Cheap Apartments for Rent in the Southern Wayne Neighborhood of Indianapolis, IN from $700 (19 Rentals)

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Cheap Apartments in the Southern Wayne 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.

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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.

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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221

Southern Wayne - 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!

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Southern Wayne, Indianapolis, IN Local Guide

Cheapest Available Southern Wayne Apartments for Rent

 

The cheapest available apartment rental in the Southern Wayne area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $785. Here are the most affordable Southern Wayne apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$785
The OasisThe Quartz1BR,1BA$909
Arborwood ApartmentsThe Hawthorn1BR,1BA$1,121
Mann Village Apartments1 Bedroom Apartment.1BR,1BA$1,125

Best Value Apartments for Rent in Southern Wayne, IN

As of May 03, 2025 the best value apartment in the Southern Wayne area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Southern Wayne apartment is the 1Bed/1Bath Large Model at Creek Bay starting at $1,210 with a $1.46 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for Southern Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Creek Bay1Bed/1Bath Large1BR,1BA$1.46
Arborwood ApartmentsThe Ninebark1BR,1BA$1.51
The Park at Greenhill2 Bedroom 1 Bath, 715 sf - Creek Side2BR,1BA$1.59
Southern DunesEcho1BR,1BA$1.75
The OasisThe Jasper1BR,1BA$1.38
Mann Village Apartments1 Bedroom Apartment.1BR,1BA$1.85
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 602 sqft1BR,1BA$1.94
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45
Residence on Penn0BR/1.0BAStudio ,1BA$2.41

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Pet Friendly Lifestyle
Southern Wayne, Indianapolis, IN

Ranked #165

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Southern Wayne Apartments

What is the Cheapest Studio apartment in Southern Wayne?

Currently the most affordable Cheap Studio Apartment in Southern Wayne is at The Boardwalk at Westlake Apartments and Townhomes listed at $785.

How much is rent for a Cheap One Bedroom Southern Wayne Apartment?

The lowest price for a Cheap One Bedroom Southern Wayne Apartment is $778 at Abbey Apartments - Affordable Senior Housing.

What is the lowest price for a Cheap Two Bedroom Southern Wayne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southern Wayne is starting from $1,020 at The Boardwalk at Westlake Apartments and Townhomes.

What is the most affordable Southern Wayne Three Bedroom Apartment?

The best deal on a cheap Southern Wayne Three Bedroom Apartment rental is at Arborwood Apartments and starts from $1,521.

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.

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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.

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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.

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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.

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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.