Cheap Homes for Rent in Southeast Indianapolis Neighborhood of Indianapolis, IN from $700 (37 Rentals)

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

property at 4881 300W

$850 - $925

2 Bedroom Rentals

Available Now

4881 300W

New PalestineIN46163

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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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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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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Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Showing Results 1-37, Page 1 of 1

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 1 Bed unit found at Maison Gardens Apartments priced from $640. Serenity Manor 55+ Independent Active Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Southeast Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Maison Gardens Apartments1BD R1BR,1BA$640
Serenity Manor 55+ Independent Active Living1 Bedroom/1 Bathroom1BR,1BA$699
Spanish OaksStudioStudio,1BA$725
Peppermill Farms1BR1BR,1BA$735
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Willowood EastStudioStudio,1BA$760
Keeneland Crest ApartmentsTuscan1BR,1BA$799
Kingston Square ApartmentsThe AshStudio,1BA$799
OlivewoodStudioStudio,1BA$810
The Vineyards Apartment HomesStudio ClassicStudio,1BA$819

Best Value Apartments for Rent in Southeast Indianapolis, IN

As of April 24, 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 The Estate - Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,149 with a $0.94 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.
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
Paragon ParkThe Estate - Two Bedroom 1.5 Bath2BR,1.5BA$0.94
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
5028 E New York St, Unit 50285028 E New York St2BR,1BA$1.00
Postbrook East Apartments3 bd F Remod3BR,1BA$1.07
Indy Town ApartmentsFrederick Square 2 bedroom2BR,1BA$0.94
The Vistas Apartment Homes2x1,5 Townhome Classic2BR,1.5BA$1.10
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.03
Maison Gardens Apartments2 BD Partial R2BR,1BA$1.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 #27

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 252 Apartments for Rent in Southeast Indianapolis, IN with pricing that ranges from $495 to $7,161. There are also 214 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 $1,659.

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 $975 to $7,161, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,395 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

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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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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.

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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.

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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.