
Apartments for Rent in the Island Village Neighborhood of Indianapolis, IN Under $1,200 (42 Rentals)


Astoria Park Apartment Homes

The Hermitage

Eagle Creek by Spark Living

Pier 39 Apartments & Townhomes

Deercross

Idlewood Apartments

Spinnaker Court
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Eagle’s Edge

Mariners Village Apartments

The Meadows Apartment Homes

Waterfront Pointe

Fisherman's Village

The Life at Wood Springs

The Maywood at Speedway
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Life at Northwest Gardens

The Life at White Pines

Riverchase Apartments

Woodhaven Park

Total Monthly Price
Wylde at Eagle Creek

Marabou Mills

Pebble Point Apartments

Center Point
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.

The Stratford Apartments

Darby Court

Eagle Creek Court

Scarborough Lake Apartments

5801 W 25th St

6011 W 25th St

3266 Lupine Dr

Mayfield Green Cooperative
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!

Three Fountains West Cooperative

5911 W 25th St

Heather Ridge

Villa Del Sol Apartments

Sebring Court

Aragon Woods

Whispering Pines

Stanford Court
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Brickyard Flats

The Legend at Speedway
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 | $869 | $740 | $1,109 |
| Island Village 1 Bedroom Apartments | $1,029 | $760 | $2,499 |
| Island Village 2 Bedroom Apartments | $1,365 | $980 | $2,548 |
| Island Village 3 Bedroom Apartments | $1,727 | $1,371 | $3,178 |
| Island Village 4 Bedroom Apartments | $2,399 | $2,399 | $2,399 |
Browse Apartments in this Neighborhood
There are currently 42 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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Your 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 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 #68
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Island Village
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 $760 to $2,499 with an average monthly rent of $1,029.
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 $980 to $2,548. Today's average rental price for Two Bedrooms here is $1,365.
How expensive are Island Village Three Bedroom Apartments?
There are currently 33 Three Bedroom Apartments listings available in Island Village on ApartmentHomeLiving.com. The pricing ranges from $1,371 to $3,178 - averaging $1,727 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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.

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.

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.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.