Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (36 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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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 3 Bedroom Apartments

Beacon Pointe Apartments

1206 Beacon Pointe DrGreenwood, IN 46143
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Breeza 32 Apartments
2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
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Blackstone
2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

7248 W Stones Crossing RdGreenwood, IN 46143
  • 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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Somerset Place
Studio to 2 Bedroom Apartments

Somerset Place

136 Somerset DrGreenwood, IN 46143
  • Utilities Included

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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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Estate View
1 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

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

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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Encore Apartments
Studio to 1 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
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Valley Brook MHC
3 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
  • Utilities Included

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.

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 $728. Waterbury Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. 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$728
Waterbury ApartmentsStudioStudio,1BA$750
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$765
Polo Run ApartmentsThe Shetland StudioStudio,1BA$792
South & MadisonE2Studio,1BA$840
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Buckridge at Southport1BR/1.0BA1BR,1BA$890
Brookwood ApartmentsElm1BR,1BA$894
Berkley CommonsOne Bedroom One Bath1BR,1BA$925

Best Value Apartments for Rent in Southside Indianapolis, IN

As of June 18, 2025 the best value apartment in the Southside Indianapolis area is the $1.02 price per square foot Palladium Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,403. The second greatest value Southside Indianapolis apartment is the 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes starting at $1,650 with a $1.24 price per square foot in the Winchester Village 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.
Copper Chase at Stones CrossingPalladium2BR,2BA$1.02
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Brixin FranklinD1r3BR,2BA$1.13
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.15
Aspen Lakes2 Bedrooms 2 Balconies - Phase I2BR,2BA$1.23
Horizons ApartmentsThe Endeavor3BR,1BA$1.24
Auburn Place ApartmentsMerlot2BR,1.5BA$1.24
Strawbridge GreenLindberg3BR,1.5BA$1.23
Oak ParkForest1BR,1BA$1.17
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24

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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Pet Friendly Lifestyle
Southside Indianapolis, Greenwood, IN

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Southside Indianapolis Neighborhood in Greenwood, IN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 $750.

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

The lowest price for a Cheap One Bedroom Southside Indianapolis Apartment is $728 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 $938 at Polo Run 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 $1,190.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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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.