Cheap Homes for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (19 Rentals)

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

property at 6531 E Daisy Hill Ct

$700 - $1,000

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $1,000

Total Monthly Price
$700 - $1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

property at 992 Cass Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

992 Cass Dr

FranklinIN46131

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 2 Beds unit found at 401 N Main St priced from $675. Berkley Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Southside Indianapolis apartments for rent in Greenwood, IN:

Apartment ListingModel NameBed/BathPriced From
401 N Main St2 Beds, 1 Baths2BR,1BA$675
Berkley CommonsOne Bedroom One Bath1BR,1BA$749
Waterbury ApartmentsStudioStudio,1BA$775
SherbrookStudioStudio,1BA$799
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$800

Best Value Apartments for Rent in Southside Indianapolis, IN

As of August 22, 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 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,509 with a $1.17 price per square foot in the Tracy Commons 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
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Strawbridge GreenRedfern2BR,1.5BA$1.08
Windsor CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.15
401 N Main St2 Beds, 1 Baths2BR,1BA$0.75
Martinique Terrace2 Bed/1 Ba Standard Dn2BR,1BA$1.18
CrossRoads @ Madison ParkCrossRoads @ Madison Park - 012BR,1BA$1.10
CrossRoads @ SouthgreenCrossRoads @ Southgreen - 615-1...2BR,1BA$1.20
The SterlingThe Lexington1BR,1BA$1.22

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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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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Frequently Asked Questions about Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 215 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $775 to $3,987. There are also 255 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $300 to $4,950.

What is the current price range for Rental Homes in Southside Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southside Indianapolis ranges from $300 to $4,950 with an average monthly rent of $1,942.

How much are larger Three and Four Bedroom Rentals in Southside Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southside Indianapolis range from $1,010 to $3,987, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,289 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,699.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.