Cheap Homes for Rent in Southeast Indianapolis Neighborhood of Indianapolis, IN from $700 (99 Rentals)

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

property at 5959 E 24th St

5959 E 24th St

IndianapolisIN46218

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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property at 6056 E 16th St

6056 E 16th St

IndianapolisIN46219
property at 6064 E 16th St

6064 E 16th St

IndianapolisIN46219

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 6062 E 16th St

6062 E 16th St

IndianapolisIN46219

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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property at 404 N Harbison Ave

404 N Harbison Ave

IndianapolisIN46219
property at 813 N Bancroft St

813 N Bancroft St

IndianapolisIN46201

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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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 Olivewood priced from $699. 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
OlivewoodStudioStudio,1BA$699
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$715
StonehengeStudioStudio,1BA$749
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park ApartmentsBecome an Eastsider Today! Get 1 month free on ...1BR,1BA$769
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$775
Bavarian Village ApartmentsThe Villa StudioStudio,1BA$777
Heathmoore - IndianapolisStudio 1 BathStudio,1BA$780
Frederick SquareFrederick Square 1 bedroom1BR,1BA$790
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$798

Best Value Apartments for Rent in Southeast Indianapolis, IN

As of December 06, 2025 the best value apartment in the Southeast Indianapolis area is the $0.99 price per square foot 233 Legends Creek Pl Model at 233 Legends Creek Pl, Unit 102 in the in the Southeast Indianapolis neighborhood starting from $1,550. The second greatest value Southeast Indianapolis apartment is the Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,249 with a $1.02 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.
233 Legends Creek Pl, Unit 102233 Legends Creek Pl3BR,2BA$0.99
Paragon ParkTwo Bedroom 1.5 Bath2BR,1.5BA$1.02
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.95
The Vistas Apartment Homes2 Bedroom 1.5 Bath Townhouse - Classic2BR,1.5BA$1.10
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.87
Lawrence LandingOne Bedroom1BR,1BA$1.10
Bristol Square1 Bedroom Loft1BR,1.5BA$1.06
Beech Tree Glen Apartments1x1R1BR,1BA$1.13

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your 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

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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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Pet Friendly Lifestyle
Southeast Indianapolis, Indianapolis, IN

Ranked #30

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

Frequently Asked Questions about Southeast Indianapolis

What type of rentals are currently available in Southeast Indianapolis?

There are currently 244 Apartments for Rent in Southeast Indianapolis, IN with pricing that ranges from $699 to $6,937. There are also 358 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Indianapolis ranging from $725 to $4,500.

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 $725 to $4,500 with an average monthly rent of $1,702.

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 $925 to $6,937, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,503.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!