Cheap Apartments for Rent in the Near Southside Neighborhood of Indianapolis, IN from $500 (101 Rentals)

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

property at 2114 Barth Ave

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500
Total Monthly Price
$500

1 Bedroom, 1 Bath Home for Rent

Available Now

2114 Barth Ave

IndianapolisIN46203

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1701 Fletcher Ave
$999 - $1,499
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,499
Total Monthly Price
$999 - $1,499
1 to 3 Bedroom Apartment Available Now

1701 Fletcher Ave

1701 Fletcher AveIndianapolis, IN 46203
Affordability

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Near Southside, Indianapolis, IN Local Guide

Cheapest Available Near Southside Apartments for Rent

 

The cheapest available apartment rental in the Near Southside area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $599. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath1BR/1.0BA1BR,1BA$599
Garfield Park Village1/1 Renovated1BR,1BA$810
The Davlan2-12BR,1BA$846
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$999
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
Lofts on MadisonStudio, 1 bathStudio,1BA$1,050
The VueSTUDIO APARTMENTStudio,1BA$1,052

Best Value Apartments for Rent in Near Southside, IN

As of August 15, 2026 the best value apartment in the Near Southside area is the $1.00 price per square foot 1158 Laurel St Model at 1158 Laurel St, Unit 1st Floor Apartment in the in the Concord neighborhood starting from $1,200. The second greatest value Near Southside apartment is the 2 Beds, 2.5 Baths Model at 402 E New York St starting at $1,849 with a $1.55 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Near Southside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1158 Laurel St, Unit 1st Floor Apartment1158 Laurel St2BR,1BA$1.00
402 E New York St2 Beds, 2.5 Baths2BR,2.5BA$1.55
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Davlan2-12BR,1BA$0.95
701 E Perry St, Unit 701 E. Perry Street701 E Perry St2BR,1BA$1.06
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.37
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.00
Garfield Park Village1/1 Renovated1BR,1BA$1.61

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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Near Southside Apartments

What is a cheap apartment in Near Southside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near Southside is under $1,052.

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

The cheapest apartment in Near Southside is Volrath which is listed at $599, while the average apartment in Near Southside costs $1,638.

What types of apartments are the cheapest in Near Southside?

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 38 regular apartments in Near Southside 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 Southside?

Cheap apartments in Near Southside have an average cost of $274 which is $1,364 cheaper than the average rent for all rentals in Near Southside.

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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