
Cheap Apartments for Rent in the Near Southside Neighborhood of Indianapolis, IN from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near Southside area of Indianapolis.


Devonshire Apartments in Downtown Indianapolis

Welcome to Dawson Village – Welcome Home!

Maxwell Apartments

1354 Shelby St

Edge 35

Five Twenty Virginia

937-939 Church St

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

The Assembly

Emhardt Apartments

Lofts on Madison

Gathyr Apartments

Residence on Penn

2806 Dietz St
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 | $1,461 | $699 | $2,973 |
Near Southside 1 Bedroom Apartments | $1,754 | $749 | $3,646 |
Near Southside 2 Bedroom Apartments | $2,354 | $945 | $7,871 |
Near Southside 3 Bedroom Apartments | $3,141 | $1,499 | $8,137 |
Browse Apartments in this Neighborhood
There are currently 28 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
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Country Club Apartments | Studio | Studio,1BA | $699 |
Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $840 |
Madison Lofts | 1x1 650sf | 1BR,1BA | $899 |
Artistry Indy | Edie (EcoSuite) | Studio,1BA | $932 |
Line Lofts | The Inspiration 60% HOME | 2BR,1BA | $962 |
Five Twenty Virginia | D | Studio,1BA | $1,065 |
The Assembly | Cylinder - Workforce | 1BR,1BA | $1,175 |
The Vue | STUDIO APARTMENT | Studio,1BA | $1,180 |
Emhardt Apartments | 1BR/1.0BA | 1BR,1BA | $1,195 |
2806 Dietz St | 2806 Dietz St | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2608 Madison Ave, Unit Madison | 2608 Madison Ave | 3BR,2BA | $0.73 |
352 N Arsenal Ave | 352 N Arsenal Ave | 3BR,1.5BA | $1.14 |
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
2806 Dietz St | 2806 Dietz St | 3BR,1BA | $1.00 |
Penn Street Tower Apartments | Senate | 2BR,1BA | $1.37 |
405 Sanders St, Unit A | 405 Sanders St | 2BR,1BA | $1.40 |
Line Lofts | The Inspiration 60% | 2BR,1BA | $1.42 |
Lockerbie Flats | 1 Bedroom | 1BR,2BA | $1.48 |
Madison Lofts | 1x1 650sf | 1BR,1BA | $1.38 |
Country Club Apartments | Studio | Studio ,1BA | $1.56 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleNear Southside, Indianapolis, IN
Ranked #11
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 $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.

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.

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.

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.

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.