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$750 - $1,025Studio to 2 Bedroom Apartments Contact Us For Availability
Ashgrove Apartments
1211 Ginger CtIndianapolis, IN 46241
Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Wayne area of Indianapolis.
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$7781 Bedroom Apartments Available Now
Abbey Apartments - Affordable Senior Housing
4012 S Mann RdIndianapolis, IN 46221
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$876 - $1,478Studio to 2 Bedroom Apartments Available Now
Alpine Studios
5818 Flight School DrIndianapolis, IN 46221
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$885 - $1,345
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$885 - $1,345
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$885 - $1,345
Horizons Apartments
4955 Red Horizon BlvdIndianapolis, IN 46221
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$984 - $1,3741 to 2 Bedroom Apartments Available Now
Suncrest
1135 Suncrest CirIndianapolis, IN 46241
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$1,049 - $1,2441 to 2 Bedroom Apartments Available Now
Mann Village Apartments
4010 Mann Village 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.
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$1,091 - $1,7261 to 4 Bedroom Apartments Available Now
Windsor Park
6764 Lambert StIndianapolis, IN 46241
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$1,100 - $1,7951 to 2 Bedroom Apartments Available Now
The Assumption on Blaine
1105 Blaine AveIndianapolis, IN 46221
3256-3258 W Mooresville Rd
IndianapolisIN46221
3244-3246 W Mooresville Rd
IndianapolisIN46221
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$1,276 - $2,3041 to 3 Bedroom Apartments Available Now
Stone Ridge Flats and Townhomes
7111 Vedder PlIndianapolis, IN 46241
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1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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.
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3 to 4 Bedroom Apartments
Valley Brook MHC
4620 S High School RdIndianapolis, IN 46241
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3 Bedroom Apartments
Deerfield Acres
4000 Foltz StIndianapolis, IN 46221
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Studio to 2 Bedroom Apartments
Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
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1 to 3 Bedroom Apartments
The Oasis
4900 Edinborough LnIndianapolis, IN 46241
2517 S McClure St
IndianapolisIN46241
3215 Mars Hill St
IndianapolisIN46221
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.
2702 S Lyons Ave
IndianapolisIN46241
Showing Results 1-19, 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 | $1,132 | $750 | $1,650 |
| Southern Wayne 1 Bedroom Apartments | $1,091 | $778 | $1,395 |
| Southern Wayne 2 Bedroom Apartments | $1,352 | $945 | $1,884 |
| Southern Wayne 3 Bedroom Apartments | $1,600 | $1,345 | $2,304 |
| Southern Wayne 4 Bedroom Apartments | $1,710 | $1,710 | $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 19 rentals with your search options within a 3 mile radius of the Southern Wayne Neighborhood of Indianapolis, IN.
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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. Aspen Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 |
| Aspen Pointe Apartments | Hickory | Studio,1BA | $975 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,049 |
| The Assumption on Blaine | 1 Bed 1 Bath | 1BR,1BA | $1,100 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,105 |
Best Value Apartments for Rent in Southern Wayne, IN
As of June 12, 2026 the best value apartment in the Southern Wayne area is the $1.49 price per square foot Edinburgh Model at Alpine Studios in the in the Airport District neighborhood starting from $1,399. The second greatest value Southern Wayne apartment is the 1 Bed 1 Bath Model at The Assumption on Blaine starting at $1,100 with a $1.31 price per square foot in the Concord 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. |
|---|---|---|---|
| Alpine Studios | Edinburgh | 2BR,2BA | $1.49 |
| The Assumption on Blaine | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
| Suncrest | Starburst | 1BR,1BA | $1.50 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.47 |
| Windsor Park | 2 Bedroom Apartment: The Yorkshire | 2BR,1BA | $1.77 |
| Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.77 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Aspen Pointe Apartments | Hickory | Studio ,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 $1,710.
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 16 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 $432 which is $1,278 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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