
Cheap Homes for Rent in Thompson-Edgewood Neighborhood of Indianapolis, IN from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Thompson-Edgewood area of Indianapolis.


1322 Norton Ave
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.

615 E Thompson Rd
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.

1519 E Mills Ave
Thompson-Edgewood, Indianapolis, IN Local Guide

How much does it cost to rent a home in Thompson-Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thompson-Edgewood 2 Bedroom Homes for Rent | $1,134 | $845 | $1,550 |
| Thompson-Edgewood 3 Bedroom Homes for Rent | $1,608 | $1,250 | $1,800 |
| Thompson-Edgewood 4 Bedroom Homes for Rent | $1,747 | $1,495 | $2,000 |
| Thompson-Edgewood 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Thompson-Edgewood Neighborhood of Indianapolis, IN.
Explore 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 Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $665. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. 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 | $665 |
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of October 27, 2025 the best value apartment in the Thompson-Edgewood area is the $1.20 price per square foot Two Bedroom 1.5 Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,199. The second greatest value Thompson-Edgewood apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,238 with a $1.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.20 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.26 |
| Hanna Village | Concord | 2BR,1BA | $1.43 |
| Martinique Terrace | 2 Bed/1 Ba Standard Dn | 2BR,1BA | $1.27 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.47 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.11 |
| One Somerset | One Somerset - 2 Bed/1 Bath | 2BR,1BA | $1.50 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.29 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe 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 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
Read ArticleQuick 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.
Pet Friendly LifestyleThompson-Edgewood, Indianapolis, IN
Ranked #153
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Thompson-Edgewood
What type of rentals are currently available in Thompson-Edgewood?
There are currently 47 Apartments for Rent in Thompson-Edgewood, IN with pricing that ranges from $665 to $2,500. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thompson-Edgewood ranging from $845 to $3,500.
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 $845 to $3,500 with an average monthly rent of $2,157.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
