Cheap Apartments for Rent in the Old Southside Neighborhood of Indianapolis, IN from $500 (42 Rentals)

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

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Axis
Rent Specials
$1,164 - $3,244Studio to 2 Bedroom Apartments Available Now

Axis

401 N Senate AveIndianapolis, IN 46204
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property at 501 Madison Ave

501 Madison Ave

IndianapolisIN46225
Showing Results 1-42, Page 1 of 1

Old Southside, Indianapolis, IN Local Guide

Cheapest Available Old Southside Apartments for Rent

 

The cheapest available apartment rental in the Old Southside area of Indianapolis, IN is a Studio unit found at Vivio on Tenth priced from $900. Maxwell Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable Old Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Vivio on Tenth0x1-442Studio,1BA$900
Maxwell ApartmentsMilanStudio,1BA$970
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
Maryden on CentralThe Escape at MarydenStudio,1BA$1,005
Artistry IndyJacquelineStudio,1BA$1,019
Wesley PlacePeckStudio,1BA$1,026
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,030
Gathyr ApartmentsBellStudio,1BA$1,049
Mozzo apartmentsModern Studio, Steps Away from Downtown and Fou...Studio,1BA$1,099
Madison LoftsThe Loft 1x1-L1BR,1BA$1,099

Best Value Apartments for Rent in Old Southside, IN

As of October 27, 2025 the best value apartment in the Old Southside area is the $1.10 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,599. The second greatest value Old 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 Old Southside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block1 Bedroom 1 Bath1BR,1BA$1.10
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Slate ApartmentsH- 2 Bedroom2BR,2.5BA$1.88
Nine+EighteenThe Arch2BR,2BA$1.85
Edge 35B32BR,2BA$1.88
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1.60
River West Flats2 Bedroom 1 Bathroom2BR,1BA$1.71
Lofts on MadisonStudioStudio ,1BA$1.70
Madison LoftsThe Loft 1x1-L1BR,1BA$1.63
Maxwell ApartmentsMilanStudio ,1BA$1.68

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Pet Friendly Lifestyle
Old Southside, Indianapolis, IN

Ranked #19

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Old Southside Neighborhood in Indianapolis, IN

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

71 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Old Southside Apartments

What is a cheap apartment in Old Southside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Southside is under $1,099.

What is the price of a cheap apartment in Old Southside?

The cheapest apartment in Old Southside is Devonshire Apartments in Downtown Indianapolis which is listed at $990, while the average apartment in Old Southside costs $2,500.

What types of apartments are the cheapest in Old Southside?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 46 regular apartments in Old Southside that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Old Southside?

Cheap apartments in Old Southside have an average cost of $313 which is $2,187 cheaper than the average rent for all rentals in Old Southside.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.