Cheap Apartments for Rent in the Old Southside Neighborhood of Indianapolis, IN from $556 (29 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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Ralston Apartments
Rent Specials
$1,159 - $2,895

Total Monthly Price

Base Rent$1,159 - $2,895
Total Monthly Price$1,159 - $2,895
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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9 On Canal
Rent Specials
$1,163 - $3,568

Total Monthly Price

Base Rent$1,163 - $3,568
Total Monthly Price$1,163 - $3,568
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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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.

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Old Southside - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Showing Results 1-29, 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 Priscilla on Pennsylvania priced from $799. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Old Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Madison Lofts1 Bedroom 1-ART Bathroom1BR,1BA$830
Artistry IndyEdie (EcoSuite)Studio,1BA$981
The MarleighStudioStudio,1BA$999
Vivio on Tenth0x1-S2-501Studio,1BA$999
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$999
Penn Street Tower ApartmentsSt. Clair: Floors 08-091BR,1BA$1,049
Lofts on MadisonStudio, 1 bathStudio,1BA$1,050
RiverviewCalumetStudio,1BA$1,095
GathyrBatesStudio,1BA$1,099

Best Value Apartments for Rent in Old Southside, IN

As of September 10, 2026 the best value apartment in the Old Southside area is the $1.37 price per square foot 3 Bedroom 2.5 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Old Southside apartment is the Star Townhome Model at Pulliam Square starting at $2,664 with a $1.52 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2.5 Bath3BR,2.5BA$1.37
Pulliam SquareStar Townhome2BR,2BA$1.52
Applegate FlatsTwo Bedroom2BR,1.5BA$1.55
Ralston ApartmentsIris2BR,2BA$1.57
The E'LaanThe Vonnegut1BR,1BA$1.61
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
333 Penn ApartmentsWashington1BR,1BA$1.60
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.37
Penn Street Tower ApartmentsSt. Clair: Floors 13-151BR,1BA$1.72
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Your 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

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Real 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.

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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.

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Pet Friendly Lifestyle
Old Southside, Indianapolis, IN

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 Madison Lofts which is listed at $830, while the average apartment in Old Southside costs $1,563.

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 45 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 $299 which is $1,264 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

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