Cheap Apartments for Rent in the Southport Road Neighborhood of Indianapolis, IN from $550 (61 Rentals)

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

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Rent According to Income: A Look at Income-Restricted Rentals

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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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.

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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Encore Apartments
Studio to 2 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
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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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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

Southport Road - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
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Fairfax Duplexes
2 Bedroom Apartments

Fairfax Duplexes

2123 Fairfax RdIndianapolis, IN 46227

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1 Bed unit found at Berkley Commons priced from $749. Sherbrook has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Southport Road apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Berkley CommonsOne Bedroom One Bath1BR,1BA$749
SherbrookStudioStudio,1BA$799
South & MadisonE2Studio,1BA$809
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Greentree Apartments1x1 Classic1BR,1BA$889
The SterlingThe Lexington1BR,1BA$900
Strawbridge GreenEmerson2BR,1BA$915
Sherman VillageGarden Apt1BR,1BA$925
Emerson VillageCardinal1BR,1BA$938

Best Value Apartments for Rent in Southport Road, IN

As of August 26, 2026 the best value apartment in the Southport Road area is the $1.35 price per square foot 4x2 Model at Kinwood Place in the in the Southeast Indianapolis neighborhood starting from $2,008. The second greatest value Southport Road apartment is the Garden Style 2 Bedroom/2 Bath Apartments Model at Park Madison Apartments starting at $1,250 with a $1.09 price per square foot in the Winchester Village 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.
Kinwood Place4x24BR,2BA$1.35
Park Madison ApartmentsGarden Style 2 Bedroom/2 Bath Apartments2BR,2BA$1.09
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Windsor CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.15
Strawbridge GreenThompson2BR,1BA$1.31
Beech Tree Glen Apartments1x1R1BR,1BA$1.28
The SterlingThe Lexington1BR,1BA$1.22
Sherman VillageGarden Apt1BR,1BA$1.28
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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.

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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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Real 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.

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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.

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Pet Friendly Lifestyle
Southport Road, Indianapolis, IN

Ranked #78

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 $799.

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

The lowest price for a Cheap One Bedroom Southport Road Apartment is $749 at Berkley Commons.

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 $915 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 $1,005.

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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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.

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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.

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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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.