Cheap Homes for Rent in Near Southside Neighborhood of Indianapolis, IN from $600 (28 Rentals)

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

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.

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!

property at 2231 Union St

2231 Union St

IndianapolisIN46225
property at 1803 Wilcox St

1803 Wilcox St

IndianapolisIN46222

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
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Artistry IndyEdie (EcoSuite)Studio,1BA$1,060
Five Twenty VirginiaDStudio,1BA$1,065
Canal SquareArch1BR,1BA$1,117
Edge 35S2Studio,1BA$1,159
The VueSTUDIO APARTMENTStudio,1BA$1,170
The AssemblyCylinder - Workforce1BR,1BA$1,175
Emhardt Apartments1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Near Southside, IN

As of April 17, 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 3 Bedroom 2 Bath Model at The Block starting at $2,199 with a $1.24 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
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Maxwell ApartmentsLondon2BR,2BA$1.26
Penn Street Tower ApartmentsSenate: Floors 10-122BR,1BA$1.37
405 Sanders St, Unit A405 Sanders St2BR,1BA$1.35
Indy Colonial ApartmentsTwo Bedroom2BR,1BA$1.30
Line LoftsThe Intuition 60%2BR,1BA$1.42
Lockerbie Flats1 Bedroom1BR,2BA$1.48
The E'LaanThe Vonnegut II1BR,1BA$1.63
Country Club ApartmentsStudioStudio ,1BA$1.56

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Frequently Asked Questions about Near Southside

What type of rentals are currently available in Near Southside?

There are currently 165 Apartments for Rent in Near Southside, IN with pricing that ranges from $435 to $16,560. There are also 116 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 $1,804.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.