close
View Me
$1,055 - $1,345
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,055 - $1,345
Total Monthly Price
$1,055 - $1,345
Horizons Apartments
4955 Red Horizon BlvdIndianapolis, IN 46221
Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Wayne area of Indianapolis.
close
View Me
$1,169 - $2,2491 to 3 Bedroom Apartments Available Now
Stone Ridge Flats and Townhomes
7111 Vedder PlIndianapolis, IN 46241
close
View Me
Rent Specials
$999 - $1,399Studio to 2 Bedroom Apartments Available Now
Alpine Studios
5818 Flight School DrIndianapolis, IN 46221
close
View Me
$1,013 - $1,3741 to 2 Bedroom Apartments Available Now
Suncrest
1135 Suncrest CirIndianapolis, IN 46241
close
View Me
Rent Specials
$7781 Bedroom Apartments Available Now
Abbey Apartments - Affordable Senior Housing
4012 S Mann RdIndianapolis, IN 46221
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
close
View Me
$750 - $1,025Studio to 2 Bedroom Apartments Contact Us For Availability
Ashgrove Apartments
1211 Ginger CtIndianapolis, IN 46241
close
View Me
Studio to 2 Bedroom Apartments
Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
close
View Me
3 to 4 Bedroom Apartments
Valley Brook MHC
4620 S High School RdIndianapolis, IN 46241
close
View Me
1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
close
View Me
3 Bedroom Apartments
Deerfield Acres
4000 Foltz StIndianapolis, IN 46221
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.
close
View Me
1 to 3 Bedroom Apartments
The Oasis
4900 Edinborough LnIndianapolis, IN 46241
Showing Results 1-11, Page 1 of 1
Southern Wayne, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Southern Wayne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southern Wayne Studio Apartments | $1,339 | $750 | $2,250 |
| Southern Wayne 1 Bedroom Apartments | $1,130 | $778 | $1,395 |
| Southern Wayne 2 Bedroom Apartments | $1,351 | $945 | $1,795 |
| Southern Wayne 3 Bedroom Apartments | $1,528 | $1,345 | $2,249 |
| Southern Wayne 4 Bedroom Apartments | $1,693 | $1,676 | $1,710 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 3 mile radius of the Southern Wayne Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Let everyone know!
Do you know the Southern Wayne area?
If you’re an expert on all things Southern Wayne, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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. The Oasis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $984. Here are the most affordable Southern Wayne apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
| The Oasis | The Quartz | 1BR,1BA | $984 |
| Alpine Studios | Nordic | Studio,1BA | $999 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,049 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,055 |
Best Value Apartments for Rent in Southern Wayne, IN
As of April 28, 2026 the best value apartment in the Southern Wayne area is the $1.20 price per square foot 2 Bed 2 Bath Model at The Assumption on Blaine in the in the Concord neighborhood starting from $1,395. The second greatest value Southern Wayne apartment is the Cobalt Model at Stone Ridge Flats and Townhomes starting at $1,291 with a $1.49 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Assumption on Blaine | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
| Stone Ridge Flats and Townhomes | Cobalt | 2BR,1BA | $1.49 |
| Suncrest | Starburst | 1BR,1BA | $1.56 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.41 |
| Aspen Pointe Apartments | Spring | 1BR,1BA | $1.50 |
| Windsor Park | 2 Bedroom Apartment: The Yorkshire | 2BR,1BA | $1.77 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Alpine Studios | Nordic | Studio ,1BA | $2.14 |
Frequently Asked Questions about Cheap Southern Wayne Apartments
What is a cheap apartment in Southern Wayne?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southern Wayne is under $1,291.
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 $1,693.
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 28 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 $711 which is $982 cheaper than the average rent for all rentals in Southern Wayne.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.