Cheap Homes for Rent in Near Southeast Neighborhood of Indianapolis, IN from $600 (41 Rentals)

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

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property at 821 Iowa St

$1,100

2 Bedroom Rentals

Available Now

821 Iowa St

IndianapolisIN46203

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
Edge 35S1Studio,1BA$1,107
City's EndBarcelona 0.1Studio,1BA$1,149
PinnexS1Studio,1BA$1,149
Wheeler LoftsB1BR,1BA$1,153
The VueSTUDIO APARTMENTStudio,1BA$1,180
Union SquareThe BartonStudio,1BA$1,235

Best Value Apartments for Rent in Near Southeast, IN

As of December 27, 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
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
1145 Woodlawn Ave, Unit 11145 Woodlawn Ave1BR,1BA$1.65
City's EndBarcelona 0.1Studio ,1BA$2.09
PinnexS1Studio ,1BA$2.11
Wheeler LoftsB1BR,1BA$2.14

Frequently Asked Questions about Near Southeast

What type of rentals are currently available in Near Southeast?

There are currently 101 Apartments for Rent in Near Southeast, IN with pricing that ranges from $563 to $28,295. There are also 148 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southeast ranging from $699 to $6,000.

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 $699 to $6,000 with an average monthly rent of $1,788.

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 $1,600 to $3,884, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,050.

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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Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!