Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $800 (41 Rentals)

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

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

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property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

Thirty-Eighth & Shadeland - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 6244 Raleigh Dr

6244 Raleigh Dr

IndianapolisIN46219
Showing Results 1-41, Page 1 of 1

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
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$798
Prairies Apartments1 Bedroom Apartment1BR,1BA$821
Kingston Square ApartmentsThe AshStudio,1BA$829
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$850
Braeburn Village1x1-501BR,1BA$868
OlivewoodOne Bed One Bath1BR,1BA$925
Fountainview Apartments1BR/1BA1BR,1BA$925
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$925

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

As of July 27, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. The second greatest value Thirty-Eighth & Shadeland apartment is the 1 Bed 1 Bath Model at Brookhaven Apartments starting at $850 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$1.15
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.89
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Reserve at Franklin Glen2BR2B- Reserve at Franklin Glen2BR,2BA$1.31
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.07
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.09
Lawrence LandingOne Bedroom1BR,1BA$1.10
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.16
Prairies Apartments1 Bedroom Apartment1BR,1BA$1.28

Quick Rent Budget Calculator

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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 92 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $715 to $2,100. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $825 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 $825 to $2,695 with an average monthly rent of $1,569.

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 $1,349 to $1,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $1,740. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,800.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.