
Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $700 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Near Southside area of Indianapolis.


2912.5 Shelby St

2826 S Pennsylvania St

336 Prospect St

1736 W Minnesota St

1709.5 E Michigan St

2211 E New York St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1640 Asbury St

329 Hamilton Ave

1133 S Richland St

661 Birch Ave

1314 Blaine Ave

824 Harlan St

1017 Laurel St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

245 S Randolph St

1626 Lawton Ave

1707 E Tabor St

1339 W Lee St

2905 Tindall St

1805 Calhoun St

1615 Lawton Ave
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

1619 S Randolph St

823 Iowa St

1828 Hoyt Ave

1637 Hoefgen St

1737 Terrace Ave

1514 Ringgold Ave

1019 Churchman Ave
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.

1501 Union St

1122 S Meridian St

55 S Harding St
Near Southside, Indianapolis, IN Local Guide

How much does it cost to rent a home in Near Southside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near Southside 2 Bedroom Homes for Rent | $1,480 | $895 | $2,800 |
| Near Southside 3 Bedroom Homes for Rent | $1,887 | $1,095 | $3,720 |
| Near Southside 4 Bedroom Homes for Rent | $2,326 | $1,295 | $4,499 |
| Near Southside 5 Bedroom Homes for Rent | $2,200 | $1,450 | $2,750 |
| Near Southside 6 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Near Southside Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | **Free Month of Rent ** 128 E Palmer St - Studio | 1BR,1BA | $649 |
| Garfield Park Village | 0/1 Renovated | Studio,1BA | $804 |
| The Davlan | 2-1 | 2BR,1BA | $846 |
| Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $890 |
| Madison Lofts | The Flat 1x1 | 1BR,1BA | $899 |
| The Assumption on Blaine | 1 Bed 1 Bath | 1BR,1BA | $900 |
| Artistry Indy | Edie (EcoSuite) | Studio,1BA | $922 |
| Indy Downtown Colonial Apartments | 1 Bedroom 1 Bath - 39887 | 1BR,1BA | $980 |
| Welcome to Dawson Village – Welcome Home! | Brand New Double | 2BR,1BA | $999 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $0.97 |
| The E'Laan | The Evans | 2BR,2BA | $1.32 |
| Maxwell Apartments | London | 2BR,2BA | $1.40 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.41 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| The Assumption on Blaine | 1 Bed 1 Bath | 1BR,1BA | $1.11 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
| Welcome to Dawson Village – Welcome Home! | Brand New Double | 2BR,1BA | $1.43 |
| Madison Lofts | The Flat 1x1 | 1BR,1BA | $1.44 |
| Volrath | 0BR/1.0BA | Studio ,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

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.

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.

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

Maximizing Your Refund: Essential Tax Tips for Renters
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.