6458 Lupine Terrace
IndianapolisIN46224
Cheap Homes for Rent in Island Village Neighborhood of Indianapolis, IN from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Village area of Indianapolis.
6436 Lupine Terrace
IndianapolisIN46224
6474 Lupine Terrace
IndianapolisIN46224
3269 Lupine Dr
IndianapolisIN46224
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
6011 W 25th St
IndianapolisIN46224
6536 Lupine Ter, Unit 6536 Lupine Terrace
6536 Lupine Ter
IndianapolisIN46224
3281 Lupine Dr
IndianapolisIN46224
8154 Old Farm Ln
IndianapolisIN46214
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.
6340 Commons Dr
IndianapolisIN46254
Showing Results 1-9, Page 1 of 1
Island Village, Indianapolis, IN Local Guide
How much does it cost to rent a home in Island Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Village 2 Bedroom Homes for Rent | $1,132 | $950 | $1,585 |
| Island Village 3 Bedroom Homes for Rent | $1,899 | $1,400 | $2,400 |
| Island Village 4 Bedroom Homes for Rent | $2,247 | $1,850 | $2,585 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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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Cheapest Available Island Village Apartments for Rent
The cheapest available apartment rental in the Island Village area of Indianapolis, IN is a 1 Bed unit found at The Legend at Speedway priced from $799. The Life at Wood Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. Here are the most affordable Island Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $806 |
| The Life at White Pines | PINE | 1BR,1BA | $849 |
Best Value Apartments for Rent in Island Village, IN
As of June 08, 2026 the best value apartment in the Island Village area is the $1.31 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,664. The second greatest value Island Village apartment is the 2 Bedroom 1 Bathroom Model at Mariners Village Apartments starting at $1,164 with a $0.98 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. |
|---|---|---|---|
| The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM A | 3BR,2BA | $1.31 |
| Mariners Village Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.98 |
| Villa Del Sol Apartments | ?? Your Perfect 3 Bed / 1.5 Bath Small Townhome | 3BR,1.5BA | $1.20 |
| The Maywood at Speedway | The Concord | 2BR,1BA | $1.17 |
| Brickyard Flats | B1 | 2BR,1BA | $1.21 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1.35 |
| The Life at Northwest Gardens | 2 BED 1 BATH | 2BR,1BA | $1.22 |
| The Stratford Apartments | One Bed One Bath- Large | 1BR,1BA | $1.25 |
| Astoria Park Apartment Homes | One Bedroom - 712 sqft | 1BR,1BA | $1.33 |
| The Life at White Pines | PINE | 1BR,1BA | $1.22 |
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
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.
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Pet Friendly LifestyleIsland Village, Indianapolis, IN
Ranked #86
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 type of rentals are currently available in Island Village?
There are currently 58 Apartments for Rent in Island Village, IN with pricing that ranges from $689 to $3,238. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Village ranging from $950 to $2,585.
What is the current price range for Rental Homes in Island Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Village ranges from $950 to $2,585 with an average monthly rent of $1,759.
How much are larger Three and Four Bedroom Rentals in Island Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Island Village range from $1,300 to $3,238, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,399.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.