Cheap Homes for Rent in Southport Road Neighborhood of Indianapolis, IN from $800 (10 Rentals)

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

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.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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49 Trails End

GreenwoodIN46142

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 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 ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$650
South & MadisonE1Studio,1BA$840
Windsor CourtDeluxe 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lakes of WindsorWindsor3BR,2BA$1.19
Sherman VillageTownhome3BR,1.5BA$1.00
Park Madison Apartments2x22BR,2BA$0.93
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.27
Oak ParkForest1BR,1BA$1.12
Strawbridge GreenEmerson2BR,1BA$1.13
Fox ClubOne Bedroom One Bath1BR,1BA$1.14
The SterlingThe Lexington1BR,1BA$1.32
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
Stone Lake1X11BR,1BA$1.00

Quick Rent Budget Calculator

How much rent can you afford?

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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.

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

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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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.

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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.

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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.