Cheap Homes for Rent in Southside Indianapolis Neighborhood of Indianapolis, IN from $500 (45 Rentals)

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

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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property at 423 Villa Ave

423 Villa Ave

IndianapolisIN46201

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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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 1 Bed unit found at The Courts Apartment Homes priced from $799. Minnie Hartmann Center has the second lowest priced unit, which is a 2 Beds apartment currently listed from $931. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Courts Apartment Homes1 Bedroom 1 Bath Apartment1BR,1BA$799
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Remodel2BR,1BA$975
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - TOWN HOME2BR,1BA$999
School 85Schoolhouse Flats in Irvington 1 bedroom Reserv...1BR,1BA$1,159
The AssemblyCylinder - Workforce1BR,1BA$1,175
City's EndDubai 2 1.11BR,1BA$1,335

Best Value Apartments for Rent in Southside Indianapolis, IN

As of September 19, 2025 the best value apartment in the Southside Indianapolis area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Southside Indianapolis apartment is the 2 Bed 1.5 Bath Model at Fountain Square Townhomes starting at $1,619 with a $1.35 price per square foot in the Concord 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 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
607 N Rural St, Unit 607 N Rural St607 N Rural St3BR,1.5BA$1.00
Line LoftsThe Intuition 60%2BR,1BA$1.53
216 N Summit St, Unit A216 N Summit St1BR,1BA$1.50
1641 E Michigan St, Unit B1641 E Michigan St2BR,1BA$1.45
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
50 - SAXONY COURT APARTMENTSLeasing Specials2BR,1BA$1.28
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.56
The Courts Apartment Homes1 Bedroom 1 Bath Apartment1BR,1BA$1.39

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 #237

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 Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 132 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $563 to $9,129. There are also 154 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $595 to $6,000.

What is the current price range for Rental Homes in Southside Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southside Indianapolis ranges from $595 to $6,000 with an average monthly rent of $1,879.

How much are larger Three and Four Bedroom Rentals in Southside Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southside Indianapolis range from $1,000 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,545 and Four Bedroom Apartments start at $6,626.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.