8149 Trevellian Way
IndianapolisIN46217
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Homes area of Indianapolis.
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$810 - $1,4151 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
6770 S East St
IndianapolisIN46227
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Rent Specials
$929 - $1,854Studio to 2 Bedroom Apartments Available Now
Oak Park
2100 E Stop 12 RdIndianapolis, IN 46227
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$985 - $1,2581 to 2 Bedroom Apartments Available Now
Beechmill Apartments
8580 Beechmill LnIndianapolis, IN 46227
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$995 - $1,5351 to 2 Bedroom Apartments Available Now
Waterford Place Apartments
1009 Lismore LnIndianapolis, IN 46227
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$999 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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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Rent Specials
$1,000 - $1,6501 to 3 Bedroom Apartments Available Now
The Sycamores
7913 Ella Dobbs LnIndianapolis, IN 46227
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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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1 to 2 Bedroom Apartments
Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
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$775 - $2,434Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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Rent Specials
$945 - $1,5991 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
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$985 - $1,5551 to 3 Bedroom Apartments Available Now
Auburn Place Apartments
745 Wooddale TerGreenwood, IN 46142
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628 Wooddale Terrace
GreenwoodIN46142
778 Loews Blvd
GreenwoodIN46142
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.
Showing Results 1-21, Page 1 of 1
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 | $1,051 | $775 | $1,325 |
| Southern Homes 1 Bedroom Apartments | $1,111 | $810 | $1,650 |
| Southern Homes 2 Bedroom Apartments | $1,300 | $950 | $1,913 |
| Southern Homes 3 Bedroom Apartments | $1,636 | $1,390 | $2,560 |
| Southern Homes 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 21 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. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $840. 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 |
| South & Madison | E2 | Studio,1BA | $840 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $850 |
| Polo Run Apartments | The Morgan 1 BR 1 BA | 1BR,1BA | $858 |
| Meridian Court South | Hideaway 1 & 2 | 1BR,1BA | $920 |
Best Value Apartments for Rent in Southern Homes, IN
As of November 14, 2025 the best value apartment in the Southern Homes area is the $1.14 price per square foot 3 Bedrooms 2 Baths- 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 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK starting at $1,152 with a $0.82 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. |
|---|---|---|---|
| Aspen Lakes | 3 Bedrooms 2 Baths- Phase I | 3BR,2BA | $1.14 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.82 |
| Waterford Place Apartments | The Cottage | 2BR,2BA | $1.24 |
| Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.21 |
| The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
| Oak Park | Dale | 2BR,1BA | $1.25 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.18 |
| Dakota Ridge | Lakota | 1BR,1BA | $1.32 |
| The Sterling | The Lexington | 1BR,1BA | $1.32 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.18 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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.
Read ArticleYour 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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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 LifestyleSouthern Homes, Indianapolis, IN
Ranked #126
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Southern Homes, Indianapolis, IN
Douglas Macarthur Elementary School
Perry Township Schools
Public School - Grades PK-5 (794)
6 out of 10
School data provided by Great Schools
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 $840.
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 $890 at Buckridge at Southport.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.