Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $600 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southern Wayne area of Indianapolis.

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Horizons Apartments
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345

Total Monthly Price
$925 - $1,345
1 to 4 Bedroom Apartments Available Now

Horizons Apartments

4955 Red Horizon BlvdIndianapolis, IN 46221
Affordability
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property at 2402 Mars Hill St

$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

2402 Mars Hill St

IndianapolisIN46241
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1448 S Kiel Ave
$1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395
1 Bedroom Apartment Available Aug 9

1448 S Kiel Ave

1448 S Kiel AveIndianapolis, IN 46241
Affordability

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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221
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The Oasis
1 to 3 Bedroom Apartments

The Oasis

4900 Edinborough LnIndianapolis, IN 46241

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Cheapest Available Southern Wayne Apartments for Rent

 

The cheapest available apartment rental in the Southern Wayne area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. Horizons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Southern Wayne apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
Horizons ApartmentsThe Vision1BR,1BA$925
The OasisThe Quartz1BR,1BA$984
SuncrestMirage1BR,1BA$999
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1,058

Best Value Apartments for Rent in Southern Wayne, IN

As of July 28, 2026 the best value apartment in the Southern Wayne area is the $1.55 price per square foot Sapphire Model at Stone Ridge Flats and Townhomes in the in the Airport District neighborhood starting from $1,754. The second greatest value Southern Wayne apartment is the Edinburgh Model at Alpine Studios starting at $1,478 with a $1.58 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Southern Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Ridge Flats and TownhomesSapphire3BR,2BA$1.55
Alpine StudiosEdinburgh2BR,2BA$1.58
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
Aspen Pointe ApartmentsSpring1BR,1BA$1.52
Windsor Park2 Bedroom Apartment: The Yorkshire2BR,1BA$1.80
The OasisThe Quartz1BR,1BA$1.47
SuncrestMirage1BR,1BA$1.54
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1.74
Horizons ApartmentsThe Vision1BR,1BA$1.54
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45

Frequently Asked Questions about Cheap Southern Wayne Apartments

What is the price of a cheap apartment in Southern Wayne?

The cheapest apartment in Southern Wayne is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Southern Wayne costs $1,660.

What types of apartments are the cheapest in Southern Wayne?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Southern Wayne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southern Wayne?

Cheap apartments in Southern Wayne have an average cost of $444 which is $1,216 cheaper than the average rent for all rentals in Southern Wayne.

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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.

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