
Cheap Homes for Rent in South Perry Neighborhood of Indianapolis, IN from $300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Perry area of Indianapolis.


7718 Southfield Dr
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.

7718 Southfield Dr

8546 Palo Verde Terrace
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.

2801 Punto Alto Cir
South Perry, Indianapolis, IN Local Guide

How much does it cost to rent a home in South Perry?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Perry 3 Bedroom Homes for Rent | $1,692 | $1,500 | $1,950 |
South Perry 4 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
South Perry 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the South Perry Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $740 |
Waterbury Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mansfield Village Townhomes | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.21 |
Stonehedge Apartments | The Luna | 2BR,1BA | $1.28 |
Oak Park | Forest | 1BR,1BA | $1.17 |
Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
Beechmill Apartments | Oak | 2BR,1.5BA | $1.31 |
Buckridge at Southport | 2BR/1.0BA | 2BR,1BA | $1.21 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
South & Madison | E2 | Studio ,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.

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.

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.

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.