Cheap Apartments for Rent in Southport, IN from $500 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Southport.

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Blackstone
1 to 2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
close
View Me
Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
  • Utilities Included
close
View Me
Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
close
View Me
Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
  • Utilities Included
close
View Me
Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
close
View Me
South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
close
View Me
The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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.

Read Article
close
View Me
Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
close
View Me
Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

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.

Read Article
Showing Results 1-41, Page 1 of 1

Southport, IN Local Guide

Cheapest Available Southport Apartments for Rent and Nearby

 

The cheapest available apartment rental in Southport, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison in the Winchester Village neighborhood priced from $790. South & Madison in the Winchester Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here is today’s list of the most affordable Southport apartments for rent:

Apartment ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$790
South & MadisonE2Studio,1BA$809
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$824
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$839
SherbrookStudioStudio,1BA$845
The SterlingThe Lexington1BR,1BA$875
Buckridge at Southport1BR/1.0BA1BR,1BA$900
Parc Bordeaux ApartmentsStudioStudio,1BA$905
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$911
Polo Run ApartmentsThe Thoroughbred 2 BR 1 BA2BR,1BA$956

Best Value Apartments for Rent in Southport, IN and Nearby

As of May 14, 2026 the best value apartment in the Southport area is the $1.22 price per square foot Four Bedroom 2.5 Bath TH Model at Berkley Commons in the in the Winchester Village neighborhood starting from $1,675. The second greatest value Southport apartment is the 2x2 Model at Park Madison Apartments starting at $1,250 with a $1.09 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Southport apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Berkley CommonsFour Bedroom 2.5 Bath TH4BR,2.5BA$1.22
Park Madison Apartments2x22BR,2BA$1.09
Waterford Place ApartmentsThe Donegal2BR,1.5BA$1.23
Auburn Place2 Bedroom 1.5 Bath2BR,1.5BA$1.26
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Fountain Lake VillasThe Herrington2BR,1BA$1.27
South & MadisonB22BR,1BA$1.19
Martinique Terrace1 Bed/1 Ba Up Mini W/D1BR,1BA$1.18
The SterlingThe Lexington1BR,1BA$1.18
Buckridge at Southport1BR/1.0BA1BR,1BA$1.25

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Southport, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Southport, IN

View Map
Southport, IN Apartments Map
View Map
Southport, IN Rental Homes Map

Frequently Asked Questions about Cheap Southport Apartments

What is the Cheapest Studio apartment in Southport?

Currently the most affordable Cheap Studio Apartment in Southport is at 5700 Madison Apartments & Edgewood on Madison listed at $790.

How much is rent for a Cheap One Bedroom Southport Apartment?

The lowest price for a Cheap One Bedroom Southport Apartment is $824 at Windsor Court.

What is the lowest price for a Cheap Two Bedroom Southport Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southport is starting from $950 at The Sterling.

What is the most affordable Southport Three Bedroom Apartment?

The best deal on a cheap Southport Three Bedroom Apartment rental is at South & Madison and starts from $1,263.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.