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

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Search the lowest-cost Apartments available for rent right now in the Summerfield South area of Indianapolis.

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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

Summerfield South - 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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Brickyard Flats
1 to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Summerfield South, Indianapolis, IN Local Guide

Cheapest Available Summerfield South Apartments for Rent

 

The cheapest available apartment rental in the Summerfield South area of Indianapolis, IN is a Studio unit found at Mariners Village priced from $838. Pebble Point has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Summerfield South apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Mariners VillageStudioStudio,1BA$838
Pebble PointThe Bliss1BR,1BA$899
Fishermans VillageCobalt1BR,1BA$899
Marabou MillsStudioStudio,1BA$925
The Maywood at SpeedwayThe Vesuvio1BR,1BA$930

Best Value Apartments for Rent in Summerfield South, IN

As of May 10, 2025 the best value apartment in the Summerfield South area is the $1.06 price per square foot B3 - TH Model at Brickyard Flats in the in the Speedway Wellhead neighborhood starting from $1,160. The second greatest value Summerfield South apartment is the The Broadway Model at 10 West Apartments starting at $1,291 with a $1.31 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for Summerfield South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brickyard FlatsB3 - TH2BR,1.5BA$1.06
10 West ApartmentsThe Broadway2BR,2BA$1.31
Deercross ApartmentsOak2BR,2BA$1.38
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Astoria Park Apartment HomesTwo Bedroom - 850 sqft1BR,1BA$1.40
Eagle Lake LandingThe Islander1BR,1BA$1.38
Eagle’s EdgeOak2BR,1BA$1.51
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.42
Pebble PointThe Bliss1BR,1BA$1.34
Mariners VillageStudioStudio ,1BA$1.39

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Pet Friendly Lifestyle
Summerfield South, Indianapolis, IN

Ranked #105

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Indiana and customized analysis for West Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Summerfield South Apartments

What is a cheap apartment in Summerfield South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Summerfield South is under $1,050.

What is the price of a cheap apartment in Summerfield South?

The cheapest apartment in Summerfield South is Pebble Point which is listed at $899, while the average apartment in Summerfield South costs $2,405.

What types of apartments are the cheapest in Summerfield South?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Summerfield South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Summerfield South?

Cheap apartments in Summerfield South have an average cost of $936 which is $1,469 cheaper than the average rent for all rentals in Summerfield South.

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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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.

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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.

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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.