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 $8181 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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Rent Specials
from $749Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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 $850Studio to 2 Bedroom Apartments Available Now
Parc Bordeaux Apartments
3410 Rue ChanelIndianapolis, IN 46227
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from $8601 to 2 Bedroom Apartments Contact Us For Availability
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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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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Thompson-Edgewood - 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!
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 | $843 | $765 | $1,130 |
| Thompson-Edgewood 1 Bedroom Apartments | $1,034 | $354 | $1,325 |
| Thompson-Edgewood 2 Bedroom Apartments | $1,231 | $974 | $1,699 |
| Thompson-Edgewood 3 Bedroom Apartments | $1,522 | $1,262 | $2,120 |
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 $650. Cherry Glen has the second lowest priced unit, which is a Studio apartment currently listed from $749. 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 | $650 |
| Cherry Glen | Studio | Studio,1BA | $749 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio,1BA | $765 |
| Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $790 |
Best Value Apartments for Rent in Thompson-Edgewood, IN
As of May 17, 2025 the best value apartment in the Thompson-Edgewood area is the $0.89 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,239. The second greatest value Thompson-Edgewood apartment is the Two Bedroom One Bath TH Model at Capital Place starting at $1,140 with a $1.28 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. |
|---|---|---|---|
| SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.89 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.28 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.35 |
| Creek Bay | 1Bed/1Bath Large | 1BR,1BA | $1.46 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.14 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $1.32 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.10 |
| Stone Lake | 1X1 | 1BR,1BA | $1.00 |
| Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $1.49 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleThompson-Edgewood, Indianapolis, IN
Ranked #173
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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 $930.
What is the price of a cheap apartment in Thompson-Edgewood?
The cheapest apartment in Thompson-Edgewood is Stone Lake which is listed at $650, while the average apartment in Thompson-Edgewood costs $1,595.
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 13 regular apartments in Thompson-Edgewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.