Sherman Village Apartments

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4603 S Sherman Dr, Indianapolis, IN 46237
(463) 444-8404
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Sherman Village

4603 S Sherman Dr
Indianapolis, IN 46237
(463) 444-8404
Sherman Village in Indianapolis, IN - Building Photo
  • 1–3 Bedrooms
  • $925-$1,300Pricing
  • 720–1,300Square Feet

Rent Specials

Apartments at Sherman Village won't last long. All apartment homes have washer dryer connections. Don't wait.... and call today!

Ask Us About Our Specials

About Sherman Village

Come home to a quaint neighborhood nestled in a residential area. Conveniently located between Beech Grove & Southport on Indy's south side. Sherman Village offers pet friendly one, two, and three bedroom floor plans. ALL apartments feature washer-dryer connection, total electric living, large bedrooms, separate dining rooms, and abundant closet space. Sherman Village location offers easy access to I465, I70, and I65, IUPUI and University of Indianapolis. Close to restaurants, shopping, entertainment, and we are in Perry Township schools district.

Sherman Village is located in the South Emerson Neighborhood and 46237 Zip code of Indianapolis, IN. This community is professionally managed by Stygall Companies, Inc.

Property Contact Info

Floorplan Pricing and Availability

Sherman Village offers 1 to 3 Bedroom apartments having 720–1,300 sqft. Here is the current pricing and availability:

  • 1 Bedroom

    Garden Apt

    1 Bed, 1 Bath, 720 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $925Call for AvailabilityGarden Apt720 sq ft$400

    Model Amenities and Features

    Features

    • Air Conditioning
    • Cable Ready
    • Heating
    • Smoke Free
    • Tub/Shower
    • Washer/Dryer Hookup

    Kitchen

    • Disposal
    • Kitchen
    • Range
    • Refrigerator

    Living Space

    • Carpet
    • Dining Room
    • Large Bedrooms
    • Linen Closet
    • Window Coverings

    Outdoor Space

    • Patio
    • Porch

    Model Rent and Fees

    Model Price

    • $925

    Deposit

    • $400 deposit
  • 2 Bedrooms

    Garden Apt

    2 Beds, 1 Bath, 900 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,050Call for AvailabilityGarden Apt900 sq ft$400

    Model Amenities and Features

    Features

    • Air Conditioning
    • Cable Ready
    • Heating
    • Tub/Shower
    • Washer/Dryer Hookup

    Kitchen

    • Disposal
    • Kitchen
    • Range
    • Refrigerator

    Living Space

    • Carpet
    • Dining Room
    • Window Coverings

    Outdoor Space

    • Patio

    Model Rent and Fees

    Model Price

    • $1,050

    Deposit

    • $400 deposit

    Townhome

    2 Beds, 1.5 Baths, 1150 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,150Call for AvailabilityTownhome1150 sq ft$400

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Free
    • Tub/Shower
    • Washer/Dryer Hookup

    Kitchen

    • Disposal
    • Freezer
    • Kitchen
    • Range
    • Refrigerator

    Living Space

    • Carpet
    • Dining Room
    • Hardwood Floors
    • Large Bedrooms
    • Linen Closet
    • Window Coverings

    Outdoor Space

    • Deck
    • Patio
    • Porch

    Model Rent and Fees

    Model Price

    • $1,150

    Deposit

    • $400 deposit
  • 3 Bedrooms

    Townhome

    3 Beds, 1.5 Baths, 1300 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,300Call for AvailabilityTownhome1300 sq ft$400

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Smoke Free
    • Tub/Shower
    • Washer/Dryer Hookup

    Kitchen

    • Disposal
    • Eat-in Kitchen
    • Island Kitchen
    • Kitchen
    • Range
    • Refrigerator

    Living Space

    • Carpet
    • Dining Room
    • Hardwood Floors
    • Linen Closet
    • Window Coverings

    Outdoor Space

    • Deck
    • Patio
    • Porch

    Model Rent and Fees

    Model Price

    • $1,300

    Deposit

    • $400 deposit
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (463) 444-8404 to schedule a tour.

Property Information

  • 82 Units
  • 2 Stories
  • Built in 1960

Lease Terms

  • 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 Application
Application Fee Per Applicant$35

Other Fees

Pet Fees

Dog

One-Time Pet Fee$200
Monthly Pet Fee$25/mo
Pet Deposit$0

Cat

One-Time Pet Fee$200
Monthly Pet Fee$25/mo
Pet Deposit$0

Dogs

  • 25 Lb Weight Limit
Restrictions:

Cats

  • 25 Lb Weight Limit
Restrictions:

Parking Info and Fees

Surface Lot
  • 1 Max

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

Unique Amenities

  • Dining Room
  • heating
  • Linen closet

On-Site Services

  • Property Manager On Site

Community Features

  • Walk Up

Interior Features

  • Balcony
  • Heating
  • Tub/Shower
  • Cable Ready
  • Washer/Dryer Hookup
  • Air Conditioning
  • Smoke Free

Kitchen Amenities

  • Range
  • Refrigerator
  • Disposal
  • Freezer
  • Eat In Kitchen
  • Island Kitchen
  • Oven
  • Pantry
  • Kitchen

Living Area Features

  • Linen Closet
  • Window Coverings
  • Large Bedrooms
  • Carpet
  • Dining Room
  • Hardwood Floors

Outdoor Features

  • Deck
  • Porch
  • Patio
Google Map

Map

4603 S Sherman Dr, Indianapolis, IN 46237

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
MondayClosed
TuesdayBy Appointment
WednesdayClosed
ThursdayBy Appointment
FridayBy Appointment
SaturdayBy Appointment
SundayClosed

Getting Around

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

22 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Sherman Village

Where is Sherman Village located?

Sherman Village is located at 4603 S Sherman Dr near the South Emerson area of Indianapolis, IN

What is the current rent range at Sherman Village?

Call us today for rates on the 1 Bedroom to 3 options at Sherman Village

When is the leasing office open?

  • The office Hours for Sherman Village are
  • Monday Closed
  • Tuesday By Appointment
  • Wednesday Closed
  • Thursday By Appointment
  • Friday By Appointment
  • Saturday By Appointment
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at Sherman Village is: Apartments at Sherman Village won't last long. All apartment homes have washer dryer connections. Don't wait.... and call today!.

Lifestyle Ratings

  • Affordability Nice Value3.4

    The Sherman Village Apartments are 16.73% cheaper than the average apartment in the South Emerson area, and 35.5% cheaper than the average apartment city-wide.

    Rent Comparison to the South Emerson Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$925$1,116-$191-17.1%
    2 Bedroom$1,050$1,296-$246-19.0%
    3 Bedroom$1,300$1,514-$214-14.1%

    Rent Comparison to the city of Indianapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$925$1,384-$459-33.2%
    2 Bedroom$1,050$1,673-$623-37.2%
    3 Bedroom$1,300$2,035-$735-36.1%

    Methodology: On 09/06/2025, ApartmentHomeLiving.com compared current rents by floorplan to 83 other apartment communities in the immediate area around Sherman Village (South Emerson), and 2576 other apartment communities in Indianapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 09/06/2025

Learn more about Lifestyle Search

Renters Reviews and Ratings

5.0
1 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Great space and price

    September 7, 2023
    I moved here from Texas hesitant cause of the previous reviews. Don’t let those review fool you they are old reviews nothing current. This place is quiet and the price is right for the space . I am glad I took the leap and choose this apartment complex.
    Review from Apartments.com

Nearby Schools

Jeremiah Gray-Edison Elementary School

Perry Township Schools
5225 Gray Rd
Public School - Grades PK-5 (562 Students)
In Attendance Zone2 minute drive / 0.8 miles away
7/10

Southport 6th Grade Academy

Perry Township Schools
5715 South Keystone Avenue
Public School - Grades 6 (643 Students)
In Attendance Zone4 minute drive / 1.5 miles away
6/10

Southport High School

Perry Township Schools
971 East Banta Road
Public School - Grades 9-12 (2355 Students)
In Attendance Zone6 minute drive / 3.0 miles away
4/10

Southport Middle School

Perry Township Schools
5715 South Keystone Avenue
Public School - Grades 7-8 (1194 Students)
In Attendance Zone4 minute drive / 1.5 miles away
5/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Sherman Village.

Arts Museums and Landmarks

Lucas Oil Stadium

500 South Capitol Ave
11 minute drive / 5.33 miles away

ArtsGarden

50 W. Washington Street
11 minute drive / 5.6 miles away

Indianapolis Repertory Theater

140 W. Washington Street
12 minute drive / 5.66 miles away

Big Box and Retail

Lowe's

4444 S Emerson Ave
2 minute drive / 0.78 miles away

Kroger

5350 E Thompson Rd
3 minute drive / 1.23 miles away

Walgreens

1808 Albany St
4 minute drive / 1.66 miles away

Colleges and Universities

University of Indianapolis

1400 E Hanna Ave
5 minute drive / 1.96 miles away

Indiana University-Indianapolis

425 University Blvd
14 minute drive / 6.54 miles away

Indiana University School of Medicine

340 W 10th St
14 minute drive / 6.93 miles away

Groceries

Kroger

5350 E Thompson Rd
3 minute drive / 1.23 miles away

Aldi

6691 E Washington St
11 minute drive / 5.51 miles away

Hospitals

Franciscan Health Indianapolis

8111 S Emerson Ave
7 minute drive / 3.68 miles away

Community Hospital South

1402 E County Line Rd S
10 minute drive / 4.8 miles away

Valle Vista Health System

898 E Main St
12 minute drive / 5.97 miles away

Military Bases

Naval Avionics Center

14 minute drive / 6.75 miles away

Parks and Recreation

Garfirled Conservatory

2505 Conservatory Drive
6 minute drive / 3.1 miles away

White River State Park

White River State Park
13 minute drive / 6.16 miles away

Benjamin Harrison House

1230 North Delaware Street
13 minute drive / 6.46 miles away

Sherman Village has 4 parks within 8.2 miles, including Garfirled Conservatory, White River State Park, Benjamin Harrison House, and SpaceQuest Planetarium.

Restaurants and Dining

Iaria's Italian Restaurant

317 South College Avenue
10 minute drive / 4.92 miles away

Elements

415 North Alabama Street
12 minute drive / 5.75 miles away

Gabriel's Cafe

320 North Meridian St
12 minute drive / 5.85 miles away

Shopping Centers

Carson Square

3121-3149 E Thompson Rd
2 minute drive / 0.76 miles away

College Shopping Center

3209 E Hanna Ave
2 minute drive / 0.78 miles away

Retail Strip Center

3121 E Thompson Rd
2 minute drive / 0.79 miles away

Sherman Village has 5 shopping centers within 0.9 miles.

Nearby Neighborhoods

Studio to 4 Bedroom Apartments from $665
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Studio to 4 Bedroom Apartments from $720
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Studio to 4 Bedroom Apartments from $720
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Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Indianapolis Studio Apartments $1,206$581$5,271
Indianapolis 1 Bedroom Apartments $1,384$581$4,071
Indianapolis 2 Bedroom Apartments $1,673$563$5,706
Indianapolis 3 Bedroom Apartments $2,035$1,099$7,504
Indianapolis 4 Bedroom Apartments $1,939$550$8,135
Indianapolis 5 Bedroom Apartments $4,639$1,000$8,318

Browse Top Apartments in Indianapolis

Viewing: Sherman Village | Desktop Version | Listing Updated: 10/03/2025 | AHLSLV