Apartments for Rent in Near Southeast
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Price Drop. $164 Off|STUDIO$1,199+1 BED$1,399+2 BEDS$1,799+
Gathyr Apartments
1117 E Market St, Indianapolis, IN 46202 -
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Looking For Cheaper Options?Explore the Best Affordable Neighborhoods in Indianapolis
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STUDIO$1,235+1 BED$1,385+2 BEDS$2,350+
Union Square
1233 Shelby St, Indianapolis, IN 46203 -
STUDIO$1,090+1 BED$1,490+2 BEDS$1,890+
Forte Apartments
1140 Shelby St, Indianapolis, IN 46203 -
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2 BEDS$899
Welcome to Dawson Village – Welcome Home!
2469 Dawson St, Indianapolis, IN 46203 -
1 BED$1,333+2 BEDS$1,750+
Five Twenty Virginia
520 Virginia Ave, Indianapolis, IN 46203 -
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3 BEDS, 3 BATHS$2,800
4111 E Pleasant Run Pkwy S Dr
4111 E Pleasant Run Pkwy S Dr, Indianapolis, IN 46201 -
6 BEDS, 3 BATHS$750
263 S Chester Ave
263 S Chester Ave, Indianapolis, IN 46201 -
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3 BEDS, 3 BATHS$3,870
27 N Highland Ave Unit ID1014508P
27 N Highland Ave, Indianapolis, IN 46202 -
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3 BEDS, 3 BATHS$3,870
25 N Highland Ave Unit ID1014506P
25 N Highland Ave, Indianapolis, IN 46202 -
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2 BEDS, 1 BATH$949
327 Lasalle St
327 Lasalle St, Indianapolis, IN 46201 -
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Rent Special
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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
- Irvington 852 Sq Ft $885/mo
- Grand View Acres 650 Sq Ft $888/mo
- Georgetown Crossing 673 Sq Ft $893/mo
- New Agusta Woods 704 Sq Ft $893/mo
- University Heights 643 Sq Ft $901/mo
- Carson Square 734 Sq Ft $907/mo
- Carson Heights 593 Sq Ft $917/mo
- Estates at Crystal Bay 671 Sq Ft $921/mo
- Arlington Woods 767 Sq Ft $931/mo
- Edgewood 718 Sq Ft $937/mo
Average Rent in Nearby Cities
(For 1 bedroom apartments)- Cities Average Rent
- Indianapolis $1,355/mo
- Beech Grove $1,052/mo
- Speedway $1,264/mo
- Southport $390/mo
- Carmel $1,668/mo
- Greenwood $1,230/mo
- Lawrence $1,117/mo
- Bargersville $1,782/mo
- Avon $1,572/mo
- New Palestine $1,266/mo
Getting Around Indianapolis
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Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
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Note: Based on community-supplied data and independent market research. Subject to change without notice.