
Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $700 (44 Rentals)
Search the lowest-cost Homes available for rent right now in the Near Southside area of Indianapolis.


2826 S Pennsylvania St

528 E Raymond St

39 N Forest Ave

2103 Ringgold Ave

423 Villa Ave

224 N Tacoma Ave

1548 E Perry St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

336 Prospect St

3146 Asbury St

1442-1444 S Richland St

471 N State Ave

906 Laurel St

1626 Lawton Ave

1339 W Lee St

1604 E Kelly St
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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.

1604 E Kelly St

140 Villa Ave

1543 S State Ave

228 N Tacoma Ave

823 Iowa St

1619 S Randolph St

2231 Union St

1737 Terrace Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

55 S Harding St

1620 Palmer St

2036 Calhoun St

1648 Iowa St

1120 Dawson St

1402-1404 Charles St

1619 E Tabor St

1514 Ringgold Ave
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944 E Minnesota St

944 E Minnesota St

1202 Hoefgen St, Unit 1202

2018 Boyd Ave

1833 Orleans St

2121 Webb St

1011 E Raymond St

1307 Wright St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1541 E Ohio St

651 Birch Ave

1053 Villa Ave

1654 E Bradbury Ave
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 | $1,529 | $750 | $2,950 |
| Near Southside 3 Bedroom Homes for Rent | $1,778 | $1,100 | $3,520 |
| Near Southside 4 Bedroom Homes for Rent | $2,609 | $1,600 | $4,750 |
| Near Southside 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 44 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 $825. The Davlan has the second lowest priced unit, which is a 2 Beds apartment currently listed from $846. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | 1BR/1.0BA | 1BR,1BA | $825 |
| The Davlan | 2-1 | 2BR,1BA | $846 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $899 |
| Dawson Village | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $945 |
| Garfield Park Village | 2/1 Classic | 2BR,1BA | $949 |
| Indy Downtown Colonial Apartments | 1 Bedroom 1 Bath - 46970 | 1BR,1BA | $955 |
| Line Lofts | The Inspiraton 50% | 2BR,1BA | $1,014 |
| Artistry Indy | Edie (EcoSuite) | Studio,1BA | $1,046 |
| Lofts on Madison | Studio, 1 bath | Studio,1BA | $1,050 |
| Canal Square | A1 Arch Upgrade | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Near Southside, IN
As of June 12, 2026 the best value apartment in the Near Southside area is the $1.49 price per square foot 4 Beds, 4 Baths Model at 818-820 S Union St in the in the Concord neighborhood starting from $3,900. The second greatest value Near Southside apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,529 with a $1.43 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. |
|---|---|---|---|
| 818-820 S Union St | 4 Beds, 4 Baths | 4BR,4BA | $1.49 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.43 |
| Maxwell Apartments | Chicago | 2BR,2BA | $1.43 |
| Emhardt Apartments | 2BR/1.0BA | 2BR,1BA | $1.26 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.36 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| The Assumption on Blaine | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
| Dawson Village | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $1.35 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.44 |
| Volrath | 1BR/1.0BA | 1BR,1BA | $1.38 |
Frequently Asked Questions about Near Southside
What type of rentals are currently available in Near Southside?
There are currently 195 Apartments for Rent in Near Southside, IN with pricing that ranges from $649 to $16,353. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $725 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 $725 to $4,750 with an average monthly rent of $1,786.
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 $995 to $6,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,520. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $895.
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
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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
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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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.