4291 Village Pkwy Cir W
IndianapolisIN46254
Cheap Homes for Rent in Island Village Neighborhood of Indianapolis, IN from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Village area of Indianapolis.
8845 Robey Dr
IndianapolisIN46234
5362 Falcon Ln
IndianapolisIN46224
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.
3407 Ellen Dr
IndianapolisIN46224
5801 W 25th St
IndianapolisIN46224
3357 Ashley Ln
IndianapolisIN46224
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.
6314 Commons Dr
IndianapolisIN46254
Showing Results 1-7, 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 | $1,299 | $1,299 | $1,299 |
| Island Village 3 Bedroom Homes for Rent | $1,693 | $1,325 | $2,050 |
| Island Village 4 Bedroom Homes for Rent | $2,158 | $1,850 | $2,530 |
| Island Village 5 Bedroom Homes for Rent | $2,174 | $1,999 | $2,350 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Studio unit found at Marabou Mills priced from $740. Wylde at Eagle Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here are the most affordable Island Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marabou Mills | Studio | Studio,1BA | $740 |
| Wylde at Eagle Creek | Eagles Nest | 1BR,1BA | $757 |
| The Legend at Speedway | A1 | 1BR,1BA | $786 |
Best Value Apartments for Rent in Island Village, IN
As of July 28, 2025 the best value apartment in the Island Village area is the $1.20 price per square foot 2 Bed 2 Bath Renovated Model at Center Point in the in the Timberview neighborhood starting from $1,505. The second greatest value Island Village apartment is the Two Bedroom One Bathroom Model at Mariners Village starting at $1,138 with a $0.95 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. |
|---|---|---|---|
| Center Point | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.20 |
| Mariners Village | Two Bedroom One Bathroom | 2BR,1BA | $0.95 |
| EAGLE CHASE APARTMENTS | Canadian | 2BR,2BA | $1.32 |
| Eagle Creek Apartments | Spruce Renovated | 2BR,1.5BA | $1.35 |
| Wylde at Eagle Creek | Bald Eagle | 2BR,2BA | $1.31 |
| Eagle Creek Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.11 |
| Villa Del Sol Apartments | Spacious one bed one bathroom apartment | 1BR,1BA | $1.04 |
| The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.11 |
| Brickyard Flats | A1 | 1BR,1BA | $1.27 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Island Village
What type of rentals are currently available in Island Village?
There are currently 55 Apartments for Rent in Island Village, IN with pricing that ranges from $707 to $3,608. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Village ranging from $1,299 to $2,530.
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 $1,299 to $2,530 with an average monthly rent of $1,831.
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 $1,320 to $3,608, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $2,050. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,399.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.