Cheap Homes for Rent in Southeast Indianapolis Neighborhood of Indianapolis, IN from $600 (61 Rentals)

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

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.

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property at 5915 Devington Rd

5915 Devington Rd

IndianapolisIN46226

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Southeast Indianapolis - 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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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 2 Beds unit found at The Aerie on 11th Street priced from $700. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Southeast Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
StonehengeStudioStudio,1BA$824
OlivewoodStudioStudio,1BA$825
Kingston Square ApartmentsThe AshStudio,1BA$829
Spanish OaksStudioStudio,1BA$829
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$850
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$851

Best Value Apartments for Rent in Southeast Indianapolis, IN

As of June 19, 2025 the best value apartment in the Southeast Indianapolis area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. 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$1.15
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Life at Belhaven Place3 Bed 2 Bath3BR,2BA$1.18
Lawrence LandingTwo Bedroom2BR,1.5BA$1.08
60 - ADDISON APARTMENTS2nd/3rd Floor Standard2BR,1BA$0.95
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.89
Vistas Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.08
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.15
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Vineyards Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.08

Quick 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.

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Frequently Asked Questions about Southeast Indianapolis

What type of rentals are currently available in Southeast Indianapolis?

There are currently 234 Apartments for Rent in Southeast Indianapolis, IN with pricing that ranges from $325 to $4,500. There are also 276 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Indianapolis ranging from $625 to $3,500.

What is the current price range for Rental Homes in Southeast Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southeast Indianapolis ranges from $625 to $3,500 with an average monthly rent of $1,616.

How much are larger Three and Four Bedroom Rentals in Southeast Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southeast Indianapolis range from $1,150 to $4,312, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $2,415. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,426.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.