close
View Me
Rent Specials
$620 - $1,350Studio to 3 Bedroom Apartments Available Now
The Stratford
3201 Watergate RdIndianapolis, IN 46224
Cheap Apartments for Rent in the Island Village Neighborhood of Indianapolis, IN from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Village area of Indianapolis.
close
View Me
$740 - $1,195Studio to 2 Bedroom Apartments Contact Us For Availability
Marabou Mills
3402 Marabou Mills DrIndianapolis, IN 46214
close
View Me
$741 - $1,203Studio to 2 Bedroom Apartments Available Now
Mariners Village Apartments
7135 Islander DrIndianapolis, IN 46214
close
View Me
$767 - $1,2711 to 2 Bedroom Apartments Available May 10
Eagle Creek Court
2148 Augusta Dr EIndianapolis, IN 46224
close
View Me
$780 - $1,6641 to 3 Bedroom Apartments Available Now
The Life at Wood Springs
6495 Piping Rock LnIndianapolis, IN 46254
close
View Me
$809 - $1,4741 to 3 Bedroom Apartments Available Now
Darby Court
2135 N High School RdIndianapolis, IN 46224
close
View Me
Rent Specials
$819 - $1,2491 to 2 Bedroom Apartments Available Now
The Meadows Apartment Homes
5505 Scarlet DrIndianapolis, IN 46224
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
Rent Specials
$819 - $1,5951 to 3 Bedroom Apartments Available Now
Woodhaven Park
6363 Commons DrIndianapolis, IN 46254
close
View Me
$828 - $2,400Studio to 3 Bedroom Apartments Available Now
Scarborough Lake Apartments
6430 Maidstone RdIndianapolis, IN 46254
close
View Me
Rent Specials
$829 - $1,4511 to 4 Bedroom Apartments Available Now
The Life at Northwest Gardens
5816 W 38th StIndianapolis, IN 46254
close
View Me
Rent Specials
$835 - $2,220
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$767 - $2,152
Required Monthly Fees
$68
Total Monthly Price
$835 - $2,220
Astoria Park Apartment Homes
3640 Beluga LnIndianapolis, IN 46214
close
View Me
Rent Specials
$849 - $1,6861 to 3 Bedroom Apartments Available Now
The Life at White Pines
3287 Tara CtIndianapolis, IN 46224
close
View Me
1 to 3 Bedroom Apartments
Three Fountains West Cooperative
5501 W 43rd StIndianapolis, IN 46254
close
View Me
1 to 3 Bedroom Apartments
Whispering Pines
4444 Mission DrIndianapolis, IN 46254
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
1 to 3 Bedroom Apartments
Mayfield Green Cooperative
5537 W 44th StIndianapolis, IN 46254
close
View Me
1 to 3 Bedroom Apartments
Sebring Court
1902 Parsons DrIndianapolis, IN 46224
close
View Me
1 to 3 Bedroom Apartments
Villa Del Sol Apartments
3636 Mission DrIndianapolis, IN 46224
close
View Me
1 to 3 Bedroom Apartments
Heather Ridge
3245 Heather Ridge DrIndianapolis, IN 46214
close
View Me
$773 - $1,4681 to 2 Bedroom Apartments Contact Us For Availability
Stanford Court
1815 Foyt DrSpeedway, IN 46224
close
View Me
Studio to 3 Bedroom Apartments
Brickyard Flats
6363 Hollister DrSpeedway, IN 46224
close
View Me
1 to 2 Bedroom Apartments
The Legend at Speedway
2202 Fair Oaks DrSpeedway, IN 46224
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
Showing Results 1-21, Page 1 of 1
Island Village, Indianapolis, IN Local Guide
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Island Village Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Island Village, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Island Village, IN
As of February 21, 2026 the best value apartment in the Island Village area is the $1.21 price per square foot Wonder - Renovated Model at Eagle Creek by Spark Living in the in the Timberview neighborhood starting from $1,451. The second greatest value Island Village apartment is the The Escape Model at Pebble Point starting at $1,049 with a $1.08 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Island Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Creek by Spark Living | Wonder - Renovated | 2BR,2BA | $1.21 |
| Pebble Point | The Escape | 2BR,2BA | $1.08 |
| The Maywood at Speedway | The Santa Maria | 2BR,1.5BA | $1.29 |
| Eagle Lake Landing | The Bay Breeze | 1BR,2BA | $1.28 |
| Villa Del Sol Apartments | Spacious one bed one bathroom apartment | 1BR,1BA | $1.04 |
| The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| Brickyard Flats | A1 | 1BR,1BA | $1.23 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.26 |
| The Meadows Apartment Homes | 1x1 Hartford Classic | 1BR,1BA | $1.31 |
| Mariners Village Apartments | 0 Bedroom 1 Bathroom | Studio ,1BA | $1.23 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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.
Let everyone know!
Do you know the Island Village area?
If you’re an expert on all things Island Village, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleIsland Village, Indianapolis, IN
Ranked #92
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
Our team is proud to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Indiana, including Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
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
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.