom1BR,1BA$795
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$795
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Kingston Square ApartmentsThe AshStudio,1BA$829
The Prairies Apartment Homes1x1 Classic1BR,1BA$879
Fountainview ApartmentsOasis1BR,1BA$925

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

As of December 26, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.12 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,450. The second greatest value Thirty-Eighth & Shadeland apartment is the Two Bedroom One Bath Model at Paragon Park starting at $1,149 with a $0.94 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.
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.12
Paragon ParkTwo Bedroom One Bath2BR,1BA$0.94
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.95
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.15
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Lawrence LandingOne Bedroom1BR,1BA$1.10
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.11
Indy Town ApartmentsGreenway 1 bedroom1BR,1BA$1.20
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$1.20

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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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 #199

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

Pet Friendliness Lifestyle Score

2.5
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 96 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $699 to $7,752. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $749 to $2,295.

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 $749 to $2,295 with an average monthly rent of $1,441.

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 $1,299 to $7,752, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $975.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.