Cheap Apartments for Rent in the Southside Indianapolis Neighborhood of Greenwood, IN from $300 (36 Rentals)

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

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Main Street Commons
1 to 2 Bedroom Apartments

Main Street Commons

635 E Main StGreenwood, IN 46143
Senior Living
  • Utilities Included
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Beacon Pointe Apartments
1 to 3 Bedroom Apartments

Beacon Pointe Apartments

1206 Beacon Pointe DrGreenwood, IN 46143
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Breeza 32 Apartments
2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
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Blackstone
2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

7248 W Stones Crossing RdGreenwood, IN 46143
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Somerset Place
Studio to 2 Bedroom Apartments

Somerset Place

136 Somerset DrGreenwood, IN 46143
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
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Estate View
1 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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Encore Apartments
Studio to 1 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
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Valley Brook MHC
3 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
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Southside Indianapolis, Greenwood, IN Local Guide

Cheapest Available Southside Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southside Indianapolis area of Greenwood, IN is a Studio unit found at Waterbury Apartments priced from $750. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $770. Here are the most affordable Southside Indianapolis apartments for rent in Greenwood, IN:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$750
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$770
Polo Run ApartmentsThe Shetland StudioStudio,1BA$790
Buckridge at Southport1BR/1.0BA1BR,1BA$825
South & MadisonE2Studio,1BA$840
Windsor CourtDeluxe One Bedroom (AN)1BR,1BA$840
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$899
Brookwood ApartmentsElm1BR,1BA$902
The SycamoresA1 The Sycamores 1/11BR,1BA$950

Best Value Apartments for Rent in Southside Indianapolis, IN

As of April 25, 2025 the best value apartment in the Southside Indianapolis area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Southside Indianapolis apartment is the 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK starting at $1,299 with a $0.93 price per square foot in the Thompson-Edgewood 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.
The Links at FranklinL3-SUN3BR,2BA$1.16
SOUTHPORT AT BUCK CREEK2 Bedroom Townhome2BR,1.5BA$0.93
Sherman VillageTownhome3BR,1.5BA$1.00
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.14
Park Madison Apartments2x22BR,2BA$0.93
Strawbridge GreenMadison2BR,1.5BA$1.03
Oak ParkForest1BR,1BA$1.12
Auburn Place ApartmentsMahogany2BR,1BA$1.10
Copper Chase at Stones CrossingBismuth1BR,1BA$1.17
Buckridge at Southport1BR/1.0BA1BR,1BA$1.15

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Pet Friendly Lifestyle
Southside Indianapolis, Greenwood, IN

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Southside Indianapolis Neighborhood in Greenwood, IN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Southside Indianapolis Apartments

What is the Cheapest Studio apartment in Southside Indianapolis?

Currently the most affordable Cheap Studio Apartment in Southside Indianapolis is at Waterbury Apartments listed at $750.

How much is rent for a Cheap One Bedroom Southside Indianapolis Apartment?

The lowest price for a Cheap One Bedroom Southside Indianapolis Apartment is $825 at Buckridge at Southport.

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

Today's best deal for a Cheap Two Bedroom Apartment in Southside Indianapolis is starting from $985 at Windsor Court.

What is the most affordable Southside Indianapolis Three Bedroom Apartment?

The best deal on a cheap Southside Indianapolis Three Bedroom Apartment rental is at Berkley Commons and starts from $1,130.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.