5+ Days Ago
Highlights
Pet Friendly
Location
1556 1/2 Shelby St #3, Indianapolis, IN 46203, USA|Near Southside
Tour 1556 1/2 Shelby St #3
Contact
Nautilus Property Group
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Property Overview
Hardwood floors, strong value for money (76.67th percentile in the area), and excellent nearby services make this an appealing option. The location is especially convenient for pet owners, with a dog park within a mile plus multiple pet hospitals, supply stores, and grooming services, and also offers close access to a highly rated elementary school just over 0.05 miles away.
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
Elementary school nearby- Less expensive
Great for
Pet owners
Amenities for 1556 1/2 Shelby St #3, Near Southside
Appliances
| Range |
Building
| Cats OK | Dogs OK |
Grounds
| Assigned Parking |
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?
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About 1556 1/2 Shelby St #3
Sweet deal!
This listing is 26% below the median price for 2 bedroom apartments in Near Southside.
Upstairs Unit. Kitchen. Hardwood Floors. Two Bedrooms. Just a few minutes walk from central Fountain Square. A few more minutes driving and you'll be downtown Indianapolis.
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 1556 1/2 Shelby St #3 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Near Southside |
|---|---|
| Zip code | 46203 |
| Type | Apartment for rent |
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Rent trends in Near Southside
2-bedroom apartments at 1556 1/2 Shelby St #3 cost about 26% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Jun 6 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,342 |
| 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 |
| April 2026 | $1,250 |
| May 2026 | $1,275 |
| June 2026 | $1,290 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,175 |
| July 2024 | $1,303 |
| August 2024 | $1,317 |
| September 2024 | $1,319 |
| October 2024 | $1,411 |
| November 2024 | $1,408 |
| December 2024 | $1,316 |
| January 2025 | $1,349 |
| February 2025 | $1,378 |
| March 2025 | $1,384 |
| April 2025 | $1,337 |
| May 2025 | $1,312 |
| June 2025 | $1,134 |
| July 2025 | $1,178 |
| August 2025 | $1,154 |
| September 2025 | $1,106 |
| October 2025 | $1,170 |
| November 2025 | $1,165 |
| December 2025 | $1,212 |
| January 2026 | $1,228 |
| February 2026 | $1,273 |
| March 2026 | $1,288 |
| April 2026 | $1,252 |
| May 2026 | $1,288 |
| June 2026 | $1,350 |
Affordability calculator
Can I afford to live at 1556 1/2 Shelby St #3?
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
$40,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 2-bedrooms monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near 1556 1/2 Shelby St #3
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-
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
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Internet available near 1556 1/2 Shelby St #3
Getting around Indianapolis near 1556 1/2 Shelby St #3
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 1556 1/2 Shelby St #3, Indianapolis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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