2179 S Delaware St
IndianapolisIN46225
Cheap Homes for Rent in South Village Neighborhood of Indianapolis, IN from $700 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the South Village area of Indianapolis.
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.
2826 S Pennsylvania St
IndianapolisIN46225
South 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!
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South Village, Indianapolis, IN Local Guide
How much does it cost to rent a home in South Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Village 2 Bedroom Homes for Rent | $1,078 | $906 | $1,250 |
| South Village 3 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
| South Village 5 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
Browse Homes for Rent 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.
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South Village, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in South Village, IN
As of April 25, 2025 the best value apartment in the South Village area is the $0.73 price per square foot 2608 Madison Ave Model at 2608 Madison Ave, Unit Madison in the in the Concord neighborhood starting from $1,600. The second greatest value South Village apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,199 with a $1.24 price per square foot in the Riley neighborhood. Here is today’s list of the best values for South Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2608 Madison Ave, Unit Madison | 2608 Madison Ave | 3BR,2BA | $0.73 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.38 |
| Pinnex | B1 | 2BR,1BA | $2.09 |
| Bluff Crossing Apartments | 1BR | 1BR,1BA | $1.97 |
| CityWay | Clark | 1BR,1BA | $2.62 |
| Gathyr Apartments | Beville | Studio ,1BA | $2.44 |
| Residence on Penn | 0BR/1.0BA | Studio ,1BA | $2.41 |
| Country Club Apartments | Studio | Studio ,1BA | $1.56 |
| Artistry Indy | Edie (EcoSuite) | Studio ,1BA | $2.94 |
Quick Rent Budget Calculator
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Frequently Asked Questions about South Village
What type of rentals are currently available in South Village?
There are currently 24 Apartments for Rent in South Village, IN with pricing that ranges from $699 to $4,472. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Village ranging from $795 to $1,950.
What is the current price range for Rental Homes in South Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Village ranges from $795 to $1,950 with an average monthly rent of $1,429.
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.
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.