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$775 - $995
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$775 - $995
Total Monthly Price
Varies
One Somerset
3761 S State AveIndianapolis, IN 46227
Cheap Apartments for Rent in the Southdale Neighborhood of Indianapolis, IN from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southdale area of Indianapolis.
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$790 - $1,495Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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$799 - $1,6551 to 2 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
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$839 - $1,4601 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$841 - $1,6241 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$899 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$900 - $1,1001 to 2 Bedroom Apartments Available Now
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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.
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$9202 Bedroom Apartments Available Now
1320 1/2 Norton Ave, Unit 2
1320 1/2 Norton AveIndianapolis, IN 46227
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$928 - $1,1121 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
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$999 - $1,3991 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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$999 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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$1,000 - $1,6501 to 3 Bedroom Apartments Available Now
The Sycamores
7913 Ella Dobbs LnIndianapolis, IN 46227
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$1,000 - $1,3601 to 3 Bedroom Apartments Available Now
City Heights
457 Monument View DrIndianapolis, IN 46227
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$1,012 - $1,8851 to 3 Bedroom Apartments Available Now
Murphy's Landing
6909 Murphys Landing LnIndianapolis, IN 46217
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.
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$1,049 - $1,4551 to 2 Bedroom Apartments Available Now
Creek Bay
6650 Creek Bay DrIndianapolis, IN 46217
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$1,187 - $2,0451 to 3 Bedroom Apartments Available Now
Southern Dunes
7247 Vista CirIndianapolis, IN 46217
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$1,199 - $1,5991 to 3 Bedroom Apartments Available Now
Hanna Village
4020 Hanna Village DrIndianapolis, IN 46227
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$1,210 - $1,9851 to 3 Bedroom Apartments Available Jun 15
Aspen Lakes
7202 Winslet BlvdIndianapolis, IN 46217
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$1,490 - $1,7402 to 3 Bedroom Apartments Available Jun 1
South Haven Village Apartments
1542 Citrin PlIndianapolis, IN 46227
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$1,499 - $1,5252 Bedroom Apartments Available Now
Bluff Crossing Apartments
3506 Bluff RdIndianapolis, IN 46217
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Studio to 2 Bedroom Apartments
Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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1 to 2 Bedroom Apartments
Estate View
6768 S East StIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Spicewood
354 Spicewood DrIndianapolis, IN 46227
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Studio to 3 Bedroom Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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2 Bedroom Apartments
Markwood Terrace Apartments
920 E Markwood AveIndianapolis, IN 46227
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1 to 3 Bedroom Apartments
Dakota Ridge
1510 Dakota Ridge DrIndianapolis, IN 46217
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1 to 2 Bedroom Apartments
Lighthouse Landings
6640 Heron Neck DrIndianapolis, IN 46217
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.
6409 Alonzo Dr
IndianapolisIN46217
4644 White Lick Ct
IndianapolisIN46227
Showing Results 1-30, Page 1 of 1
Southdale, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Southdale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southdale Studio Apartments | $969 | $790 | $1,215 |
| Southdale 1 Bedroom Apartments | $1,050 | $799 | $1,454 |
| Southdale 2 Bedroom Apartments | $1,251 | $775 | $1,751 |
| Southdale 3 Bedroom Apartments | $1,624 | $1,210 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Southdale Neighborhood of Indianapolis, IN.
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Cheapest Available Southdale Apartments for Rent
The cheapest available apartment rental in the Southdale area of Indianapolis, IN is a 2 Beds unit found at One Somerset priced from $775. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable Southdale apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $790 |
| South & Madison | E2 | Studio,1BA | $809 |
| Spicewood | Studio | Studio,1BA | $809 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $839 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $841 |
| Pine Glen | Maple Classic | 1BR,1BA | $849 |
| Meridian Court South | Hideaway 1 & 2 | 1BR,1BA | $900 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $900 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $928 |
Best Value Apartments for Rent in Southdale, IN
As of May 21, 2026 the best value apartment in the Southdale area is the $1.25 price per square foot 3D Model at Dakota Ridge in the in the Shelby Street-Epler Avenue neighborhood starting from $1,480. The second greatest value Southdale apartment is the Oasis Model at Southern Dunes starting at $1,482 with a $1.34 price per square foot in the Meridian Woods Park neighborhood. Here is today’s list of the best values for Southdale apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dakota Ridge | 3D | 3BR,2BA | $1.25 |
| Southern Dunes | Oasis | 2BR,2BA | $1.34 |
| Murphy's Landing | The Sail | 2BR,2BA | $1.42 |
| The Sycamores | The Spruce | 2BR,2BA | $1.41 |
| Brookwood Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.16 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Capital Place | Two Bedroom One Bath w/Den | 2BR,1BA | $1.28 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR,1BA | $1.18 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.20 |
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 $928.
What is the price of a cheap apartment in Southdale?
The cheapest apartment in Southdale is South & Madison which is listed at $830, while the average apartment in Southdale costs $1,482.
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 36 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 $234 which is $1,248 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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