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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 336 Prospect St

$795 - $895

1 Bedroom Rentals

Available Now

336 Prospect St

IndianapolisIN46225

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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property at 821 Iowa St

$1,100

2 Bedroom Rentals

Available Now

821 Iowa St

IndianapolisIN46203
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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 $649. Welcome to Dawson Village – Welcome Home! has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. 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
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - FLATS2BR,1BA$899
Garfield Park Village2/1 Vintage2BR,1BA$951
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
Gathyr ApartmentsBellStudio,1BA$999
Artistry IndyEdie (EcoSuite)Studio,1BA$1,011
Indy Colonial Apartments3111BR,1BA$1,025
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,030
Line LoftsThe Inspiraton 50%2BR,1BA$1,062

Best Value Apartments for Rent in Near Southside, IN

As of January 07, 2026 the best value apartment in the Near Southside area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value Near Southside apartment is the 2 Bed 2 Bath Model at The Assumption on Blaine starting at $1,775 with a $1.35 price per square foot in the Concord 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.
The Block3 Bedroom 2 Bath3BR,2BA$1.39
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
929 English Ave, Unit A929 English Ave2BR,2BA$1.36
The Davlan2br 2 ba2BR,2BA$1.34
Indy Colonial Apartments3111BR,1BA$1.05
Emhardt Apartments2BR/1.0BA2BR,1BA$1.21
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.43
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 177 Apartments for Rent in Near Southside, IN with pricing that ranges from $563 to $26,878. 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 $1,970.

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 $1,300 to $11,046, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,050.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!