
Cheap Homes for Rent in Southdale Neighborhood of Indianapolis, IN from $1,600 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Southdale area of Indianapolis.


5220 Southdale Dr

5910 Rahke Rd
Southdale
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Southdale, Indianapolis, IN Local Guide

How much does it cost to rent a home in Southdale?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southdale 3 Bedroom Homes for Rent | $1,755 | $1,675 | $1,840 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Southdale Neighborhood of Indianapolis, IN.
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Southdale, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in Southdale, IN
As of March 28, 2025 the best value apartment in the Southdale area is the $1.06 price per square foot 7024 Ira Ct Model at 7024 Ira Ct in the in the Southern Homes neighborhood starting from $1,929. The second greatest value Southdale apartment is the Riversong + Garage Model at Southern Dunes starting at $1,638 with a $1.37 price per square foot in the Southern Wayne neighborhood. Here is today’s list of the best values for Southdale apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
7024 Ira Ct | 7024 Ira Ct | 4BR,3BA | $1.06 |
Southern Dunes | Riversong + Garage | 2BR,2BA | $1.37 |
Dakota Ridge | Yellowstone | 2BR,2BA | $1.27 |
Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.32 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.22 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.33 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
Murphy's Landing | The Wake | 1BR,1BA | $1.55 |
City Heights | 1A | 1BR,1BA | $1.44 |
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 Southdale
What type of rentals are currently available in Southdale?
There are currently 15 Apartments for Rent in Southdale, IN with pricing that ranges from $794 to $2,997. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southdale ranging from $1,675 to $1,840.
What is the current price range for Rental Homes in Southdale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southdale ranges from $1,675 to $1,840 with an average monthly rent of $1,755.
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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.