Cheap Homes for Rent in South Perry Neighborhood of Indianapolis, IN from $300 (5 Rentals)

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

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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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.

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. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $740. 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
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$740
Waterbury ApartmentsStudioStudio,1BA$750

Best Value Apartments for Rent in South Perry, IN

As of July 28, 2025 the best value apartment in the South Perry area is the $1.24 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,650. The second greatest value South Perry apartment is the Merlot Model at Auburn Place Apartments starting at $1,241 with a $1.21 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.
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Auburn Place ApartmentsMerlot2BR,1.5BA$1.21
Stonehedge ApartmentsThe Luna2BR,1BA$1.28
Oak ParkForest1BR,1BA$1.17
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.32
Beechmill ApartmentsOak2BR,1.5BA$1.31
Buckridge at Southport2BR/1.0BA2BR,1BA$1.21
The SterlingThe Lexington1BR,1BA$1.32
South & MadisonE2Studio ,1BA$1.23

Frequently Asked Questions about South Perry

What type of rentals are currently available in South Perry?

There are currently 48 Apartments for Rent in South Perry, IN with pricing that ranges from $740 to $4,409. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Perry ranging from $1,500 to $3,250.

What is the current price range for Rental Homes in South Perry?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Perry ranges from $1,500 to $3,250 with an average monthly rent of $2,245.

How much are larger Three and Four Bedroom Rentals in South Perry?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Perry range from $1,130 to $4,409, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,725.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.