701 W Hanna Ave
IndianapolisIN46217
Cheap Apartments for Rent in the North Perry Neighborhood of Indianapolis, IN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Perry area of Indianapolis.
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Rent Specials
$699 - $1,486Studio to 2 Bedroom Apartments Available Now
Garfield Park Village
360 Sandra LnIndianapolis, IN 46227
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$790 - $1,495Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
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Rent Specials
$796 - $1,3941 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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$799 - $1,7001 to 2 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
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$849 - $1,4091 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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.
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$850 - $1,0501 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
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$1,000 - $1,3601 to 3 Bedroom Apartments Available Now
City Heights
457 Monument View DrIndianapolis, IN 46227
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$1,099 - $1,4991 to 3 Bedroom Apartments Available Now
Hanna Village
4020 Hanna Village DrIndianapolis, IN 46227
3244-3246 W Mooresville Rd
IndianapolisIN46221
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1 Bedroom Apartments
Parkside Living Apartments
2900 S Pennsylvania StIndianapolis, IN 46225
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Studio to 2 Bedroom Apartments
Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
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.
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Studio to 2 Bedroom Apartments
Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
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2 Bedroom Apartments
Garfield Place
2236 Ransdell StIndianapolis, IN 46225
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Studio to 2 Bedroom Apartments
Spicewood
354 Spicewood DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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2 Bedroom Apartments
Markwood Terrace Apartments
920 E Markwood AveIndianapolis, IN 46227
615 E Thompson Rd
IndianapolisIN46227
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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Showing Results 1-18, Page 1 of 1
North Perry, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in North Perry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Perry Studio Apartments | $966 | $777 | $1,215 |
| North Perry 1 Bedroom Apartments | $944 | $699 | $1,540 |
| North Perry 2 Bedroom Apartments | $1,177 | $849 | $2,924 |
| North Perry 3 Bedroom Apartments | $1,448 | $1,210 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the North Perry Neighborhood of Indianapolis, IN.
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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 Studio unit found at Garfield Park Village priced from $777. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable North Perry apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Park Village | 0/1 Renovated | Studio,1BA | $777 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $790 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $796 |
| Spicewood | Studio | Studio,1BA | $799 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $849 |
Best Value Apartments for Rent in North Perry, IN
As of July 06, 2026 the best value apartment in the North Perry area is the $1.34 price per square foot 3 Bedroom 1.5 Bath Model at Brookwood Apartments in the in the Shelby Street-Epler Avenue neighborhood starting from $1,319. The second greatest value North Perry apartment is the 2BR Model at Bluff Crossing Apartments starting at $1,499 with a $1.67 price per square foot in the Concord neighborhood. Here is today’s list of the best values for North Perry apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brookwood Apartments | 3 Bedroom 1.5 Bath | 3BR,1.5BA | $1.34 |
| Bluff Crossing Apartments | 2BR | 2BR,2BA | $1.67 |
| Residence on Penn | Your Brand New Home Awaits! | 1BR,1BA | $2.05 |
| City Heights | 1 x 1 | 1BR,1BA | $1.44 |
| Hanna Village | Camden | 1BR,1BA | $1.64 |
| Capital Place | One Bedroom One Bath | 1BR,1BA | $1.38 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $1.38 |
| Garfield Park Village | 0/1 Renovated | Studio ,1BA | $1.73 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio ,1BA | $1.89 |
| Spicewood | Studio | Studio ,1BA | $2.77 |
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 $1,540.
What is the price of a cheap apartment in North Perry?
The cheapest apartment in North Perry is Brookwood Apartments which is listed at $796, while the average apartment in North Perry costs $1,359.
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 34 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 $294 which is $1,065 cheaper than the average rent for all rentals in North Perry.
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.
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