Apartments for Rent in Near Southeast
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Good Value|1 BED$1,049+2 BEDS$1,629+3 BEDS$2,184+
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Rent Special|STUDIO$1,268+1 BED$1,404+2 BEDS$1,742+3 BEDS$2,149+
Pinnex
931 Fletcher Ave, Indianapolis, IN 46203 -
Rent Special|STUDIO$1,340+1 BED$1,590+2 BEDS$2,190+
Slate Apartments
501 Virginia Ave, Indianapolis, IN 46203 -
Rent Special|1 BED$1,640+2 BEDS$2,190+
Hinge Apartments
719 Virginia Ave, Indianapolis, IN 46203 -
Good Value
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STUDIO$999+1 BED$1,499+2 BEDS$1,734+
Gathyr Apartments
1117 E Market St, Indianapolis, IN 46202 -
STUDIO$1,285+1 BED$1,459+2 BEDS$1,795+
The Leo
748 Bates St, Indianapolis, IN 46202 -
Looking For Cheaper Options?Explore the Best Affordable Neighborhoods in Indianapolis
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STUDIO$1,052+1 BED$1,350+2 BEDS$2,196+Edge 35
1224 Prospect St, Indianapolis, IN 46203 -
STUDIO$1,310+1 BED$1,585+2 BEDS$2,250+
Union Square
1233 Shelby St, Indianapolis, IN 46203 -
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STUDIO$1,340+1 BED$1,490+2 BEDS$2,090+
Forte Apartments
1140 Shelby St, Indianapolis, IN 46203 -
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2 BEDS$1,014Line Lofts
1145 E Washington St, Indianapolis, IN 46202 -
2 BEDS$919Dawson Village
2469 Dawson St, Indianapolis, IN 46203 -
1 BED$25
Spruce Manor Apartments
1840 Perkins Ave, Indianapolis, IN 46203 -
1 BED$850+2 BEDS$980+
Colonial Park
4421 E Washington St, Indianapolis, IN 46201 -
1 BED$1,575+2 BEDS$1,750+
Five Twenty Virginia
520 Virginia Ave, Indianapolis, IN 46203 -
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Total Monthly Price Total Monthly Price New3 BEDS, 1 BATH$1,550Base Rent$1,550Required Monthly FeesNoneTotal Monthly Price$1,5502908 S Walcott St
2908 S Walcott St, Indianapolis, IN 46203 -
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2 BEDS, 1 BATH$1,0002501 English Ave Unit 2501
2501 English Ave, Indianapolis, IN 46201 -
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3 BEDS, 2.5 BATHS$1,570
1859 Keystone Lakes Dr
1859 Keystone Lakes Dr, Indianapolis, IN 46237 -
Total Monthly Price Total Monthly Price New3 BEDS, 1 BATH$1,295Base Rent$1,295Required Monthly FeesNoneTotal Monthly Price$1,2951514 Ringgold Ave
1514 Ringgold Ave, Indianapolis, IN 46203 -
3 BEDS, 2 BATHS$1,6051825 Keystone Lakes Dr
1825 Keystone Lakes Dr, Indianapolis, IN 46237 -
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3 BEDS, 2 BATHS$1,605
1825 Keystone Lakes Dr
1825 Keystone Lakes Dr, Indianapolis, IN 46237 -
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1 BED, 1 BATH$950302 N Colorado Ave Unit 302 1/2
302 N Colorado Ave, Indianapolis, IN 46201 -
3 BEDS, 1.5 BATHS$1,600
22 Hendricks Pl Unit 22
22 Hendricks Pl, Indianapolis, IN 46201 -
Indianapolis at a Glance
Fountain Square Indianapolis Neighborhood
Less than a mile southeast of downtown Indianapolis, Indiana, residents and community groups work to preserve the history and character of the Fountain Square Cultural District, a close-knit, self-described “funky” urban village.
Beginning in the 1870s this area saw a period of rapid growth, fueled by the large number of German immigrants who helped to establish the character of the neighborhood. As Virginia Avenue began to emerge as the community’s commercial corridor a large number of new businesses and services opened, including the Fountain Square State Bank, a post office, grocery stores, Wiese-Wenzel Pharmacy, the Sommer-Roempke Bakery, a hardware store and much more. The neighborhood also played a part in the heritage of Indianapolis theater, with more operating theaters than any other community in Indianapolis from 1910 to 1950.
Today, Fountain Square thrives with a fresh crop of restaurants, businesses, recreational facilities and public spaces. The area is attracting a wave of trendy young families who want room for children in an established neighborhood close to jobs and culture in the city.
The signature fountain is back, as is the Fountain Square Theatre Building on Shelby Street. Built in 1928, it originally housed an elaborate movie theater, a basement ballroom complete with speakeasy, and commercial space. The theater closed in 1960, and was later gutted to accommodate a Woolworth’s store. Restoration began in 1993, and today, the building once again offers entertainment in the restored theatre, along with duckpin bowling in two vintage alleys, overnight accommodations, independent shops, an original 1950s soda fountain and a contemporary cafe. On summer evenings, rooftop dining offers a spectacular view of the Indianapolis skyline.
Popular restaurants in this community include Santorini Greek Kitchen; the Peppy Grill, a neighborhood institution; Iaria’s Italian Restaurant, serving Italian favorites for more than 70 years; Siam Square, the only Thai restaurant in the downtown Indianapolis area; and Smokehouse on Shelby.
Top Budget-Friendly Neighborhoods in Indianapolis
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Arthur Browns Arlington Manor 640 Sq Ft $778/mo
- Eastside 646 Sq Ft $787/mo
- Grace Tuxedo Park 666 Sq Ft $789/mo
- Carson Heights 659 Sq Ft $827/mo
- University Heights 668 Sq Ft $837/mo
- Park 100 538 Sq Ft $864/mo
- New Augusta 538 Sq Ft $864/mo
- Devington 797 Sq Ft $878/mo
- Augusta Green 541 Sq Ft $881/mo
- Georgetown Crossing 675 Sq Ft $881/mo
Average Rent in Nearby Cities
(For 1 bedroom apartments)- Cities Average Rent
- Indianapolis $1,297/mo
- Beech Grove $1,000/mo
- Speedway $1,064/mo
- Southport $325/mo
- Carmel $1,710/mo
- Greenwood $1,235/mo
- Avon $1,345/mo
- New Palestine $1,255/mo
- Westfield $1,505/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.