701 W Hanna Ave
IndianapolisIN46217
Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.
close
View Me
from $740Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
close
View Me
Rent Specials
from $8401 to 2 Bedroom Apartments Available Now
Meridian Court
7266 Lockwood LnIndianapolis, IN 46217
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.
close
View Me
from $8411 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
close
View Me
from $849Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
close
View Me
Rent Specials
from $850Studio to 2 Bedroom Apartments Available Now
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
close
View Me
Rent Specials
from $8701 to 3 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
close
View Me
from $1,0001 to 3 Bedroom Apartments Available Now
City Heights
457 Monument View DrIndianapolis, IN 46227
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
615 E Thompson Rd
IndianapolisIN46227
Showing Results 1-18, 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 | $1,004 | $740 | $1,325 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,115 | $840 | $1,650 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,276 | $942 | $1,913 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,368 | $1,210 | $1,614 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Thompson-Edgewood Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Thompson-Edgewood, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Thompson-Edgewood Apartments for Rent
The cheapest available apartment rental in the Thompson-Edgewood area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $728. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $740 |
| South & Madison | E2 | Studio,1BA | $840 |
| Meridian Court | Villa | 1BR,1BA | $840 |
| Cherry Glen | Studio | Studio,1BA | $849 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of July 10, 2025 the best value apartment in the Thompson-Edgewood area is the $1.13 price per square foot Two Bedroom Two Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,125. The second greatest value Thompson-Edgewood apartment is the Two Bedroom One Bath TH Model at Capital Place starting at $1,140 with a $1.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.28 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.35 |
| Creek Bay | 1Bed/1Bath Large | 1BR,1BA | $1.46 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.11 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $1.28 |
| City Heights | 1A | 1BR,1BA | $1.44 |
| Hanna Village | Camden | 1BR,1BA | $1.64 |
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $1.55 |
Quick 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.
Let everyone know!
Do you know the Thompson-Edgewood area?
If you’re an expert on all things Thompson-Edgewood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleThompson-Edgewood, Indianapolis, IN
Ranked #181
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $740.
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 $985 at Windsor Court.
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.
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.
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.
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.
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.