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$665 - $1,370Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
Cheap Apartments for Rent in the South Perry Neighborhood of Indianapolis, IN from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Perry area of Indianapolis.
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$805 - $1,235Studio to 2 Bedroom Apartments Available Now
Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
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$899 - $1,0991 to 3 Bedroom Apartments Available Now
Greentree Apartments
2524 Tamarack LnIndianapolis, IN 46227
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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$925 - $1,6751 to 4 Bedroom Apartments Available Now
Berkley Commons
8201 Madison AveIndianapolis, IN 46227
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$975 - $1,6501 to 3 Bedroom Apartments Available Now
The Sycamores
7913 Ella Dobbs LnIndianapolis, IN 46227
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$975 - $1,1001 to 2 Bedroom Apartments Available Now
The Sterling
8020 Madison AveIndianapolis, IN 46227
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$994 - $1,175Studio to 2 Bedroom Apartments Available Now
Sherbrook
8026 McFarland CtIndianapolis, IN 46227
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$995 - $1,5351 to 2 Bedroom Apartments Available Now
Waterford Place Apartments
1009 Lismore LnIndianapolis, IN 46227
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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1 to 2 Bedroom Apartments
Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
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$750 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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$815 - $2,405Studio to 3 Bedroom Apartments Available Sep 22
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$917 - $1,5801 to 3 Bedroom Apartments Available Now
Auburn Place Apartments
745 Wooddale TerGreenwood, IN 46142
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$999 - $1,7901 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
Showing Results 1-20, Page 1 of 1
South Perry, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in South Perry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Perry Studio Apartments | $1,128 | $665 | $1,679 |
| South Perry 1 Bedroom Apartments | $1,213 | $850 | $2,460 |
| South Perry 2 Bedroom Apartments | $1,431 | $920 | $2,744 |
| South Perry 3 Bedroom Apartments | $1,774 | $1,390 | $4,347 |
| South Perry 4 Bedroom Apartments | $1,685 | $1,675 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 20 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 5700 Madison Apartments & Edgewood on Madison priced from $665. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. Here are the most affordable South Perry apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $665 |
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $800 |
| South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in South Perry, IN
As of September 09, 2025 the best value apartment in the South Perry area is the $1.08 price per square foot Rosewood Model at Auburn Place Apartments in the in the Winchester Village neighborhood starting from $1,570. The second greatest value South Perry apartment is the The Luna Model at Stonehedge Apartments starting at $1,309 with a $1.29 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. |
|---|---|---|---|
| Auburn Place Apartments | Rosewood | 3BR,1.5BA | $1.08 |
| Stonehedge Apartments | The Luna | 2BR,1BA | $1.29 |
| Oak Park | Timber | 2BR,1BA | $1.08 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Buckridge at Southport | 2BR/1.0BA | 2BR,1BA | $1.12 |
| Beechmill Apartments | Elm | 2BR,1BA | $1.32 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR,1BA | $1.34 |
| The Sterling | The Lexington | 1BR,1BA | $1.32 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.33 |
| South & Madison | A1 | 1BR,1BA | $1.27 |
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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 5700 Madison Apartments & Edgewood on Madison listed at $665.
How much is rent for a Cheap One Bedroom South Perry Apartment?
The lowest price for a Cheap One Bedroom South Perry Apartment is $728 at Windsor Court.
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 $985 at Windsor Court.
What is the most affordable South Perry Three Bedroom Apartment?
The best deal on a cheap South Perry Three Bedroom Apartment rental is at South & Madison and starts from $1,293.
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 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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.