Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (21 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
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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
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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

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

Somerset Place

136 Somerset DrGreenwood, IN 46143
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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
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Estate View
1 to 2 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
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241

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 5700 Madison Apartments & Edgewood on Madison priced from $670. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. Here are the most affordable Southside Indianapolis apartments for rent in Greenwood, IN:

Apartment ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$670
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Heathmoore - IndianapolisStudio 1 BathStudio,1BA$750
ClearviewThe BristolStudio,1BA$775
Waterbury ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in Southside Indianapolis, IN

As of November 14, 2025 the best value apartment in the Southside Indianapolis area is the $1.05 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,000. The second greatest value Southside Indianapolis apartment is the 3 Bedrooms 2 Baths- 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 FranklinL3-SUN3BR,2BA$1.05
Aspen Lakes3 Bedrooms 2 Baths- Phase I3BR,2BA$1.14
SOUTHPORT AT BUCK CREEK2 Bedroom Townhome2BR,1.5BA$0.82
Yorktowne Farms Community2 Bed 2.5 Bath Townhome2BR,2.5BA$1.25
Auburn Place ApartmentsMerlot2BR,1.5BA$1.21
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.14
Summit PointeThe Tanzania1BR,1BA$1.22
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.18
Strawbridge GreenEmerson2BR,1BA$1.12
Buckridge at Southport1BR/1.0BA1BR,1BA$1.18

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 cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
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 5700 Madison Apartments & Edgewood on Madison listed at $670.

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 $890 at Buckridge at Southport.

What is the most affordable Southside Indianapolis Three Bedroom Apartment?

The best deal on a cheap Southside Indianapolis Three Bedroom Apartment rental is at Camby Crossing and starts from $1,250.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.