
Cheap Homes for Rent in Southeast Indianapolis Neighborhood of Indianapolis, IN from $700 (35 Rentals)
Search the lowest-cost Homes available for rent right now in the Southeast Indianapolis area of Indianapolis.


2238 Admiral Dr

6119 Nimitz Dr

5143 Washington St

4881 300W, Unit 8

2226 N Kenyon St

6149 Commodore Dr

4881 300W
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.

4919 Orion Ave

775 Dequincy St

911 N Emerson Ave

201 S Emerson Ave

932 N Leland Ave

63 S 3rd Ave

6808 East 21st St

3809 Biscayne Rd
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.

6203 E 11th St

1213 Taylor Dr E

212 S Emerson Ave

3710 N Irvington Ave

306 N Riley Ave

8254 Meadowlark Dr

7955 E 49th St

2237 N Graham Ave
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.

3815 Biscayne Rd

3516 N Hawthorne Ln

3226 Wellington Ave

3962 Strathmore Dr

10207 Penrith Dr

4214 N Whittier Pl

628 N Riley Ave

10166 Southeastern Ave
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.

3918 N Webster Ave

239 Legends Creek Way, Unit 311

7161 E Pleasant Run Pkwy S Dr, Unit 1
Southeast Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent a home in Southeast Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southeast Indianapolis 2 Bedroom Homes for Rent | $1,169 | $725 | $1,700 |
| Southeast Indianapolis 3 Bedroom Homes for Rent | $1,722 | $850 | $2,800 |
| Southeast Indianapolis 4 Bedroom Homes for Rent | $2,089 | $1,320 | $4,950 |
| Southeast Indianapolis 5 Bedroom Homes for Rent | $2,428 | $2,290 | $2,600 |
| Southeast Indianapolis 6 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Homes for Rent in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Southeast Indianapolis Neighborhood of Indianapolis, IN.
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Southeast Indianapolis, Indianapolis, IN Local Guide
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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 Serenity Manor 55+ Independent Active Living priced from $660. Elmtree Park has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Southeast Indianapolis apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Serenity Manor 55+ Independent Active Living | Studio | Studio,1BA | $660 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $700 |
| Willowood East | Studio | Studio,1BA | $760 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
| Muessing Apartments | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| Olivewood | Studio | Studio,1BA | $800 |
| Postbrook East Apartments | 1bd F | 1BR,1BA | $820 |
| Arlington Green (Indy Town) | Arlington Green 2 bedroom | 2BR,1BA | $835 |
| English Village Apartments | Classic One Bedroom Apartment Home | 1BR,1BA | $850 |
Best Value Apartments for Rent in Southeast Indianapolis, IN
As of June 08, 2026 the best value apartment in the Southeast Indianapolis area is the $1.07 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,395. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Postbrook East Apartments | 3 bd F Remod | 3BR,1BA | $1.07 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.04 |
| 60 - ADDISON APARTMENTS | Addison Apts - Gorgeous 2 Bed/1 Bath Apt | 2BR,1BA | $0.96 |
| The Vistas Apartment Homes | 2x1,5 Townhome Classic | 2BR,1.5BA | $1.10 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $1.00 |
| Greenway Apartments | Greenway 2 bedroom | 2BR,1BA | $1.02 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio ,1BA | $1.10 |
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.
Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSoutheast Indianapolis, Indianapolis, IN
Ranked #22
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Southeast Indianapolis, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Southeast Indianapolis
What type of rentals are currently available in Southeast Indianapolis?
There are currently 249 Apartments for Rent in Southeast Indianapolis, IN with pricing that ranges from $575 to $5,624. There are also 213 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Indianapolis ranging from $725 to $4,950.
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 $725 to $4,950 with an average monthly rent of $1,802.
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 $1,189 to $5,624, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,320 and Four Bedroom Apartments start at $1,503.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.