Cheap Homes for Rent in the Near Southside Neighborhood of Indianapolis, IN from $600 (45 Rentals)

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

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property at 2231 Union St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

2231 Union St

IndianapolisIN46225
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 Now

1202 Hoefgen St, Unit 1202

1202 Hoefgen St
IndianapolisIN46203

Near Southside - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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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 $775. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath1BR/1.0BA1BR,1BA$775
Garfield Park Village1/1 Renovated1BR,1BA$799
The Davlan2-12BR,1BA$846
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1,025
Lofts on MadisonStudio, 1 bathStudio,1BA$1,050
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,100
The VueSTUDIO APARTMENTStudio,1BA$1,111

Best Value Apartments for Rent in Near Southside, IN

As of July 29, 2026 the best value apartment in the Near Southside area is the $0.75 price per square foot 246 N Beville Ave Model at 246 N Beville Ave, Unit 1 in the in the Indy East neighborhood starting from $1,500. 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.
246 N Beville Ave, Unit 1246 N Beville Ave3BR,2BA$0.75
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
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.40
Dawson Village2 Bedroom Flat - Updated Floors/Appliances2BR,1BA$1.36
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Garfield Park Village2/1 Renovated2BR,1BA$1.61
Volrath1BR/1.0BA1BR,1BA$1.29

Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 192 Apartments for Rent in Near Southside, IN with pricing that ranges from $556 to $14,232. There are also 149 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $650 to $4,750.

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 $650 to $4,750 with an average monthly rent of $1,712.

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 $7,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,520. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $970.

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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