
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.


8109 Johnstown 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.

1615 E Southport Rd

145 Oleta Dr

1448 2nd Bomar St
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.
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 | $1,226 | $952 | $1,500 |
Southern Homes 3 Bedroom Homes for Rent | $1,810 | $1,405 | $2,225 |
Southern Homes 4 Bedroom Homes for Rent | $1,986 | $1,805 | $2,100 |
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. South & Madison has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. 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 | A1 | 1BR,1BA | $842 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $850 |
Best Value Apartments for Rent in Southern Homes, IN
As of July 30, 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 Merlot Model at Auburn Place Apartments starting at $1,241 with a $1.21 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 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.21 |
Stonehedge Apartments | The Luna | 2BR,1BA | $1.28 |
Oak Park | Timber | 2BR,1BA | $1.13 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
Beechmill Apartments | Oak | 2BR,1.5BA | $1.31 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.35 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.18 |
South & Madison | A1 | 1BR,1BA | $1.20 |
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 42 Apartments for Rent in Southern Homes, IN with pricing that ranges from $600 to $2,258. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southern Homes ranging from $375 to $3,500.
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 $375 to $3,500 with an average monthly rent of $1,848.
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 $1,249 to $2,258, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,405 to $2,225. Four Bedroom Single-Family rentals are also available starting from $1,805 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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.