
Cheap Apartments for Rent in the Old Southside Neighborhood of Indianapolis, IN from $1,000 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Southside area of Indianapolis.


937-939 Church St

Lofts on Madison

Rise on Meridian

Slate Apartments
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.

Industry Indianapolis

CityWay

Ardmore Apartments

Hinge Apartments

501 Madison Ave
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

How much does it cost to rent an apartment in Old Southside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Southside Studio Apartments | $1,535 | $1,033 | $3,644 |
Old Southside 1 Bedroom Apartments | $1,990 | $1,095 | $4,012 |
Old Southside 2 Bedroom Apartments | $2,917 | $1,495 | $8,637 |
Old Southside 3 Bedroom Apartments | $3,187 | $2,199 | $6,168 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Old Southside Neighborhood of Indianapolis, IN.
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Old Southside, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Artistry Indy | Edie (EcoSuite) | Studio,1BA | $1,033 |
9 on Canal | Stockholm | 1BR,1BA | $1,195 |
Lofts on Madison | Studio | Studio,1BA | $1,199 |
Rise on Meridian | The Amelia | Studio,1BA | $1,205 |
Industry Indianapolis | Studio - Sa | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Ardmore Apartments | A4- One Bedroom with Den | 1BR,1BA | $2.14 |
Slate Apartments | C- One Bedroom | 1BR,1BA | $2.30 |
9 on Canal | Amsterdam - Lux | 1BR,1BA | $2.51 |
Artistry Indy | Gala | 1BR,1BA | $2.57 |
CityWay | Clark | 1BR,1BA | $2.56 |
Industry Indianapolis | 1BR/1BA - A1 | 1BR,1BA | $4.01 |
220 Meridian | S1a | Studio ,1BA | $4.01 |
Lofts on Madison | Studio | Studio ,1BA | $2.40 |
Rise on Meridian | The Amelia | Studio ,1BA | $3.01 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOld Southside, Indianapolis, IN
Ranked #103
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 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.

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.

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.

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.