Cheap Apartments for Rent in the North Perry Neighborhood of Indianapolis, IN from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Perry area of Indianapolis.

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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
  • Utilities Included
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
Senior Living
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CrossRoads @ Southgreen
1 to 2 Bedroom Apartments

CrossRoads @ Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included

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Cheapest Available North Perry Apartments for Rent

 

The cheapest available apartment rental in the North Perry area of Indianapolis, IN is a 1 Bed unit found at Brookwood Apartments priced from $755. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable North Perry apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$755
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$800
Garfield Park Village1/1 Renovated1BR,1BA$810
Capital PlaceTwo Bedroom One Bath2BR,1BA$849
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$850

Best Value Apartments for Rent in North Perry, IN

As of August 20, 2026 the best value apartment in the North Perry area is the $1.29 price per square foot 3 Bedroom 1.5 Bath Model at Brookwood Apartments in the in the Shelby Street-Epler Avenue neighborhood starting from $1,271. The second greatest value North Perry apartment is the CrossRoads @ Madison Park - 01 Model at CrossRoads @ Madison Park starting at $950 with a $1.10 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for North Perry apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookwood Apartments3 Bedroom 1.5 Bath3BR,1.5BA$1.29
CrossRoads @ Madison ParkCrossRoads @ Madison Park - 012BR,1BA$1.10
Capital PlaceTwo Bedroom One Bath w/Den2BR,1BA$1.28
701 E Perry St, Unit 701 E. Perry Street701 E Perry St2BR,1BA$1.06
755 E Perry St, Unit 755 E. Perry Street755 E Perry St2BR,1BA$1.06
CrossRoads @ SouthgreenCrossRoads @ Southgreen - 615-1...2BR,1BA$1.20
Markwood Terrace Apartments1bd Standard1BR,1BA$1.26
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$1.38
Pine Glen1x1 Classic WL1BR,1BA$1.43
135 Bixler Rd, Unit Studio Apartment135 Bixler RdStudio ,1BA$1.50

Frequently Asked Questions about Cheap North Perry Apartments

What is a cheap apartment in North Perry?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Perry is under $950.

What is the price of a cheap apartment in North Perry?

The cheapest apartment in North Perry is Brookwood Apartments which is listed at $755, while the average apartment in North Perry costs $1,099.

What types of apartments are the cheapest in North Perry?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in North Perry that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in North Perry?

Cheap apartments in North Perry have an average cost of $220 which is $879 cheaper than the average rent for all rentals in North Perry.

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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.

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