Cheap Apartments for Rent in the Southport Neighborhood of Indianapolis, IN from $600 (23 Rentals)

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

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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

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Cheapest Available Southport Apartments for Rent

 

The cheapest available apartment rental in the Southport area of Indianapolis, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $695. Brookwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $754. Here are the most affordable Southport apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$695
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$754
SherbrookStudioStudio,1BA$799
Polo Run ApartmentsThe Shetland StudioStudio,1BA$801
South & MadisonE2Studio,1BA$809

Best Value Apartments for Rent in Southport, IN

As of January 22, 2026 the best value apartment in the Southport area is the $1.18 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 $2,000. The second greatest value Southport apartment is the 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes starting at $1,650 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$1.18
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Martinique Terrace3Bd/2Ba Up W/D3BR,2BA$1.24
Park Madison Apartments2x2 R-Prem2BR,2BA$1.26
Brookwood Apartments3 Bedroom 2 Bath3BR,2BA$1.13
Stonehedge ApartmentsThe Luna2BR,1BA$1.24
Oak ParkDale - Upgraded2BR,1BA$1.28
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.27
The SterlingThe Lexington1BR,1BA$1.18
Buckridge at Southport1BR/1.0BA1BR,1BA$1.25

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 $875.

What is the price of a cheap apartment in Southport?

The cheapest apartment in Southport is Brookwood Apartments which is listed at $754, while the average apartment in Southport costs $1,662.

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 28 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 $133 which is $1,529 cheaper than the average rent for all rentals in Southport.

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.

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