Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (140 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Summit Pointe
$1,148 - $1,697
Total Monthly Price

Total Monthly Price

Base Rent
$1,148 - $1,697
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
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Grove Crossing
Rent Specials
$1,345 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,675
Total Monthly Price
$1,345 - $1,675
1 to 2 Bedroom Apartments Available Now

Grove Crossing

1680 Grove Crossing BlvdGreenwood, IN 46143
Senior Living
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  • Customer Reviewed
  • Utilities Included

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
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Beacon Pointe Apartments
1 to 4 Bedroom Apartments

Beacon Pointe Apartments

1206 Beacon Pointe DrGreenwood, IN 46143
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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
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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

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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Pebble Creek
2 to 4 Bedroom Apartments

Pebble Creek

225 Pebble Creek DrGreenwood, IN 46143
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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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Bexley Village
1 to 2 Bedroom Apartments

Bexley Village

700 Bexley PlGreenwood, IN 46143
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Meridian Oaks
1 to 3 Bedroom Apartments

Meridian Oaks

187 Love AveGreenwood, IN 46142
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Emerald Lakes
1 to 2 Bedroom Apartments

Emerald Lakes

1180 Emerald Lakes DrGreenwood, IN 46143
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Honey Creek
2 to 3 Bedroom Apartments

Honey Creek

1786 Honey LnGreenwood, IN 46143

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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Verge
1 to 3 Bedroom Apartments

Verge

764 Greenwood Springs DrGreenwood, IN 46143

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1 Bed unit found at Windsor Court priced from $768. Waterbury Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Southside Indianapolis apartments for rent in Greenwood, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$768
Waterbury ApartmentsStudioStudio,1BA$775
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$790
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$796
South & MadisonE2Studio,1BA$809
SherbrookStudioStudio,1BA$849
Polo Run ApartmentsThe Morgan 1 BR 1 BA1BR,1BA$850
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$850
Buckridge at Southport1BR/1.0BA1BR,1BA$875

Best Value Apartments for Rent in Southside Indianapolis, IN

As of July 05, 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 2Bed / 2Bath- Phase II Model at Aspen Lakes starting at $1,475 with a $1.23 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 Lakes2Bed / 2Bath- Phase II2BR,2BA$1.23
Park Madison ApartmentsGarden Style 2 Bedroom/2 Bath Apartments2BR,2BA$1.09
Auburn Place2 Bedroom 1.5 Bath2BR,1.5BA$1.24
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Strawbridge GreenRedfern2BR,1.5BA$1.14
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.24
Martinique Terrace1 Bed/1 Ba Up Mini W/D1BR,1BA$1.18
Buckridge at Southport1BR/1.0BA1BR,1BA$1.22
South & MadisonE2Studio ,1BA$1.19

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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 the Cheapest Studio apartment in Southside Indianapolis?

Currently the most affordable Cheap Studio Apartment in Southside Indianapolis is at Waterbury Apartments listed at $775.

How much is rent for a Cheap One Bedroom Southside Indianapolis Apartment?

The lowest price for a Cheap One Bedroom Southside Indianapolis Apartment is $768 at Windsor Court.

What is the lowest price for a Cheap Two Bedroom Southside Indianapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southside Indianapolis is starting from $892 at Brookwood Apartments.

What is the most affordable Southside Indianapolis Three Bedroom Apartment?

The best deal on a cheap Southside Indianapolis Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,025.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.