Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $600 (14 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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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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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 Assumption on Blaine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$900
Horizons ApartmentsThe Vision1BR,1BA$925
Aspen Pointe ApartmentsHickoryStudio,1BA$975
SuncrestMirage1BR,1BA$979

Best Value Apartments for Rent in Southern Wayne, IN

As of March 13, 2026 the best value apartment in the Southern Wayne area is the $1.57 price per square foot The Sapphire Model at The Oasis in the in the Airport District neighborhood starting from $1,609. The second greatest value Southern Wayne apartment is the Cobalt Model at Stone Ridge Flats and Townhomes starting at $1,270 with a $1.46 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.
The OasisThe Sapphire3BR,2BA$1.57
Stone Ridge Flats and TownhomesCobalt2BR,1BA$1.46
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.11
SuncrestStarburst1BR,1BA$1.56
Alpine StudiosAspen1BR,1BA$1.80
Mann Village Apartments1 Bedroom Apartment1BR,1BA$1.72
Horizons ApartmentsThe Vision1BR,1BA$1.54
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45
Aspen Pointe ApartmentsHickoryStudio ,1BA$1.83

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 $1,593.

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 22 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 $346 which is $1,247 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.

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