Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Indianapolis, IN from $400 (74 Rentals)

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

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.

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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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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219

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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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203
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The Wash Apartments
1 to 3 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
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Saxony Court
1 to 2 Bedroom Apartments

Saxony Court

29-49 S Audubon RdIndianapolis, IN 46219
  • Utilities Included

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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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
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Minnie Hartman
1 to 2 Bedroom Apartments

Minnie Hartman

3734 E Vermont StIndianapolis, IN 46201
Senior Living
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Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Southside Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Southside Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southside Indianapolis area of Indianapolis, IN is a Studio unit found at D&T Nest priced from $570. Dawson Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
D&T Nest0 Bedroom 1 Bath - 62141Studio,1BA$570
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
The Courts Apartment Homes2x1 Classic2BR,1BA$929
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
City's EndBarcelona 0.1Studio,1BA$1,212
AssemblyMKT-Sprock1BR,1BA$1,349
Edge 35A11BR,1BA$1,358
School 85F2BR,2BA$1,610

Best Value Apartments for Rent in Southside Indianapolis, IN

As of July 09, 2026 the best value apartment in the Southside Indianapolis area is the $1.24 price per square foot F Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Southside Indianapolis apartment is the The Stella 60% Model at Minnie Hartman starting at $1,385 with a $1.38 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Southside Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School 85F2BR,2BA$1.24
Minnie HartmanThe Stella 60%2BR,1BA$1.38
Line LoftsThe Intuition 60%2BR,1BA$1.36
4609 English Ave, Unit Basement4609 English Ave1BR,1BA$1.24
The Courts Apartment Homes2x1 Classic2BR,1BA$1.19
Dawson Village2 BR/1 BA - FLATS2BR,1BA$1.28
AssemblyMKT-Sprock1BR,1BA$2.09
Edge 35A11BR,1BA$2.43
City's EndBarcelona 0.1Studio ,1BA$2.21
D&T Nest0 Bedroom 1.5 Bath - 71700Studio ,1.5BA$2.20

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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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
Southside Indianapolis, Indianapolis, IN

Ranked #245

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Southside Indianapolis Apartments

What is a cheap apartment in Southside Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southside Indianapolis is under $1,610.

What is the price of a cheap apartment in Southside Indianapolis?

The cheapest apartment in Southside Indianapolis is Assembly which is listed at $1,349, while the average apartment in Southside Indianapolis costs $14,251.

What types of apartments are the cheapest in Southside Indianapolis?

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 6 regular apartments in Southside Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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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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.

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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.

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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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.