
Cheap Apartments for Rent in the South Perry Neighborhood of Indianapolis, IN from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Perry area of Indianapolis.


Brookwood Apartments

Sherbrook

SOUTHPORT AT BUCK CREEK
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Greentree Apartments

The Sycamores

Beechmill Apartments
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.

Waterford Place Apartments
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.
South Perry - 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!

Brookhaven at County Line Senior Apartments
South Perry, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in South Perry?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Perry Studio Apartments | $1,075 | $834 | $1,390 |
South Perry 1 Bedroom Apartments | $1,169 | $410 | $2,007 |
South Perry 2 Bedroom Apartments | $1,363 | $973 | $2,134 |
South Perry 3 Bedroom Apartments | $1,624 | $1,262 | $2,242 |
South Perry 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the South Perry Neighborhood of Indianapolis, IN.
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South Perry, Indianapolis, IN Local Guide
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Cheapest Available South Perry Apartments for Rent
 The cheapest available apartment rental in the South Perry area of Indianapolis, IN is a 1 Bed unit found at Buckridge at Southport priced from $800. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable South Perry apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $800 |
South & Madison | E1 | Studio,1BA | $840 |
Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $840 |
Brookwood Apartments | Evergreen Two | 1BR,1BA | $850 |
The Sycamores | A1 The Sycamores 1/1 | 1BR,1BA | $950 |
Best Value Apartments for Rent in South Perry, IN
As of May 12, 2025 the best value apartment in the South Perry area is the $1.11 price per square foot Rosewood Model at Auburn Place Apartments in the in the Tracy Commons neighborhood starting from $1,617. The second greatest value South Perry apartment is the 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK starting at $1,199 with a $0.86 price per square foot in the Thompson-Edgewood neighborhood. Here is today’s list of the best values for South Perry apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Auburn Place Apartments | Rosewood | 3BR,1.5BA | $1.11 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.86 |
Sundance Apartments | The Grand With Balcony 2 BR 2 BA | 2BR,2BA | $1.36 |
South Haven Village Apartments | 2x1.5 TH | 2BR,1.5BA | $1.22 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
Oak Park | Forest | 1BR,1BA | $1.12 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.11 |
Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $1.37 |
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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for South Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the South Perry Neighborhood in Indianapolis, IN
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 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 Perry Apartments
What is the Cheapest Studio apartment in South Perry?
Currently the most affordable Cheap Studio Apartment in South Perry is at South & Madison listed at $840.
How much is rent for a Cheap One Bedroom South Perry Apartment?
The lowest price for a Cheap One Bedroom South Perry Apartment is $800 at Buckridge at Southport.
What is the lowest price for a Cheap Two Bedroom South Perry Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Perry is starting from $985 at Windsor Court.
What is the most affordable South Perry Three Bedroom Apartment?
The best deal on a cheap South Perry Three Bedroom Apartment rental is at Brookwood Apartments and starts from $1,372.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.