close
View Me
Rent Specials
$1,164 - $1,7931 to 3 Bedroom Apartments Available Now
Stone Ridge Flats and Townhomes
7111 Vedder PlIndianapolis, IN 46241
Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $615 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Wayne area of Indianapolis.
close
View Me
$925 - $1,345
Total Monthly Price
Base Rent$925 - $1,345
Total Monthly Price$925 - $1,345
Horizons Apartments
4955 Red Horizon BlvdIndianapolis, IN 46221
close
View Me
$1,049 - $1,4131 to 2 Bedroom Apartments Available Sep 15
Suncrest
1135 Suncrest CirIndianapolis, IN 46241
close
View Me
$892 - $1,478Studio to 2 Bedroom Apartments Available Now
Alpine Studios
5818 Flight School DrIndianapolis, IN 46221
close
View Me
Rent Specials
$7781 Bedroom Apartments Available Now
Abbey Apartments - Affordable Senior Housing
4012 S Mann RdIndianapolis, IN 46221
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
close
View Me
$750 - $1,025Studio to 2 Bedroom Apartments Available Soon
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
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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 | $1,141 | $750 | $1,800 |
| Southern Wayne 1 Bedroom Apartments | $1,095 | $778 | $1,395 |
| Southern Wayne 2 Bedroom Apartments | $1,374 | $945 | $1,795 |
| Southern Wayne 3 Bedroom Apartments | $1,568 | $1,275 | $2,369 |
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
Southern Wayne, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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. Alpine Studios 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 |
| Alpine Studios | Oslo | Studio,1BA | $975 |
| The Oasis | The Quartz | 1BR,1BA | $984 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,058 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,075 |
Best Value Apartments for Rent in Southern Wayne, IN
As of September 12, 2026 the best value apartment in the Southern Wayne area is the $1.31 price per square foot 1 Bed 1 Bath Model at The Assumption on Blaine in the in the Concord neighborhood starting from $1,100. The second greatest value Southern Wayne apartment is the Arbor W/D Model at Aspen Pointe Apartments starting at $1,275 with a $1.57 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 | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
| Aspen Pointe Apartments | Arbor W/D | 2BR,1BA | $1.57 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.43 |
| Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.62 |
| The Oasis | The Quartz | 1BR,1BA | $1.47 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.74 |
| Windsor Park | 1 Bedroom Apartment: The Abbey | 1BR,1BA | $1.85 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
| Alpine Studios | Oslo | Studio ,1BA | $1.85 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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
Best Local Schools in Southern Wayne, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Southern Wayne Apartments
What is the Cheapest Studio apartment in Southern Wayne?
Currently the most affordable Cheap Studio Apartment in Southern Wayne is at Alpine Studios listed at $975.
How much is rent for a Cheap One Bedroom Southern Wayne Apartment?
The lowest price for a Cheap One Bedroom Southern Wayne Apartment is $778 at Abbey Apartments - Affordable Senior Housing.
What is the lowest price for a Cheap Two Bedroom Southern Wayne Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Southern Wayne is starting from $1,075 at Horizons Apartments.
What is the most affordable Southern Wayne Three Bedroom Apartment?
The best deal on a cheap Southern Wayne Three Bedroom Apartment rental is at Horizons Apartments and starts from $1,275.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.