
Cheap Studio Apartments for Rent in the South Village Neighborhood of Indianapolis, IN from $649 (2 Rentals)

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.
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.
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 | $1,394 | $649 | $2,196 |
South Village 1 Bedroom Apartments | $1,311 | $699 | $2,602 |
South Village 2 Bedroom Apartments | $1,472 | $895 | $3,483 |
South Village 3 Bedroom Apartments | $1,507 | $1,290 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the South Village Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
South Village, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Pet Friendly LifestyleSouth Village, Indianapolis, IN
Ranked #81
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 $1,035.
What is the price of a cheap apartment in South Village?
The cheapest apartment in South Village is Country Club Apartments which is listed at $649, while the average apartment in South Village costs $8,600.
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 19 regular apartments in South Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Village?
Cheap apartments in South Village have an average cost of $150 which is $8,450 cheaper than the average rent for all rentals in South Village.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.