Cheap Apartments for Rent in the Near Southeast Neighborhood of Indianapolis, IN from $500 (53 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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Gathyr Apartments
$939 - $2,075Studio to 2 Bedroom Apartments Contact Us For Availability

Gathyr Apartments

1117 E Market StIndianapolis, IN 46202
Corporate Housing
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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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The Wash Apartments
1 to 3 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
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Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included

Near Southeast - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Spruce Manor Apartments
1 Bedroom Apartments

Spruce Manor Apartments

1840 Perkins AveIndianapolis, IN 46203
Senior Living
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

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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 Dawson Village priced from $899. Line Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,014. Here are the most affordable Near Southeast apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
The VueSTUDIO APARTMENTStudio,1BA$1,111
AssemblyMKT-Valve1BR,1BA$1,349
The LeoThe Williams1BR,1BA$1,360
City's EndCharlotte 1.1Studio,1BA$1,400
Union SquareThe BartonStudio,1BA$1,455
PinnexB12BR,1BA$1,695
Edge 35B22BR,2BA$1,978

Best Value Apartments for Rent in Near Southeast, IN

As of July 30, 2026 the best value apartment in the Near Southeast area is the $0.75 price per square foot 246 N Beville Ave Model at 246 N Beville Ave, Unit 1 in the in the Indy East neighborhood starting from $1,500. The second greatest value Near Southeast apartment is the B2 Model at Edge 35 starting at $1,978 with a $1.96 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.
246 N Beville Ave, Unit 1246 N Beville Ave3BR,2BA$0.75
Edge 35B22BR,2BA$1.96
Line LoftsThe Intuition 60%2BR,1BA$1.36
The LeoThe Swinton2BR,2BA$2.09
PinnexB12BR,1BA$2.06
The VueONE BEDROOM APARTMENT1BR,1BA$1.64
Dawson Village2 Bedroom Flat - Updated Floors/Appliances2BR,1BA$1.36
City's EndCharlotte 1.1Studio ,1BA$2.07
AssemblyMKT-Valve1BR,1BA$2.12
Union SquareThe BartonStudio ,1BA$2.93

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 $1,978.

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

The cheapest apartment in Near Southeast is The Vue which is listed at $1,255, while the average apartment in Near Southeast costs $14,232.

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 4 regular apartments in Near Southeast that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Near Southeast?

Cheap apartments in Near Southeast have an average cost of $266 which is $13,966 cheaper than the average rent for all rentals in Near Southeast.

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.

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