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Fountain Lake Villas
Indianapolis, IN 46227

- Active Adult
- Studio–3 Bedrooms
- 322–1,293 Square Feet
About Fountain Lake Villas
You will love life in a spacious apartment home at Fountain Lake Villas. Unwind in an apartment home perfectly suited to your lifestyle, with clubhouse facilities, basketball court, a relaxing pool with sundeck, and a Bark Park. We offer one, two and three bedroom apartment homes with spacious rooms, washer/dryer connections and patios/balconies. Enjoy living in the perfect location with immediate access to Greenwood's premier shopping, restaurants and entertainment; just minutes from downtown Indianapolis. Walk to Greenwood Park Mall! There's a lot to love about life at Fountain Lake Villas! We are now under new management and are undergoing huge renovations! Come in and check out what all the talk is about. Renovations include - new counters, flooring, and appliances. Amenities include updated pool, dog park, & community center.
Fountain Lake Villas is located in the South Perry Neighborhood and 46227 Zip code of Indianapolis, IN.
Unique Features and Amenities
- 20 Minutes to Downtown Indianapolis
- Across from Greenwood Mall
- Bark Park
- Built-in Microwave
- Cable/satellite
- Carport
- Central Air
- Community Center
- Covered Carport Parking
- Fun Playground & Picnic Area
- Perry Township Schools
- Pets Welcome & Dog Park
- Picnic Area w/ Grill
- Private Entrances
- Swimming Pool
- Walking Trail
- Washer/Dryer Included In 2 & 3 Bedrooms
Property Contact Info
Office Hours
| Monday | 8:00 am–5:00 pm |
| Tuesday | 8:00 am–5:00 pm |
| Wednesday | 8:00 am–5:00 pm |
| Thursday | 8:00 am–5:00 pm |
| Friday | 8:00 am–5:00 pm |
| Saturday | 10:00 am–2:00 pm |
| Sunday | Closed |
Floorplan Pricing and Availability
New! Interactive Property Map
Studio
The Monroe
Studio, 1 Bath, 322-420 sq ftAvailability Details
Availability Date Unit Sq Ft Deposit Unavailable The Monroe 322-420 sq ft $99 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
1 Bedroom
The Laurel
1 Bed, 1 Bath, 777 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now 8749-2 777 $99 August 7, 2026 8835-2 777 $99 August 9, 2026 8825-4 777 $99 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Unit 8749-2 Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Other Appliances
- Built-in Microwave
Unique Features
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Unit 8835-2 Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Unit 8825-4 Amenities and Features
Cooling
- Central Air
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Picnic Area w/ Grill
- Swimming Pool
Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable Now![]()
The Laurel - Floorplan Apartment Unit: 8749-2Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable NowApartment Unit: 8835-2Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable August 7, 2026Apartment Unit: 8825-4Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable August 9, 20262 Bedrooms
Show Unavailable FloorplansThe Herrington
2 Beds, 1 Bath, 986 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit View Details Available Now 8709-8 986 $99 Available Now 8840-2 986 $99 Available Now 8870-5 986 $99 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Unit 8709-8 Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Unit 8840-2 Amenities and Features
Cooling
- Central Air
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Other Appliances
- Built-in Microwave
Unique Features
- Carport
- Picnic Area w/ Grill
- Swimming Pool
Unit 8870-5 Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable Now![]()
The Herrington - Floorplan Apartment Unit: 8709-8Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowApartment Unit: 8840-2Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowApartment Unit: 8870-5Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowThe Tahoe
2 Beds, 1 Bath, 800 sq ftAvailable Oct 21Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit October 21, 2026 8870-1 800 $99 Unit 8870-1 Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Other Appliances
- Built-in Microwave
Unique Features
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Apartment Model: The Tahoe2 Bedroom, 1 Bath, 800 sq ftAvailable October 21, 2026![]()
The Tahoe - Floorplan Apartment Unit: 8870-1Apartment Model: The Tahoe2 Bedroom, 1 Bath, 800 sq ftAvailable October 21, 2026The Herrington Deluxe
2 Beds, 2 Baths, 986 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit Unavailable The Herrington Deluxe 986 sq ft $99 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Apartment Model: The Herrington Deluxe2 Bedroom, 2 Bath, 986 sq ftUnavailable![]()
The Herrington Deluxe - Floorplan 3 Bedrooms
The Cumberland
3 Beds, 2 Baths, 1293 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit Unavailable The Cumberland 1293 sq ft $99 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Refrigerator
Unique Features
- Built-in Microwave
- Carport
- Central Air
- Picnic Area w/ Grill
- Swimming Pool
Apartment Model: The Cumberland3 Bedroom, 2 Bath, 1293 sq ftUnavailable![]()
The Cumberland - Floorplan
Property Information
- Renovated In Mar 2020
- 211 Units
- 2 Stories
- Built in 1964
Lease Terms
- 3 - 12 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$0.00
- Due at Move-In
- Administrative FeeiCharged per unit.$0.00
Other Fees and Policies
Pet Fees
- Cat
- Monthly Pet FeeiMax of 2. Charged Per Pet.$25.00
- One-Time Pet FeeiMax of 2. Charged Per Pet.$200.00
- Dog
- Monthly Pet FeeiMax of 2. Charged Per Pet.$25.00
- One-Time Pet FeeiMax of 2. Charged Per Pet.$200.00
Breed Restriction: Pit Bull, Staffordshire Terrier, American, Bulldog, Bull Terrier, Rottweiler, German Shepherd, Husky, Alaskan Malamute, Doberman, Chow, Great Dane, St. Bernard, Akita
Max of 2. A maximum of 2 pets are allowed per household. A $200 initial pet fee is due per pet at move in. Pet rent is $25 per pet per month.
Parking Info and Fees
- Surface Lot
- 1 Max
- Street
- Storage Unit
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Living Area Features
- Walk In Closets
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Nearby Properties

Map
Getting Around
50 / 100 Fairly walkable
30 / 100 Limited public transit
50 / 100 Fairly bikeable
80 / 100 Very car friendly
Getting to Know the Area
70 / 100 Restaurants
50 / 100 Cafes
70 / 100 Nightlife
80 / 100 Shopping
40 / 100 Parks
100 / 100 Noise Level
Renters Reviews and Ratings
I have been here for three weeks!
Horrible place
Short Term Tenant...
Long time tenant
Nearby Schools
Perry Meridian 6th Grade Academy
Winchester Village Elementary
Perry Meridian High School
Perry Meridian Middle School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Fountain Lake Villas.
Arts Museums and Landmarks
Big Box and Retail
Lowe's
Walgreens
Macy's
Colleges and Universities
Groceries
Kroger
Aldi
Hospitals
Parks and Recreation
Fountain Lake Villas has 3 parks within 10.1 miles, including Garfirled Conservatory, White River State Park, and Benjamin Harrison House.
Restaurants and Dining
Shopping Centers
Fountain Lake Villas has 5 shopping centers within 0.4 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,195 | $500 | $6,490 |
| Indianapolis 1 Bedroom Apartments | $1,375 | $518 | $4,120 |
| Indianapolis 2 Bedroom Apartments | $1,657 | $600 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,006 | $799 | $9,205 |
| Indianapolis 4 Bedroom Apartments | $1,940 | $600 | $4,518 |
| Indianapolis 5 Bedroom Apartments | $6,001 | $950 | $10,000+ |
Nearby Apartments
Nearby Homes
Did You Know?
Apartment residents stay an average of 2.5 years in their apartment before moving.





Max of 2. A maximum of 2 pets are allowed per household. A $100 initial pet fee is due per pet at move in. Pet rent is $20 per pet per month.