Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Indianapolis, IN from $450 (97 Rentals)

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

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1701 Fletcher Ave
$999 - $1,499
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,499
Total Monthly Price
$999 - $1,499
1 to 3 Bedroom Apartment Available Now

1701 Fletcher Ave

1701 Fletcher AveIndianapolis, IN 46203
Affordability

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219

Southside Indianapolis - 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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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
  • 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. 1515-1517 E Michigan Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
D&T Nest0 Bedroom 1 Bath - 78708Studio,1BA$570
1515-1517 E Michigan Street1BR/1.0BA1BR,1BA$799
Irvington Living III1 Bed 1 Bath1BR,1BA$895
Dawson Village2 BR/1 BA - FLATS2BR,1BA$899
The Courts Apartment Homes2x1 Classic2BR,1BA$969
Saxony CourtSaxony 2 Bd Remodel2BR,1BA$989
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
Edge 35S1Studio,1BA$1,117
Emerton Place TownhomesTownhome2BR,1BA$1,195

Best Value Apartments for Rent in Southside Indianapolis, IN

As of August 24, 2026 the best value apartment in the Southside Indianapolis area is the $0.90 price per square foot 605 N Rural St Model at 605 N Rural St, Unit 605 in the in the Martindale neighborhood starting from $1,200. The second greatest value Southside Indianapolis apartment is the F Model at School 85 starting at $1,610 with a $1.24 price per square foot in the Southeast Indianapolis 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.
605 N Rural St, Unit 605605 N Rural St3BR,1.5BA$0.90
School 85F2BR,2BA$1.24
1158 Laurel St, Unit 1st Floor Apartment1158 Laurel St2BR,1BA$1.00
418 Eastern Ave3 Beds, 1 Baths3BR,1BA$1.31
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Courts Apartment Homes2x1 Classic2BR,1BA$1.24
Saxony CourtSaxony 2 Bd Remodel2BR,1BA$1.30
Dawson Village2 BR/1 BA - FLATS2BR,1BA$1.28
Irvington Living III1 Bed 1 Bath1BR,1BA$1.28
1515-1517 E Michigan Street1BR/1.0BA1BR,1BA$1.14

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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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 #182

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 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 $1,195.

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

The cheapest apartment in Southside Indianapolis is 1515-1517 E Michigan Street which is listed at $799, while the average apartment in Southside Indianapolis costs $1,200.

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 19 regular apartments in Southside Indianapolis 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 Southside Indianapolis?

Cheap apartments in Southside Indianapolis have an average cost of $306 which is $894 cheaper than the average rent for all rentals in Southside Indianapolis.

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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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.

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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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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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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.

Articles, How-To's, and Tips

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Written by: Robin Stewart

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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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.