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Fountain Lake Villas
Indianapolis, IN 46227

- Active Adult
- Studio–3 Bedrooms
- 322–1,293Square 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
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
1 Bedroom
The Laurel
$1,075
1 Bed, 1 Bath, 777 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,075 Available Now 8805-2 777 $99 $1,075 Available Now 8835-2 777 $99 $1,075 Available Now 8835-4 777 $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
Unit 8805-2 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
Model Rent and Fees
Price
- $1,075
Unit 8835-2 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
Model Rent and Fees
Price
- $1,075
Unit 8835-4 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
Model Rent and Fees
Price
- $1,075
Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable Now![]()
The Laurel - Floorplan 1 Apartment Unit: 8805-2Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable NowApartment Unit: 8835-2Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable NowApartment Unit: 8835-4Apartment Model: The Laurel1 Bedroom, 1 Bath, 777 sq ftAvailable Now2 Bedrooms
Show Unavailable FloorplansThe Herrington
From $1,250
2 Beds, 1 Bath, 986 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,250 Available Now 8709-4 986 $99 $1,270 Available Now 8835-7 986 $99 $1,270 Available Now 8865-7 986 $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
Unit 8709-4 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
Model Rent and Fees
Model Price Range
- $1,250 - $1,270
Unit 8835-7 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
Model Rent and Fees
Model Price Range
- $1,250 - $1,270
Unit 8865-7 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
Model Rent and Fees
Model Price Range
- $1,250 - $1,270
Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable Now![]()
The Herrington - Floorplan 1 Apartment Unit: 8709-4Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowApartment Unit: 8835-7Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowApartment Unit: 8865-7Apartment Model: The Herrington2 Bedroom, 1 Bath, 986 sq ftAvailable NowThe Tahoe
$1,150
2 Beds, 1 Bath, 800 sq ftAvailable Nov 22Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,150 November 22, 2025 8870-4 800 $99 $1,150 December 10, 2025 8850-2 800 $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
Unit 8870-4 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
Model Rent and Fees
Price
- $1,150
Unit 8850-2 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
Model Rent and Fees
Price
- $1,150
Apartment Model: The Tahoe2 Bedroom, 1 Bath, 800 sq ftAvailable November 22, 2025![]()
The Tahoe - Floorplan 1 Apartment Unit: 8870-4Apartment Model: The Tahoe2 Bedroom, 1 Bath, 800 sq ftAvailable November 22, 2025Apartment Unit: 8850-2Apartment Model: The Tahoe2 Bedroom, 1 Bath, 800 sq ftAvailable December 10, 2025The 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
Apartment Model: The Herrington Deluxe2 Bedroom, 2 Bath, 986 sq ftUnavailable![]()
The Herrington Deluxe - Floorplan 1 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
Apartment Model: The Cumberland3 Bedroom, 2 Bath, 1293 sq ftUnavailable![]()
The Cumberland - Floorplan 1
Property Information
- Renovated In Mar 2020
- 211 Units
- 2 Stories
- Built in 1964
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Lease Terms
- 3 - 12 mo
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
Required Fees
One-Time Move-In Fees
- Due at Move-In
- Administrative Fee$0
- Due at Application
- Application Fee Per Applicant$0
Other Fees
Pet Fees
- One-Time Pet Fee$200
- Monthly Pet Fee$20
- One-Time Pet Fee$200
- Monthly Pet Fee$20
- 2 Pet Limit
- 2 Pet Limit
Cat
Dog
Cats
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.
Dogs
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.
Parking Info and Fees
- Street
- Surface Lot
- 1 Max
- Storage Unit
Storage
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
Hours and Contact Info
| 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 |
Getting Around
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Renters Reviews and Ratings
I have been here for three weeks!
October 12, 2020I moved here from South Bend without viewing the apartment person. They are money hungry. You have to pay for parking, the "free" parking doesn't have adequate spaces for all the residents in the building. There were 100 of gnats, spiders, dishwasher was flooded from prior resident, they fixed that and it started making loud gurgling noises once that got fixed, heat didn't work, they fixed that now my AC doesn't work. They reject payments so that you have to pay the return check fee. The mail box ...is by the leasing office, you have to drive to get your mail and the staff is rude and don't know anything. I can't last here a year, I am definitely breaking my leaseRead MoreReview from Apartments.com
Horrible place
May 29, 2019The heat doesn't get that warm in winter so you will have expensive electric and heat bills. Ever since the spring ( April 2019), my a/c has been broken over 2 months (alot of other tenants have same issue, its worst on 1st floor because water leaks into your unit, fortunate for me, I am on 2nd floor). Recently after 1 month and half into this issue, they installed new a/c unit (by unlicensed untrained maintenance workers) so the a/c leaks nonstop and the heat is unbearable especially when I am ...cooking. This is the worst experience that I've encountered since adulting. I keep getting run around, I keep asking to be let out of my lease because the unit has so many issues that are beyond repair even despite them "remodeling". My tag was stolen from my vehicle in the parking lot (there's no surveillance cameras so there goes the neighborhood) Horrible, horrible place.Read MoreReview from Apartments.com
Short Term Tenant...
June 23, 2017Called emergency maintenance at 7:51pm they said they will take care of my AC ...no phone call no show....This is why I hate renting from apartments..Told them people are driving through the back yard and someone knocked the fence over we will take care of it...Still the fence is down and still people driving through the yard...Nice space but not worth the price the condition it is in...Review from Apartments.com
Long time tenant
September 25, 2015I've lived at Laurel lake for 4 years now and searching their reviews online I was surprised to see so much negativity. Also that most of the reviews were from 4 years ago. I will say that it is not the nicest neighborhood in Greenwood. But to pay 619 for an almost 900 square foot 2 bedroom apartment in this area is better than you'll find anywhere else. I've seen a lot of improvement in the past few months here and wanted to get online to let people know about it! The office staff and ...maintenance team is finally getting the hand of taking care of a 40 year old property I think!Read MoreReview from Apartments.com
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 | $1,173 | $595 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,372 | $590 | $4,143 |
| Indianapolis 2 Bedroom Apartments | $1,656 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,025 | $1,047 | $8,523 |
| Indianapolis 4 Bedroom Apartments | $1,801 | $600 | $7,318 |
| Indianapolis 5 Bedroom Apartments | $11,178 | $1,000 | $10,000+ |
Nearby Apartments
Nearby Homes
Did You Know?
The average 2 Bedroom Apartment in Indianapolis is $1,656.