
Apartments for Rent in the Southern Homes Neighborhood of Indianapolis, IN Under $500 (1 Rental)

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $993 | $791 | $1,220 |
Southern Homes 1 Bedroom Apartments | $1,089 | $345 | $1,335 |
Southern Homes 2 Bedroom Apartments | $1,297 | $956 | $2,111 |
Southern Homes 3 Bedroom Apartments | $1,703 | $1,385 | $2,370 |
Southern Homes 4 Bedroom Apartments | $1,847 | $1,725 | $1,929 |
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Southern Homes, Indianapolis, IN Local Guide
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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 Southern Homes
What is the current price range for One Bedroom Southern Homes Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Southern Homes ranges from $345 to $1,335 with an average monthly rent of $1,089.
What does renting a Two Bedroom Apartment in Southern Homes cost?
The monthly rent prices of Two Bedroom Apartments currently available in Southern Homes range from $956 to $2,111. Today's average rental price for Two Bedrooms here is $1,297.
How expensive are Southern Homes Three Bedroom Apartments?
There are currently 18 Three Bedroom Apartments listings available in Southern Homes on ApartmentHomeLiving.com. The pricing ranges from $1,385 to $2,370 - averaging $1,703 for the location.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.