Cheap Homes for Rent in Edgewood Avenue Neighborhood of Indianapolis, IN from $1,000 (17 Rentals)

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

property at 5860 Newhall Dr

5860 Newhall Dr

IndianapolisIN46239

Edgewood Avenue

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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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 Emerson Village priced from $831. Sawmill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Emerson VillageThe Cardinal - Premium1BR,1BA$831
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Willow Glen South1 bedroom lake1BR,1BA$994
Beech Meadow ApartmentsBirch1BR,1BA$1,006
Strawbridge GreenStrawbridge2BR,1BA$1,070

Best Value Apartments for Rent in Edgewood Avenue, IN

As of April 07, 2025 the best value apartment in the Edgewood Avenue area is the $1.44 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,925. 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 Village2 Bedroom 2.5 Bath Townhome2BR,2.5BA$1.44
Sherman VillageTownhome3BR,1.5BA$0.88
Lakes of WindsorChurchill2BR,2BA$1.36
Sundance ApartmentsThe Vintage 2 BR 2 BA2BR,2BA$1.37
Strawbridge GreenStrawbridge2BR,1BA$1.05
Keeneland Crest ApartmentsClassic1BR,1BA$1.38
Latitudes ApartmentsThe Navigator 1 BR 1 BA1BR,1BA$1.48
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.13
Beech Meadow ApartmentsBirch1BR,1BA$1.34
Emerson VillageThe Cardinal - Premium1BR,1BA$1.36

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Frequently Asked Questions about Edgewood Avenue

What type of rentals are currently available in Edgewood Avenue?

There are currently 41 Apartments for Rent in Edgewood Avenue, IN with pricing that ranges from $831 to $4,007. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood Avenue ranging from $1,050 to $3,100.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewood Avenue ranges from $1,050 to $3,100 with an average monthly rent of $1,985.

How much are larger Three and Four Bedroom Rentals in Edgewood Avenue?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Edgewood Avenue range from $1,030 to $4,007, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,799. Four Bedroom Single-Family rentals are also available starting from $1,840 and Four Bedroom Apartments start at $1,485.

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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.