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$665Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
Cheap Homes for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $800 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.
6119 Nimitz Dr
IndianapolisIN46219
6808 East 21st St
IndianapolisIN46219
6126 Windsor Dr
IndianapolisIN46219
2245 Admiral Dr
IndianapolisIN46219
4823 Atwell Dr
LawrenceIN46226
6267 E 24th St
IndianapolisIN46219
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.
3226 Wellington Ave
IndianapolisIN46226
3934 N Grand Ave
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
5417 East 21st St
IndianapolisIN46218
6947 E 48th St
IndianapolisIN46226
3815 Biscayne Rd
IndianapolisIN46226
3516 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.
8738 Montery Rd
IndianapolisIN46226
8501 Athens Ct
IndianapolisIN46226
4307 N Edmondson Ave
IndianapolisIN46226
6649 Meadowlark Dr
IndianapolisIN46226
8315 Meadowlark Dr
IndianapolisIN46226
3705 N Whittier Pl
IndianapolisIN46218
4430 N Longworth Ave
IndianapolisIN46226
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.
Showing Results 1-21, 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 | $1,193 | $1,050 | $1,425 |
| Thirty-Eighth & Shadeland 3 Bedroom Homes for Rent | $1,428 | $850 | $1,945 |
| Thirty-Eighth & Shadeland 4 Bedroom Homes for Rent | $1,488 | $1,295 | $2,095 |
| Thirty-Eighth & Shadeland 5 Bedroom Homes for Rent | $2,047 | $1,700 | $2,395 |
| Thirty-Eighth & Shadeland 6 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 $665. Arlington Green (Indy Town) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $723. 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 | $665 |
| Arlington Green (Indy Town) | Arlington Green 1 bedroom | 1BR,1BA | $723 |
| Maison Gardens Apartments | 2 BDR Remodeled | 2BR,1BA | $780 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $797 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of July 12, 2026 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.04 price per square foot The Mansion - 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 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 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. |
|---|---|---|---|
| Paragon Park | The Mansion - Three Bedroom Two Bath | 3BR,2BA | $1.04 |
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.04 |
| 60 - ADDISON APARTMENTS | Addison Apts - Gorgeous 2 Bed/1 Bath Apt | 2BR,1BA | $0.96 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.19 |
| Greenway Apartments | Greenway 2 bedroom | 2BR,1BA | $1.02 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $1.14 |
| Arlington Green (Indy Town) | Arlington Green 2 bedroom | 2BR,1BA | $1.24 |
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 Article
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #167
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $665 to $7,472. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $850 to $2,495.
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 $850 to $2,495 with an average monthly rent of $1,608.
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 $1,250 to $7,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,536.
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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.