Cheap Apartments for Rent in the South Perry Neighborhood of Indianapolis, IN from $700 (23 Rentals)

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

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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227

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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
  • Utilities Included
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

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South Perry, Indianapolis, IN Local Guide

Cheapest Available South Perry Apartments for Rent

 

The cheapest available apartment rental in the South Perry area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $728. Buckridge at Southport has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here are the most affordable South Perry apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Buckridge at Southport2BR/1.0BA2BR,1BA$800
South & MadisonE2Studio,1BA$809
SherbrookStudioStudio,1BA$820
Berkley CommonsOne Bedroom One Bath1BR,1BA$909

Best Value Apartments for Rent in South Perry, IN

As of December 09, 2025 the best value apartment in the South Perry area is the $1.41 price per square foot 2x1.5 TH R Model at South Haven Village Apartments in the in the Winchester Village neighborhood starting from $1,400. The second greatest value South Perry apartment is the The Spruce Model at The Sycamores starting at $1,350 with a $1.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
South Haven Village Apartments2x1.5 TH R2BR,1.5BA$1.41
The SycamoresThe Spruce2BR,2BA$1.38
Oak ParkDale - Upgraded2BR,1BA$1.28
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Fountain Lake VillasThe Tahoe2BR,1BA$1.44
The SterlingThe Lexington1BR,1BA$1.28
Buckridge at Southport1BR/1.0BA1BR,1BA$1.25
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.40
Beechmill ApartmentsBeech1BR,1BA$1.52
Berkley CommonsOne Bedroom One Bath1BR,1BA$1.45

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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

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 $809.

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 $900 at Buckridge at Southport.

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 $1,130.

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.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!