
Cheap Homes for Rent in Southport Road Neighborhood of Indianapolis, IN from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Southport Road area of Indianapolis.


640 Wooddale Terrace
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

742 Loews Blvd

807 Riverside Dr
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.

628 Wooddale Terrace

811 Riverside Dr
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

634 Wooddale Terrace

2705 Palo Verde Ct
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!

49 Trails End

855 N Madison Ave
Southport Road, Indianapolis, IN Local Guide

How much does it cost to rent a home in Southport Road?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southport Road 2 Bedroom Homes for Rent | $1,160 | $903 | $1,395 |
Southport Road 3 Bedroom Homes for Rent | $1,875 | $1,500 | $2,745 |
Southport Road 4 Bedroom Homes for Rent | $2,250 | $2,200 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 1 Bed unit found at Stone Lake priced from $650. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Southport Road apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Lake | 1X1 | 1BR,1BA | $650 |
South & Madison | E1 | Studio,1BA | $840 |
Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $840 |
Best Value Apartments for Rent in Southport Road, IN
As of May 10, 2025 the best value apartment in the Southport Road area is the $1.19 price per square foot Windsor Model at Lakes of Windsor in the in the Southeast Indianapolis neighborhood starting from $1,670. The second greatest value Southport Road apartment is the Townhome Model at Sherman Village starting at $1,300 with a $1.00 price per square foot in the Carson Heights 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. |
---|---|---|---|
Lakes of Windsor | Windsor | 3BR,2BA | $1.19 |
Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
Park Madison Apartments | 2x2 | 2BR,2BA | $0.93 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
Oak Park | Forest | 1BR,1BA | $1.12 |
Strawbridge Green | Emerson | 2BR,1BA | $1.13 |
Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
Stone Lake | 1X1 | 1BR,1BA | $1.00 |
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.
Frequently Asked Questions about Southport Road
What type of rentals are currently available in Southport Road?
There are currently 69 Apartments for Rent in Southport Road, IN with pricing that ranges from $415 to $4,527. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southport Road ranging from $817 to $2,745.
What is the current price range for Rental Homes in Southport Road?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southport Road ranges from $817 to $2,745 with an average monthly rent of $1,573.
How much are larger Three and Four Bedroom Rentals in Southport Road?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Southport Road range from $1,020 to $4,527, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,745. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,795.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.