Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $700 (28 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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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$762
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$798
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Kingston Square ApartmentsThe AshStudio,1BA$829
Apartments @ Marten Court1x11BR,1BA$850
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$872
Fountainview ApartmentsOasis1BR,1BA$925

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

As of November 11, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.14 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,529. The second greatest value Thirty-Eighth & Shadeland apartment is the 2 Bed 1 Bath Model at Brookhaven Apartments starting at $1,050 with a $0.89 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 ParkThree Bedroom Two Bath3BR,2BA$1.14
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
Lawrence LandingTwo Bedroom2BR,1.5BA$1.03
60 - ADDISON APARTMENTS1st Floor Standard2BR,1BA$0.95
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.15
The Reserve at Franklin Glenn I LPSoon Available: Your Perfect Home Awaits2BR,2BA$1.39
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.09
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.16
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$1.31

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

Ranked #212

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 94 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $699 to $8,304. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $775 to $1,995.

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 $775 to $1,995 with an average monthly rent of $1,279.

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 $1,399 to $8,304, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $1,636.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.