8149 Trevellian Way
IndianapolisIN46217
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $589 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Homes area of Indianapolis.
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$882 - $1,7881 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$890 - $1,1001 to 2 Bedroom Apartments Available Now
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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$980 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$985 - $1,2651 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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$1,000 - $1,6501 to 3 Bedroom Apartments Available Now
The Sycamores
7913 Ella Dobbs LnIndianapolis, IN 46227
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$1,059 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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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$1,069 - $1,4541 to 2 Bedroom Apartments Available Now
Oak Park
2100 E Stop 12 RdIndianapolis, IN 46227
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$1,155 - $1,4601 to 2 Bedroom Apartments Available Sep 12
Creek Bay
6650 Creek Bay DrIndianapolis, IN 46217
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Rent Specials
$1,190 - $1,7602 to 4 Bedroom Apartments Available Now
Community Place
1201 Community PlIndianapolis, IN 46227
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$1,235 - $2,0701 to 3 Bedroom Apartments Available Now
Aspen Lakes
7202 Winslet BlvdIndianapolis, IN 46217
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$1,286 - $1,6971 to 3 Bedroom Apartments Available Now
Murphy's Landing
6909 Murphys Landing LnIndianapolis, IN 46217
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Rent Specials
$1,325 - $2,009Studio to 2 Bedroom Apartments Available Now
The Jacob
2110 E Southport RdIndianapolis, IN 46227
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$1,420 - $1,7602 to 3 Bedroom Apartments Available Now
South Haven Village Apartments
1542 Citrin PlIndianapolis, IN 46227
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$1,699 - $2,1752 to 3 Bedroom Apartments Available Now
Mansfield Village Townhomes
412 E County Line RdIndianapolis, IN 46227
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 2 Bedroom Apartments
Estate View
6768 S East StIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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Studio to 3 Bedroom Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
The Sterling
8020 Madison AveIndianapolis, IN 46227
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Studio to 3 Bedroom Apartments
Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
6643 S New Jersey St
IndianapolisIN46227
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1 to 3 Bedroom Apartments
Dakota Ridge
1510 Dakota Ridge DrIndianapolis, IN 46217
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1 to 2 Bedroom Apartments
Buffalo Creek Apartments
720 Buffalo Run DrIndianapolis, IN 46227
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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1 to 2 Bedroom Apartments
Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
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Rent Specials
$836 - $2,330Studio to 3 Bedroom Apartments Available Sep 4
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
742 Loews Blvd
GreenwoodIN46142
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$952 - $1,6531 to 3 Bedroom Apartments Available Aug 28
Auburn Place
745 Wooddale TerGreenwood, IN 46142
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$990 - $1,5251 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
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1 to 2 Bedroom Apartments
Breeza 32 Apartments
622 Wooddale TerGreenwood, IN 46142
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1 to 3 Bedroom Apartments
Bayshore Apartments
1534 Sandy Bay DrGreenwood, IN 46142
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1 to 2 Bedroom Apartments
Stonehedge Apartments
1563 Stonehedge CtGreenwood, IN 46142
Southern Homes - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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1 to 3 Bedroom Apartments
Meridian Oaks
187 Love AveGreenwood, IN 46142
Showing Results 1-33, 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 | $1,080 | $836 | $1,325 |
| Southern Homes 1 Bedroom Apartments | $1,101 | $858 | $1,650 |
| Southern Homes 2 Bedroom Apartments | $1,319 | $950 | $2,330 |
| Southern Homes 3 Bedroom Apartments | $1,753 | $1,425 | $3,938 |
| Southern Homes 4 Bedroom Apartments | $1,760 | $1,760 | $1,760 |
Browse Apartments in this Neighborhood
There are currently 33 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 Studio unit found at South & Madison priced from $809. SOUTHPORT AT BUCK CREEK has the second lowest priced unit, which is a 1 Bed apartment currently listed from $882. Here are the most affordable Southern Homes apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South & Madison | E2 | Studio,1BA | $809 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $882 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $890 |
| The Sterling | The Lexington | 1BR,1BA | $900 |
| Beechmill Apartments | Beech | 1BR,1BA | $985 |
| Westminster Apartments and Townhomes | Broderick | 1BR,1BA | $990 |
| Waterford Place Apartments | The Limerick | 1BR,1BA | $995 |
| Meridian Court South | Hideaway 1 & 2 | 1BR,1BA | $999 |
| The Sycamores | The Sycamores | 1BR,1BA | $1,000 |
| Buffalo Creek Apartments | Ruby | 1BR,1BA | $1,046 |
Best Value Apartments for Rent in Southern Homes, IN
As of August 24, 2026 the best value apartment in the Southern Homes area is the $1.27 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,699. The second greatest value Southern Homes apartment is the 2Bed / 2Bath / LG- Phase I Model at Aspen Lakes starting at $1,575 with a $1.31 price per square foot in the Southern Homes 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 | $1.27 |
| Aspen Lakes | 2Bed / 2Bath / LG- Phase I | 2BR,2BA | $1.31 |
| Oak Park | B2 Timber Upgrade | 2BR,1BA | $1.21 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| Martinique Terrace | 2 Bed/1 Ba Standard Dn | 2BR,1BA | $1.18 |
| Dakota Ridge | 1U | 1BR,1BA | $1.34 |
| Fountain Lake Villas | The Laurel | 1BR,1BA | $1.38 |
| The Sterling | The Lexington | 1BR,1BA | $1.22 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.24 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.26 |
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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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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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If you’re an expert on all things Southern Homes, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleSouthern Homes, Indianapolis, IN
Ranked #151
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)
5 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
How much is rent for a Cheap One Bedroom Southern Homes Apartment?
The lowest price for a Cheap One Bedroom Southern Homes Apartment is $830 at South & Madison.
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 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
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.