Cheap Apartments for Rent in the Southport Neighborhood of Indianapolis, IN from $600 (22 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Southport, Indianapolis, IN Local Guide

Cheapest Available Southport Apartments for Rent

 

The cheapest available apartment rental in the Southport area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $728. Buckridge at Southport has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here are the most affordable Southport apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Buckridge at Southport2BR/1.0BA2BR,1BA$800
South & MadisonE2Studio,1BA$809
SherbrookStudioStudio,1BA$820
5700 Madison Apartments & Edgewood on MadisonEdgewood - Sycamore1BR,1BA$850

Best Value Apartments for Rent in Southport, IN

As of December 08, 2025 the best value apartment in the Southport area is the $1.29 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $2,200. The second greatest value Southport apartment is the 3Bd/2Ba Up W/D Model at Martinique Terrace starting at $1,614 with a $1.24 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Southport apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4946 Camden St, Unit Big Camden4946 Camden St3BR,2BA$1.29
Martinique Terrace3Bd/2Ba Up W/D3BR,2BA$1.24
Park Madison Apartments2x2 R-Prem2BR,2BA$1.26
Auburn Place ApartmentsMerlot2BR,1.5BA$1.19
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.27
Oak ParkDale - Upgraded2BR,1BA$1.28
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.12
The SterlingThe Lexington1BR,1BA$1.32
Buckridge at Southport1BR/1.0BA1BR,1BA$1.11

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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.

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Pet Friendly Lifestyle
Southport, Indianapolis, IN

Ranked #47

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Southport Neighborhood in Indianapolis, IN

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

3 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Southport Apartments

What is a cheap apartment in Southport?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southport is under $945.

What is the price of a cheap apartment in Southport?

The cheapest apartment in Southport is Windsor Court which is listed at $728, while the average apartment in Southport costs $1,555.

What types of apartments are the cheapest in Southport?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 30 regular apartments in Southport that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southport?

Cheap apartments in Southport have an average cost of $112 which is $1,443 cheaper than the average rent for all rentals in Southport.

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.

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!