Cheap Apartments for Rent in the Near Southeast Neighborhood of Indianapolis, IN from $300 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near Southeast area of Indianapolis.

property at 932 E Market St

$850 - $950

1 Bedroom Rentals

Available Now

932 E Market St

IndianapolisIN46202

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203

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Irvington Living I
1 to 3 Bedroom Apartments

Irvington Living I

4741 E Washington StIndianapolis, IN 46201
  • Utilities Included

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Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included

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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 ListingModel NameBed/BathPriced From
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - FLATS2BR,1BA$899
Gathyr ApartmentsBellStudio,1BA$999
Line LoftsThe Inspiraton 50%2BR,1BA$1,062
City's EndBarcelona 0.1Studio,1BA$1,149
The VueSTUDIO APARTMENTStudio,1BA$1,180
PinnexS1Studio,1BA$1,199
Union SquareThe BartonStudio,1BA$1,235
The LeoThe EliStudio,1BA$1,275
Forte ApartmentsC- StudioStudio,1BA$1,390
The AssemblySprocket1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
929 English Ave, Unit A929 English Ave2BR,2BA$1.36
Wheeler LoftsT1BR,1BA$1.62
Line LoftsThe Intuition 60%2BR,1BA$1.53
Hinge Apartments1 Bedroom1BR,1BA$1.98
The VueONE BEDROOM APARTMENT1BR,1BA$1.66
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.43
Forte ApartmentsC- StudioStudio ,1BA$2.20
City's EndBarcelona 0.1Studio ,1BA$2.09
Gathyr ApartmentsCapitolStudio ,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

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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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.

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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!