
Cheap Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN from $300 (5 Rentals)
Cheap Apartments in the Southern Homes 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.

8109 Johnstown Ct
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.
Southern Homes - 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!
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 | $985 | $802 | $1,298 |
Southern Homes 1 Bedroom Apartments | $1,065 | $345 | $1,370 |
Southern Homes 2 Bedroom Apartments | $1,296 | $959 | $2,111 |
Southern Homes 3 Bedroom Apartments | $1,679 | $1,330 | $2,258 |
Southern Homes 4 Bedroom Apartments | $1,829 | $1,710 | $1,929 |
Browse Apartments in this Neighborhood
There are currently 5 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 Studio unit found at Polo Run Apartments priced from $802. Buckridge at Southport has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. 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 Shetland Studio | Studio,1BA | $802 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $815 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Southern Homes, IN
As of May 05, 2025 the best value apartment in the Southern Homes area is the $0.86 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,199. The second greatest value Southern Homes apartment is the The Cedar Model at Meridian Oaks starting at $1,445 with a $1.16 price per square foot in the Buffalo Creek 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. |
---|---|---|---|
SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.86 |
Meridian Oaks | The Cedar | 3BR,2BA | $1.16 |
Dakota Ridge | Yellowstone | 2BR,2BA | $1.29 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Oak Park | Forest | 1BR,1BA | $1.12 |
Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.34 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.13 |
South & Madison | A1 | 1BR,1BA | $1.27 |
Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $1.37 |
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 #123
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Southern Homes, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
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 $815 at Buckridge at Southport.
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 $985 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 Meridian Oaks and starts from $1,445.
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.

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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.