701 W Hanna Ave
IndianapolisIN46217
Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.
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from $765Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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from $799Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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Rent Specials
from $8101 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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from $8421 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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from $850Studio to 2 Bedroom Apartments Available May 15
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
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from $8871 to 3 Bedroom Apartments Available Apr 19
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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Thompson-Edgewood
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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Showing Results 1-16, Page 1 of 1
Thompson-Edgewood, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thompson-Edgewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thompson-Edgewood Studio Apartments | $868 | $765 | $1,135 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,048 | $354 | $1,325 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,229 | $925 | $1,699 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,583 | $1,324 | $2,660 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Thompson-Edgewood Neighborhood of Indianapolis, IN.
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Thompson-Edgewood, Indianapolis, IN Local Guide
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Cheapest Available Thompson-Edgewood Apartments for Rent
The cheapest available apartment rental in the Thompson-Edgewood area of Indianapolis, IN is a 1 Bed unit found at Stone Lake priced from $700. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $770. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Lake | 1X1 | 1BR,1BA | $700 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio,1BA | $770 |
| Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $810 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of April 13, 2025 the best value apartment in the Thompson-Edgewood area is the $1.19 price per square foot Two Bedroom 1.5 Bath Model at Fox Club in the in the Thompson-Edgewood neighborhood starting from $1,185. The second greatest value Thompson-Edgewood apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,324 with a $1.34 price per square foot in the Concord neighborhood. Here is today’s list of the best values for Thompson-Edgewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.19 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.34 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.24 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.34 |
| Creek Bay | 1Bed/1Bath Large | 1BR,1BA | $1.46 |
| Pine Glen | Two Bedroom One Bath | 2BR,1BA | $1.23 |
| One Somerset Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.48 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.26 |
| South & Madison | A1 | 1BR,1BA | $1.27 |
| City Heights | 1A | 1BR,1BA | $1.44 |
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Pet Friendly LifestyleThompson-Edgewood, Indianapolis, IN
Ranked #179
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Thompson-Edgewood Apartments
What is a cheap apartment in Thompson-Edgewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thompson-Edgewood is under $955.
What is the price of a cheap apartment in Thompson-Edgewood?
The cheapest apartment in Thompson-Edgewood is Stone Lake which is listed at $700, while the average apartment in Thompson-Edgewood costs $1,462.
What types of apartments are the cheapest in Thompson-Edgewood?
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 14 regular apartments in Thompson-Edgewood 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 Thompson-Edgewood?
Cheap apartments in Thompson-Edgewood have an average cost of $131 which is $1,331 cheaper than the average rent for all rentals in Thompson-Edgewood.
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.
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.
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.