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Cheap Apartments for Rent in South Indianapolis, Indianapolis, IN - 33 Rentals available

Apartments Under $500

  • Apartment
    5984 Heathmoore Drive, Indianapolis, IN 46237
    $485 - $765
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 429-9767

Apartments Under $600

  • Apartment
    8026 Mcfarland Court, Indianapolis, IN 46227
    $524 - $884
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 559-3834
  • Apartment
    3714 Bartlett Ave, Indianapolis, IN 46227
    $549 - $769
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 559-3839
  • Apartment
    2760 Cherry Glen Way, Indianapolis, IN 46227
    $569 - $654
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 559-3838

Apartments Under $700

  • Apartment
    1834 Madison Village Drive, Indianapolis, IN 46227
    $618 - $1,348
    • Studio-3 Beds
    • 1-1.5 Baths
    Available Today!
    (317) 794-2742
  • Apartment
    5301 S Turtle Creek Drive, Indianapolis, IN 46227
    See current rent specials
    $619 - $864
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (317) 333-6011
  • Apartment
    1451 East Southport Road, Indianapolis, IN 46227
    $654 - $1,575
    • 1-3 Beds
    • 1-2.5 Baths
    Available Today!
    (317) 794-2019

Apartments Under $800

  • Apartment
    8020 Madison Ave., Indianapolis, IN 46227
    $740
    • 1-2 Beds
    • 1 Bath
    Available Today!
    (317) 576-3156

Popular Searches

South Indianapolis, Indianapolis, IN Demographics

  • Total Population137,930
  • Female 66,558
    Male 71,372
  • Median Age35

Average Rent in South Indianapolis, Indianapolis, IN

  • South Indianapolis, Indianapolis, IN Average Rental Price, April 2019$794/mo

South Indianapolis, Indianapolis, IN Apartment Rent Ranges

  • < $5001%
  • $501-$70033%
  • $701-$1,00055%
  • $1,001-$1,50011%
  • $1,501-$2,0001%

South Indianapolis, Indianapolis, IN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
South Indianapolis, Indianapolis, IN $721 $741 $742 $751 $774 $770 $780 $779 $794
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 461074620346217462254622746237

Check out the average rent in Indianapolis.

South Indianapolis, Indianapolis, IN Households

  • Total Number of Households52,798
  • Family 31,087
    Non-family 21,711
  • Children 15,720
    No Children 37,078
  • Average People Per Household2.61
  • Median Household Income$40,092
  • Median Housing Costs Per Month$813

South Indianapolis, Indianapolis, IN Education Statistics

  • No High School5%
  • Some High School43%
  • Some College23%
  • Associate Degree6%
  • Bachelor Degree16%
  • Graduate Degree7%

Looking for a cheap apartment for rent in South Indianapolis, Indianapolis, IN? With RENTCafé, finding an affordable apartment in South Indianapolis has never been easier. We feature 40 low-priced rentals directly from property managers, with rents lower than the South Indianapolis, Indianapolis, IN average, which is currently $794. On RENTCafé, South Indianapolis rents go as low as $534/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!