Cheap Apartments for Rent in the South Emerson Neighborhood of Indianapolis, IN from $700 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Emerson area of Indianapolis.

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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
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South Emerson, Indianapolis, IN Local Guide

Cheapest Available South Emerson Apartments for Rent

 

The cheapest available apartment rental in the South Emerson area of Indianapolis, IN is a 1 Bed unit found at Stone Lake priced from $700. Cherry Glen has the second lowest priced unit, which is a Studio apartment currently listed from $819. Here are the most affordable South Emerson apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$700
Cherry GlenStudioStudio,1BA$819
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$915
Emerson VillageThe Cardinal - Premium1BR,1BA$923

Best Value Apartments for Rent in South Emerson, IN

As of March 30, 2025 the best value apartment in the South Emerson area is the $1.27 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $2,095. The second greatest value South Emerson 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 South Emerson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Park Village3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.27
Sherman VillageTownhome3BR,1.5BA$0.88
Strawbridge GreenMadison2BR,1.5BA$0.97
Keeneland Crest ApartmentsCamden2BR,1BA$1.36
Sundance ApartmentsThe Mist 2 BR 1 BA2BR,1BA$1.38
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.22
The SterlingThe Remington2BR,1BA$1.22
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.12
Beech Meadow ApartmentsBirch1BR,1BA$1.38
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #71

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
South Emerson, Indianapolis, IN

School data provided by Great Schools

Best Local Schools in
South Emerson, Indianapolis, IN

School data provided by Great Schools

Getting Around the South Emerson Neighborhood in Indianapolis, IN

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 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 South Emerson Apartments

What is the price of a cheap apartment in South Emerson?

The cheapest apartment in South Emerson is Stone Lake which is listed at $700, while the average apartment in South Emerson costs $1,586.

What types of apartments are the cheapest in South Emerson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in South Emerson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Emerson?

Cheap apartments in South Emerson have an average cost of $844 which is $742 cheaper than the average rent for all rentals in South Emerson.

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.

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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.

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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.