
Cheap Studio Apartments for Rent in the South Village Neighborhood of Indianapolis, IN from $1,097 (3 Rentals)

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 | $1,324 | $1,097 | $1,529 |
South Village 1 Bedroom Apartments | $1,325 | $764 | $4,292 |
South Village 2 Bedroom Apartments | $1,376 | $899 | $2,459 |
South Village 3 Bedroom Apartments | $3,265 | $1,360 | $6,064 |
South Village 4 Bedroom Apartments | $5,428 | $5,428 | $5,428 |
Browse Apartments in this Neighborhood
There are currently 3 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
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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.
Pet Friendly LifestyleSouth Village, Indianapolis, IN
Ranked #86
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 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 $1,030.
What is the price of a cheap apartment in South Village?
The cheapest apartment in South Village is Lofts on Madison which is listed at $999, while the average apartment in South Village costs $7,864.
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 18 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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.