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$649Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.
6005 Dickson Rd
IndianapolisIN46226
3805 Biscayne Rd
IndianapolisIN46226
8763 E 46th St
IndianapolisIN46226
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2412 W Arlington Ct
IndianapolisIN46218
3809 Biscayne Rd
IndianapolisIN46226
6255 E 25th St
IndianapolisIN46219
3319 N Hawthorne Ln
IndianapolisIN46218
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.
Showing Results 1-8, Page 1 of 1
Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
How much does it cost to rent a home in Thirty-Eighth & Shadeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Shadeland 2 Bedroom Homes for Rent | $1,039 | $725 | $1,275 |
| Thirty-Eighth & Shadeland 3 Bedroom Homes for Rent | $1,397 | $1,100 | $1,895 |
| Thirty-Eighth & Shadeland 4 Bedroom Homes for Rent | $1,536 | $1,395 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN.
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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
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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. Peppermill Farms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Peppermill Farms | 1BR | 1BR,1BA | $735 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of April 12, 2026 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.07 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 $1,395. The second greatest value Thirty-Eighth & Shadeland apartment is the The Estate - Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,209 with a $0.99 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Paragon Park | The Estate - Two Bedroom 1.5 Bath | 2BR,1.5BA | $0.99 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Indy Town Apartments | Greenway 2 bedroom | 2BR,1BA | $0.94 |
| Peppermill Farms | 2BR | 2BR,1BA | $1.26 |
| Greenway Apartments | Greenway 2 bedroom | 2BR,1BA | $1.02 |
| Lawrence Landing | One Bedroom | 1BR,1BA | $1.12 |
| Maison Gardens Apartments | 1BD R | 1BR,1BA | $1.32 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleYour 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
Read ArticleQuick 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 LifestyleThirty-Eighth & Shadeland, Indianapolis, IN
Ranked #190
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Thirty-Eighth & Shadeland
What type of rentals are currently available in Thirty-Eighth & Shadeland?
There are currently 95 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $649 to $7,560. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $725 to $1,895.
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 $725 to $1,895 with an average monthly rent of $1,217.
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 $975 to $7,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,895. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,825.
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.