
Cheap Homes for Rent in South Perry Neighborhood of Indianapolis, IN from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Perry area of Indianapolis.


3503 Pleasant Lake Dr
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.

3503 Pleasant Lake Dr

3534 Ribbon Dr
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!

7605 Southfield Dr
South Perry, Indianapolis, IN Local Guide

How much does it cost to rent a home in South Perry?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Perry 3 Bedroom Homes for Rent | $1,679 | $1,575 | $1,845 |
South Perry 4 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the South Perry Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 Windsor Court priced from $784. Buckridge at Southport has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable South Perry apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $830 |
South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in South Perry, IN
As of April 24, 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 $1,299 with a $0.93 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 | $0.93 |
Oak Park | Timber | 2BR,1BA | $1.11 |
Sundance Apartments | The Mist 2 BR 1 BA | 2BR,1BA | $1.38 |
The Sycamores | B2 The Spruce 2/2 | 2BR,2BA | $1.38 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.15 |
South & Madison | A1 | 1BR,1BA | $1.27 |
Brookwood Apartments | Evergreen One | 1BR,1BA | $1.39 |
Frequently Asked Questions about South Perry
What type of rentals are currently available in South Perry?
There are currently 37 Apartments for Rent in South Perry, IN with pricing that ranges from $455 to $2,242. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Perry ranging from $1,575 to $2,200.
What is the current price range for Rental Homes in South Perry?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Perry ranges from $1,575 to $2,200 with an average monthly rent of $1,939.
How much are larger Three and Four Bedroom Rentals in South Perry?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Perry range from $1,130 to $2,242, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $1,845. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,710.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.