
Cheap Homes for Rent in Edgewood Avenue Neighborhood of Indianapolis, IN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood Avenue area of Indianapolis.


5204 Bahia Dr

49 Trails End

5860 Newhall Dr
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

3503 Pleasant Lake Dr

3503 Pleasant Lake Dr

3534 Ribbon Dr

4561 Plowman Dr
Edgewood Avenue - 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!
Edgewood Avenue, Indianapolis, IN Local Guide

How much does it cost to rent a home in Edgewood Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Edgewood Avenue 2 Bedroom Homes for Rent | $1,172 | $995 | $1,350 |
Edgewood Avenue 3 Bedroom Homes for Rent | $1,898 | $1,340 | $2,745 |
Edgewood Avenue 4 Bedroom Homes for Rent | $2,123 | $1,795 | $2,305 |
Edgewood Avenue 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 3 mile radius of the Edgewood Avenue Neighborhood of Indianapolis, IN.
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Edgewood Avenue, Indianapolis, IN Local Guide
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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. Beech Meadow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Edgewood Avenue apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Beech Meadow Apartments | Birch | 1BR,1BA | $950 |
Willow Glen South | 1 bedroom small lake | 1BR,1BA | $974 |
Best Value Apartments for Rent in Edgewood Avenue, IN
As of April 29, 2025 the best value apartment in the Edgewood Avenue area is the $1.43 price per square foot Willowood Model at Redwood Indianapolis in the in the Southeast Indianapolis neighborhood starting from $1,974. The second greatest value Edgewood Avenue apartment is the 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village starting at $1,925 with a $1.44 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Edgewood Avenue apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Redwood Indianapolis | Willowood | 2BR,2BA | $1.43 |
Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.44 |
Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
Arlington Farms | 2 Bed, 2 Bath | 2BR,2BA | $1.36 |
Strawbridge Green | Madison | 2BR,1.5BA | $0.97 |
Keeneland Crest Apartments | Victorian | 2BR,2BA | $1.33 |
Latitudes Apartments | The Capricorn 2 BR 1 BA | 2BR,1BA | $1.30 |
Sundance Apartments | The Bay 2 BR 1 BA | 2BR,1BA | $1.33 |
Beech Meadow Apartments | Hickory | 2BR,1BA | $1.34 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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.
Frequently Asked Questions about Edgewood Avenue
What type of rentals are currently available in Edgewood Avenue?
There are currently 40 Apartments for Rent in Edgewood Avenue, IN with pricing that ranges from $845 to $3,973. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood Avenue ranging from $995 to $3,000.
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 $995 to $3,000 with an average monthly rent of $1,958.
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 $3,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,340 to $2,745. Four Bedroom Single-Family rentals are also available starting from $1,795 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.

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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.