Cheap Apartments for Rent in the Near Southeast Neighborhood of Indianapolis, IN from $500 (49 Rentals)

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

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property at 823 Iowa St

$1,100

2 Bedroom Rentals

Available Now

823 Iowa St

IndianapolisIN46203
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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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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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

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The U
1 to 3 Bedroom Apartments

The U

2425 Albany StBeech Grove, IN 46107
  • Utilities Included
Showing Results 1-49, Page 1 of 1

Cheapest Available Near Southeast Apartments for Rent

 

The cheapest available apartment rental in the Near Southeast area of Indianapolis, IN is a 1 Bed unit found at Colonial Park priced from $850. Welcome to Dawson Village – Welcome Home! has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. Here are the most affordable Near Southeast apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Colonial Park1 Bed, 1 bath1BR,1BA$850
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
The VueSTUDIO APARTMENTStudio,1BA$1,120
The AssemblyCylinder1BR,1BA$1,129
City's EndBarcelona 0.1Studio,1BA$1,162
Union SquareThe BartonStudio,1BA$1,235
Edge 35S2Studio,1BA$1,270
The LeoThe EliStudio,1BA$1,275

Best Value Apartments for Rent in Near Southeast, IN

As of February 14, 2026 the best value apartment in the Near Southeast area is the $2.10 price per square foot 2 Bedroom Model at Hinge Apartments in the in the Wholesale District neighborhood starting from $2,290. The second greatest value Near Southeast apartment is the H.2 Model at Wheeler Lofts starting at $1,538 with a $1.44 price per square foot in the Concord 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.
Hinge Apartments2 Bedroom2BR,2.5BA$2.10
Wheeler LoftsH.21BR,1BA$1.44
Line LoftsThe Intuition 60%2BR,1BA$1.41
The VueONE BEDROOM APARTMENT1BR,1BA$1.58
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.43
PinnexA11BR,1BA$2.03
The AssemblySprocket1BR,1BA$1.93
Colonial Park1 Bed, 1 bath1BR,1BA$1.55
City's EndBarcelona 0.1Studio ,1BA$2.12
Gathyr ApartmentsCapitolStudio ,1BA$2.15

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 $1,275.

What is the price of a cheap apartment in Near Southeast?

The cheapest apartment in Near Southeast is Colonial Park which is listed at $850, while the average apartment in Near Southeast costs $9,364.

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 61 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.

Helpful Local Expert Guides

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.