Cheap Homes for Rent in Near Southeast Neighborhood of Indianapolis, IN from $700 (40 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

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.

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.

property at 89 N 16th Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

89 N 16th Ave

Beech GroveIN46107
property at 1514 Ringgold Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

3 Bedroom, 1 Bath Townhome for Rent

Available Now

1514 Ringgold Ave

IndianapolisIN46203
property at 105 N Sherman Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

105 N Sherman Dr

IndianapolisIN46201
property at 1202 Hoefgen St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1202 Hoefgen St, Unit 1202

1202 Hoefgen St
IndianapolisIN46203

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 $945. 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 - Partial Remodeled Flat2BR,1BA$945
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
The VueSTUDIO APARTMENTStudio,1BA$1,205
City's EndBarcelona 0.1Studio,1BA$1,207
Union SquareThe BartonStudio,1BA$1,250
The AssemblySprocket1BR,1BA$1,399
PinnexA11BR,1BA$1,438
The LeoThe Sherman1BR,1BA$1,490
Edge 35B32BR,2BA$2,259

Best Value Apartments for Rent in Near Southeast, IN

As of June 13, 2026 the best value apartment in the Near Southeast area is the $2.18 price per square foot B3 Model at Edge 35 in the in the Concord neighborhood starting from $2,259. The second greatest value Near Southeast apartment is the The Intuition 60% Model at Line Lofts starting at $1,263 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.
Edge 35B32BR,2BA$2.18
Line LoftsThe Intuition 60%2BR,1BA$1.36
1338 Barth Ave1338 Barth Ave2BR,2BA$1.78
The VueONE BEDROOM APARTMENT1BR,1BA$1.81
The LeoThe Baldwin1BR,1BA$2.02
Dawson Village2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
PinnexA11BR,1BA$2.17
The AssemblyValve1BR,1BA$2.32
City's EndBarcelona 0.1Studio ,1BA$2.20
Union SquareThe BartonStudio ,1BA$2.52

Frequently Asked Questions about Near Southeast

What type of rentals are currently available in Near Southeast?

There are currently 128 Apartments for Rent in Near Southeast, IN with pricing that ranges from $649 to $16,353. There are also 121 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southeast ranging from $750 to $4,750.

What is the current price range for Rental Homes in Near Southeast?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near Southeast ranges from $750 to $4,750 with an average monthly rent of $1,619.

How much are larger Three and Four Bedroom Rentals in Near Southeast?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near Southeast range from $895 to $4,335, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,050. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $895.

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

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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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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.