Cheap Homes for Rent in Thompson-Edgewood Neighborhood of Indianapolis, IN from $300 (4 Rentals)

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

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.

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.

Thompson-Edgewood, Indianapolis, IN Local Guide

Best Value Apartments for Rent in Thompson-Edgewood, IN

As of June 28, 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 Redwood Two Model at Brookwood Apartments starting at $1,150 with a $1.28 price per square foot in the Shelby Street-Epler Avenue 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.
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Brookwood ApartmentsRedwood Two2BR,2BA$1.28
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.32
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.28
Martinique Terrace1 Bed/1Ba Up1BR,1BA$1.33
Creek Bay1Bed/1Bath Large1BR,1BA$1.44
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.12
Pine GlenOne Bedroom One Bath1BR,1BA$1.10
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24
City Heights1A1BR,1BA$1.44

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Frequently Asked Questions about Thompson-Edgewood

What type of rentals are currently available in Thompson-Edgewood?

There are currently 50 Apartments for Rent in Thompson-Edgewood, IN with pricing that ranges from $600 to $1,913. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thompson-Edgewood ranging from $354 to $2,500.

What is the current price range for Rental Homes in Thompson-Edgewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Thompson-Edgewood ranges from $354 to $2,500 with an average monthly rent of $1,576.

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.

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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.

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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.

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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.

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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.