615 E Thompson Rd
IndianapolisIN46227
Cheap Homes for Rent in Edgewood Neighborhood of Indianapolis, IN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Edgewood area of Indianapolis.
2601 Lawrence Ct
IndianapolisIN46227
3854 S Sherman Dr
IndianapolisIN46237
3903 Bartlett Ave
IndianapolisIN46227
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
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How much does it cost to rent a home in Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewood 2 Bedroom Homes for Rent | $1,156 | $950 | $1,425 |
| Edgewood 3 Bedroom Homes for Rent | $1,690 | $1,000 | $2,195 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Edgewood Neighborhood of Indianapolis, IN.
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Best Value Apartments for Rent in Edgewood, IN
As of March 27, 2025 the best value apartment in the Edgewood area is the $0.88 price per square foot Townhome Model at Sherman Village in the in the Carson Heights neighborhood starting from $1,150. The second greatest value Edgewood apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,090 with a $1.09 price per square foot in the Thompson-Edgewood 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. |
|---|---|---|---|
| Sherman Village | Townhome | 3BR,1.5BA | $0.88 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.09 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.32 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.28 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.24 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.33 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.13 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.22 |
| South & Madison | A1 | 1BR,1BA | $1.27 |
Frequently Asked Questions about Edgewood
What type of rentals are currently available in Edgewood?
There are currently 41 Apartments for Rent in Edgewood, IN with pricing that ranges from $765 to $2,986. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood ranging from $950 to $2,195.
What is the current price range for Rental Homes in Edgewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewood ranges from $950 to $2,195 with an average monthly rent of $1,423.
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.