Cheap Apartments for Rent in the Summerfield South Neighborhood of Indianapolis, IN from $500 (23 Rentals)

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

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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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

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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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
Showing Results 1-23, Page 1 of 1

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 Studio unit found at The Stratford priced from $520. Marabou Mills has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Summerfield South apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$520
Marabou MillsStudioStudio,1BA$740
Wylde at Eagle CreekEagles Nest1BR,1BA$745
Fishermans VillageCobalt1BR,1BA$769
Brickyard FlatsA21BR,1BA$787

Best Value Apartments for Rent in Summerfield South, IN

As of November 01, 2025 the best value apartment in the Summerfield South area is the $1.12 price per square foot 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Home For Rent in the in the Cheswick Place neighborhood starting from $2,695. The second greatest value Summerfield South apartment is the 3x1.5 Townhouse Premium Model at The Meadows Apartment Homes starting at $1,519 with a $1.20 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.
5831 Suburban Dr, Unit Home For Rent5831 Suburban Dr5BR,2.5BA$1.12
The Meadows Apartment Homes3x1.5 Townhouse Premium3BR,1.5BA$1.20
Eagle CreekShine1BR,1BA$1.19
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Fishermans VillageSapphire2BR,2BA$1.08
Villa Del Sol ApartmentsSpacious one bed one bathroom apartment1BR,1BA$1.04
The Life at White PinesPINE1BR,1BA$1.19
Brickyard FlatsA11BR,1BA$1.27
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.23
Wylde at Eagle CreekEagles Nest1BR,1BA$1.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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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Pet Friendly Lifestyle
Summerfield South, Indianapolis, IN

Ranked #52

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
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 $825.

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

The cheapest apartment in Summerfield South is Wylde at Eagle Creek which is listed at $745, while the average apartment in Summerfield South costs $2,695.

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 67 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 $230 which is $2,465 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.