Cheap Homes for Rent in Southside Indianapolis Neighborhood of Greenwood, IN from $800 (19 Rentals)

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

property at 742 Loews Blvd

742 Loews Blvd

GreenwoodIN46142
property at 1038 Mustang Ct

1038 Mustang Ct

FranklinIN46131
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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
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$784
Polo Run ApartmentsThe Shetland StudioStudio,1BA$811
Emerson VillageThe Cardinal - Premium1BR,1BA$831

Best Value Apartments for Rent in Southside Indianapolis, IN

As of April 08, 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 D1r Model at Brixin Franklin starting at $1,595 with a $1.20 price per square foot in the Cityview Farm 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
Brixin FranklinD1r3BR,2BA$1.20
Sherman VillageTownhome3BR,1.5BA$0.88
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.14
Meridian OaksThe Cedar3BR,2BA$1.14
Strawbridge GreenStrawbridge2BR,1BA$1.05
Oak ParkTimber2BR,1BA$1.11
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.22
Auburn Place ApartmentsMahogany2BR,1BA$1.15
Copper Chase at Stones CrossingBismuth1BR,1BA$1.13

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Frequently Asked Questions about Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 195 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $325 to $4,007. There are also 228 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $845 to $3,100.

What is the current price range for Rental Homes in Southside Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southside Indianapolis ranges from $845 to $3,100 with an average monthly rent of $1,831.

How much are larger Three and Four Bedroom Rentals in Southside Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southside Indianapolis range from $1,030 to $4,007, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,799. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,710.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.