1 Day Ago
Location
1227 Shepard St, Indianapolis, IN 46221, USA|West Indianapolis
Tour 1227 Shepard St
Contact
Discover Properties PMG
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent BloomingtonApartments for rent FishersApartments for rent GreenwoodApartments for rent NoblesvilleApartments for rent Chapel Hill - Ben DavisApartments for rent WestfieldApartments for rent BrownsburgApartments for rent FranklinApartments for rent CambyApartments for rent PlainfieldApartments for rent Five PointsApartments for rent McCordsvilleApartments for rent GreenfieldApartments for rent Downtown IndianapolisApartments Near Me
Houses for rent IndianapolisHouses for rent Near EastsideHouses for rent Near SoutheastHouses for rent Martindale - BrightwoodHouses for rent EastsideHouses for rent Near SouthsideHouses for rent BloomingtonHouses for rent Downtown IndianapolisHouses for rent FishersHouses for rent WestfieldHouses for rent CrawfordsvilleHouses for rent EdgewoodHouses for rent Near Northwest - RiversideHouses for rent CarmelHouses for rent Meridian KesslerHouses for rent near me
Amenities for 1227 Shepard St, West Indianapolis
Apartment Amenities
| One Level | Patio |
Appliances
| Range | Refrigerator |
Building
| Cats OK |
Grounds
| Outdoor Space |
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
Dog policy
| Not Allowed |
|---|
Cat policy
| Allowed | |
|---|---|
| Limit | 1 |
1 pet maximum.
Advertisement
About 1227 Shepard St
Sweet deal!
This listing is 16% below the median price for 2 bedroom apartments in West Indianapolis.
Two bedroom home with covered porch, fenced yard, storage shed, updated kitchen and bath and is ready for you to move in. It's close to a local Elementary School and conveniently placed for quick access to the interstate, shopping, downtown, and 465. Please visit our website at discoverproperties. net or call (317) 254-8888 to schedule a time to view.
Address details
| Neighborhood | West Indianapolis |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in West Indianapolis
2-bedroom apartments at 1227 Shepard St cost about 16% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Sep 20 2025.
West Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| October 2023 | $1,307 |
| November 2023 | $1,292 |
| December 2023 | $1,285 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| April 2024 | $1,305 |
| May 2024 | $1,349 |
| June 2024 | $1,338 |
| July 2024 | $1,380 |
| August 2024 | $1,377 |
| September 2024 | $1,384 |
| October 2024 | $1,394 |
| November 2024 | $1,392 |
| December 2024 | $1,378 |
| January 2025 | $1,389 |
| February 2025 | $1,389 |
| March 2025 | $1,333 |
| April 2025 | $1,312 |
| May 2025 | $1,322 |
| June 2025 | $1,312 |
| July 2025 | $1,298 |
| August 2025 | $1,290 |
| September 2025 | $1,263 |
| Month | Median Rent |
|---|---|
| October 2023 | $987 |
| November 2023 | $942 |
| December 2023 | $925 |
| January 2024 | $950 |
| February 2024 | $990 |
| March 2024 | $945 |
| April 2024 | $912 |
| May 2024 | $950 |
| June 2024 | $937 |
| July 2024 | $862 |
| August 2024 | $940 |
| September 2024 | $1,003 |
| October 2024 | $998 |
| November 2024 | $1,011 |
| December 2024 | $1,019 |
| January 2025 | $1,013 |
| February 2025 | $950 |
| March 2025 | $983 |
| April 2025 | $1,044 |
| May 2025 | $1,004 |
| June 2025 | $1,017 |
| July 2025 | $989 |
| August 2025 | $964 |
| September 2025 | $980 |
Affordability calculator
Can I afford to live at 1227 Shepard St?
Bedrooms
2 bedroomsRent-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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 2-bedrooms monthly rent price of $825.
For more information on rent affordability, visit our rent calculator.
Schools near 1227 Shepard St
Daniel Webster School No. 346
1450 s reisner
indianapolis, IN, 46221
PK, K-8Public
C
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
George Washington Carver Montessori School No. 87
2411 indpls ave
indianapolis, IN, 46208
PK, K-8Public
B-
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Advertisement
Internet available near 1227 Shepard St
Getting around Indianapolis near 1227 Shepard St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 1227 Shepard St, Indianapolis
Groceries
3/10
The nearest general grocery store is within a 20-to-30 minute walk.
Shopping
3/10
Some fashion stores are within walking distance.
Cafes
2/10
Few cafés are within walking distance.
Restaurants
5/10
Some restaurants are within walking distance.
Primary schools
9/10
At least one elementary school within a 5-to-10-minute walk.
High schools
3/10
The closest high school is within a 20-to-30-minute walk.
Parks
6/10
Few parks in the area.
Nightlife
4/10
The closest bar is within a 10-minute walk, and there are a few other bars within walking distance.
Compare similar properties nearby
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1 Bed
$1,037–$2,330
- cats ok
- air conditioning
- balcony
Loch Haven Apartment Homes
Our team has verified this companyKey Meadows • 7938 Island Club Dr
1 Bed
$953–$1,479
- cats ok
- air conditioning
- balcony
Emerson Village
Our team has verified this companyI65-South Emerson • 5140 Emerson Village Pl
1 Bed
$962–$1,094
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
The Cedars Apartment Homes
Our team has verified this companyEagledale • 3417 N Rybolt Ave
2 Beds
$1,049
- cats ok
- air conditioning
- balcony
The Hills Apartment Homes
Our team has verified this companyGarden City • 5500 Pleasant Hill Cir
2 Beds
$929
- cats ok
- air conditioning
- balcony
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1 Bed
$1,037–$2,330
- cats ok
- air conditioning
- balcony
Loch Haven Apartment Homes
Our team has verified this companyKey Meadows • 7938 Island Club Dr
1 Bed
$953–$1,479
- cats ok
- air conditioning
- balcony
Emerson Village
Our team has verified this companyI65-South Emerson • 5140 Emerson Village Pl
1 Bed
$962–$1,094
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
- cats ok
- air conditioning
- balcony
The Cedars Apartment Homes
Our team has verified this companyEagledale • 3417 N Rybolt Ave
2 Beds
$1,049
- cats ok
- air conditioning
- balcony
The Hills Apartment Homes
Our team has verified this companyGarden City • 5500 Pleasant Hill Cir
2 Beds
$929
- cats ok
- air conditioning
- balcony
Check availability
Advertisement