Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (122 Rentals)

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

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Summit Pointe
$1,041 - $1,718
Total Monthly Price

Total Monthly Price

Base Rent
$1,009 - $1,686
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Main Street Commons
1 to 2 Bedroom Apartments

Main Street Commons

635 E Main StGreenwood, IN 46143
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Beacon Pointe Apartments
1 to 4 Bedroom Apartments

Beacon Pointe Apartments

1206 Beacon Pointe DrGreenwood, IN 46143
  • Utilities Included
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Blackstone
1 to 2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
  • Utilities Included
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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

7248 W Stones Crossing RdGreenwood, IN 46143
  • Utilities Included
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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143
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The Gables
1 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
  • Utilities Included
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Pebble Creek
2 to 4 Bedroom Apartments

Pebble Creek

225 Pebble Creek DrGreenwood, IN 46143

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Barton Farms
1 to 2 Bedroom Apartments

Barton Farms

1630 Saddle WayGreenwood, IN 46143
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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing
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Meridian Oaks
1 to 3 Bedroom Apartments

Meridian Oaks

187 Love AveGreenwood, IN 46142
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Bexley Village
1 to 2 Bedroom Apartments

Bexley Village

700 Bexley PlGreenwood, IN 46143
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Emerald Lakes
1 to 2 Bedroom Apartments

Emerald Lakes

1180 Emerald Lakes DrGreenwood, IN 46143

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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Strawbridge Green
$885 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$835 - $1,500
Required Monthly Fees
$50
Total Monthly Price
$885 - $1,550
2 to 3 Bedroom Apartments Available Now

Strawbridge Green

4649 Strawbridge StIndianapolis, IN 46237
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Southside Indianapolis, Greenwood, IN Local Guide

Cheapest Available Southside Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southside Indianapolis area of Greenwood, IN is a Studio unit found at Sherbrook priced from $739. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Southside Indianapolis apartments for rent in Greenwood, IN:

Apartment ListingModel NameBed/BathPriced From
SherbrookStudioStudio,1BA$739
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$765
Waterbury ApartmentsStudioStudio,1BA$775
Windsor CourtStandard One Bedroom (SN2)1BR,1BA$796
South & MadisonE2Studio,1BA$809
ClearviewThe BristolStudio,1BA$810
Keeneland Crest ApartmentsTuscan1BR,1BA$824
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$847
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$850
Buckridge at Southport1BR/1.0BA1BR,1BA$895

Best Value Apartments for Rent in Southside Indianapolis, IN

As of April 06, 2026 the best value apartment in the Southside Indianapolis area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Southside Indianapolis apartment is the 3Bed / 2Bath- Phase I Model at Aspen Lakes starting at $1,725 with a $1.14 price per square foot in the Southern Homes neighborhood. Here is today’s list of the best values for Southside Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL33BR,2BA$1.20
Aspen Lakes3Bed / 2Bath- Phase I3BR,2BA$1.14
Martinique Terrace3Bd/1.5Ba Dn W/D3BR,1.5BA$1.15
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.09
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Dakota RidgeYellowstone2BR,2BA$1.23
Oak ParkTimber2BR,1BA$1.16
Strawbridge GreenRedfern2BR,1.5BA$1.18
Auburn Place2 Bedroom 1 Bath2BR,1BA$1.00
Brookwood Apartments2 Bedroom 2 Bath2BR,2BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Best Local Schools in
Southside Indianapolis, Greenwood, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap Southside Indianapolis Apartments

What is a cheap apartment in Southside Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southside Indianapolis is under $895.

What is the price of a cheap apartment in Southside Indianapolis?

The cheapest apartment in Southside Indianapolis is Windsor Court which is listed at $796, while the average apartment in Southside Indianapolis costs $2,500.

What types of apartments are the cheapest in Southside Indianapolis?

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 37 regular apartments in Southside Indianapolis 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 Southside Indianapolis?

Cheap apartments in Southside Indianapolis have an average cost of $421 which is $2,079 cheaper than the average rent for all rentals in Southside Indianapolis.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.