
Apartments for Rent in the Island Village Neighborhood of Indianapolis, IN (85 Rentals)


Astoria Park Apartment Homes

The Hermitage

Eagle Creek by Spark Living

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Eagle’s Edge

Mariners Village Apartments

Spinnaker Court

Idlewood Apartments

The Meadows Apartment Homes
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Deercross

The Maywood at Speedway

Waterfront Pointe

The Life at Wood Springs

Loch Haven

Fisherman's Village

Founders Square Senior Apartments, LP

The Life at Northwest Gardens

Eagle Chase

The Life at White Pines
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Riverchase Apartments

Woodhaven Park

Total Monthly Price
Wylde at Eagle Creek

Darby Court

Pier 39 Apartments & Townhomes

Pebble Point Apartments

Center Point

The Stratford Apartments

Eagle Creek Court

Scarborough Lake Apartments
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2160 Canvasback Dr

6759 Stanhope Way

5837 Walsham Way

6722 Foxfire Dr

8341 Rodney Dr

6647 Stanhope Way

4319 Towne Ct

7727 Gullit Way

1861 Ambassador Ct

6843 Owls Nest Ct
Island Village - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

5925 Sunwood Dr

4420 Courtfield Dr

6735 Ossington Dr

7569 Cherryhill Dr

5908 Dunseth Ct

7569 Cherryhill Dr

6627 Live Oak Rd

3266 Lupine Dr

5925 Sunwood Dr

4351 Village Pkwy Cir W
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Island Village, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Island Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Village Studio Apartments | $840 | $699 | $1,099 |
| Island Village 1 Bedroom Apartments | $1,039 | $767 | $2,463 |
| Island Village 2 Bedroom Apartments | $1,353 | $969 | $2,728 |
| Island Village 3 Bedroom Apartments | $1,740 | $1,371 | $3,076 |
| Island Village 4 Bedroom Apartments | $2,399 | $2,399 | $2,399 |
How much does it cost to rent a home in Island Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,143 | $999 | $1,550 |
| 3 Bedroom Homes | $1,802 | $1,350 | $2,400 |
| 4 Bedroom Homes | $2,257 | $1,850 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 85 rentals with your search options within a 2 mile radius of the Island Village Neighborhood of Indianapolis, IN.
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Island Village, Indianapolis, IN Local Guide
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Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleIsland Village, Indianapolis, IN
Ranked #82
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Indiana and customized analysis for Western Indianapolis, IN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, transit availability, pet-friendly communities, places that make kids happy, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Family-Friendly Rating
When renting for a family with younger kids, location matters. Island Village is now ranked as a leading part of town for families, with a score of 3.5 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. This includes features like parks, pet amenities, playgrounds, trails and recreation, and more.
Outdoors Rating
For some, access to nice outdoor spaces is something they look for when they rent. This area of town has a reputation as providing first-class access to the outdoors, with a score of 3.5 out of 4.
Luxury Living Rating
This section of town ranks as one of our favorite upscale neighborhoods in town, with a score of 3.5 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like pools, saunas, workout spaces, on-site concierge services, views, access to parks, and kitchen details like granite and high-end fixtures. Luxury neighborhoods also often offer tile or hardwood floors, raquetball courts, and a full-time security staff or doorman.
Pet Friendly Rating
Does your family raise dogs and cats? this part of Indianapolis is one of the finest submarkets for pet owners who rent, with a score of 3.5 out of 4.
Frequently Asked Questions about Island Village
What is the current pricing and availability for apartments for rent in the Island Village area of Indianapolis, IN?
As of today, July 25, 2026, there are currently 85 available Island Village apartments priced from $699 to $3,076, with an average monthly rent of $1,260.
What is the current price range for One Bedroom Island Village Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Island Village ranges from $767 to $2,463 with an average monthly rent of $1,039.
What does renting a Two Bedroom Apartment in Island Village cost?
The monthly rent prices of Two Bedroom Apartments currently available in Island Village range from $969 to $2,728. Today's average rental price for Two Bedrooms here is $1,353.
How expensive are Island Village Three Bedroom Apartments?
There are currently 31 Three Bedroom Apartments listings available in Island Village on ApartmentHomeLiving.com. The pricing ranges from $1,371 to $3,076 - averaging $1,740 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Articles, How-To's, and Tips

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.