Cheap Apartments for Rent in the Southern Dunes Neighborhood of Indianapolis, IN from $800 (6 Rentals)

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

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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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Lighthouse Landings
1 to 2 Bedroom Apartments

Lighthouse Landings

6640 Heron Neck DrIndianapolis, IN 46217
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Arborwood Apartments
1 to 4 Bedroom Apartments

Arborwood Apartments

6702 Trunk WayIndianapolis, IN 46221
Corporate Housing

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Cheapest Available Southern Dunes Apartments for Rent

 

The cheapest available apartment rental in the Southern Dunes area of Indianapolis, IN is a 1 Bed unit found at Murphy's Landing priced from $1,023. Creek Bay has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here are the most affordable Southern Dunes apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Murphy's LandingThe Wake1BR,1BA$1,023
Creek Bay1Bed/1Bath Standard1BR,1BA$1,049
Dakota Ridge1U1BR,1BA$1,124

Best Value Apartments for Rent in Southern Dunes, IN

As of April 24, 2026 the best value apartment in the Southern Dunes area is the $1.51 price per square foot Eagle`s Island Lakeview Model at Lighthouse Landings in the in the Meridian Woods Park neighborhood starting from $1,484. The second greatest value Southern Dunes apartment is the 1U Model at Dakota Ridge starting at $1,124 with a $1.36 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Southern Dunes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lighthouse LandingsEagle`s Island Lakeview2BR,1BA$1.51
Dakota Ridge1U1BR,1BA$1.36
Arborwood ApartmentsThe Ninebark1BR,1BA$1.48
Creek Bay1Bed/1Bath Standard1BR,1BA$1.46
Southern DunesEcho1BR,1BA$1.79
Murphy's LandingThe Wake1BR,1BA$1.46

Frequently Asked Questions about Cheap Southern Dunes Apartments

How much is rent for a Cheap One Bedroom Southern Dunes Apartment?

The lowest price for a Cheap One Bedroom Southern Dunes Apartment is $1,049 at Creek Bay.

What is the lowest price for a Cheap Two Bedroom Southern Dunes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southern Dunes is starting from $1,195 at Creek Bay.

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.

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