
Cheap Apartments for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.


Indy Town Apartments

Autumn Trails Apartments

Apartments @ Marten Court

Serenity Park Apartments

Olivewood

Brookhaven Apartments

Harrison Point Apartments

2431-2433 W Arlington Ct
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.

Prairies Apartments

Kingston Square Apartments
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!

Canterbury House Apartments - Franklin Road

Discover the Best of Lawrence Living at Bellagio Living
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 | $782 | $725 | $929 |
Thirty-Eighth & Shadeland 1 Bedroom Apartments | $1,209 | $500 | $1,799 |
Thirty-Eighth & Shadeland 2 Bedroom Apartments | $1,328 | $750 | $1,990 |
Thirty-Eighth & Shadeland 3 Bedroom Apartments | $1,708 | $1,370 | $2,260 |
Thirty-Eighth & Shadeland 4 Bedroom Apartments | $1,504 | $1,199 | $1,920 |
Browse Apartments in this Neighborhood
There are currently 28 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 |
Prairies Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $865 |
Olivewood | One Bed One Bath | 1BR,1BA | $875 |
Kingston Square Apartments | The Ash | Studio,1BA | $879 |
Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $909 |
Fountainview Apartments | 1BR/1BA | 1BR,1BA | $925 |
Apartments @ Marten Court | 1x1 | 1BR,1BA | $925 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of April 18, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.14 price per square foot 2 Bed/2Ba Den W/D Up Model at Fallwood in the in the United Northeast neighborhood starting from $1,481. The second greatest value Thirty-Eighth & Shadeland apartment is the 1st Floor Standard + W/D Hookups Model at 60 - ADDISON APARTMENTS starting at $945 with a $0.95 price per square foot in the Southeast Indianapolis 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. |
---|---|---|---|
Fallwood | 2 Bed/2Ba Den W/D Up | 2BR,2BA | $1.14 |
60 - ADDISON APARTMENTS | 1st Floor Standard + 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 |
Prairies Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.99 |
Fountainview Apartments | 2BR/1BA | 2BR,1BA | $1.45 |
Braeburn Village | 2X1-50 | 2BR,1BA | $1.19 |
Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.33 |
Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleThirty-Eighth & Shadeland, Indianapolis, IN
Ranked #186
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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 $925.
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 $1,590.
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 $310 which is $1,280 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.

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.

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.

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.