Cheap Homes for Rent in Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $800 (37 Rentals)

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Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

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

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 ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
OlivewoodStudioStudio,1BA$820
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$860
Kingston Square ApartmentsThe AshStudio,1BA$879
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$903
Fountainview Apartments1BR/1BA1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925

Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN

As of May 10, 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 Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,199 with a $0.98 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fallwood2 Bed/2Ba Den W/D Up2BR,2BA$1.14
Paragon ParkTwo Bedroom 1.5 Bath2BR,1.5BA$0.98
60 - ADDISON APARTMENTS1st Floor Standard2BR,1BA$0.95
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Reserve at Franklin Glen2BR2B- Reserve at Franklin Glen2BR,2BA$1.31
Braeburn Village2X1-502BR,1BA$1.19
Heritage ApartmentsHeritage Apartments - 1 Bed/1 Bath1BR,1BA$1.25
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$1.29
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

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Frequently Asked Questions about Thirty-Eighth & Shadeland

What type of rentals are currently available in Thirty-Eighth & Shadeland?

There are currently 96 Apartments for Rent in Thirty-Eighth & Shadeland, IN with pricing that ranges from $475 to $2,260. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Shadeland ranging from $849 to $2,695.

What is the current price range for Rental Homes in Thirty-Eighth & Shadeland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Thirty-Eighth & Shadeland ranges from $849 to $2,695 with an average monthly rent of $1,588.

How much are larger Three and Four Bedroom Rentals in Thirty-Eighth & Shadeland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Thirty-Eighth & Shadeland range from $1,350 to $2,260, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $1,895. Four Bedroom Single-Family rentals are also available starting from $1,385 and Four Bedroom Apartments start at $1,655.

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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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.

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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.

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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.