5+ Days Ago
Highlights
- Modern comfort
- Open-concept design
- Friendly community spirit
Location
117 E Palmer St #E, Indianapolis, IN 46225, USA|Near Southside
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Property Overview
Located in a friendly community, this residence features modern comfort with an open-concept design, making it an inviting space. It is conveniently situated near a highly-rated elementary school, enhancing its appeal. With a strong value for money and impressive visual representation through 11 photos, it presents a compelling choice for prospective renters.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- More space
- Elementary school nearby
Great for
Pet owners
Amenities for 117 E Palmer St #E, Near Southside
Apartment Amenities
| Forced Air | Hardwood Floor |
Building
| Basement |
Services
| Concierge Service | Package Service |
Other
| Exterior Type: Vinyl Siding | Three Rooms |
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
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 117 E Palmer St #E
Sweet deal!
This listing is 26% below the median price for 1 bedroom apartments in Near Southside.
Property Status: Active Inspired by the vibrant energy of downtown Indianapolis, 117 East Palmer Street, Unit E, offers a unique living experience that combines modern comfort with timeless charm. This beautifully appointed 667 sq ft, one-bedroom apartment is the perfect urban retreat, featuring polished hardwood floors that lend a warm and inviting ambiance to every room. The open-concept design maximizes space, creating a seamless flow from the living area to the kitchen, ideal for both relaxation and entertaining. With its elegant full bath, this unit provides a serene escape to start and end your day. The large windows invite abundant natural light, creating a bright and airy atmosphere that enhances the spacious feel of the home. Located just minutes from the heart of Indianapolis, you'll enjoy easy access to the city's finest shopping, dining, and cultural attractions. Whether you're an art enthusiast, foodie, or sports fan, this location offers something for everyone to enjoy. Experience the perfect blend of convenience and tranquility in a neighborhood that boasts a friendly community spirit. Come and discover the charm and comfort of your new home at 117 East Palmer Street, Unit E, where urban living meets peaceful retreat. The refrigerator and stove/oven range will be placed by the time you move in. In addition to rent, tenants are responsible to pay 1/5 of the monthly utility bill. All residents will be enrolled in a Resident Benefits Package (RBP) and these packages range from $45 - $55 per month and include benefits such as liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Office Phone: (317) 842-3400 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 117 E Palmer St, Indianapolis, IN 46225, USA compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- More space
- The 1-bedroom is 2779 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Near Southside |
|---|---|
| Zip code | 46225 |
| Type | Apartment for rent |
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Rent trends in Near Southside
1-bedroom apartments at 117 E Palmer St #E cost about 26% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Mar 14 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,100 |
| April 2024 | $1,129 |
| May 2024 | $1,132 |
| June 2024 | $1,076 |
| July 2024 | $1,081 |
| August 2024 | $1,126 |
| September 2024 | $1,123 |
| October 2024 | $1,143 |
| November 2024 | $1,126 |
| December 2024 | $1,125 |
| January 2025 | $1,152 |
| February 2025 | $1,150 |
| March 2025 | $1,087 |
| April 2025 | $1,024 |
| May 2025 | $1,087 |
| June 2025 | $1,098 |
| July 2025 | $1,090 |
| August 2025 | $1,097 |
| September 2025 | $1,105 |
| October 2025 | $1,080 |
| November 2025 | $1,046 |
| December 2025 | $1,048 |
| January 2026 | $1,017 |
| February 2026 | $1,022 |
| March 2026 | $1,019 |
| Month | Median Rent |
|---|---|
| March 2024 | $799 |
| April 2024 | $753 |
| May 2024 | $750 |
| June 2024 | $732 |
| July 2024 | $745 |
| August 2024 | $652 |
| September 2024 | $731 |
| October 2024 | $775 |
| November 2024 | $799 |
| December 2024 | $890 |
| January 2025 | $901 |
| February 2025 | $851 |
| March 2025 | $820 |
| April 2025 | $865 |
| May 2025 | $810 |
| June 2025 | $847 |
| July 2025 | $872 |
| August 2025 | $733 |
| September 2025 | $667 |
| October 2025 | $667 |
| November 2025 | $724 |
| December 2025 | $709 |
| January 2026 | $769 |
| February 2026 | $756 |
| March 2026 | $746 |
Affordability calculator
Can I afford to live at 117 E Palmer St #E?
Bedrooms
1 bedroomRent-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
$22,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $22,000 annually to afford this 1-bedroom monthly rent price of $550.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 5 months ago | $550 | 1 bed | 1 bath | ||
| 7 months ago | $675 | 1 bed | 1 bath | ||
| 7 months ago | $675 | 1 bed | 1 bath |
Schools near 117 E Palmer St #E
James A. Garfield School No. 31
307 lincoln st
indianapolis, IN, 46225
PK, K-8Public
C
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
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Internet available near 117 E Palmer St #E
Getting around Indianapolis near 117 E Palmer St #E
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
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 117 E Palmer St #E, Indianapolis
Groceries
2/10
Closest supermarket further than a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 117 E Palmer St #E
Ghotra Partners Inc
1402 S Meridian St
Grace Foods
2153 Barth Ave
Safeway
2176 Shelby St
City Dogs Grocery
1028 Virginia Ave
ALDI
2955 Madison Ave
Sage Boutique
2130 S Garfield Dr
Nap or Nothing
872 Virginia Ave
Family Dollar
2245 Shelby St
Colts Pro Shop
500 S Capitol Ave
Royal Retailers
1440 Prospect St
Legal Beans Coffee
1644 S Meridian St
Company Kitchen
2120 S Meridian St
Nine Lives Cat Cafe
1315 Shelby St
Bovaconti Coffee
1042 Virginia Ave
Calvin Fletcher's Coffee Company
647 Virginia Ave
The Vault Indy
1542 S East St
Bryants Friendly Inn
1729 S East St
SLB Beer House LLC
2033 S Meridian St
Ajs Lounge
1118 S Meridian St
The Brass Ring Lounge
1245 Shelby St
Elevate CBD Bakery-Fountain Square
1006 Virginia Ave
Bakesmart
125 W South St
Gallery Pastry Bar
110 S Pennsylvania St
Indianapolis City Market
222 E Market St
Just Cookies
222 E Market St
Garfield Park
Columbia Park
Sandorf Park
McCartys Park
Monument Circle
Taste of the Caribbean
1718 Housebar
1718 S East St
Indy's Burger Joint
1718 S East St
Indy All Night
1324 S East St
Hunt Brothers Pizza
2160 S Meridian St
Meridian St / Palmer St
US 31, Beech Grove
Meridian St / Palmer St
US 31, Beech Grove
Meridian St / Caven St
US 31, Beech Grove
Meridian St / Bluff Ave
Beech Grove, US 31
East St / Lincoln St
Raymond Street
Other units at this address
117 E Palmer St, Indianapolis, IN
117 E Palmer St Indianapolis, IN
Occupied
A
Our team has verified this company1 Bed
1 Bath
$550
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