3266 Lupine Dr
IndianapolisIN46224
Cheap Homes for Rent in the Island Village Neighborhood of Indianapolis, IN from $949 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Village area of Indianapolis.
6011 W 25th St
IndianapolisIN46224
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.
5801 W 25th St
IndianapolisIN46224
2999 Eagles Crest Cir, Unit C
2999 Eagles Crest Cir
IndianapolisIN46214
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
6340 Commons Dr
IndianapolisIN46254
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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 | $1,174 | $949 | $1,550 |
| Island Village 3 Bedroom Homes for Rent | $1,918 | $1,400 | $2,400 |
| Island Village 4 Bedroom Homes for Rent | $2,218 | $1,795 | $2,550 |
| Island Village 5 Bedroom Homes for Rent | $2,090 | $2,090 | $2,090 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 The Stratford Apartments priced from $759. Eagle Creek Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable Island Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stratford Apartments | Studio Upgraded | Studio,1BA | $759 |
| Eagle Creek Court | Standard One Bedroom (SN1) | 1BR,1BA | $779 |
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
Best Value Apartments for Rent in Island Village, IN
As of September 08, 2026 the best value apartment in the Island Village area is the $1.30 price per square foot Newport 1 Model at Runaway Bay Apartments in the in the Cheswick Place neighborhood starting from $1,470. The second greatest value Island Village apartment is the ??** Waiting List ** 3 Bed / 1.5 Bath Small Tow... Model at Villa Del Sol Apartments starting at $1,315 with a $1.20 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. |
|---|---|---|---|
| Runaway Bay Apartments | Newport 1 | 2BR,2BA | $1.30 |
| Villa Del Sol Apartments | ??** Waiting List ** 3 Bed / 1.5 Bath Small Tow... | 3BR,1.5BA | $1.20 |
| Eagle Chase | B1 Canadian | 2BR,2BA | $1.34 |
| The Meadows Apartment Homes | 2x1 Townhome Upgrade | 2BR,1BA | $1.32 |
| The Maywood at Speedway | The Santa Maria | 2BR,1.5BA | $1.32 |
| Darby Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.19 |
| Brickyard Flats | B1 | 2BR,1BA | $1.21 |
| Marabou Mills | Two Bed Two Bath with Master Bed | 2BR,2BA | $1.38 |
| The Life at White Pines | PINE | 1BR,1BA | $1.22 |
| Mariners Village Apartments | 0 Bedroom 1 Bathroom | Studio ,1BA | $1.27 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 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.
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Quick 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 #70
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 57 Apartments for Rent in Island Village, IN with pricing that ranges from $702 to $3,380. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Village ranging from $949 to $2,550.
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 $949 to $2,550 with an average monthly rent of $1,817.
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 $1,349 to $3,380, 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 $1,795 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
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
Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.