The Sterling
8020 Madison Ave,
Indianapolis, IN 46227
$975 - $1,100 | 1-2 Beds
Stretched between Highway 31 and Interstate 65, South Perry is a convenient neighborhood roughly 10 miles south of Downtown Indianapolis. This commuter-friendly suburb blends commercial areas and residential neighborhoods. Greenwood Place Shopping Center offers a plethora of retailers, services, and restaurants to choose from. A variety of other shopping centers reside nearby along Highway 31. Residents enjoy taking a swing at Smock Golf Course or visiting green spaces nearby like Westside Park. South Perry is home to excellent public schools and boasts a family-friendly environment. From mid-range and luxury apartments to charming ranch-style single-family homes, there’s a rental perfect for everyone in Indianapolis’ South Perry.
As of March 2025, the average apartment rent in South Perry is $934 for a studio, $1,036 for one bedroom, $1,199 for two bedrooms, and $1,458 for three bedrooms. Apartment rent in South Perry has increased by 4.2% in the past year.
Studio
354 sq ft
Average Sq Ft
$934/month
Average Rent
1 BR
703 sq ft
Average Sq Ft
$1,036/month
Average Rent
2 BR
965 sq ft
Average Sq Ft
$1,199/month
Average Rent
3 BR
1,290 sq ft
Average Sq Ft
$1,458/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.