
Cheap Apartments for Rent in the South Perry Neighborhood of Indianapolis, IN from $300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Perry area of Indianapolis.


Sherbrook

Brookwood Apartments

Greentree Apartments

Berkley Commons
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.

The Sycamores

Beechmill Apartments

Waterford Place Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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.

Brookhaven at County Line Senior Apartments
South Perry, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in South Perry?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Perry Studio Apartments | $1,120 | $834 | $1,390 |
South Perry 1 Bedroom Apartments | $1,177 | $390 | $1,975 |
South Perry 2 Bedroom Apartments | $1,356 | $995 | $2,216 |
South Perry 3 Bedroom Apartments | $1,596 | $1,275 | $2,300 |
South Perry 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the South Perry Neighborhood of Indianapolis, IN.
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South Perry, Indianapolis, IN Local Guide
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Cheapest Available South Perry Apartments for Rent
 The cheapest available apartment rental in the South Perry area of Indianapolis, IN is a Studio unit found at South & Madison priced from $840. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $853. Here are the most affordable South Perry apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
South & Madison | E2 | Studio,1BA | $840 |
Windsor Court | Deluxe One Bedroom (AN1) | 1BR,1BA | $853 |
Brookwood Apartments | Elm | 1BR,1BA | $918 |
The Sycamores | A1 The Sycamores 1/1 | 1BR,1BA | $950 |
Sherbrook | One Bed One Bath | Studio,1BA | $999 |
Best Value Apartments for Rent in South Perry, IN
As of June 04, 2025 the best value apartment in the South Perry area is the $0.89 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,239. The second greatest value South Perry apartment is the 3x2.5 TH Model at South Haven Village Apartments starting at $1,520 with a $1.17 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for South Perry apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.89 |
South Haven Village Apartments | 3x2.5 TH | 3BR,2.5BA | $1.17 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.22 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
Oak Park | Forest | 1BR,1BA | $1.17 |
Beechmill Apartments | Elm | 2BR,1BA | $1.30 |
Waterford Place Apartments | The Dublin | 2BR,1BA | $1.37 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
Windsor Court | Deluxe One Bedroom (AN1) | 1BR,1BA | $1.29 |
Quick Rent Budget Calculator
How much rent can you afford?
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Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for South Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the South Perry Neighborhood in Indianapolis, IN
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 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 South Perry Apartments
What is the Cheapest Studio apartment in South Perry?
Currently the most affordable Cheap Studio Apartment in South Perry is at South & Madison listed at $840.
How much is rent for a Cheap One Bedroom South Perry Apartment?
The lowest price for a Cheap One Bedroom South Perry Apartment is $842 at South & Madison.
What is the lowest price for a Cheap Two Bedroom South Perry Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Perry is starting from $1,025 at The Sterling.
What is the most affordable South Perry Three Bedroom Apartment?
The best deal on a cheap South Perry Three Bedroom Apartment rental is at Berkley Commons and starts from $1,380.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.