
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Homes area of Indianapolis.


Polo Run Apartments
Southern Homes
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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 | $932 | $814 | $1,032 |
Southern Homes 1 Bedroom Apartments | $1,100 | $849 | $1,489 |
Southern Homes 2 Bedroom Apartments | $1,299 | $993 | $2,136 |
Southern Homes 3 Bedroom Apartments | $1,614 | $1,330 | $2,224 |
Southern Homes 4 Bedroom Apartments | $1,710 | $1,710 | $1,710 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Southern Homes Neighborhood of Indianapolis, IN.
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Southern Homes, Indianapolis, IN Local Guide
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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 8109 Johnstown Ct priced from $425. 8149 Trevellian Way has the second lowest priced unit, which is a 1 Bed apartment currently listed from $425. Here are the most affordable Southern Homes apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
8109 Johnstown Ct | 8109 Johnstown Ct | 1BR,1BA | $425 |
8149 Trevellian Way | 8149 Trevellian Way | 1BR,1BA | $425 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Southern Homes, IN
As of March 23, 2025 the best value apartment in the Southern Homes area is the $1.22 price per square foot 3x2.5 TH R Model at South Haven Village Apartments in the in the Winchester Village neighborhood starting from $1,580. The second greatest value Southern Homes apartment is the Bighorn Model at Dakota Ridge starting at $1,610 with a $1.32 price per square foot in the Southern Homes 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. |
---|---|---|---|
South Haven Village Apartments | 3x2.5 TH R | 3BR,2.5BA | $1.22 |
Dakota Ridge | Bighorn | 3BR,2BA | $1.32 |
Community Place | 3B | 3BR,1.5BA | $1.36 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.19 |
Oak Park | Forest | 1BR,1BA | $1.12 |
Windsor Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.06 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.33 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.27 |
South & Madison | A1 | 1BR,1BA | $1.27 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouthern Homes, Indianapolis, IN
Ranked #82
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 $425 at 8109 Johnstown Ct.
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.

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.

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.

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.