Cheap Apartments for Rent in the Southdale Neighborhood of Indianapolis, IN from $700 (33 Rentals)

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

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One Somerset
Rent Specials
$875 - $1,025
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,025
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
Senior Living
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CrossRoads @ Southgreen
1 to 2 Bedroom Apartments

CrossRoads @ Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included
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Dakota Ridge
1 to 3 Bedroom Apartments

Dakota Ridge

1510 Dakota Ridge DrIndianapolis, IN 46217

Southdale - 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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Lighthouse Landings
1 to 2 Bedroom Apartments

Lighthouse Landings

6640 Heron Neck DrIndianapolis, IN 46217
Showing Results 1-33, Page 1 of 1

Cheapest Available Southdale Apartments for Rent

 

The cheapest available apartment rental in the Southdale area of Indianapolis, IN is a 1 Bed unit found at Brookwood Apartments priced from $755. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Southdale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$755
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$800
South & MadisonE2Studio,1BA$809
Capital PlaceTwo Bedroom One Bath2BR,1BA$849
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$850
Pine Glen1x1 Classic WL1BR,1BA$870
One SomersetOne Somerset - 1 Bed/1 Bath. Act Now! Get a $30...1BR,1BA$875
Buckridge at Southport1BR/1.0BA1BR,1BA$890
SpicewoodOne Bed One Bath1BR,1BA$899
CrossRoads @ Madison ParkCrossRoads @ Madison Park - 012BR,1BA$950

Best Value Apartments for Rent in Southdale, IN

As of August 19, 2026 the best value apartment in the Southdale area is the $1.32 price per square foot Oasis Model at Southern Dunes in the in the Meridian Woods Park neighborhood starting from $1,461. The second greatest value Southdale apartment is the 3 Bedroom 1.5 Bath Model at Brookwood Apartments starting at $1,271 with a $1.29 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Southdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Southern DunesOasis2BR,2BA$1.32
Brookwood Apartments3 Bedroom 1.5 Bath3BR,1.5BA$1.29
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.14
Martinique Terrace2 Bed/1 Ba Standard Dn2BR,1BA$1.18
CrossRoads @ Madison ParkCrossRoads @ Madison Park - 012BR,1BA$1.10
Capital PlaceTwo Bedroom One Bath w/Den2BR,1BA$1.28
Dakota Ridge1U1BR,1BA$1.31
CrossRoads @ SouthgreenCrossRoads @ Southgreen - 615-1...2BR,1BA$1.20
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$1.38

Frequently Asked Questions about Cheap Southdale Apartments

What is a cheap apartment in Southdale?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southdale is under $950.

What is the price of a cheap apartment in Southdale?

The cheapest apartment in Southdale is Brookwood Apartments which is listed at $755, while the average apartment in Southdale costs $1,229.

What types of apartments are the cheapest in Southdale?

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 22 regular apartments in Southdale 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 Southdale?

Cheap apartments in Southdale have an average cost of $128 which is $1,101 cheaper than the average rent for all rentals in Southdale.

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.

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