Cheap Homes for Rent in Southside Indianapolis Neighborhood of Indianapolis, IN from $500 (34 Rentals)

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

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 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 2 Beds unit found at Courts Apartments priced from $700. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$700
Madison Lofts1x1 583sf1BR,1BA$830
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875
Beech Meadow ApartmentsBirch1BR,1BA$922
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Artistry IndyJacquelineStudio,1BA$1,032
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Renovated Townhome2BR,1BA$1,095
School 85Schoolhouse Flats in Irvington 1 bedroom Reserv...1BR,1BA$1,159
Line LoftsThe Inspiration 50%2BR,1BA$1,180

Best Value Apartments for Rent in Southside Indianapolis, IN

As of June 18, 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 1641 E Michigan St Model at 1641 E Michigan St, Unit C starting at $1,550 with a $1.31 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 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
1641 E Michigan St, Unit C1641 E Michigan St2BR,1BA$1.31
1920 E Washington St, Unit 201920 E Washington St3BR,1.5BA$1.18
Line LoftsThe Inspiration 60%2BR,1BA$1.53
Beech Meadow ApartmentsHickory2BR,1BA$1.31
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$0.90
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.71
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60

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Frequently Asked Questions about Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 131 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $650 to $12,260. There are also 121 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $595 to $3,500.

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 $3,500 with an average monthly rent of $1,758.

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 $1,010 to $9,136, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,470.

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.

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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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.