701 W Hanna Ave
IndianapolisIN46217
Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $683 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.
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$683 - $1,432Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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$799 - $1,175Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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$810 - $1,4171 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$824 - $1,4091 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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$850 - $1,0501 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
969-971 E Mills Ave
IndianapolisIN46227
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$870 - $2,0741 to 2 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
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Rent Specials
$875 - $1,025
Total Monthly Price
Base Rent$875 - $1,025
Total Monthly PriceVaries
One Somerset
3761 S State AveIndianapolis, IN 46227
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$890 - $1,1001 to 2 Bedroom Apartments Available Now
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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$899 - $1,225Studio to 2 Bedroom Apartments Available Now
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
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$915 - $1,2601 to 2 Bedroom Apartments Available Now
Fox Club
4401 S Keystone AveIndianapolis, IN 46227
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$944 - $1,7271 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$980 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$1,038 - $1,4391 to 3 Bedroom Apartments Available Now
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
2301-2303 Fairfax Rd
IndianapolisIN46227
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1 to 2 Bedroom Apartments
Estate View
6768 S East StIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Stone Lake
2913 E Hanna AveIndianapolis, IN 46227
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
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1 to 2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Markwood Terrace Apartments
920 E Markwood AveIndianapolis, IN 46227
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Studio to 3 Bedroom Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Spicewood
354 Spicewood DrIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
CrossRoads @ Madison Park
4725 Madison AveIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
CrossRoads @ Southgreen
5030 Southgreen DrIndianapolis, IN 46227
Thompson-Edgewood - 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!
615 E Thompson Rd
IndianapolisIN46227
3853 S State Ave
IndianapolisIN46227
Showing Results 1-26, Page 1 of 1
Thompson-Edgewood, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thompson-Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thompson-Edgewood Studio Apartments | $980 | $683 | $1,325 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,065 | $810 | $1,650 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,244 | $952 | $2,074 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,550 | $1,267 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Thompson-Edgewood Neighborhood of Indianapolis, IN.
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Thompson-Edgewood, Indianapolis, IN Local Guide
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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 $683. Brookwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $683 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $775 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| South & Madison | E2 | Studio,1BA | $809 |
| Spicewood | Studio | Studio,1BA | $819 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $824 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $850 |
| Pine Glen | 1x1 Classic WL | 1BR,1BA | $870 |
| One Somerset | One Somerset - 1 Bed/1 Bath. Act Now! Get a $30... | 1BR,1BA | $875 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $890 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of September 10, 2026 the best value apartment in the Thompson-Edgewood area is the $1.09 price per square foot Two Bedroom 1.5 Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,090. The second greatest value Thompson-Edgewood apartment is the Two Bedroom Two Bathroom (C3M) Model at Windsor Court starting at $1,118 with a $1.15 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Thompson-Edgewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.09 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| Brookwood Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.23 |
| CrossRoads @ Madison Park | CrossRoads @ Madison Park - 01 | 2BR,1BA | $1.10 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR,1BA | $1.34 |
| CrossRoads @ Southgreen | CrossRoads @ Southgreen - 615-1... | 2BR,1BA | $1.20 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.24 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.32 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $1.38 |
| Pine Glen | 1x1 Classic WL | 1BR,1BA | $1.43 |
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.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 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.
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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 LifestyleThompson-Edgewood, Indianapolis, IN
Ranked #128
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Thompson-Edgewood Apartments
What is a cheap apartment in Thompson-Edgewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thompson-Edgewood is under $890.
What is the price of a cheap apartment in Thompson-Edgewood?
The cheapest apartment in Thompson-Edgewood is Brookwood Apartments which is listed at $775, while the average apartment in Thompson-Edgewood costs $1,152.
What types of apartments are the cheapest in Thompson-Edgewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Thompson-Edgewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Thompson-Edgewood?
Cheap apartments in Thompson-Edgewood have an average cost of $110 which is $1,042 cheaper than the average rent for all rentals in Thompson-Edgewood.
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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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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