Apartments for Rent in the South Village Neighborhood of Indianapolis, IN (64 Rentals)

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Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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One Somerset
Rent Specials
$875 - $1,025

Total Monthly Price

Base Rent$875 - $1,025
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2231 Union St
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2231 Union St

IndianapolisIN46225
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1701 Fletcher Ave
$999 - $1,499

Total Monthly Price

Base Rent$999 - $1,499
Total Monthly Price$999 - $1,499
1 to 3 Bedroom Apartment Available Now

1701 Fletcher Ave

1701 Fletcher AveIndianapolis, IN 46203
Affordability

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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property at 2229 Union St
$1,090

Total Monthly Price

Base Rent$1,090
Total Monthly Price$1,090
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2229 Union St

IndianapolisIN46225
  • Smoke Free
property at 3360 Ransdell St
$2,500

Total Monthly Price

Base Rent$2,500
Total Monthly Price$2,500
3 Bedroom, 1 Bath Home for Rent
Available Sep 15
Furnished

3360 Ransdell St, Unit A 3 bd

3360 Ransdell St
IndianapolisIN46227
  • Smoke Free

South Village - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 337 Sanders St
$4,185

Total Monthly Price

Base Rent$4,185
Total Monthly Price$4,185
3 Bedroom, 2 Bath Home for Rent
Available Jan 11, 2027
Furnished

337 Sanders St

IndianapolisIN46225

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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South Village, Indianapolis, IN Local Guide

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Village, Indianapolis, IN

Ranked #88

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about South Village

What is the current pricing and availability for apartments for rent in the South Village area of Indianapolis, IN?

As of today, September 08, 2026, there are currently 64 available South Village apartments priced from $556 to $14,413, with an average monthly rent of $1,401.

How much are Studio apartments in South Village?

There are currently 8 Studio Apartments in South Village with rent ranges from $556 to $1,599 with an average price of $1,318.

What is the current price range for One Bedroom South Village Apartments for rent?

Today's rental pricing for One Bedroom Apartments in South Village ranges from $596 to $2,380 with an average monthly rent of $1,365.

What does renting a Two Bedroom Apartment in South Village cost?

The monthly rent prices of Two Bedroom Apartments currently available in South Village range from $716 to $3,130. Today's average rental price for Two Bedrooms here is $1,398.

How expensive are South Village Three Bedroom Apartments?

There are currently 10 Three Bedroom Apartments listings available in South Village on ApartmentHomeLiving.com. The pricing ranges from $1,250 to $4,185 - averaging $1,764 for the location.

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

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

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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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.

Articles, How-To's, and Tips

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.