5+ Days Ago
Highlights
Pet Friendly
Location
1315 Shepard St, Indianapolis, IN 46221, USA|West Indianapolis
Tour 1315 Shepard St
Contact
Alpine Leasing
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent BloomingtonApartments for rent GreenwoodApartments for rent Valley MillsApartments for rent FishersApartments for rent NoblesvilleApartments for rent Snacks - Guion CreekApartments for rent Downtown IndianapolisApartments for rent Chapel Hill - Ben DavisApartments for rent Old NortheastApartments for rent BrownsburgApartments for rent PlainfieldApartments for rent McCordsvilleApartments for rent CambyApartments for rent AvonApartments Near Me
Houses for rent IndianapolisHouses for rent Martindale - BrightwoodHouses for rent Downtown IndianapolisHouses for rent LebanonHouses for rent Near EastsideHouses for rent CrawfordsvilleHouses for rent BloomingtonHouses for rent FishersHouses for rent Near SoutheastHouses for rent Elm HeightsHouses for rent CarmelHouses for rent GreenwoodHouses for rent Near Northwest - RiversideHouses for rent Near SouthsideHouses for rent AndersonHouses for rent near me
Amenities for 1315 Shepard St, West Indianapolis
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Advertisement
About 1315 Shepard St
Sweet deal!
This listing is 20% below the median price for 2 bedroom apartments in West Indianapolis.
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. 12 or 24 months
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 1315 Shepard St compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
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 1315 Shepard St cost about 20% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Mar 7 2026.
West Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,312 |
| 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 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| December 2025 | $1,256 |
| January 2026 | $1,245 |
| February 2026 | $1,239 |
| March 2026 | $1,250 |
| Month | Median Rent |
|---|---|
| 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 | $969 |
| October 2025 | $907 |
| November 2025 | $1,015 |
| December 2025 | $1,053 |
| January 2026 | $1,010 |
| February 2026 | $1,002 |
| March 2026 | $998 |
Affordability calculator
Can I afford to live at 1315 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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this 2-bedrooms monthly rent price of $795.
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.| 2 years ago | $695 |
Schools near 1315 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-
Advertisement
Internet available near 1315 Shepard St
Neighborhood
West Indianapolis | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 1315 Shepard St
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
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 1315 Shepard St, Indianapolis
Groceries
3/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Compare similar properties nearby
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
1–2 Beds
$830–$1,065
- dogs and cats ok
- fitness center
- swimming pool
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
1–2 Beds
$786–$1,820
- dogs and cats ok
- fitness center
- swimming pool
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1 Bed
N/A
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
Spinnaker Court
Our team has verified this companyAspen Ridge • 3685 Saint Thomas Blvd
1 Bed
$768–$1,170
- dogs and cats ok
- fitness center
- swimming pool
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
1–2 Beds
$830–$1,065
- dogs and cats ok
- fitness center
- swimming pool
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
1–2 Beds
$786–$1,820
- dogs and cats ok
- fitness center
- swimming pool
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1 Bed
N/A
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
- dogs and cats ok
- fitness center
- swimming pool
Spinnaker Court
Our team has verified this companyAspen Ridge • 3685 Saint Thomas Blvd
1 Bed
$768–$1,170
- dogs and cats ok
- fitness center
- swimming pool
Check availability
Advertisement