1748 N Bancroft St
IndianapolisIN46218
Cheap Apartments for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.
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from $6961 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
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from $749Studio to 2 Bedroom Apartments Available Now
Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
from $7691 to 3 Bedroom Apartments Available Now
Serenity Park Apartments
9060 E 39th PlIndianapolis, IN 46235
3003 N Webster Ave
IndianapolisIN46226
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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.
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Thirty-Eighth & Shadeland - 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!
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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thirty-Eighth & Shadeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Shadeland Studio Apartments | $796 | $725 | $929 |
| Thirty-Eighth & Shadeland 1 Bedroom Apartments | $1,188 | $475 | $1,699 |
| Thirty-Eighth & Shadeland 2 Bedroom Apartments | $1,309 | $899 | $2,208 |
| Thirty-Eighth & Shadeland 3 Bedroom Apartments | $1,573 | $1,350 | $2,260 |
| Thirty-Eighth & Shadeland 4 Bedroom Apartments | $2,283 | $1,399 | $4,500 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN.
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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
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Cheapest Available Thirty-Eighth & Shadeland Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Shadeland area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $725. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $769 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $825 |
| Heritage Apartments | Heritage Apartments - 1 Bed/1 Bath | 1BR,1BA | $849 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of May 17, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.01 price per square foot Two Bedroom 1.5 Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,229. The second greatest value Thirty-Eighth & Shadeland apartment is the 2 Bed/2Ba Up Model at Fallwood starting at $1,269 with a $1.06 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Thirty-Eighth & Shadeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.01 |
| Fallwood | 2 Bed/2Ba Up | 2BR,2BA | $1.06 |
| 60 - ADDISON APARTMENTS | 1st Floor Remodel + W/D Hookups | 2BR,1BA | $0.95 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| Heritage Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.31 |
| Braeburn Village | 2X1-50 | 2BR,1BA | $1.19 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $1.29 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleThirty-Eighth & Shadeland, Indianapolis, IN
Ranked #216
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Thirty-Eighth & Shadeland Apartments
What is a cheap apartment in Thirty-Eighth & Shadeland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thirty-Eighth & Shadeland is under $931.
What is the price of a cheap apartment in Thirty-Eighth & Shadeland?
The cheapest apartment in Thirty-Eighth & Shadeland is Serenity Park Apartments which is listed at $769, while the average apartment in Thirty-Eighth & Shadeland costs $1,920.
What types of apartments are the cheapest in Thirty-Eighth & Shadeland?
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 3 regular apartments in Thirty-Eighth & Shadeland 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 Thirty-Eighth & Shadeland?
Cheap apartments in Thirty-Eighth & Shadeland have an average cost of $241 which is $1,679 cheaper than the average rent for all rentals in Thirty-Eighth & Shadeland.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.