
Apartments for Rent in the Island Village Neighborhood of Indianapolis, IN Under $1,500 (48 Rentals)


The Hermitage

Eagle Lake Landing

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Eagle’s Edge

Mariners Village Apartments

Idlewood Apartments

Spinnaker Court

Eagle Creek by Spark Living
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 Meadows Apartment Homes

Deercross

Waterfront Pointe

The Life at Wood Springs

The Maywood at Speedway

Loch Haven

Fisherman's Village

The Life at Northwest Gardens

Eagle Chase
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.

Riverchase Apartments

The Life at White Pines

Woodhaven Park

Total Monthly Price
Wylde at Eagle Creek

Darby Court

Pier 39 Apartments & Townhomes

Pebble Point

Center Point

The Stratford Apartments
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.

Eagle Creek Court

Scarborough Lake Apartments

4291 Village Pkwy Cir W

4291 Village Pkwy Cir W

5720 W 41st Pl

4291 Village Pkwy Cir W

5929 Wixson Ct

6011 W 25th St

Mayfield Green Cooperative
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.

Three Fountains West Cooperative

Honey Creek Apartments

Villa Del Sol Apartments

Heather Ridge

Sebring Court

Marabou Mills

Aragon Woods

Whispering Pines

Runaway Bay Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Stanford Court

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 | $870 | $689 | $1,109 |
| Island Village 1 Bedroom Apartments | $1,040 | $767 | $2,593 |
| Island Village 2 Bedroom Apartments | $1,378 | $988 | $2,783 |
| Island Village 3 Bedroom Apartments | $1,755 | $1,269 | $3,246 |
| Island Village 4 Bedroom Apartments | $2,187 | $1,975 | $2,399 |
Browse Apartments in this Neighborhood
There are currently 48 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
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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 #88
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $767 to $2,593 with an average monthly rent of $1,040.
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 $988 to $2,783. Today's average rental price for Two Bedrooms here is $1,378.
How expensive are Island Village Three Bedroom Apartments?
There are currently 32 Three Bedroom Apartments listings available in Island Village on ApartmentHomeLiving.com. The pricing ranges from $1,269 to $3,246 - averaging $1,755 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

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.

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.
Articles, How-To's, and Tips

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.