Cheap Apartments for Rent in the Summerfield South Neighborhood of Indianapolis, IN from $700 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Summerfield South area of Indianapolis.

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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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

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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Brickyard Flats
1 to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
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Summerfield South, Indianapolis, IN Local Guide

Cheapest Available Summerfield South Apartments for Rent

 

The cheapest available apartment rental in the Summerfield South area of Indianapolis, IN is a 1 Bed unit found at Mariners Village priced from $852. Fishermans Village has the second lowest priced unit, which is a Studio apartment currently listed from $905. Here are the most affordable Summerfield South apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Mariners VillageStudio1BR,1BA$852
Fishermans VillageAquaStudio,1BA$905
Marabou MillsStudioStudio,1BA$925
The Maywood at SpeedwayThe Vesuvio1BR,1BA$930
Deercross ApartmentsSpruce1BR,1BA$970

Best Value Apartments for Rent in Summerfield South, IN

As of May 24, 2025 the best value apartment in the Summerfield South area is the $1.26 price per square foot Redbud Model at Park at Eagle Creek in the in the Timberview neighborhood starting from $1,596. The second greatest value Summerfield South apartment is the The Monroe Townhome Model at The Maywood at Speedway starting at $1,450 with a $1.39 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Summerfield South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park at Eagle CreekRedbud3BR,2BA$1.26
The Maywood at SpeedwayThe Monroe Townhome2BR,1.5BA$1.39
10 West ApartmentsThe Broadway2BR,2BA$1.31
Eagle Lake LandingThe Islander1BR,1BA$1.46
Enclave at Eagle Creek ApartmentsThe Eyrie1BR,1BA$1.54
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.42
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.49
The HermitageThe Retreat1BR,1BA$1.56
Deercross ApartmentsSpruce1BR,1BA$1.48
Mariners VillageStudioStudio ,1BA$1.41

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Pet Friendly Lifestyle
Summerfield South, Indianapolis, IN

Ranked #93

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Summerfield South, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Indiana and customized analysis for West Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Summerfield South Apartments

What is a cheap apartment in Summerfield South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Summerfield South is under $1,060.

What is the price of a cheap apartment in Summerfield South?

The cheapest apartment in Summerfield South is Mariners Village which is listed at $852, while the average apartment in Summerfield South costs $2,435.

What types of apartments are the cheapest in Summerfield South?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Summerfield South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Summerfield South?

Cheap apartments in Summerfield South have an average cost of $123 which is $2,312 cheaper than the average rent for all rentals in Summerfield South.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.