
Cheap Homes for Rent in Southern Homes Neighborhood of Indianapolis, IN from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Southern Homes area of Indianapolis.


8109 Johnstown Ct

640 Wooddale Terrace

742 Loews Blvd
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.

628 Wooddale Terrace

634 Wooddale Terrace

6801 S Madison Ave

8921 Hunters Creek Dr
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 a home in Southern Homes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Homes 2 Bedroom Homes for Rent | $928 | $903 | $954 |
Southern Homes 3 Bedroom Homes for Rent | $1,784 | $1,600 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Southern Homes Neighborhood of Indianapolis, IN.
Explore 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 $794. Buckridge at Southport has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. 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 | $794 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $825 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Southern Homes, IN
As of April 30, 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 $1,425 with a $1.14 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 | $1.14 |
Aspen Lakes | 2 Bedroom 2 Baths - Phase I | 2BR,2BA | $1.17 |
Dakota Ridge | Yellowstone | 2BR,2BA | $1.33 |
Oak Park | Forest | 1BR,1BA | $1.12 |
Auburn Place Apartments | Mahogany | 2BR,1BA | $1.09 |
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 | $1.15 |
South & Madison | A1 | 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.
Frequently Asked Questions about Southern Homes
What type of rentals are currently available in Southern Homes?
There are currently 43 Apartments for Rent in Southern Homes, IN with pricing that ranges from $345 to $2,258. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southern Homes ranging from $817 to $1,850.
What is the current price range for Rental Homes in Southern Homes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southern Homes ranges from $817 to $1,850 with an average monthly rent of $1,285.
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.

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.