Cheap Apartments for Rent in the Southeast Indianapolis Neighborhood of Indianapolis, IN from $400 (97 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southeast Indianapolis area of Indianapolis.

property at 8 N Butler Ave

8 N Butler Ave

IndianapolisIN46219

Southeast Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218
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Southeast Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Southeast Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southeast Indianapolis area of Indianapolis, IN is a Studio unit found at Autumn Trails Apartments priced from $749. Serenity Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Southeast Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
StonehengeStudioStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Apartments @ Marten Court1x11BR,1BA$829
Carriage House East1 Bedroom Apartment Hope1BR,1BA$846
Vistas Apartments2 Bedroom 1.5 Bath Townhouse2BR,1BA$869
Kingston Square ApartmentsThe AshStudio,1BA$879
Emerson VillageThe Cardinal - Premium1BR,1BA$888
Lake Marina Apartments1 Bedroom Townhouse1BR,1BA$899

Best Value Apartments for Rent in Southeast Indianapolis, IN

As of April 10, 2025 the best value apartment in the Southeast Indianapolis area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Southeast Indianapolis apartment is the The Estate Model at Washington Village Apartments starting at $1,410 with a $1.18 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Southeast Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
Washington Village ApartmentsThe Estate3BR,2BA$1.18
Reserve at Franklin Glen3BR2B -Reserve at Franklin Glen3BR,2BA$1.17
Keeneland Crest ApartmentsVictorian2BR,2BA$1.17
60 - ADDISON APARTMENTS1st Floor Standard + W/D Hookups2BR,1BA$0.95
Prairies Apartments2 Bedroom 1.5 Bath2BR,1.5BA$0.98
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.13
Carriage House East2 Bedroom Apartment Optimism2BR,1BA$1.18
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.04

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Pet Friendly Lifestyle
Southeast Indianapolis, Indianapolis, IN

Ranked #19

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southeast Indianapolis, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southeast Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southeast Indianapolis Apartments

What is a cheap apartment in Southeast Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Indianapolis is under $899.

What is the price of a cheap apartment in Southeast Indianapolis?

The cheapest apartment in Southeast Indianapolis is Serenity Park Apartments which is listed at $769, while the average apartment in Southeast Indianapolis costs $1,945.

What types of apartments are the cheapest in Southeast Indianapolis?

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 25 regular apartments in Southeast Indianapolis 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 Southeast Indianapolis?

Cheap apartments in Southeast Indianapolis have an average cost of $170 which is $1,775 cheaper than the average rent for all rentals in Southeast Indianapolis.

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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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.

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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.