
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Homes area of Indianapolis.


The Sycamores

Beechmill Apartments

The Sterling

Waterford Place Apartments

Brookhaven at County Line Senior Apartments

Polo Run Apartments
Southern Homes, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Southern Homes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Homes Studio Apartments | $1,020 | $814 | $1,203 |
Southern Homes 1 Bedroom Apartments | $1,117 | $875 | $1,387 |
Southern Homes 2 Bedroom Apartments | $1,314 | $993 | $2,170 |
Southern Homes 3 Bedroom Apartments | $1,607 | $1,330 | $2,171 |
Southern Homes 4 Bedroom Apartments | $1,710 | $1,710 | $1,710 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Southern Homes Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Southern Homes, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Southern Homes Apartments for Rent
 The cheapest available apartment rental in the Southern Homes area of Indianapolis, IN is a 1 Bed unit found at Polo Run Apartments priced from $875. SOUTHPORT AT BUCK CREEK has the second lowest priced unit, which is a 1 Bed apartment currently listed from $887. Here are the most affordable Southern Homes apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Polo Run Apartments | The Palomino 1 BR 1 BA | 1BR,1BA | $875 |
SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $887 |
South & Madison | A1 | 1BR,1BA | $887 |
The Sycamores | A1 The Sycamores 1/1 | 1BR,1BA | $950 |
Beechmill Apartments | Beech | 1BR,1BA | $965 |
Best Value Apartments for Rent in Southern Homes, IN
As of February 26, 2025 the best value apartment in the Southern Homes area is the $1.21 price per square foot The Kildare Model at Waterford Place Apartments in the in the Winchester Village neighborhood starting from $1,335. The second greatest value Southern Homes apartment is the Merlot Model at Auburn Place Apartments starting at $1,247 with a $1.22 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Southern Homes apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Waterford Place Apartments | The Kildare | 2BR,2BA | $1.21 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.22 |
Oak Park | Timber | 2BR,1BA | $1.21 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Windsor Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.06 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.32 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
Dakota Ridge | Lakota | 1BR,1BA | $1.35 |
South & Madison | A1 | 1BR,1BA | $1.27 |
SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.27 |
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.
Pet Friendly LifestyleSouthern Homes, Indianapolis, IN
Ranked #80
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Southern Homes, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
Best Local Schools in Southern Homes, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southern Homes, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places that make kids happy, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Southern Homes Apartments
How much is rent for a Cheap One Bedroom Southern Homes Apartment?
The lowest price for a Cheap One Bedroom Southern Homes Apartment is $875 at Polo Run Apartments.
What is the lowest price for a Cheap Two Bedroom Southern Homes Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Southern Homes is starting from $975 at Windsor Court.
What is the most affordable Southern Homes Three Bedroom Apartment?
The best deal on a cheap Southern Homes Three Bedroom Apartment rental is at South & Madison and starts from $1,263.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.