Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $500 (62 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 336 Prospect St

$745 - $820

1 Bedroom Rentals

Available Now

336 Prospect St

IndianapolisIN46225

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.

Read Article
property at 1825 S East St

$925

1 Bedroom, 1 Bath Home for Rent

Available May 1

1825 S East St

IndianapolisIN46225

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.

Read Article
property at 1514 Ringgold Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

3 Bedroom, 1 Bath Townhome for Rent

Available Now

1514 Ringgold Ave

IndianapolisIN46203

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.

Read Article
property at 1529 E Ohio St

$1,299

2 Bedroom Rentals

Available Now

1529 E Ohio St

IndianapolisIN46201
property at 1202 Hoefgen St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available May 2

1202 Hoefgen St, Unit 1202, Unit 1202

1202 Hoefgen St
IndianapolisIN46203
property at 1364 S Talbott St

$1,349

Total Monthly Price

Total Monthly Price

Base Rent
$1,349
Total Monthly Price
$1,349

2 Bedroom, 1 Bath Townhome for Rent

Available Jun 7

1364 S Talbott St

IndianapolisIN46225

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Read Article
property at 55 S Harding St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Jun 22

55 S Harding St, Unit 210, Unit 210

55 S Harding St
IndianapolisIN46222

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.

Read Article
Showing Results 1-50, Page 1 of 2

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 1 Bed apartment currently listed from $699. 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
Garfield Park Village1/1 Vintage1BR,1BA$699
Madison LoftsThe Artisan Flat 1x11BR,1BA$830
The Davlan2-12BR,1BA$846
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$945
Indy Downtown Colonial Apartments1 Bedroom 1 Bath - 469701BR,1BA$980
The AssemblyCylinder- Workforce1BR,1BA$999
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
Edge 35S1Studio,1BA$1,022
Lofts on MadisonStudioStudio,1BA$1,099

Best Value Apartments for Rent in Near Southside, IN

As of April 28, 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 3 Bedroom 2 Bath Model at The Block starting at $2,499 with a $1.41 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$0.97
The Block3 Bedroom 2 Bath3BR,2BA$1.41
Wheeler LoftsM2BR,1BA$1.30
Maxwell ApartmentsChicago2BR,2BA$1.43
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.20
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Davlan2-12BR,1BA$0.95
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.46

Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 168 Apartments for Rent in Near Southside, IN with pricing that ranges from $649 to $14,957. There are also 186 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $550 to $3,800.

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 $3,800 with an average monthly rent of $1,838.

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 $1,075 to $6,564, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $3,520. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $4,719.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.