
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Homes area of Indianapolis.


8231 Bold Forbes Ct
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.
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.
Southern Homes, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Southern Homes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Homes Studio Apartments | $1,197 | $815 | $1,325 |
Southern Homes 1 Bedroom Apartments | $1,125 | $390 | $1,479 |
Southern Homes 2 Bedroom Apartments | $1,353 | $907 | $2,100 |
Southern Homes 3 Bedroom Apartments | $1,673 | $1,390 | $2,258 |
Southern Homes 4 Bedroom Apartments | $1,923 | $1,725 | $2,060 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Southern Homes Neighborhood of Indianapolis, IN.
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Southern Homes, Indianapolis, IN Local Guide
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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 $728. Polo Run Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $814. Here are the most affordable Southern Homes apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
Polo Run Apartments | The Shetland Studio | Studio,1BA | $814 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Southern Homes, IN
As of June 24, 2025 the best value apartment in the Southern Homes area is the $1.24 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,650. The second greatest value Southern Homes apartment is the 3x2.5 TH Model at South Haven Village Apartments starting at $1,520 with a $1.17 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mansfield Village Townhomes | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
South Haven Village Apartments | 3x2.5 TH | 3BR,2.5BA | $1.17 |
Aspen Lakes | 2 Bedrooms 2 Balconies - Phase I | 2BR,2BA | $1.23 |
Dakota Ridge | Yellowstone | 2BR,2BA | $1.26 |
Oak Park | Forest | 1BR,1BA | $1.17 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
Beechmill Apartments | Elm | 2BR,1BA | $1.31 |
Martinique Terrace | 1 Bed/1Ba Up | 1BR,1BA | $1.33 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.24 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouthern Homes, Indianapolis, IN
Ranked #161
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Southern Homes, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
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 Polo Run Apartments listed at $814.
How much is rent for a Cheap One Bedroom Southern Homes Apartment?
The lowest price for a Cheap One Bedroom Southern Homes Apartment is $728 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 $1,025 at The Sterling.
What is the most affordable Southern Homes Three Bedroom Apartment?
The best deal on a cheap Southern Homes Three Bedroom Apartment rental is at South & Madison and starts from $1,263.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.