
Cheap 1 Bedroom Apartments for Rent in the South Village Neighborhood of Indianapolis, IN from $749 (10 Rentals)


Madison Lofts

2163 S Delaware St

Pine Glen

Capital Place

Thompson Village Apartments

City Heights

Hanna Village
South Village, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in South Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Village Studio Apartments | $1,340 | $600 | $2,260 |
South Village 1 Bedroom Apartments | $1,349 | $749 | $4,072 |
South Village 2 Bedroom Apartments | $1,587 | $899 | $3,623 |
South Village 3 Bedroom Apartments | $2,771 | $1,360 | $4,804 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the South Village Neighborhood of Indianapolis, IN.
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South Village, Indianapolis, IN Local Guide
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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.
Getting Around the South Village Neighborhood in Indianapolis, IN
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Village Apartments
What is a cheap apartment in South Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Village is under $1,099.
What is the price of a cheap apartment in South Village?
The cheapest apartment in South Village is Madison Lofts which is listed at $830, while the average apartment in South Village costs $10,390.
What types of apartments are the cheapest in South Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in South Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.