
Cheap Apartments for Rent in the Near Southeast Neighborhood of Indianapolis, IN from $300 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near Southeast area of Indianapolis.


263 S Chester Ave

932 E Market St

1701 Fletcher Ave

Welcome to Dawson Village – Welcome Home!

401 S Randolph 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.

4912 E Washington St

1205 St Peter St

1944 Shelby St
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.

1948 Shelby St

409 S Dearborn St

1910 Southeastern Ave

2916 Meredith Ave

1528 E Gimber St

239 N Tacoma Ave
Cash 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.

4103 Spann Ave

3844 E Pleasant Run Parkway North Dr

1329 E Market St

1005 Harlan St

1640 Asbury St

38-38 N Grant Ave
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.

906 Laurel St
Near Southeast, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Near Southeast?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near Southeast Studio Apartments | $1,253 | $1,099 | $1,390 |
| Near Southeast 1 Bedroom Apartments | $1,531 | $495 | $2,650 |
| Near Southeast 2 Bedroom Apartments | $1,472 | $563 | $3,140 |
| Near Southeast 3 Bedroom Apartments | $2,454 | $1,600 | $3,573 |
| Near Southeast 4 Bedroom Apartments | $1,122 | $1,050 | $1,195 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Near Southeast Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Cheapest Available Near Southeast Apartments for Rent
 The cheapest available apartment rental in the Near Southeast area of Indianapolis, IN is a 2 Beds unit found at Welcome to Dawson Village – Welcome Home! priced from $899. Gathyr Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Near Southeast apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - FLATS | 2BR,1BA | $899 |
| Gathyr Apartments | Bell | Studio,1BA | $999 |
| Line Lofts | The Inspiraton 50% | 2BR,1BA | $1,062 |
| City's End | Barcelona 0.1 | Studio,1BA | $1,149 |
| The Vue | STUDIO APARTMENT | Studio,1BA | $1,180 |
| Pinnex | S1 | Studio,1BA | $1,199 |
| Union Square | The Barton | Studio,1BA | $1,235 |
| The Leo | The Eli | Studio,1BA | $1,275 |
| Forte Apartments | C- Studio | Studio,1BA | $1,390 |
| The Assembly | Sprocket | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Near Southeast, IN
As of December 17, 2025 the best value apartment in the Near Southeast area is the $1.35 price per square foot 2 Bed 1.5 Bath Model at Fountain Square Townhomes in the in the Concord neighborhood starting from $1,619. The second greatest value Near Southeast apartment is the 929 English Ave Model at 929 English Ave, Unit A starting at $1,500 with a $1.36 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Near Southeast apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountain Square Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.35 |
| 929 English Ave, Unit A | 929 English Ave | 2BR,2BA | $1.36 |
| Wheeler Lofts | T | 1BR,1BA | $1.62 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.53 |
| Hinge Apartments | 1 Bedroom | 1BR,1BA | $1.98 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.66 |
| Welcome to Dawson Village – Welcome Home! | Brand New Double | 2BR,1BA | $1.43 |
| Forte Apartments | C- Studio | Studio ,1BA | $2.20 |
| City's End | Barcelona 0.1 | Studio ,1BA | $2.09 |
| Gathyr Apartments | Capitol | Studio ,1BA | $2.15 |
Getting Around the Near Southeast Neighborhood in Indianapolis, IN
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Near Southeast Apartments
What is a cheap apartment in Near Southeast?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near Southeast is under $1,450.
What is the price of a cheap apartment in Near Southeast?
The cheapest apartment in Near Southeast is The Vue which is listed at $1,270, while the average apartment in Near Southeast costs $24,167.
What types of apartments are the cheapest in Near Southeast?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 25 regular apartments in Near Southeast that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






