Cheap Apartments for Rent in the Southeast Indianapolis Neighborhood of Indianapolis, IN from $400 (100 Rentals)

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

property at 5959 E 24th St

5959 E 24th St

IndianapolisIN46218
Showing Results 1-50, Page 1 of 2

Southeast Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Southeast Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southeast Indianapolis area of Indianapolis, IN is a Studio unit found at Elmtree Park priced from $680. Serenity Manor 55+ Independent Active Living has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable Southeast Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Elmtree ParkStudio 1 BathStudio,1BA$680
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$715
Autumn Trails ApartmentsThe MapleStudio,1BA$749
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$750
Serenity Park ApartmentsBecome an Eastsider Today! Get 1 month free on ...1BR,1BA$769
StonehengeStudioStudio,1BA$779
The Vineyards Apartment HomesStudio ApartmentStudio,1BA$779
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$798
Spanish OaksStudioStudio,1BA$799
Kingston Square ApartmentsThe AshStudio,1BA$829

Best Value Apartments for Rent in Southeast Indianapolis, IN

As of October 12, 2025 the best value apartment in the Southeast Indianapolis area is the $1.12 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,499. The second greatest value Southeast Indianapolis apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Southeast Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paragon ParkThree Bedroom Two Bath3BR,2BA$1.12
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Lawrence LandingTwo Bedroom2BR,1.5BA$1.08
60 - ADDISON APARTMENTS1st Floor Standard2BR,1BA$0.95
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.94
The Vistas Apartment Homes2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.13
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.84
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.98
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.09
Bristol Square1 Bedroom Loft1BR,1.5BA$1.06

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Pet Friendly Lifestyle
Southeast Indianapolis, Indianapolis, IN

Ranked #29

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southeast Indianapolis, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southeast Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southeast Indianapolis Apartments

What is a cheap apartment in Southeast Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Indianapolis is under $829.

What is the price of a cheap apartment in Southeast Indianapolis?

The cheapest apartment in Southeast Indianapolis is Serenity Park Apartments which is listed at $769, while the average apartment in Southeast Indianapolis costs $1,800.

What types of apartments are the cheapest in Southeast Indianapolis?

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 28 regular apartments in Southeast Indianapolis 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 Southeast Indianapolis?

Cheap apartments in Southeast Indianapolis have an average cost of $586 which is $1,214 cheaper than the average rent for all rentals in Southeast Indianapolis.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.