2517 S McClure St
IndianapolisIN46241
Cheap Homes for Rent in Southern Wayne Neighborhood of Indianapolis, IN from $1,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Southern Wayne area of Indianapolis.
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.
3215 Mars Hill St
IndianapolisIN46221
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.
2702 S Lyons Ave
IndianapolisIN46241
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Southern Wayne, Indianapolis, IN Local Guide
How much does it cost to rent a home in Southern Wayne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southern Wayne 2 Bedroom Homes for Rent | $1,300 | $1,250 | $1,350 |
| Southern Wayne 3 Bedroom Homes for Rent | $1,501 | $1,200 | $1,655 |
| Southern Wayne 4 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 3 mile radius of the Southern Wayne Neighborhood of Indianapolis, IN.
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Best Value Apartments for Rent in Southern Wayne, IN
As of June 19, 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 | $1.39 |
| Aspen Pointe Apartments | Spring | 1BR,1BA | $1.52 |
| Windsor Park | 2 Bedroom Apartment: The Yorkshire | 2BR,1BA | $1.80 |
| Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.76 |
| The Oasis | The Quartz | 1BR,1BA | $1.47 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.74 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
Frequently Asked Questions about Southern Wayne
What type of rentals are currently available in Southern Wayne?
There are currently 30 Apartments for Rent in Southern Wayne, IN with pricing that ranges from $750 to $2,301. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southern Wayne ranging from $1,200 to $2,195.
What is the current price range for Rental Homes in Southern Wayne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southern Wayne ranges from $1,200 to $2,195 with an average monthly rent of $1,665.
How much are larger Three and Four Bedroom Rentals in Southern Wayne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Southern Wayne range from $1,345 to $2,301, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,655. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $1,490.
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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