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$765 - $1,470Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.
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$775 - $995
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$775 - $995
Total Monthly Price
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One Somerset
3761 S State AveIndianapolis, IN 46227
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$799 - $1,5921 to 2 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
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$839 - $1,4391 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$860 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$863 - $1,8191 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$884 - $1,3991 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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.
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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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$900 - $1,1001 to 2 Bedroom Apartments Available Now
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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$928 - $1,1121 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
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$999 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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$1,000 - $1,3601 to 3 Bedroom Apartments Contact Us For Availability
City Heights
457 Monument View DrIndianapolis, IN 46227
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$1,025 - $1,089Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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$1,049 - $1,4551 to 2 Bedroom Apartments Available Now
Creek Bay
6650 Creek Bay DrIndianapolis, IN 46217
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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.
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$1,090 - $1,2601 to 2 Bedroom Apartments Available Now
Fox Club
4401 S Keystone AveIndianapolis, IN 46227
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$1,199 - $1,5991 to 3 Bedroom Apartments Available Now
Hanna Village
4020 Hanna Village DrIndianapolis, IN 46227
717-717 Southfield Ct
IndianapolisIN46227
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Studio to 3 Bedroom Apartments
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
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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
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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1 to 2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, 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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1 to 2 Bedroom Apartments
Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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2 Bedroom Apartments
Markwood Terrace Apartments
920 E Markwood AveIndianapolis, IN 46227
615 E Thompson Rd
IndianapolisIN46227
1051 E Edwards Ave
IndianapolisIN46227
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Showing Results 1-28, 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 | $1,084 | $765 | $1,325 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,055 | $799 | $1,650 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,229 | $775 | $1,899 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,557 | $1,220 | $2,200 |
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 28 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 $765. One Somerset has the second lowest priced unit, which is a 2 Beds 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 | $765 |
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| Pine Glen | Maple Vintage | 1BR,1BA | $799 |
| South & Madison | E2 | Studio,1BA | $809 |
| Stone Lake | 1x1 Renovated | 1BR,1BA | $825 |
| Spicewood | Studio | Studio,1BA | $849 |
| Meridian Court South | Hideaway 1 & 2 | 1BR,1BA | $860 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $863 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $884 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $899 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of April 27, 2026 the best value apartment in the Thompson-Edgewood area is the $1.29 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $2,200. The second greatest value Thompson-Edgewood apartment is the 2Bd/1Ba Lg Dn W/D Model at Martinique Terrace starting at $1,229 with a $1.23 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. |
|---|---|---|---|
| 4946 Camden St, Unit Big Camden | 4946 Camden St | 3BR,2BA | $1.29 |
| Martinique Terrace | 2Bd/1Ba Lg Dn W/D | 2BR,1BA | $1.23 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.10 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.27 |
| Brookwood Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.20 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.10 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.40 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Capital Place | One Bedroom One Bath | 1BR,1BA | $1.43 |
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
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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
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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 #137
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 $899.
What is the price of a cheap apartment in Thompson-Edgewood?
The cheapest apartment in Thompson-Edgewood is Pine Glen which is listed at $799, while the average apartment in Thompson-Edgewood costs $1,499.
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 36 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 $184 which is $1,315 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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