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from $765Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
Cheap Apartments for Rent in the Edgewood Neighborhood of Indianapolis, IN from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewood area of Indianapolis.
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Edgewood
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, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood Studio Apartments | $896 | $765 | $1,135 |
| Edgewood 1 Bedroom Apartments | $1,039 | $794 | $1,925 |
| Edgewood 2 Bedroom Apartments | $1,254 | $910 | $2,106 |
| Edgewood 3 Bedroom Apartments | $1,363 | $1,030 | $2,647 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Edgewood Neighborhood of Indianapolis, IN.
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Edgewood, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
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Cheapest Available Edgewood Apartments for Rent
The cheapest available apartment rental in the Edgewood area of Indianapolis, IN is a 1 Bed unit found at 3321 Eastwind Ct priced from $325. Stone Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Edgewood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3321 Eastwind Ct | 3321 Eastwind Ct | 1BR,1BA | $325 |
| Stone Lake | 1X1 | 1BR,1BA | $700 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $765 |
Best Value Apartments for Rent in Edgewood, IN
As of April 04, 2025 the best value apartment in the Edgewood area is the $0.86 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,199. The second greatest value Edgewood 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 apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.86 |
| Sherman Village | Townhome | 3BR,1.5BA | $0.88 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.09 |
| Strawbridge Green | Redfern | 2BR,1.5BA | $1.11 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.24 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.22 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.28 |
| South & Madison | A1 | 1BR,1BA | $1.27 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for South Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Edgewood Neighborhood in Indianapolis, IN
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Edgewood Apartments
What is the Cheapest Studio apartment in Edgewood?
Currently the most affordable Cheap Studio Apartment in Edgewood is at 5700 Madison Apartments & Edgewood on Madison listed at $765.
How much is rent for a Cheap One Bedroom Edgewood Apartment?
The lowest price for a Cheap One Bedroom Edgewood Apartment is $325 at 3321 Eastwind Ct.
What is the lowest price for a Cheap Two Bedroom Edgewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Edgewood is starting from $800 at Stone Lake.
What is the most affordable Edgewood Three Bedroom Apartment?
The best deal on a cheap Edgewood Three Bedroom Apartment rental is at South & Madison and starts from $1,263.
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.
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.
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.