Cheap Homes for Rent in the Southside Indianapolis Neighborhood of Indianapolis, IN from $525 (51 Rentals)

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

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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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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
Minnie HartmanThe Lillie 40%2BR,1BA$887
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$1,109

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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Quick Rent Budget Calculator

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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 #179

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 Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 161 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $570 to $14,232. There are also 195 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $525 to $5,500.

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 $525 to $5,500 with an average monthly rent of $1,494.

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 $1,025 to $2,375, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,285 and Four Bedroom Apartments start at $1,195.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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

Written by: Robin Stewart

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

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.