Zumper
modified
2 Hours Ago

Highlights

  • Pet Friendly
  • Clubhouse
  • Sparkling swimming pool
  • Hardwood-style flooring
  • Small-town charm
  • Modern finishes
  • Fully updated kitchens

Location

1834 Madison Village Dr, Indianapolis, IN 46227, USA|South Perry
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Contact

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Management

Karya Property Management LLC

Our team has verified this company

Leasing office

(463) 260-1402

Open 

Monday 8:00 am–5:00 pm ET

Property Overview

South and Madison is a standout property with an impressive Zumper expert rating of 9.5, reflecting its exceptional quality, value, and amenities. Residents enjoy modern finishes, a clubhouse, and a sparkling swimming pool, all within proximity to top-rated schools and fitness resources. With a prime location and a strong emphasis on trustworthiness and transparency, this property embodies both comfort and convenience for prospective renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.5
Excellent
South and Madison is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Location and Quality, which help to make this rental a great place to call home.

Things you’ll love

  • Less expensive
  • More space
  • Elementary school nearby

Great for

  • Wellness

Floor plans

E1Studio1 bath448 sqft$809 /mo1 unit availableFlat
E2Studio1 bath681 sqft$809 /mo2 units availableFlat
Suite H, IStudio0 bath1,450 sqft$958 /moFlat
A11 bed1 bath700 sqft$830 /mo2 units availableFlat
A11 bed1 bath700 sqft$943–$1,038 /moFlat
A11 bed1 bath700 sqft$955–$990 /moFlat
A21 bed1 bath740 sqft$1,137–$1,167 /moFlat
A31 bed1.5 bath765 sqft$1,188–$1,198 /moTownhome
A31 bed1 bath765 sqft$1,188–$1,198 /moTownhome
A41 bed1 bath815 sqft$1,188 /moFlat
B22 bed1 bath865 sqft$1,030–$1,065 /mo5 units availableFlat
B22 bed1 bath865 sqft$1,115–$1,240 /moFlat
B12 bed1 bath850 sqft$1,140 /moFlat
B22 bed1 bath865 sqft$1,175 /mo
B42 bed1.5 bath975 sqft$1,215 /moTownhome
B42 bed1.5 bath975 sqft$1,215–$1,285 /moTownhome
B42 bed1.5 bath975 sqft$1,275–$1,285 /moTownhome
B32 bed1 bath960 sqft$1,300 /moFlat
C13 bed2 bath1,075 sqft$1,473–$1,538 /moFlat
C13 bed2 bath1,075 sqft$1,528–$1,538 /moFlat
C23 bed2 bath1,300 sqft$1,538–$1,578 /moTownhome
C23 bed2 bath1,300 sqft$1,568–$1,578 /moTownhome

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Amenities for South and Madison

Apartment Amenities

Personal Patio or Balcony

Building

24-hour a day Emergency MaintenanceCats OK
ClubhouseDogs OK
Laundry Facilities in Each BuildingState-Of-The-Art Fitness Center with Yoga Room

Grounds

Pet-Friendly CommunityPicnic and Grilling Area
Relaxing SundeckSparkling Swimming Pool

Services

Friendly, Attentive On-Site StaffOn-Site Professional Management Staff

Other

Online Resident Portal Pay Rent & Schedule
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Application Fee

One-time. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Dog

Pet Rent

Monthly. 2 dogs max. We are a pet-friendly community! Call us today to learn more about our pet policy.

$30

Pet Fee

One-time fee per pet.

$300

Cat

Pet Rent

Monthly. 2 cats max.

$30

Pet Fee

One-time fee per pet.

$300

Questions about this property’s policies and fees?

Building details

Property details

Units225
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About South and Madison

Managed by Karya Property Management LLC
Karya Property Management LLC 1 of 4Karya Property Management LLC 2 of 4Karya Property Management LLC 3 of 4Karya Property Management LLC 4 of 4
HomeApartments in IndianapolisSouth Perry South and Madison

South & Madison, pet-friendly apartments in Indianapolis, Indiana, emanate a small-town charm and an urban cosmopolitan feel. Our apartments are a short drive from Internet 65 and downtown, where you can find spectacular shopping centers, excellent cuisine, and endless entertainment. Our spacious studio, one, two, and three-bedroom floor plan apartments in Indianapolis, IN, offer modern finishes and designer touches. Don't miss our hardwood-style flooring throughout the main living area, fully updated kitchens with modern black appliances, and tiled backsplashes. You'll love our excellent community amenities, with a clubhouse, sparkling swimming pool, and more!


Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.5
/10
Excellent
South and Madison is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Location and Quality, which help to make this rental a great place to call home.
How we rated South and Madison
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
South and Madison stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
South and Madison goes above and beyond to provide sought-after conveniences and desirable perks, including 24-hour a day emergency maintenance. Renters looking for popular or luxurious features will find them here—and for that reason, South and Madison receives one of the highest amenities scores.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
South and Madison offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
South and Madison has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at South and Madison.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
South and Madison sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making South and Madison a trustworthy choice for potential residents.

South and Madison is great for:

Wellness

  • On-site fitness center or gym
  • On-site quiet spaces for meditation or yoga
  • On-site pool or spa
  • 5 farmers markets or health food stores nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How South and Madison compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
More space
Studio is 192 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.5 mile away
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Managed by Karya Property Management LLC

Karya Property Management LLC

Our goal is to ensure that managed properties are optimized in every aspect from marketing, tenant satisfaction and retention, expense management, revenue optimization, and overall management to yield maximum levels of net operating income, while providing our clients with the highest levels of transparency, controls, and integrity.

Rent trends in South Perry

Studio apartments at South and Madison cost about 2% more than the average rent price for studios in South Perry.

1-bedroom apartments here are priced 10% lower than 1-bedrooms in South Perry.

If you decide to upgrade your space, you can expect 2-bedrooms at South and Madison to be 2% less than the average for similarly sized apartments in South Perry.

3-bedroom apartments at South and Madison cost about 3% less than the average rent price for 3-bedroom apartments in South Perry.

Median rents as of Mar 14 2026.
South Perry
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
March 2024$1,040
April 2024$1,074
May 2024$1,117
June 2024$1,171
July 2024$1,091
August 2024$1,047
September 2024$1,090
October 2024$1,131
November 2024$1,126
December 2024$1,105
January 2025$1,194
February 2025$1,191
March 2025$1,151
April 2025$1,121
May 2025$1,139
June 2025$1,158
July 2025$1,185
August 2025$1,178
September 2025$1,065
October 2025$1,063
November 2025$1,048
December 2025$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
A table of studio rental data trends in South Perry
MonthMedian Rent
August 2024$840
September 2024$840

Affordability calculator

Can I afford to live at 1834 Madison Village Dr?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$32,360/yr

With your selected rent-to-income ratio, you'd ideally want to make $32,360 annually to afford this studio median monthly rent price of $809.
For more information on rent affordability, visit our rent calculator.

Schools near South and Madison

Southport Elementary School

261 e anniston dr

indianapolis, IN, 46227

PK, K-5Public
B

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic

Rise Learning Center

5391 s shelby st

indianapolis, IN, 46227

PK, K-12Public

Jeremiah Gray Elementary School

5225 gray rd

indianapolis, IN, 46227

PK, K-5Public
B

Ray Crowe Elementary

1300 ray crowe way

greenwood, IN, 46143

K-5Public
B
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Neighborhood

South Perry | Indianapolis, IN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Indianapolis near 1834 Madison Village Dr

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1834 Madison Village Dr, Indianapolis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

2/10
Closest high school further than a 30-minute walk

Parks

3/10
Limited amount of park space nearby

Nightlife

2/10
Some bars within walking distance

Explore the area around 1834 Madison Village Dr

Eden Asian Grocery
7482 Madison Ave
Walmart Supercenter
7245 US 31 S
Saraga International Market
2308 E Stop 11 Rd
Tienda Morelos 9
2350 E Stop 11 Rd
Asian Grocery
2351 E Stop 11 Rd

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