Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $600 (31 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

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.

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.

property at 340 Prospect St

340 Prospect St

IndianapolisIN46225

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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!

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 Studio unit found at Country Club Apartments priced from $699. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Country Club ApartmentsStudioStudio,1BA$699
Madison Lofts1x1 583sf1BR,1BA$830
Welcome to Dawson Village – Welcome Home!Renovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$950
Indy Colonial Apartments1 Bed, 1 bath1BR,1BA$1,000
Lofts on MadisonStudioStudio,1BA$1,049
Maxwell ApartmentsMilanStudio,1BA$1,086
Canal SquareArch1BR,1BA$1,117
Artistry IndyEdie (EcoSuite)Studio,1BA$1,127
Line LoftsThe Inspiration 50%2BR,1BA$1,180

Best Value Apartments for Rent in Near Southside, IN

As of June 01, 2025 the best value apartment in the Near Southside area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Near Southside apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,539 with a $1.06 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$1.08
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Wheeler LoftsAStudio ,1BA$1.46
Line LoftsThe Inspiration 60%2BR,1BA$1.53
Lockerbie Flats1 Bedroom1BR,2BA$1.48
The VueONE BEDROOM APARTMENT1BR,1BA$1.81
1302 Pleasant St, Unit B1302 Pleasant St1BR,1BA$1.80
Welcome to Dawson Village – Welcome Home!Renovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$1.36
1311 Woodlawn Ave, Unit 13111311 Woodlawn Ave1BR,1BA$1.54
Country Club ApartmentsStudioStudio ,1BA$1.56

Quick Rent Budget Calculator

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Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 165 Apartments for Rent in Near Southside, IN with pricing that ranges from $455 to $16,890. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $695 to $6,200.

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 $695 to $6,200 with an average monthly rent of $1,911.

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 $1,400 to $9,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $6,200. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,680.

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.