Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Indianapolis, IN from $400 (83 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southside Indianapolis 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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property at 340 S Dearborn St

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190

2 Bedroom, 1 Bath Rentals

Available May 22

340 S Dearborn St

IndianapolisIN46201
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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219
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D&T Nest
Studio to 2 Bedroom Apartments

D&T Nest

5824 E Washington StIndianapolis, IN 46219
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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The Wash Apartments
1 to 3 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
  • Utilities Included

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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Saxony Court
1 to 2 Bedroom Apartments

Saxony Court

29-49 S Audubon RdIndianapolis, IN 46219
  • Utilities Included
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Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 $575. Courts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
D&T Nest0 Bedroom 1 Bath - 23033Studio,1BA$575
Courts Apartments1x1 Classic1BR,1BA$839
Colonial Park1 Bed, 1 bath1BR,1BA$850
Saxony Court1BD - New Floors1BR,1BA$869
Dawson VillageRenovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$950
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$990
Line LoftsThe Inspiraton 50%2BR,1BA$1,014
The AssemblyCylinder- Workforce1BR,1BA$1,049
Edge 35S1Studio,1BA$1,082
Minnie HartmanThe Lillie 50%2BR,1BA$1,147

Best Value Apartments for Rent in Southside Indianapolis, IN

As of April 01, 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 553 N Oakland Ave Model at 553 N Oakland Ave, Unit 553 starting at $1,300 with a $1.04 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.
605 N Rural St, Unit 605605 N Rural St3BR,1.5BA$0.90
553 N Oakland Ave, Unit 553553 N Oakland Ave2BR,1BA$1.04
School 85A1BR,1BA$1.21
Line LoftsThe Intuition 60%2BR,1BA$1.36
Historic Irvington FlatsC2BR,1BA$1.47
Minnie HartmanThe Lillie 60%2BR,1BA$1.36
Spruce Manor Apartments1 Bed, 1 bath1BR,1BA$1.38
Dawson VillageRenovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$1.36
Saxony Court1BD - New Floors1BR,1BA$1.50
Courts Apartments1x1 Classic1BR,1BA$1.53

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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

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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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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 #199

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Southside Indianapolis Apartments

What is the Cheapest Studio apartment in Southside Indianapolis?

Currently the most affordable Cheap Studio Apartment in Southside Indianapolis is at D&T Nest listed at $575.

How much is rent for a Cheap One Bedroom Southside Indianapolis Apartment?

The lowest price for a Cheap One Bedroom Southside Indianapolis Apartment is $839 at Courts Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Southside Indianapolis is starting from $875 at Saxony Court.

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.