
Cheap Homes for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Southside Indianapolis area of Greenwood.


8149 Trevellian Way

6531 E Daisy Hill Ct

303 N Madison Ave

615 E Thompson Rd

992 Cass Dr
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.

6643 S New Jersey St

133 Pratt St, Unit 1

1420 E Jefferson St

100 E King St

120 E King St

120 E King St
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.

447 E Jefferson St, Unit 3

447 E Jefferson St

4929 Mt Vernon Dr

3741 Lima Ct

1199 Hospital Rd

92 Greenwood Trail N Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

278 Walnut St
Southside Indianapolis, Greenwood, IN Local Guide

How much does it cost to rent a home in Southside Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southside Indianapolis 2 Bedroom Homes for Rent | $1,369 | $975 | $1,950 |
| Southside Indianapolis 3 Bedroom Homes for Rent | $1,891 | $1,289 | $4,500 |
| Southside Indianapolis 4 Bedroom Homes for Rent | $2,285 | $1,650 | $4,950 |
| Southside Indianapolis 5 Bedroom Homes for Rent | $2,502 | $1,720 | $3,400 |
| Southside Indianapolis 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Southside Indianapolis Neighborhood of Greenwood, IN.
Explore Greenwood
Southside Indianapolis, Greenwood, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 401 N Main St | 2 Beds, 1 Baths | 2BR,1BA | $675 |
| Berkley Commons | One Bedroom One Bath | 1BR,1BA | $749 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| Sherbrook | Studio | Studio,1BA | $799 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Oak Park | B2 Timber Upgrade | 2BR,1BA | $1.21 |
| Strawbridge Green | Redfern | 2BR,1.5BA | $1.08 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| 401 N Main St | 2 Beds, 1 Baths | 2BR,1BA | $0.75 |
| Martinique Terrace | 2 Bed/1 Ba Standard Dn | 2BR,1BA | $1.18 |
| CrossRoads @ Madison Park | CrossRoads @ Madison Park - 01 | 2BR,1BA | $1.10 |
| CrossRoads @ Southgreen | CrossRoads @ Southgreen - 615-1... | 2BR,1BA | $1.20 |
| The Sterling | The Lexington | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Southside Indianapolis, Greenwood, IN
Whiteland Elementary School
Whiteland Community High School
Clark Pleasant Middle School
School data provided by Great Schools
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

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.

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.

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.

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.