Cheap Apartments for Rent in the Near Southside Neighborhood of Indianapolis, IN from $400 (28 Rentals)

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

Near Southside

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

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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
  • Utilities Included
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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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Mayleeno
1 Bedroom Apartments

Mayleeno

416 E Vermont PlIndianapolis, IN 46202
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520 E Washington St
Studio to 2 Bedroom Apartments

520 E Washington St

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

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
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Blacherne Apartments
1 to 2 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Wexford on the Park
1 to 2 Bedroom Apartments

Wexford on the Park

38 Miley AveIndianapolis, IN 46222
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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. Devonshire Apartments in Downtown Indianapolis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Country Club ApartmentsStudioStudio,1BA$699
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
Madison Lofts1x1 650sf1BR,1BA$899
Artistry IndyEdie (EcoSuite)Studio,1BA$932
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Five Twenty VirginiaDStudio,1BA$1,065
The AssemblyCylinder - Workforce1BR,1BA$1,175
The VueSTUDIO APARTMENTStudio,1BA$1,180
Emhardt Apartments1BR/1.0BA1BR,1BA$1,195
2806 Dietz St2806 Dietz St3BR,1BA$1,195

Best Value Apartments for Rent in Near Southside, IN

As of April 06, 2025 the best value apartment in the Near Southside area is the $0.73 price per square foot 2608 Madison Ave Model at 2608 Madison Ave, Unit Madison in the in the Concord neighborhood starting from $1,600. The second greatest value Near Southside apartment is the 352 N Arsenal Ave Model at 352 N Arsenal Ave starting at $2,050 with a $1.14 price per square foot in the Riley 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.
2608 Madison Ave, Unit Madison2608 Madison Ave3BR,2BA$0.73
352 N Arsenal Ave352 N Arsenal Ave3BR,1.5BA$1.14
The Block3 Bedroom 2 Bath3BR,2BA$1.24
2806 Dietz St2806 Dietz St3BR,1BA$1.00
Penn Street Tower ApartmentsSenate2BR,1BA$1.37
405 Sanders St, Unit A405 Sanders St2BR,1BA$1.40
Line LoftsThe Inspiration 60%2BR,1BA$1.42
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Madison Lofts1x1 650sf1BR,1BA$1.38
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.

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Pet Friendly Lifestyle
Near Southside, Indianapolis, IN

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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 $840 at Devonshire Apartments in Downtown Indianapolis.

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 2806 Dietz St and starts from $1,195.

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.

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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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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.