
Cheap Apartments for Rent in the Southport Road Neighborhood of Indianapolis, IN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southport Road area of Indianapolis.


Sherbrook

Total Monthly Price
Heathmoore - Indianapolis

Encore Apartments

Total Monthly Price
Strawbridge Green

Sawmill Apartments
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Greentree Apartments

Parc Bordeaux Apartments

Stone Lake

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Pleasant Creek Apartments

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South & Madison

Farhill Lake Apartments

The Sterling

Beech Tree Glen Apartments

Blackstone

Breeza 32 Apartments
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Southport Road, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Southport Road?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southport Road Studio Apartments | $1,035 | $789 | $1,360 |
| Southport Road 1 Bedroom Apartments | $1,233 | $850 | $3,335 |
| Southport Road 2 Bedroom Apartments | $1,443 | $845 | $3,475 |
| Southport Road 3 Bedroom Apartments | $1,710 | $1,065 | $2,546 |
| Southport Road 4 Bedroom Apartments | $1,687 | $1,687 | $1,687 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 3 mile radius of the Southport Road Neighborhood of Indianapolis, IN.
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Southport Road, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sherbrook | Studio | Studio,1BA | $789 |
| South & Madison | E2 | Studio,1BA | $809 |
| Greentree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
| The Sterling | The Lexington | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.13 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.05 |
| Strawbridge Green | Redfern | 2BR,1.5BA | $1.13 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.15 |
| Oak Park | Dale - Upgraded | 2BR,1BA | $1.28 |
| Sawmill Apartments | 2 Bed 1 Bath Large | 2BR,1BA | $1.05 |
| Beech Tree Glen Apartments | 2x1R | 2BR,1BA | $1.11 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| The Sterling | The Lexington | 1BR,1BA | $1.18 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
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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 ArticleQuick 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.
Pet Friendly LifestyleSouthport Road, Indianapolis, IN
Ranked #74
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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

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.

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.

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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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.

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.