
Cheap Homes for Rent in Southport Road Neighborhood of Indianapolis, IN from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Southport Road area of Indianapolis.


8333 Paso Del Norte Ct

350 Miller Dr

341 Miller Dr
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.

5870 Villa Ave

3741 Lima Ct

88 Keran Manor Ct

968 Greenwood Trail W Dr
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.
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 | $1,342 | $1,200 | $1,475 |
| Southport Road 3 Bedroom Homes for Rent | $1,948 | $1,445 | $4,500 |
| Southport Road 4 Bedroom Homes for Rent | $2,440 | $1,349 | $4,950 |
| Southport Road 5 Bedroom Homes for Rent | $2,050 | $2,050 | $2,050 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 South & Madison priced from $809. Sawmill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Southport Road apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South & Madison | E2 | Studio,1BA | $809 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Southport Road, IN
As of June 10, 2026 the best value apartment in the Southport Road area is the $1.09 price per square foot Garden Style 2 Bedroom/2 Bath Apartments Model at Park Madison in the in the Winchester Village neighborhood starting from $1,250. The second greatest value Southport Road apartment is the 2 Bedroom 1.5 Bath Model at Auburn Place starting at $1,300 with a $1.27 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Madison | Garden Style 2 Bedroom/2 Bath Apartments | 2BR,2BA | $1.09 |
| Auburn Place | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.27 |
| Oak Park | B2 Timber Upgrade | 2BR,1BA | $1.21 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.10 |
| Fountain Lake Villas | The Herrington | 2BR,1BA | $1.27 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Beech Tree Glen | 2x1R | 2BR,1BA | $1.19 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| The Sterling | The Lexington | 1BR,1BA | $1.15 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
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.
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 ArticleReal 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.
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 #66
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Southport Road
What type of rentals are currently available in Southport Road?
There are currently 71 Apartments for Rent in Southport Road, IN with pricing that ranges from $805 to $5,855. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southport Road ranging from $320 to $4,950.
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 $320 to $4,950 with an average monthly rent of $1,620.
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 $1,025 to $5,321, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,445 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,349 and Four Bedroom Apartments start at $1,575.
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.

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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.