Cheap Homes for Rent in Summerfield South Neighborhood of Indianapolis, IN from $900 (6 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

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 Cambridge Commons priced from $759. Garden Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Summerfield South apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$759
Garden Pointe ApartmentsLily StudioStudio,1BA$795
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$806

Best Value Apartments for Rent in Summerfield South, IN

As of June 06, 2026 the best value apartment in the Summerfield South area is the $0.96 price per square foot Three Bedroom Townhome (T3) Model at Darby Court in the in the Speedway Wellhead neighborhood starting from $1,482. The second greatest value Summerfield South apartment is the 2 Bedroom 1 Bathroom Model at Mariners Village Apartments starting at $1,164 with a $0.98 price per square foot in the Timberview 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.
Darby CourtThree Bedroom Townhome (T3)3BR,2.5BA$0.96
Mariners Village Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
Villa Del Sol Apartments?? Your Perfect 3 Bed / 1.5 Bath Small Townhome3BR,1.5BA$1.20
The AbbyThe Berkshire2BR,2BA$1.18
The Maywood at SpeedwayThe Concord2BR,1BA$1.17
Brickyard FlatsB12BR,1BA$1.21
The Life at Northwest Gardens2 BED 1 BATH2BR,1BA$1.22
The Stratford ApartmentsOne Bed One Bath- Large1BR,1BA$1.25
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR,1BA$1.28
The Life at White PinesPINE1BR,1BA$1.22

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

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.

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Pet Friendly Lifestyle
Summerfield South, Indianapolis, IN

Ranked #39

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 Summerfield South

What type of rentals are currently available in Summerfield South?

There are currently 56 Apartments for Rent in Summerfield South, IN with pricing that ranges from $689 to $3,268. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summerfield South ranging from $950 to $2,025.

What is the current price range for Rental Homes in Summerfield South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Summerfield South ranges from $950 to $2,025 with an average monthly rent of $1,446.

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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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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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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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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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.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.