
Cheap Homes for Rent in Southern Homes Neighborhood of Indianapolis, IN from $300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Southern Homes area of Indianapolis.


8231 Bold Forbes Ct

628 Wooddale Terrace
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.

406 E Tulip Dr

539 W Stop 11 Rd

1448 2nd Bomar St
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 a home in Southern Homes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Homes 2 Bedroom Homes for Rent | $1,234 | $903 | $1,500 |
Southern Homes 3 Bedroom Homes for Rent | $1,778 | $1,400 | $2,020 |
Southern Homes 4 Bedroom Homes for Rent | $2,217 | $2,035 | $2,399 |
Southern Homes 6 Bedroom Homes for Rent | $2,180 | $2,180 | $2,180 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 1 Bed apartment currently listed from $839. 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 Palomino 1 BR 1 BA | 1BR,1BA | $839 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Southern Homes, IN
As of June 25, 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 2 Bedrooms 2 Balconies - Phase I Model at Aspen Lakes starting at $1,505 with a $1.23 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 | $1.24 |
Aspen Lakes | 2 Bedrooms 2 Balconies - Phase I | 2BR,2BA | $1.23 |
Dakota Ridge | Yellowstone | 2BR,2BA | $1.26 |
South Haven Village Apartments | 2x2 | 2BR,2BA | $1.31 |
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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Frequently Asked Questions about Southern Homes
What type of rentals are currently available in Southern Homes?
There are currently 46 Apartments for Rent in Southern Homes, IN with pricing that ranges from $390 to $2,258. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southern Homes ranging from $903 to $2,399.
What is the current price range for Rental Homes in Southern Homes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southern Homes ranges from $903 to $2,399 with an average monthly rent of $1,852.
How much are larger Three and Four Bedroom Rentals in Southern Homes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Southern Homes range from $1,390 to $2,258, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,020. Four Bedroom Single-Family rentals are also available starting from $2,035 and Four Bedroom Apartments start at $1,725.
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.