
Cheap Apartments for Rent in the Near Southside Neighborhood of Indianapolis, IN from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near Southside area of Indianapolis.


Country Club Apartments

Welcome to Dawson Village – Welcome Home!

Devonshire Apartments in Downtown Indianapolis

1134 Blaine Ave

Edge 35

Forte Apartments
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.

Lofts on Madison

Canal Square

1501 S Meridian St

Maxwell Apartments

2238 Ransdell St

Wheeler Lofts

Artistry Indy

1005 Sanders St
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Gathyr Apartments

Residence on Penn

402 N Delaware St

Indy Colonial Apartments

126 E Vermont St
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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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!
Near Southside, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Near Southside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Near Southside Studio Apartments | $1,513 | $699 | $3,684 |
Near Southside 1 Bedroom Apartments | $1,790 | $475 | $4,292 |
Near Southside 2 Bedroom Apartments | $2,529 | $899 | $9,463 |
Near Southside 3 Bedroom Apartments | $3,284 | $1,300 | $9,674 |
Near Southside 4 Bedroom Apartments | $1,750 | $1,750 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Near Southside Neighborhood of Indianapolis, IN.
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Near Southside, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $925. Here are the most affordable Near Southside apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Country Club Apartments | Studio | Studio,1BA | $699 |
Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $925 |
Line Lofts | The Inspiration 60% HOME | 2BR,1BA | $962 |
Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $990 |
Madison Lofts | 1x1 585sf | 1BR,1BA | $999 |
Lofts on Madison | Studio | Studio,1BA | $1,099 |
Canal Square | Arch | 1BR,1BA | $1,117 |
Artistry Indy | Pop | 1BR,1BA | $1,199 |
Gathyr Apartments | Bates | Studio,1BA | $1,199 |
Residence on Penn | 0BR/1.0BA | Studio,1BA | $1,199 |
Best Value Apartments for Rent in Near Southside, IN
As of May 18, 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 $2,299 with a $1.52 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Shoemaker Building | loft | 2BR,2BA | $1.08 |
The Pointe on Mass | Park Avenue | 2BR,2BA | $1.52 |
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Wheeler Lofts | T | 1BR,1BA | $1.79 |
Line Lofts | The Intuition 60% | 2BR,1BA | $1.53 |
Lockerbie Flats | 1 Bedroom | 1BR,2BA | $1.48 |
The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.79 |
1302 Pleasant St, Unit B | 1302 Pleasant St | 1BR,1BA | $1.80 |
Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $1.32 |
Country Club Apartments | Studio | Studio ,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.
Pet Friendly LifestyleNear Southside, Indianapolis, IN
Ranked #13
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $990 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 $925 at Welcome to Dawson Village – Welcome Home!.
What is the most affordable Near Southside Three Bedroom Apartment?
The best deal on a cheap Near Southside Three Bedroom Apartment rental is at 220 Meridian and starts from $3,807.
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.

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.

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.

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.

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.