Cheap Homes for Rent in Southside Indianapolis Neighborhood of Indianapolis, IN from $500 (36 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southside Indianapolis area of Indianapolis.

Southside 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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property at 3825 Spann Ave

3825 Spann Ave

IndianapolisIN46203
Showing Results 1-36, Page 1 of 1

Southside Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Southside Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Southside Indianapolis area of Indianapolis, IN is a 1 Bed unit found at Florence Fay School Senior Apartments priced from $846. Courts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here are the most affordable Southside Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Florence Fay School Senior ApartmentsOne Bedroom B 50%1BR,1BA$846
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$885
Artistry IndyEdie (EcoSuite)Studio,1BA$932
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Beech Meadow ApartmentsBirch1BR,1BA$1,006
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
Minnie Hartmann CenterThe Lillie 50%2BR,1BA$1,092
School 85Schoolhouse Flats in Irvington 1 bedroom Reserv...1BR,1BA$1,159
The AssemblyCylinder - Workforce1BR,1BA$1,175
Gathyr ApartmentsBellStudio,1BA$1,199

Best Value Apartments for Rent in Southside Indianapolis, IN

As of April 07, 2025 the best value apartment in the Southside Indianapolis area is the $1.14 price per square foot 352 N Arsenal Ave Model at 352 N Arsenal Ave in the in the Riley neighborhood starting from $2,050. The second greatest value Southside Indianapolis apartment is the Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 starting at $1,610 with a $1.24 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Southside Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
352 N Arsenal Ave352 N Arsenal Ave3BR,1.5BA$1.14
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
Slate ApartmentsG- 2 Bedroom2BR,2.5BA$2.09
Line LoftsThe Inspiration 60%2BR,1BA$1.42
Florence Fay School Senior ApartmentsOne Bedroom F 60%1BR,1BA$1.19
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.37
Beech Meadow ApartmentsBirch1BR,1BA$1.34
PinnexA21BR,1BA$2.08
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.54

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Frequently Asked Questions about Southside Indianapolis

What type of rentals are currently available in Southside Indianapolis?

There are currently 136 Apartments for Rent in Southside Indianapolis, IN with pricing that ranges from $435 to $17,810. There are also 105 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southside Indianapolis ranging from $595 to $4,850.

What is the current price range for Rental Homes in Southside Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southside Indianapolis ranges from $595 to $4,850 with an average monthly rent of $1,473.

How much are larger Three and Four Bedroom Rentals in Southside Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southside Indianapolis range from $899 to $8,137, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,485.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.