Updated 12 Hours Ago
Location
1231 Shepard St, Indianapolis, IN 46221, USA|West Indianapolis
Tour 1231 Shepard St
Contact
Alpine Leasing
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Amenities for 1231 Shepard St, West Indianapolis
Services
| On-Site Management |
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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 1231 Shepard St
ALERT - ALPINE LEASING DOES NOT ADVERTISE RENTAL PROPERTIES ON FACEBOOK OR. AND WE NEVER COLLECT PAYMENTS AT OUR HOUSES. NO EXCEPTIONS. This home is move-in ready and available now! We get a lot of inquiries and our properties turn over quickly. IF YOU WISH TO RECEIVE PRIORITY TREATMENT FROM OUR LEASING TEAM, AS WELL AS A DIRECT LINE OF COMMUNICATION WITH ONE OF OUR REALTORS, PLEASE GO TO 317RENTAL. COM AND COMPLETE AN APPLICATION TO GET PRE-APPROVED. Apply for any property. Our approval will be for a dollar amount, not a house. As soon as you are pre-approved, a Realtor will reach out to you to schedule showings. OUR BEST HOMES USUALLY GO TO TENANTS SHOPPING WITH A PRE-APPROVAL! We are a Licensed Real Estate Brokerage. Our primary focus is leasing residential properties. Due to a high demand for our large inventory of homes, our approval process is automated. WE ARE UNABLE TO DISCUSS APPLICATIONS IN PROCESS AT OUR OFFICE. WE DO NOT HAVE PHONE LINES DEDICATED TO DISCUSSING APPLICATIONS IN PROCESS OR WHAT IS NEEDED FOR APPROVAL. Approval guidelines are listed on our website. Upon completion of your application you will receive an email from our processing department that will serve as an open line of communication. Our email account is monitored closely by management/processing staff and responses are made in a timely manner Monday - Friday, 9am - 5pm. Upon approval of your application you will be contacted by a Realtor. You will then have access to phone communication and personalized service from an agent who will help you get moved into a home.
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 1231 Shepard Street, Indianapolis, IN 46221, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
Address details
| Neighborhood | West Indianapolis |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
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Rent trends in West Indianapolis
2-bedroom apartments at 1231 Shepard St cost about 5% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Aug 29 2026.
West Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| September 2024 | $1,382 |
| 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 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| December 2025 | $1,256 |
| January 2026 | $1,245 |
| February 2026 | $1,239 |
| March 2026 | $1,250 |
| April 2026 | $1,250 |
| May 2026 | $1,275 |
| June 2026 | $1,288 |
| July 2026 | $1,270 |
| August 2026 | $1,290 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,008 |
| 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 | $969 |
| October 2025 | $907 |
| November 2025 | $1,015 |
| December 2025 | $1,053 |
| January 2026 | $1,010 |
| February 2026 | $1,002 |
| March 2026 | $999 |
| April 2026 | $956 |
| May 2026 | $1,037 |
| June 2026 | $997 |
| July 2026 | $969 |
| August 2026 | $981 |
Affordability calculator
Can I afford to live at 1231 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
$37,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $37,000 annually to afford this 2-bedrooms monthly rent price of $925.
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 | |||||
|---|---|---|---|---|---|
| 8 years ago | $595 | 1 bed | 1 bath | ||
| 10 years ago | $595 | 2 bed | 1 bath | ||
| 11 years ago | $595 | 2 bed | 1 bath | ||
| 12 years ago | $595 | 3 bed | 1 bath |
Schools near 1231 Shepard St
Daniel Webster School No. 346
1450 s reisner
indianapolis, IN, 46221
PK, K-8Public
C
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
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Internet available near 1231 Shepard St
Getting around Indianapolis near 1231 Shepard St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1231 Shepard St, Indianapolis
Groceries
6/10
Variety of groceries within a short drive
Shopping
4/10
Variety of shops within a short drive
Cafes
4/10
Some cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Other units at this address
1231 Shepard Street, Indianapolis, IN
1231 Shepard Street Indianapolis, IN
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$595
Occupied
3 Beds, 1 Bath
3 Beds
1 Bath
$595
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