
Cheap Apartments for Rent in the Old Southside Neighborhood of Indianapolis, IN from $600 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Southside area of Indianapolis.


Priscilla on Pennsylvania

Madison Lofts

Total Monthly Price
9 On Canal

River West Flats

Artistry Indy

Edge 35

Maxwell Apartments

522 Fletcher Ave
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Riley Towers

Ralston Apartments

Lofts on Madison

Wesley Place

The Assumption on Blaine

The Assembly

Stadium Lofts & Flats

Vanguard at 16 Tech

Riverview
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Wesmont

Canal Square

Lockerbie Lofts

333 Penn Apartments

Penn Street Tower Apartments

Mozzo apartments

946 MLK

Pinnex

The Leo
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The Stella

CityWay

Axis

Nine+Eighteen

The Continental Towers at Vermont Place

Circa Apartments

Union Square

Rise on Meridian

Ardmore Apartments
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The E'Laan

The Block
Old Southside, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Old Southside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Southside Studio Apartments | $1,381 | $774 | $3,313 |
| Old Southside 1 Bedroom Apartments | $1,662 | $649 | $4,071 |
| Old Southside 2 Bedroom Apartments | $2,143 | $850 | $6,669 |
| Old Southside 3 Bedroom Apartments | $2,790 | $1,900 | $6,654 |
| Old Southside 4 Bedroom Apartments | $911 | $600 | $3,414 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Old Southside Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Old Southside, Indianapolis, IN Local Guide
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Cheapest Available Old Southside Apartments for Rent
 The cheapest available apartment rental in the Old Southside area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Old 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 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $899 |
| 9 On Canal | Studio - Stockholm | Studio,1BA | $910 |
| River West Flats | One Bedroom One Bath - The Driftwood | 1BR,1BA | $919 |
| Artistry Indy | Edie (EcoSuite) | Studio,1BA | $945 |
| Edge 35 | S1 | Studio,1BA | $957 |
| Riley Towers | SD | Studio,1BA | $1,062 |
| Ralston Apartments | Magnolia | 1BR,1BA | $1,090 |
| Lofts on Madison | Studio | Studio,1BA | $1,099 |
Best Value Apartments for Rent in Old Southside, IN
As of May 07, 2026 the best value apartment in the Old Southside area is the $1.49 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,639. The second greatest value Old Southside apartment is the Chicago Model at Maxwell Apartments starting at $1,901 with a $1.47 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Old Southside apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.49 |
| Maxwell Apartments | Chicago | 2BR,2BA | $1.47 |
| The Assumption on Blaine | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
| Wesmont | Two Bedroom - Body and Soul | 2BR,2BA | $1.63 |
| Penn Street Tower Apartments | Wabash: Floors 10-12 | 1BR,1BA | $1.59 |
| Nine+Eighteen | The Central | 1BR,1BA | $1.84 |
| Lofts on Madison | Studio | Studio ,1BA | $1.63 |
| Madison Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.44 |
| Volrath | 1BR/1.0BA | 1BR,1BA | $1.46 |
| River West Flats | One Bedroom One Bath - The Driftwood | 1BR,1BA | $1.63 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleOld Southside, Indianapolis, IN
Ranked #17
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 Volrath which is listed at $649, while the average apartment in Old Southside costs $2,202.
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 84 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 $414 which is $1,788 cheaper than the average rent for all rentals in Old Southside.
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
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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.

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