
Cheap Apartments for Rent in the North Perry Neighborhood of Indianapolis, IN from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Perry area of Indianapolis.


Garfield Park Village

Pine Glen

Bluff Crossing Apartments

Capital Place

Hanna Village

5700 Madison Apartments & Edgewood on Madison
North Perry, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in North Perry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Perry Studio Apartments | $876 | $665 | $1,199 |
| North Perry 1 Bedroom Apartments | $1,017 | $747 | $1,499 |
| North Perry 2 Bedroom Apartments | $1,172 | $797 | $1,717 |
| North Perry 3 Bedroom Apartments | $1,359 | $1,170 | $1,599 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the North Perry Neighborhood of Indianapolis, IN.
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North Perry, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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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 5700 Madison Apartments & Edgewood on Madison priced from $670. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable North Perry apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio,1BA | $670 |
| Garfield Park Village | 1/1 Vintage | 1BR,1BA | $750 |
| Spicewood | Studio | Studio,1BA | $799 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $907 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $967 |
Best Value Apartments for Rent in North Perry, IN
As of November 11, 2025 the best value apartment in the North Perry area is the $1.27 price per square foot Sycamore Two Model at Brookwood Apartments in the in the Shelby Street-Epler Avenue neighborhood starting from $1,250. The second greatest value North Perry apartment is the Concord Model at Hanna Village starting at $1,299 with a $1.43 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 | Sycamore Two | 3BR,1.5BA | $1.27 |
| Hanna Village | Concord | 2BR,1BA | $1.43 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.30 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.47 |
| Bluff Crossing Apartments | 1BR | 1BR,1BA | $1.97 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $1.57 |
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Loft | Studio ,1BA | $1.32 |
| Garfield Park Village | 1/1 Renovated | 1BR,1BA | $1.66 |
| Residence on Penn | 0BR/1.0BA | Studio ,1BA | $2.41 |
| Spicewood | Studio | Studio ,1BA | $2.77 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleNorth Perry, Indianapolis, IN
Ranked #223
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the North Perry Neighborhood in Indianapolis, IN
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,399.
What is the price of a cheap apartment in North Perry?
The cheapest apartment in North Perry is Garfield Park Village which is listed at $750, while the average apartment in North Perry costs $1,307.
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 30 regular apartments in North Perry that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.





