Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $500 (30 Rentals)

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

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Buckridge at Southport
Rent Specials
$895 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,020
Required Monthly Fees
$80

Total Monthly Price
$895 - $1,100
1 to 2 Bedroom Apartments Available Now

Buckridge at Southport

6933 Buckridge West DrIndianapolis, IN 46227
Affordability
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Creek Bay
$1,049 - $1,455
Total Monthly Price

Total Monthly Price

Base Rent
$956 - $1,362
Required Monthly Fees
$93

Total Monthly Price
$1,049 - $1,455
1 to 2 Bedroom Apartments Available Now

Creek Bay

6650 Creek Bay DrIndianapolis, IN 46217
Affordability
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  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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Dakota Ridge
1 to 3 Bedroom Apartments

Dakota Ridge

1510 Dakota Ridge DrIndianapolis, IN 46217
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Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
  • Utilities Included
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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Meridian Oaks
1 to 3 Bedroom Apartments

Meridian Oaks

187 Love AveGreenwood, IN 46142

Southern Homes, Indianapolis, IN Local Guide

Cheapest Available Southern Homes Apartments for Rent

 

The cheapest available apartment rental in the Southern Homes area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $796. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Southern Homes apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN2)1BR,1BA$796
South & MadisonE2Studio,1BA$809
Buckridge at Southport1BR/1.0BA1BR,1BA$895
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$905
Westminster Apartments and TownhomesBroderick1BR,1BA$915
The SterlingThe Remington2BR,1BA$950
Polo Run ApartmentsThe Thoroughbred 2 BR 1 BA2BR,1BA$950
Auburn Place2 Bedroom 1 Bath2BR,1BA$956
Beechmill ApartmentsBeech1BR,1BA$985
Waterford Place ApartmentsThe Limerick1BR,1BA$995

Best Value Apartments for Rent in Southern Homes, IN

As of April 06, 2026 the best value apartment in the Southern Homes area is the $1.14 price per square foot 3Bed / 2Bath- Phase I Model at Aspen Lakes in the in the Southern Homes neighborhood starting from $1,725. The second greatest value Southern Homes apartment is the 3Bd/1.5Ba Dn W/D Model at Martinique Terrace starting at $1,499 with a $1.15 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Southern Homes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Lakes3Bed / 2Bath- Phase I3BR,2BA$1.14
Martinique Terrace3Bd/1.5Ba Dn W/D3BR,1.5BA$1.15
South Haven Village Apartments3x2 R3BR,2BA$1.39
Dakota RidgeYellowstone2BR,2BA$1.23
Oak ParkTimber2BR,1BA$1.16
The SycamoresThe Spruce2BR,2BA$1.41
Auburn Place2 Bedroom 1 Bath2BR,1BA$1.00
The SterlingThe Lexington1BR,1BA$1.28
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.35

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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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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southern Homes, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places that make kids happy, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southern Homes Apartments

What is the Cheapest Studio apartment in Southern Homes?

Currently the most affordable Cheap Studio Apartment in Southern Homes is at South & Madison listed at $809.

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

The lowest price for a Cheap One Bedroom Southern Homes Apartment is $796 at Windsor Court.

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

Today's best deal for a Cheap Two Bedroom Apartment in Southern Homes is starting from $950 at Polo Run Apartments.

What is the most affordable Southern Homes Three Bedroom Apartment?

The best deal on a cheap Southern Homes Three Bedroom Apartment rental is at Dakota Ridge and starts from $1,400.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.