Cheap Apartments for Rent in the Old Southside Neighborhood of Indianapolis, IN from $1,000 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Old 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.

Old 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!

Old Southside, Indianapolis, IN Local Guide

Cheapest Available Old Southside Apartments for Rent

 

The cheapest available apartment rental in the Old Southside area of Indianapolis, IN is a Studio unit found at Artistry Indy priced from $1,033. 9 on Canal has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Old Southside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Artistry IndyEdie (EcoSuite)Studio,1BA$1,033
9 on CanalStockholm1BR,1BA$1,195
Lofts on MadisonStudioStudio,1BA$1,199
Rise on MeridianThe AmeliaStudio,1BA$1,205
Industry IndianapolisStudio - SaStudio,1BA$1,341

Best Value Apartments for Rent in Old Southside, IN

As of April 18, 2025 the best value apartment in the Old Southside area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Old Southside apartment is the A4- One Bedroom with Den Model at Ardmore Apartments starting at $1,740 with a $2.14 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Old Southside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Ardmore ApartmentsA4- One Bedroom with Den1BR,1BA$2.14
Slate ApartmentsC- One Bedroom1BR,1BA$2.30
9 on CanalAmsterdam - Lux1BR,1BA$2.51
Artistry IndyGala1BR,1BA$2.57
CityWayClark1BR,1BA$2.56
Industry Indianapolis1BR/1BA - A11BR,1BA$4.01
220 MeridianS1aStudio ,1BA$4.01
Lofts on MadisonStudioStudio ,1BA$2.40
Rise on MeridianThe AmeliaStudio ,1BA$3.01

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Old Southside, Indianapolis, IN

Ranked #103

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Old Southside Neighborhood in Indianapolis, IN

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

71 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Old Southside Apartments

What is the Cheapest Studio apartment in Old Southside?

Currently the most affordable Cheap Studio Apartment in Old Southside is at Artistry Indy listed at $1,060.

How much is rent for a Cheap One Bedroom Old Southside Apartment?

The lowest price for a Cheap One Bedroom Old Southside Apartment is $1,195 at 9 on Canal.

What is the lowest price for a Cheap Two Bedroom Old Southside Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Southside is starting from $1,600 at 9 on Canal.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.