Cheap Apartments for Rent in the Near Southside Neighborhood of Indianapolis, IN from $400 (45 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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 the Near Southside area of Indianapolis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
close
View Me
Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
  • Utilities Included
close
View Me
Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
  • Utilities Included
close
View Me
Line Lofts
2 Bedroom Apartments

Line Lofts

1145 E Washington StIndianapolis, IN 46202
Senior Living
close
View Me
1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

Near Southside - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Read Article
close
View Me
520 E Washington St
Studio to 2 Bedroom Apartments

520 E Washington St

520 E Washington StIndianapolis, IN 46204
close
View Me
Ohio Street TownHomes
1 to 3 Bedroom Apartments

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
  • Utilities Included
close
View Me
550 Fletcher Ave
2 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
close
View Me
Blacherne Apartments
1 to 2 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
  • Utilities Included
close
View Me
The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
Showing Results 1-45, Page 1 of 1

Near Southside, Indianapolis, IN Local Guide

Cheapest Available Near Southside Apartments for Rent

 

The cheapest available apartment rental in the Near Southside area of Indianapolis, IN is a Studio unit found at Country Club Apartments priced from $699. Welcome to Dawson Village – Welcome Home! has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,095. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Country Club ApartmentsStudioStudio,1BA$699
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Renovated Townhome2BR,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099
Canal SquareArch1BR,1BA$1,117
Edge 35S2Studio,1BA$1,159
Line LoftsThe Inspiration 50%2BR,1BA$1,180
Gathyr ApartmentsBatesStudio,1BA$1,199
Residence on Penn0BR/1.0BAStudio,1BA$1,199
Indy Colonial ApartmentsOne Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Near Southside, IN

As of May 10, 2025 the best value apartment in the Near Southside area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Near Southside apartment is the Park Avenue Model at The Pointe on Mass starting at $2,370 with a $1.56 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Near Southside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$1.08
The Pointe on MassPark Avenue2BR,2BA$1.56
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Wheeler LoftsT1BR,1BA$1.79
Line LoftsThe Intuition 60%2BR,1BA$1.53
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Renovated Townhome2BR,1BA$1.22
The E'LaanThe Vonnegut II1BR,1BA$1.68
949 Prospect St, Unit Up949 Prospect St2BR,1BA$1.59
Country Club ApartmentsStudioStudio ,1BA$1.56

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

Pet Friendly Lifestyle
Near Southside, Indianapolis, IN

Ranked #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Near Southside Neighborhood in Indianapolis, IN

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Near Southside Apartments

What is the Cheapest Studio apartment in Near Southside?

Currently the most affordable Cheap Studio Apartment in Near Southside is at Country Club Apartments listed at $699.

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

The lowest price for a Cheap One Bedroom Near Southside Apartment is $1,197 at Canal Square.

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

Today's best deal for a Cheap Two Bedroom Apartment in Near Southside is starting from $945 at Country Club Apartments.

What is the most affordable Near Southside Three Bedroom Apartment?

The best deal on a cheap Near Southside Three Bedroom Apartment rental is at The Continental Towers at Vermont Place and starts from $2,495.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.