
Cheap Homes for Rent in South Perry Neighborhood of Indianapolis, IN from $300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the South Perry area of Indianapolis.

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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 | $2,056 | $1,150 | $4,000 |
| South Perry 4 Bedroom Homes for Rent | $2,399 | $2,299 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the South Perry Neighborhood of Indianapolis, IN.
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Best Value Apartments for Rent in South Perry, IN
As of March 11, 2026 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 2x2 R-Prem Model at Park Madison Apartments starting at $1,300 with a $1.13 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 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.13 |
| Stonehedge Apartments | The Luna | 2BR,1BA | $1.24 |
| Oak Park | Timber - Upgraded | 2BR,1BA | $1.21 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Martinique Terrace | 1Bd/1Ba-Dn Mini W/D | 1BR,1BA | $1.18 |
| The Sterling | The Lexington | 1BR,1BA | $1.18 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.24 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.30 |
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 $729 to $2,639. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Perry ranging from $370 to $4,000.
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 $370 to $4,000 with an average monthly rent of $1,608.
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 $1,329 to $2,639, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $1,675.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.