701 W Hanna Ave
IndianapolisIN46217
Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.
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$690 - $1,395Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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$775 - $9951 to 2 Bedroom Apartments Available Now
One Somerset
3761 S State AveIndianapolis, IN 46227
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$775 - $1,2201 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$840 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$850 - $1,180Studio to 2 Bedroom Apartments Available Now
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
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.
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$884 - $1,3991 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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$915 - $1,2601 to 2 Bedroom Apartments Available Now
Fox Club
4401 S Keystone AveIndianapolis, IN 46227
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$919 - $1,4841 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, 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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$939 - $1,175Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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$945 - $1,3151 to 3 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, 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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$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 Available Now
City Heights
457 Monument View DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Stone Lake
2913 E Hanna AveIndianapolis, IN 46227
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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
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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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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1 to 2 Bedroom Apartments
Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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1 to 3 Bedroom Apartments
Buckridge at Southport
6933 Buckridge West DrIndianapolis, 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.
615 E Thompson Rd
IndianapolisIN46227
Showing Results 1-25, 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 | $1,037 | $690 | $1,325 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,080 | $775 | $1,650 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,260 | $775 | $1,913 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,491 | $1,207 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 25 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 $695. 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 - Loft | Studio,1BA | $695 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $775 |
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| South & Madison | E2 | Studio,1BA | $809 |
| Spicewood | Studio | Studio,1BA | $829 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of January 26, 2026 the best value apartment in the Thompson-Edgewood area is the $1.18 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 $2,000. The second greatest value Thompson-Edgewood apartment is the 3Bd/2Ba Up W/D Model at Martinique Terrace starting at $1,614 with a $1.24 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 | $1.18 |
| Martinique Terrace | 3Bd/2Ba Up W/D | 3BR,2BA | $1.24 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
| Brookwood Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.15 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| City Heights | 1A | 1BR,1BA | $1.44 |
| Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $1.40 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio ,1BA | $1.37 |
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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The 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
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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 #155
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 $915.
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 $1,484.
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 31 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 $246 which is $1,238 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.
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
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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.
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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
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Renting your next home can feel thrilling and overwhelming at the same time.
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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.