Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $700 (31 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

$745 - $845

1 Bedroom Rentals

Available Now

336 Prospect St

IndianapolisIN46225

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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

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 $649. Garfield Park Village has the second lowest priced unit, which is a Studio apartment currently listed from $804. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Garfield Park Village0/1 RenovatedStudio,1BA$804
The Davlan2-12BR,1BA$846
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$890
Madison LoftsThe Flat 1x11BR,1BA$899
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$900
Artistry IndyEdie (EcoSuite)Studio,1BA$922
Indy Downtown Colonial Apartments1 Bedroom 1 Bath - 398871BR,1BA$980
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$999
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025

Best Value Apartments for Rent in Near Southside, IN

As of March 13, 2026 the best value apartment in the Near Southside area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Near Southside apartment is the The Evans Model at The E'Laan starting at $1,580 with a $1.32 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$0.97
The E'LaanThe Evans2BR,2BA$1.32
Maxwell ApartmentsLondon2BR,2BA$1.40
Line LoftsThe Intuition 60%2BR,1BA$1.41
The Davlan2-12BR,1BA$0.95
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.11
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.43
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath0BR/1.0BAStudio ,1BA$1.29

Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 172 Apartments for Rent in Near Southside, IN with pricing that ranges from $563 to $16,591. There are also 185 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $700 to $4,499.

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 $700 to $4,499 with an average monthly rent of $1,631.

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 $975 to $7,933, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,720. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $4,685.

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: 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.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.