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
  • Utilities Included

South Emerson - 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!

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 $799. 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$799
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
The SycamoresA1 The Sycamores 1/11BR,1BA$950

Best Value Apartments for Rent in South Emerson, IN

As of April 21, 2025 the best value apartment in the South Emerson area is the $1.00 price per square foot Townhome Model at Sherman Village in the in the Carson Heights neighborhood starting from $1,300. The second greatest value South Emerson apartment is the Churchill Model at Lakes of Windsor starting at $1,440 with a $1.36 price per square foot in the Southeast Indianapolis 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.
Sherman VillageTownhome3BR,1.5BA$1.00
Lakes of WindsorChurchill2BR,2BA$1.36
Sundance ApartmentsThe Vintage 2 BR 2 BA2BR,2BA$1.36
Strawbridge GreenStrawbridge2BR,1BA$1.05
Keeneland Crest ApartmentsCamden2BR,1BA$1.11
The SycamoresB2 The Spruce 2/22BR,2BA$1.38
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.06
The SterlingThe Remington2BR,1BA$1.22
Beech Meadow ApartmentsBirch1BR,1BA$1.34
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Pet Friendly Lifestyle
South Emerson, Indianapolis, IN

Ranked #70

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

Frequently Asked Questions about Cheap South Emerson Apartments

What is the Cheapest Studio apartment in South Emerson?

Currently the most affordable Cheap Studio Apartment in South Emerson is at Cherry Glen listed at $799.

How much is rent for a Cheap One Bedroom South Emerson Apartment?

The lowest price for a Cheap One Bedroom South Emerson Apartment is $700 at Stone Lake.

What is the lowest price for a Cheap Two Bedroom South Emerson Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Emerson is starting from $800 at Stone Lake.

What is the most affordable South Emerson Three Bedroom Apartment?

The best deal on a cheap South Emerson Three Bedroom Apartment rental is at Berkley Commons and starts from $1,130.

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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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.

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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.