Cheap Apartments for Rent in the Edgewood Avenue Neighborhood of Indianapolis, IN from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Encore Apartments
Studio to 1 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
  • Utilities Included
close
View Me
Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included
close
View Me
Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included

Edgewood Avenue, Indianapolis, IN Local Guide

Cheapest Available Edgewood Avenue Apartments for Rent

 

The cheapest available apartment rental in the Edgewood Avenue area of Indianapolis, IN is a 1 Bed unit found at Sawmill Apartments priced from $849. Emerson Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $968. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Emerson VillageThe Cardinal - Premium1BR,1BA$968
Willow Glen South1 bedroom lake1BR,1BA$994
Beech Meadow ApartmentsBirch1BR,1BA$1,006
Strawbridge GreenStrawbridge2BR,1BA$1,055

Best Value Apartments for Rent in Edgewood Avenue, IN

As of March 23, 2025 the best value apartment in the Edgewood Avenue area is the $1.27 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $2,095. The second greatest value Edgewood Avenue apartment is the Townhome Model at Sherman Village starting at $1,150 with a $0.88 price per square foot in the Carson Heights neighborhood. Here is today’s list of the best values for Edgewood Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Park Village3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.27
Sherman VillageTownhome3BR,1.5BA$0.88
Redwood IndianapolisForestwood2BR,2BA$1.38
Strawbridge GreenStrawbridge2BR,1BA$1.04
Keeneland Crest ApartmentsHartford2BR,1BA$1.41
Lakes of WindsorChelsea1BR,1BA$1.49
Beech Meadow ApartmentsBirch1BR,1BA$1.34
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.13
Overlook at Valley Ridge ApartmentsA1 - Champlain1BR,1BA$1.48
Ninth Avenue ApartmentsThe Poppy1BR,1BA$1.51

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Edgewood Avenue, Indianapolis, IN

Ranked #44

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Edgewood Avenue Apartments

What is the Cheapest Studio apartment in Edgewood Avenue?

Currently the most affordable Cheap Studio Apartment in Edgewood Avenue is at ARLO Apartments listed at $1,370.

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

The lowest price for a Cheap One Bedroom Edgewood Avenue Apartment is $849 at Sawmill Apartments.

What is the lowest price for a Cheap Two Bedroom Edgewood Avenue Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Edgewood Avenue is starting from $999 at Sawmill Apartments.

What is the most affordable Edgewood Avenue Three Bedroom Apartment?

The best deal on a cheap Edgewood Avenue Three Bedroom Apartment rental is at Sherman Village and starts from $1,300.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.