Cheap Homes for Rent in Southside Indianapolis Neighborhood of Indianapolis, IN from $500 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-47, Page 1 of 1

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 2 Beds unit found at 50 - SAXONY COURT APARTMENTS priced from $875. 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
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$946
School 85Schoolhouse Flats in Irvington 1 bedroom Reserv...1BR,1BA$1,159
The AssemblyCylinder - Workforce1BR,1BA$1,175
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1,200
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1BA$1,619

Best Value Apartments for Rent in Southside Indianapolis, IN

As of August 02, 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
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.21
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.71
The AssemblySprocket1BR,1BA$2.24

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 127 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $700 to $9,050. There are also 121 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $595 to $4,799.

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 $4,799 with an average monthly rent of $1,744.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.