Cheap Apartments for Rent in the Thompson-Edgewood Neighborhood of Indianapolis, IN from $400 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Thompson-Edgewood area of Indianapolis.

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Estate View
1 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included

Thompson-Edgewood, Indianapolis, IN Local Guide

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 701 W Hanna Ave priced from $425. Stone Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Thompson-Edgewood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
701 W Hanna Ave701 W Hanna Ave1BR,1BA$425
Stone Lake1X11BR,1BA$700
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$765
Brookwood ApartmentsEvergreen One1BR,1BA$794
Capital PlaceOne Bedroom One Bath TH1BR,1BA$810

Best Value Apartments for Rent in Thompson-Edgewood, IN

As of March 31, 2025 the best value apartment in the Thompson-Edgewood area is the $1.09 price per square foot Two Bedroom Two Bath Model at Fox Club in the in the Thompson-Edgewood neighborhood starting from $1,090. The second greatest value Thompson-Edgewood apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,298 with a $1.32 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.09
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.32
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.28
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.24
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.33
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.12
One Somerset Apartments2 Bedroom 1 Bathroom2BR,1BA$1.48
Pine GlenOne Bedroom One Bath1BR,1BA$1.24
South & MadisonA11BR,1BA$1.27
City Heights1A1BR,1BA$1.44

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Pet Friendly Lifestyle
Thompson-Edgewood, Indianapolis, IN

Ranked #156

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Thompson-Edgewood Apartments

What is the Cheapest Studio apartment in Thompson-Edgewood?

Currently the most affordable Cheap Studio Apartment in Thompson-Edgewood is at 5700 Madison Apartments & Edgewood on Madison listed at $765.

How much is rent for a Cheap One Bedroom Thompson-Edgewood Apartment?

The lowest price for a Cheap One Bedroom Thompson-Edgewood Apartment is $425 at 701 W Hanna Ave.

What is the lowest price for a Cheap Two Bedroom Thompson-Edgewood Apartment for rent?

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

What is the most affordable Thompson-Edgewood Three Bedroom Apartment?

The best deal on a cheap Thompson-Edgewood Three Bedroom Apartment rental is at South & Madison and starts from $1,263.

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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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.

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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.