
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.


615 E Thompson Rd
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.

3854 S Sherman Dr

4931 Mt Vernon Dr
Edgewood - 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, Indianapolis, IN Local Guide

How much does it cost to rent a home in Edgewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Edgewood 2 Bedroom Homes for Rent | $1,023 | $975 | $1,100 |
Edgewood 3 Bedroom Homes for Rent | $1,847 | $1,350 | $2,745 |
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.
Explore Indianapolis
Best Value Apartments for Rent in Edgewood, IN
As of April 26, 2025 the best value apartment in the Edgewood area is the $0.93 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,299. The second greatest value Edgewood apartment is the Townhome Model at Sherman Village starting at $1,300 with a $1.00 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 | $0.93 |
Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
Hanna Village Apartments | Cambridge | 3BR,2BA | $1.36 |
Strawbridge Green | Strawbridge | 2BR,1BA | $1.11 |
Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.09 |
Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.28 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.34 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.15 |
South & Madison | A1 | 1BR,1BA | $1.27 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
Frequently Asked Questions about Edgewood
What type of rentals are currently available in Edgewood?
There are currently 46 Apartments for Rent in Edgewood, IN with pricing that ranges from $455 to $2,600. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewood ranging from $975 to $3,000.
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 $975 to $3,000 with an average monthly rent of $1,867.
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.