
Cheap Homes for Rent in Southside Indianapolis Neighborhood of Greenwood, IN from $300 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Southside Indianapolis area of Greenwood.


3321 Eastwind Ct

634 Wooddale Terrace

1410 E Jefferson St

628 Wooddale Terrace

615 E Thompson Rd

5025 S Walcott St
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.

8392 Punto Alto Dr

9455 Huggin Hollow Rd

1023 Janet Dr

3836 Sherman Towne Dr

8365 Paso Del Norte Ct

791 Joy Dr

793 Joy Dr
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.

153 N Vaught St

153 N Vaught St

8047 Dix Rd

803 Hurricane St

827 Riverside Dr

88 Keran Manor Ct

835 S Old US Hwy 31
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.

501 E Pearl St

503 E Pearl St

10166 Southeastern Ave

1199 Hospital Rd

1199 Hospital Rd

278 Walnut St

Franklin Township Three Bedroom Ranch
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.

311 Elmead Ct

Furnished Studio-Indianapolis - Greenwood

105 Rose Ln
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 | $1,221 | $950 | $1,630 |
| Southside Indianapolis 3 Bedroom Homes for Rent | $1,832 | $1,150 | $4,000 |
| Southside Indianapolis 4 Bedroom Homes for Rent | $2,213 | $1,585 | $4,500 |
| Southside Indianapolis 5 Bedroom Homes for Rent | $2,457 | $1,875 | $3,600 |
| Southside Indianapolis 6 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 31 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
- Nearby Greenwood neighborhoods
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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 Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $715. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $715 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| Sherbrook | Studio | Studio,1BA | $799 |
| South & Madison | E2 | Studio,1BA | $809 |
| Polo Run Apartments | The Shetland Studio | Studio,1BA | $810 |
| Strawbridge Green | Emerson | 2BR,1BA | $830 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $839 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
| Greentree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
| The Sterling | The Lexington | 1BR,1BA | $875 |
Best Value Apartments for Rent in Southside Indianapolis, IN
As of February 22, 2026 the best value apartment in the Southside Indianapolis area is the $1.12 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $1,900. The second greatest value Southside Indianapolis apartment is the L3 Model at The Links at Franklin starting at $1,799 with a $1.11 price per square foot in the Cityview Farm 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. |
|---|---|---|---|
| 4946 Camden St, Unit Big Camden | 4946 Camden St | 3BR,2BA | $1.12 |
| The Links at Franklin | L3 | 3BR,2BA | $1.11 |
| Brixin Franklin | E1r | 4BR,2BA | $1.16 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.20 |
| Dakota Ridge | Yellowstone | 2BR,2BA | $1.22 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Strawbridge Green | Emerson | 2BR,1BA | $0.99 |
| Summit Pointe | The Columbus | 1BR,1BA | $1.23 |
| The Sterling | The Lexington | 1BR,1BA | $1.18 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 206 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $715 to $9,966. There are also 255 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $320 to $4,500.
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 $320 to $4,500 with an average monthly rent of $2,032.
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 $1,060 to $9,966, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,585 and Four Bedroom Apartments start at $1,599.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.