Looking for a cheap apartment for rent in Southeast Indiana, IN? With RENTCafé, finding an affordable apartment in Southeast Indiana, IN has never been easier. We feature 3 low-priced rentals directly from property managers, with rents lower than the Southeast Indiana, IN average. What is a cheap rent in Southeast Indiana, IN? The average apartment rent in Southeast Indiana is $727 per month so any rental south of $581 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $244 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $451, while a cheap 2-bedroom apartment will cost you about $519 per month. On RENTCafé, Southeast Indiana, IN rents go as low as $599/mo.