Cheap Apartments for Rent in the Southport Neighborhood of Indianapolis, IN from $500 (13 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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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 Berkley Commons priced from $749. Brookwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Southport apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Berkley CommonsOne Bedroom One Bath1BR,1BA$749
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$769
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$790
South & MadisonE2Studio,1BA$809
SherbrookStudioStudio,1BA$819

Best Value Apartments for Rent in Southport, IN

As of July 30, 2026 the best value apartment in the Southport area is the $1.27 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,699. The second greatest value Southport apartment is the 3Bd/1.5Ba Dn W/D Model at Martinique Terrace starting at $1,399 with a $1.08 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.
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.27
Martinique Terrace3Bd/1.5Ba Dn W/D3BR,1.5BA$1.08
Lakes of WindsorWinchester2BR,1BA$1.39
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Brookwood Apartments3 Bedroom 1.5 Bath3BR,1.5BA$1.29
The SterlingThe Lexington1BR,1BA$1.22
Buckridge at Southport1BR/1.0BA1BR,1BA$1.17
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.36
Berkley CommonsOne Bedroom One Bath1BR,1BA$1.20
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$1.38

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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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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Real 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.

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Pet Friendly Lifestyle
Southport, Indianapolis, IN

Ranked #51

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Southport Apartments

What is the Cheapest Studio apartment in Southport?

Currently the most affordable Cheap Studio Apartment in Southport is at 5700 Madison Apartments & Edgewood on Madison listed at $790.

How much is rent for a Cheap One Bedroom Southport Apartment?

The lowest price for a Cheap One Bedroom Southport Apartment is $749 at Berkley Commons.

What is the lowest price for a Cheap Two Bedroom Southport Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southport is starting from $979 at Greentree Apartments.

What is the most affordable Southport Three Bedroom Apartment?

The best deal on a cheap Southport Three Bedroom Apartment rental is at Brookwood Apartments and starts from $1,206.

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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