6101 W 25th St
IndianapolisIN46224
Cheap Homes for Rent in Island Village Neighborhood of Indianapolis, IN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Village area of Indianapolis.
6518 Lupine Terrace
IndianapolisIN46224
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.
4308 N Vinewood Ave
IndianapolisIN46254
4381 Village Pkwy Cir W
IndianapolisIN46254
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
5231 Austral Dr
IndianapolisIN46254
3183 Gerrard Ave
IndianapolisIN46224
Island 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!
5801 W 25th St
IndianapolisIN46224
Showing Results 1-7, Page 1 of 1
Island Village, Indianapolis, IN Local Guide
How much does it cost to rent a home in Island Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Village 2 Bedroom Homes for Rent | $1,532 | $975 | $2,800 |
| Island Village 3 Bedroom Homes for Rent | $1,773 | $1,350 | $2,135 |
| Island Village 4 Bedroom Homes for Rent | $2,067 | $1,975 | $2,160 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Island Village Neighborhood of Indianapolis, IN.
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Island Village, Indianapolis, IN Local Guide
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Cheapest Available Island Village Apartments for Rent
The cheapest available apartment rental in the Island Village area of Indianapolis, IN is a Studio unit found at The Stratford priced from $610. Mariners Village has the second lowest priced unit, which is a Studio apartment currently listed from $748. Here are the most affordable Island Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stratford | Studio | Studio,1BA | $610 |
| Mariners Village | Studio | Studio,1BA | $748 |
| Meadows Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $756 |
Best Value Apartments for Rent in Island Village, IN
As of May 01, 2025 the best value apartment in the Island Village area is the $1.38 price per square foot Canadian Upgraded Model at EAGLE CHASE APARTMENTS in the in the Timberview neighborhood starting from $1,507. The second greatest value Island Village apartment is the The Monroe Townhome Model at The Maywood at Speedway starting at $1,450 with a $1.39 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Island Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.38 |
| The Maywood at Speedway | The Monroe Townhome | 2BR,1.5BA | $1.39 |
| Eagle Creek Apartments | Barton-Renovated | 2BR,1BA | $1.38 |
| Deercross Apartments | Oak | 2BR,2BA | $1.38 |
| The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.11 |
| Pebble Point | The Bliss | 1BR,1BA | $1.34 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| Mariners Village | Studio | Studio ,1BA | $1.24 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.38 |
| Meadows Apartments | Studio Apartment | Studio ,1BA | $1.41 |
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.
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Frequently Asked Questions about Island Village
What type of rentals are currently available in Island Village?
There are currently 55 Apartments for Rent in Island Village, IN with pricing that ranges from $707 to $2,943. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Village ranging from $975 to $2,800.
What is the current price range for Rental Homes in Island Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Village ranges from $975 to $2,800 with an average monthly rent of $1,790.
How much are larger Three and Four Bedroom Rentals in Island Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Island Village range from $1,374 to $2,420, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,135. Four Bedroom Single-Family rentals are also available starting from $1,975 and Four Bedroom Apartments start at $1,750.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.