Cheap Apartments for Rent in the Southport Road Neighborhood of Indianapolis, IN from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southport Road area of Indianapolis.

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Heathmoore - Indianapolis
$790 - $3,475
Total Monthly Price

Total Monthly Price

Base Rent
$767 - $3,452
Required Monthly Fees
$23

Total Monthly Price
$790 - $3,475
Studio to 2 Bedroom Apartments Available Now

Heathmoore - Indianapolis

5984 Heathmoore DrIndianapolis, IN 46237
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Strawbridge Green
$845 - $1,555
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $1,505
Required Monthly Fees
$50

Total Monthly Price
$845 - $1,555
2 to 3 Bedroom Apartments Available Now

Strawbridge Green

4649 Strawbridge StIndianapolis, IN 46237
Corporate Housing
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
  • Utilities Included
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227

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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
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Blackstone
1 to 2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
  • Utilities Included

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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Southport Road, Indianapolis, IN Local Guide

Cheapest Available Southport Road Apartments for Rent

 

The cheapest available apartment rental in the Southport Road area of Indianapolis, IN is a Studio unit found at Sherbrook priced from $789. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Southport Road apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
SherbrookStudioStudio,1BA$789
South & MadisonE2Studio,1BA$809
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$850
Parc Bordeaux ApartmentsStudioStudio,1BA$850
The SterlingThe Lexington1BR,1BA$875

Best Value Apartments for Rent in Southport Road, IN

As of February 27, 2026 the best value apartment in the Southport Road area is the $1.13 price per square foot 2x2 R-Prem Model at Park Madison Apartments in the in the Winchester Village neighborhood starting from $1,300. The second greatest value Southport Road apartment is the Two Bedroom 1.5 Bath Model at Fox Club starting at $1,049 with a $1.05 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Southport Road apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Fox ClubTwo Bedroom 1.5 Bath2BR,1.5BA$1.05
Strawbridge GreenRedfern2BR,1.5BA$1.13
Windsor CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.15
Oak ParkDale - Upgraded2BR,1BA$1.28
Sawmill Apartments2 Bed 1 Bath Large2BR,1BA$1.05
Beech Tree Glen Apartments2x1R2BR,1BA$1.11
South & MadisonB22BR,1BA$1.19
The SterlingThe Lexington1BR,1BA$1.18
Sherman VillageGarden Apt1BR,1BA$1.28

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Your 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

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Pet Friendly Lifestyle
Southport Road, Indianapolis, IN

Ranked #74

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Southport Road Apartments

What is the Cheapest Studio apartment in Southport Road?

Currently the most affordable Cheap Studio Apartment in Southport Road is at Sherbrook listed at $789.

How much is rent for a Cheap One Bedroom Southport Road Apartment?

The lowest price for a Cheap One Bedroom Southport Road Apartment is $830 at South & Madison.

What is the lowest price for a Cheap Two Bedroom Southport Road Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southport Road is starting from $890 at Strawbridge Green.

What is the most affordable Southport Road Three Bedroom Apartment?

The best deal on a cheap Southport Road Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,065.

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

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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.