Cheap Homes for Rent in Near Southeast Neighborhood of Indianapolis, IN from $600 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Read Article
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 1529 E Ohio St

$1,299

2 Bedroom Rentals

Available Now

1529 E Ohio St

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 May 2

1202 Hoefgen St, Unit 1202, Unit 1202

1202 Hoefgen St
IndianapolisIN46203

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.

Read Article
Showing Results 1-42, 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 $945. 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 - Partial Remodeled Flat2BR,1BA$945
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$990
The AssemblyCylinder- Workforce1BR,1BA$999
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
Edge 35S1Studio,1BA$1,022
City's EndBarcelona 0.1Studio,1BA$1,288
The VueSTUDIO APARTMENTStudio,1BA$1,323
The LeoThe EliStudio,1BA$1,350
PinnexA11BR,1BA$1,386

Best Value Apartments for Rent in Near Southeast, IN

As of April 27, 2026 the best value apartment in the Near Southeast area is the $1.30 price per square foot M Model at Wheeler Lofts in the in the Concord neighborhood starting from $1,921. 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.
Wheeler LoftsM2BR,1BA$1.30
Line LoftsThe Intuition 60%2BR,1BA$1.36
The AssemblyGasket1BR,1BA$1.93
The VueSTUDIO APARTMENTStudio ,1BA$1.76
Forte ApartmentsOne Bedroom- B Style1BR,1BA$2.01
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$1.38
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
PinnexA11BR,1BA$2.09
Colonial Park1 Bed, 1 bath1BR,1BA$1.55
City's EndBarcelona 0.1Studio ,1BA$2.35

Frequently Asked Questions about Near Southeast

What type of rentals are currently available in Near Southeast?

There are currently 100 Apartments for Rent in Near Southeast, IN with pricing that ranges from $649 to $14,835. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southeast ranging from $650 to $3,000.

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 $650 to $3,000 with an average monthly rent of $1,690.

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 $6,133, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $6,637.

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.