Cheap Apartments for Rent in the Southdale Neighborhood of Indianapolis, IN from $700 (7 Rentals)

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

Cheap Apartments in the Southdale area of Indianapolis.

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.

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.

Southdale - 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!

close
View Me
Estate View
1 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227

Southdale, Indianapolis, IN Local Guide

Cheapest Available Southdale Apartments for Rent

 

The cheapest available apartment rental in the Southdale area of Indianapolis, IN is a 1 Bed unit found at The Sycamores priced from $950. Thompson Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $955. Here are the most affordable Southdale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The SycamoresA1 The Sycamores 1/11BR,1BA$950
Thompson Village Apartments.One Bedroom Apartment1BR,1BA$955
Brookwood ApartmentsEvergreen Three1BR,1BA$970

Best Value Apartments for Rent in Southdale, IN

As of May 08, 2025 the best value apartment in the Southdale area is the $1.32 price per square foot Yellowstone Model at Dakota Ridge in the in the Southern Homes neighborhood starting from $1,365. The second greatest value Southdale apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,372 with a $1.39 price per square foot in the Concord neighborhood. Here is today’s list of the best values for Southdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dakota RidgeYellowstone2BR,2BA$1.32
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.39
The SycamoresB2 The Spruce 2/22BR,2BA$1.38
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.27
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.35
Creek Bay1Bed/1Bath Large1BR,1BA$1.46
The SterlingThe Lexington1BR,1BA$1.32
Southern DunesEcho1BR,1BA$1.76
City Heights1A1BR,1BA$1.44
Thompson Village ApartmentsOne Bedroom Apartment.1BR,1BA$1.72

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
Southdale, Indianapolis, IN

Ranked #141

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Southdale Neighborhood in Indianapolis, IN

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

20 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Southdale Apartments

What is the price of a cheap apartment in Southdale?

The cheapest apartment in Southdale is The Sycamores which is listed at $950, while the average apartment in Southdale costs $1,929.

What types of apartments are the cheapest in Southdale?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Southdale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southdale?

Cheap apartments in Southdale have an average cost of $140 which is $1,789 cheaper than the average rent for all rentals in Southdale.

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 The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.