Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $600 (37 Rentals)

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

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One Somerset
Rent Specials
$775
Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227

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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
Senior Living
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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CrossRoads @ Southgreen
1 to 2 Bedroom Apartments

CrossRoads @ Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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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!

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Fairfax Duplexes
2 Bedroom Apartments

Fairfax Duplexes

2123 Fairfax RdIndianapolis, IN 46227
Showing Results 1-37, Page 1 of 1

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 Spicewood priced from $759. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
SpicewoodStudioStudio,1BA$759
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$768
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$769
One SomersetOne Somerset - 1 Bed/1 Bath2BR,1BA$775
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$790
South & MadisonE2Studio,1BA$809
Cherry GlenStudioStudio,1BA$809
Capital PlaceTwo Bedroom One Bath2BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Buckridge at Southport1BR/1.0BA1BR,1BA$850

Best Value Apartments for Rent in Thompson-Edgewood, IN

As of July 27, 2026 the best value apartment in the Thompson-Edgewood area is the $1.30 price per square foot 3 Bedroom 1.5 Bath Model at Brookwood Apartments in the in the Shelby Street-Epler Avenue neighborhood starting from $1,284. The second greatest value Thompson-Edgewood apartment is the 2 Bed/1 Ba Standard Dn Model at Martinique Terrace starting at $979 with a $1.09 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brookwood Apartments3 Bedroom 1.5 Bath3BR,1.5BA$1.30
Martinique Terrace2 Bed/1 Ba Standard Dn2BR,1BA$1.09
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.30
CrossRoads @ Madison ParkCrossRoads @ Madison Park - 012BR,1BA$1.10
CrossRoads @ SouthgreenCrossRoads @ Southgreen - 615-1...2BR,1BA$1.20
Buckridge at Southport1BR/1.0BA1BR,1BA$1.18
One SomersetOne Somerset - 1 Bed/1 Bath2BR,1BA$1.11
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.37
City Heights1 x 11BR,1BA$1.44
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$1.38

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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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Pet Friendly Lifestyle
Thompson-Edgewood, Indianapolis, IN

Ranked #163

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
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 Spicewood listed at $759.

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

The lowest price for a Cheap One Bedroom Thompson-Edgewood Apartment is $768 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 $775 at One Somerset.

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

The best deal on a cheap Thompson-Edgewood Three Bedroom Apartment rental is at Brookwood Apartments and starts from $1,219.

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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