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 Franklin Studios priced from $725. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Kingston Square ApartmentsThe AshStudio,1BA$829
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$850
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$872
Frederick SquareFrederick Square 2 bedroom2BR,1BA$872
Indy Town ApartmentsFrederick Square 2 bedroom2BR,1BA$872
Fountainview Apartments1BR/1BA1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$945

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

As of September 14, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.04 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,399. The second greatest value Thirty-Eighth & Shadeland apartment is the Your Dream Apartment! Model at The Reserve at Franklin Glenn I LP starting at $1,490 with a $1.25 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$1.04
The Reserve at Franklin Glenn I LPYour Dream Apartment!3BR,2BA$1.25
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
Lawrence LandingTwo Bedroom2BR,1.5BA$1.08
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.95
Indy Town ApartmentsFrederick Square 2 bedroom2BR,1BA$0.89
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.99
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$1.31

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

Ranked #223

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

Pet Friendliness Lifestyle Score

3.0
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 $725 to $1,800. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $795 to $2,695.

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 $795 to $2,695 with an average monthly rent of $1,588.

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 $1,240 to $1,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $1,910. Four Bedroom Single-Family rentals are also available starting from $1,395 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.

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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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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.

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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.

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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.