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Cheap Apartments for Rent in the South Village Neighborhood of Indianapolis, IN from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Village area of Indianapolis.
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$755 - $1,7171 to 2 Bedroom Apartments Available Now
Garfield Park Village
360 Sandra LnIndianapolis, IN 46227
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$775 - $9951 to 2 Bedroom Apartments Available Now
One Somerset
3761 S State AveIndianapolis, IN 46227
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$830 - $1,3491 to 2 Bedroom Apartments Available Now
Madison Lofts
1430 Madison AveIndianapolis, IN 46225
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$889 - $1,2601 to 2 Bedroom Apartments Available Now
Fox Club
4401 S Keystone AveIndianapolis, IN 46227
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$899 - $9992 Bedroom Apartments Available Now
Welcome to Dawson Village – Welcome Home!
2469 Dawson StIndianapolis, IN 46203
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$929 - $1,3991 to 3 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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$967 - $1,1121 to 2 Bedroom Apartments Available Now
Thompson Village Apartments
139 Thompson Village WayIndianapolis, IN 46227
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$1,000 - $1,3601 to 3 Bedroom Apartments Contact Us For Availability
City Heights
457 Monument View DrIndianapolis, IN 46227
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$1,025 - $1,1002 Bedroom Apartments Available Now
Pine Glen
4259 Burkhart DrIndianapolis, IN 46227
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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$1,030 - $2,2001 to 2 Bedroom Apartments Available Now
The Assumption on Blaine
1105 Blaine AveIndianapolis, IN 46221
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$1,099 - $1,5991 to 3 Bedroom Apartments Available Now
Hanna Village
4020 Hanna Village DrIndianapolis, IN 46227
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$1,099 - $1,899Studio to 2 Bedroom Apartments Available Now
Mozzo apartments
531 Virginia AveIndianapolis, IN 46203
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$1,099 - $1,249Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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2826 S Pennsylvania St
IndianapolisIN46225
Showing Results 1-20, Page 1 of 1
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 | $1,305 | $774 | $1,529 |
| South Village 1 Bedroom Apartments | $1,275 | $649 | $2,650 |
| South Village 2 Bedroom Apartments | $1,413 | $899 | $3,975 |
| South Village 3 Bedroom Apartments | $2,631 | $1,360 | $4,500 |
| South Village 4 Bedroom Apartments | $5,817 | $5,817 | $5,817 |
Browse Apartments in this Neighborhood
There are currently 20 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
- Nearby Indianapolis neighborhoods
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Cheapest Available South Village Apartments for Rent
The cheapest available apartment rental in the South Village area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable South Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | **Free Month of Rent ** 128 E Palmer St - Studio | 1BR,1BA | $649 |
| Garfield Park Village | 1/1 Vintage | 1BR,1BA | $755 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 1BR,1BA | $775 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $889 |
| Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - FLATS | 2BR,1BA | $899 |
Best Value Apartments for Rent in South Village, IN
As of November 23, 2025 the best value apartment in the South Village area is the $1.35 price per square foot 2 Bed 2 Bath Model at The Assumption on Blaine in the in the Concord neighborhood starting from $1,775. The second greatest value South Village apartment is the 2 Bed 1.5 Bath Model at Fountain Square Townhomes starting at $1,619 with a $1.35 price per square foot in the Concord neighborhood. Here is today’s list of the best values for South Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Assumption on Blaine | 2 Bed 2 Bath | 2BR,2BA | $1.35 |
| Fountain Square Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.35 |
| Hanna Village | Concord | 2BR,1BA | $1.43 |
| Emhardt Apartments | 2BR/1.0BA | 2BR,1BA | $1.21 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.11 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
| Welcome to Dawson Village – Welcome Home! | Brand New Double | 2BR,1BA | $1.43 |
| One Somerset | *ACT NOW- Price Drop* One Somerset - 2 Bed/1 Bath | 2BR,1BA | $1.42 |
| Capital Place | One Bedroom One Bath | 1BR,1BA | $1.43 |
| Volrath | 0BR/1.0BA | Studio ,1BA | $1.29 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour 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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Pet Friendly LifestyleSouth Village, Indianapolis, IN
Ranked #68
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 the Cheapest Studio apartment in South Village?
Currently the most affordable Cheap Studio Apartment in South Village is at Volrath listed at $774.
How much is rent for a Cheap One Bedroom South Village Apartment?
The lowest price for a Cheap One Bedroom South Village Apartment is $649 at Volrath.
What is the lowest price for a Cheap Two Bedroom South Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Village is starting from $899 at Welcome to Dawson Village – Welcome Home!.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.