
Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $600 (30 Rentals)
Search the lowest-cost Homes available for rent right now in the Near Southside area of Indianapolis.


4 E Washington St

2179 S Delaware St

1329 E Market St

2340 Calhoun St

1836 E Minnesota St

2527 Shelby St
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.

1940 Shelby St

1910 Southeastern Ave

1720 Union St, Unit 1

1757 Howard St

2826 S Pennsylvania St

1948 Shelby St

1609 S Randolph St
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.

2002 Shelby St

2948 Shelby St

1604 E Legrande Ave

336 Prospect St

340 Prospect St

2519 Southeastern Ave

1134 Blaine Ave
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.

2409 1/2 E Washington St

1803 Westview Dr

1759 Howard St

37 N Randolph St

2106 Singleton St

2034 Singleton St

1402 E Kelly St
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!

926 Elm St

1632 Orange St
Near Southside, Indianapolis, IN Local Guide

How much does it cost to rent a home in Near Southside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Near Southside 2 Bedroom Homes for Rent | $1,738 | $906 | $3,850 |
Near Southside 3 Bedroom Homes for Rent | $1,928 | $1,025 | $6,200 |
Near Southside 4 Bedroom Homes for Rent | $2,408 | $1,600 | $3,000 |
Near Southside 5 Bedroom Homes for Rent | $2,322 | $1,950 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 30 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. 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 |
Lofts on Madison | Studio | Studio,1BA | $1,099 |
Gathyr Apartments | Bates | Studio,1BA | $1,199 |
Residence on Penn | 0BR/1.0BA | Studio,1BA | $1,199 |
Indy Colonial Apartments | One Bedroom | 1BR,1BA | $1,200 |
Rise on Meridian | The Amelia | Studio,1BA | $1,210 |
The Vue | STUDIO APARTMENT | Studio,1BA | $1,264 |
Best Value Apartments for Rent in Near Southside, IN
As of May 14, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Shoemaker Building | loft | 2BR,2BA | $1.08 |
The Pointe on Mass | Park Avenue | 2BR,2BA | $1.56 |
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Lockerbie Lofts | The Tate | 2BR,2BA | $1.79 |
Wheeler Lofts | T | 1BR,1BA | $1.79 |
Line Lofts | The Intuition 60% | 2BR,1BA | $1.53 |
Lockerbie Flats | 1 Bedroom | 1BR,2BA | $1.48 |
949 Prospect St, Unit Up | 949 Prospect St | 2BR,1BA | $1.59 |
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.
Frequently Asked Questions about Near Southside
What type of rentals are currently available in Near Southside?
There are currently 168 Apartments for Rent in Near Southside, IN with pricing that ranges from $475 to $15,180. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Southside ranging from $695 to $6,200.
What is the current price range for Rental Homes in Near Southside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Near Southside ranges from $695 to $6,200 with an average monthly rent of $1,820.
How much are larger Three and Four Bedroom Rentals in Near Southside?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Near Southside range from $1,300 to $8,833, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,790.
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.