Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $500 (39 Rentals)

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

property at 336 Prospect St

336 Prospect St

IndianapolisIN46225
property at 423 Villa Ave

423 Villa Ave

IndianapolisIN46201
property at 1230 E Ohio St

1230 E Ohio St

IndianapolisIN46202
property at 1543 E Ohio St

1543 E Ohio St

IndianapolisIN46201
Showing Results 1-39, Page 1 of 1

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 2 Beds unit found at Line Lofts priced from $563. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Line LoftsThe Inspiration 30%2BR,1BA$563
Garfield Park Village1/1 Vintage1BR,1BA$745
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$890
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - FLATS2BR,1BA$899
Maxwell ApartmentsMilanStudio,1BA$941
Artistry IndyJacquelineStudio,1BA$981
Madison LoftsThe Flat 1x11BR,1BA$999
Indy Colonial Apartments3111BR,1BA$1,025
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,030

Best Value Apartments for Rent in Near Southside, IN

As of November 03, 2025 the best value apartment in the Near Southside area is the $1.00 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,800. The second greatest value Near Southside apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,599 with a $1.10 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.
Shoemaker Buildingloft2BR,2BA$1.00
The Block1 Bedroom 1 Bath1BR,1BA$1.10
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
Indy Colonial Apartments3111BR,1BA$1.05
Line LoftsThe Intuition 60%2BR,1BA$1.53
Emhardt Apartments2BR/1.0BA2BR,1BA$1.21
1115 Laurel St, Unit B1115 Laurel StStudio ,1BA$1.23
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.56
Lockerbie FlatsStudioStudio ,1BA$1.62

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Pet Friendly Lifestyle
Near Southside, Indianapolis, IN

Ranked #14

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 184 Apartments for Rent in Near Southside, IN with pricing that ranges from $563 to $8,767. There are also 208 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $550 to $6,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near Southside ranges from $550 to $6,000 with an average monthly rent of $2,038.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near Southside range from $999 to $6,977, while Three Bedroom Homes, Condos, and Townhomes for rent range from $945 to $3,495. Four Bedroom Single-Family rentals are also available starting from $1,445 and Four Bedroom Apartments start at $1,400.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.