Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $300 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227

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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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Estate View
1 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227

Thompson-Edgewood, Indianapolis, IN Local Guide

Cheapest Available Thompson-Edgewood Apartments for Rent

 

The cheapest available apartment rental in the Thompson-Edgewood area of Indianapolis, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $765. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$765
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$784
South & MadisonE2Studio,1BA$840
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Pine GlenOne Bedroom One Bath1BR,1BA$870

Best Value Apartments for Rent in Thompson-Edgewood, IN

As of June 16, 2025 the best value apartment in the Thompson-Edgewood area is the $0.89 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,239. The second greatest value Thompson-Edgewood apartment is the Two Bedroom One Bath Model at Pine Glen starting at $950 with a $1.00 price per square foot in the Concord neighborhood. Here is today’s list of the best values for Thompson-Edgewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
SOUTHPORT AT BUCK CREEK2 Bedroom Townhome2BR,1.5BA$0.89
Pine GlenTwo Bedroom One Bath2BR,1BA$1.00
Brookwood ApartmentsRedwood Two2BR,2BA$1.29
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.35
Creek Bay1Bed/1Bath Large1BR,1BA$1.44
Fox ClubOne Bedroom One Bath1BR,1BA$1.14
Capital PlaceTwo Bedroom One Bath2BR,1BA$1.34
One Somerset Apartments2 Bedroom 1 Bathroom2BR,1BA$1.48
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$1.55

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Pet Friendly Lifestyle
Thompson-Edgewood, Indianapolis, IN

Ranked #176

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Thompson-Edgewood Apartments

What is the Cheapest Studio apartment in Thompson-Edgewood?

Currently the most affordable Cheap Studio Apartment in Thompson-Edgewood is at 5700 Madison Apartments & Edgewood on Madison listed at $765.

How much is rent for a Cheap One Bedroom Thompson-Edgewood Apartment?

The lowest price for a Cheap One Bedroom Thompson-Edgewood Apartment is $728 at Windsor Court.

What is the lowest price for a Cheap Two Bedroom Thompson-Edgewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Thompson-Edgewood is starting from $950 at Pine Glen.

What is the most affordable Thompson-Edgewood Three Bedroom Apartment?

The best deal on a cheap Thompson-Edgewood Three Bedroom Apartment rental is at South & Madison and starts from $1,263.

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.