Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $600 (62 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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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 $649. 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$649
Madison Lofts1x1 583sf1BR,1BA$830
Lofts on MadisonStudioStudio,1BA$999
Indy Colonial Apartments1 Bed, 1 bath1BR,1BA$1,000
The Continental Towers at Vermont PlaceContinental - Willard1BR,1BA$1,145
Artistry IndyPop1BR,1BA$1,175
The AssemblyHydraulic - Workforce1BR,1BA$1,175
Residence on Penn0BR/1.0BAStudio,1BA$1,199
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1,200

Best Value Apartments for Rent in Near Southside, IN

As of July 28, 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 $1,599 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$1.08
The Block1 Bedroom 1 Bath1BR,1BA$1.10
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.50
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
Wheeler LoftsR1BR,1BA$1.37
Penn Street Tower ApartmentsSenate 2 Bedroom 1 Bath Apartment at 115 Penn A...2BR,1BA$1.37
Lockerbie Flats1 Bedroom1BR,1BA$1.61
Madison Lofts2x1 791sf2BR,1BA$1.45
2209 Ransdell St, Unit 1012209 Ransdell St2BR,1BA$1.31
Country Club ApartmentsStudioStudio ,1BA$1.45

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Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 163 Apartments for Rent in Near Southside, IN with pricing that ranges from $649 to $9,190. There are also 163 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $620 to $4,799.

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 $620 to $4,799 with an average monthly rent of $1,779.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.