5+ Days Ago
Highlights
Pet Friendly
Location
227 S Dearborn St, Indianapolis, IN 46201, USA|Near Southeast
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Property Overview
Located at 227 S Dearborn St, this property offers convenient access to a top-rated high school within a short distance. With a total of 22 photos available, potential renters can efficiently visualize the space. Additionally, outdoor areas are accessible, making it pet-friendly, albeit with a required pet deposit.
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
High school nearby- Images Available
- Outdoor space
Great for
Pet owners
Amenities for 227 S Dearborn St, Near Southeast
Apartment Amenities
| Fresh Paint | Hardwood Floor |
| Porch | Washer/Dryer Hookups |
Appliances
| In-Unit Laundry | Refrigerator |
| Stove/Oven |
Building
| Cats OK | Dogs OK |
| Unfinished Basement |
Grounds
| Outdoor Space |
Services
| On-Site Management | Package Service |
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 227 S Dearborn St
This is a newly updated 2 bedroom / 1 bath duplex home located in Center Township. The home features a brand new refrigerator and stove/oven for your convenience. Enjoy the huge front porch for relaxing evenings and a spacious side yard perfect for pets or outdoor activities. Pets are welcome, making this a great home for the whole family. Located just minutes from downtown, restaurants, shopping, and entertainment, this home offers both comfort and convenience. Please note: This home does not accept Section 8. All properties prohibit smoking/vaping. LEASE TERMS: 12 months. UTILITIES: All Electric. TENANT PAYS: All Utilities except water/sewer. CENTRAL AIR: No. Pet Deposit/Pet Policy: A maximum of 2 pets per property will be allowed with a non-refundable pet fee of $300. There will be a $30 per pet per month charge for pet rent. The following breeds are restricted: Pit Bull and Rottweiler. At CityPlace Property Management, we strive to provide an experience that is cost-effective and convenient. Thats why we provide a Resident Benefits Package (RBP) to address common headaches for our residents. Our program handles insurance, air filter delivery (for applicable properties), credit building, rent rewards and more at a rate of $39.95/month, added to every property as a required program. More details upon application. *If you provide your own insurance policy, the RBP cost will be reduced by the amount of the insurance premium billed by Second Nature Insurance Services (NPN No. 20224621)
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 227 S Dearborn St compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Near Southeast |
|---|---|
| Zip code | 46201 |
| Type | Apartment for rent |
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Rent trends in Near Southeast
2-bedroom apartments at 227 S Dearborn St cost about 13% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Dec 20 2025.
Near Southeast
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| December 2025 | $1,258 |
| Month | Median Rent |
|---|---|
| January 2024 | $1,087 |
| February 2024 | $995 |
| March 2024 | $1,027 |
| April 2024 | $1,081 |
| May 2024 | $1,050 |
| June 2024 | $1,062 |
| July 2024 | $1,195 |
| August 2024 | $1,154 |
| September 2024 | $1,075 |
| October 2024 | $999 |
| November 2024 | $995 |
| December 2024 | $995 |
| January 2025 | $997 |
| February 2025 | $998 |
| March 2025 | $1,008 |
| April 2025 | $1,034 |
| May 2025 | $1,065 |
| June 2025 | $1,022 |
| July 2025 | $1,030 |
| August 2025 | $1,081 |
| September 2025 | $1,111 |
| October 2025 | $1,046 |
| November 2025 | $1,020 |
| December 2025 | $991 |
Affordability calculator
Can I afford to live at 227 S Dearborn 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
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 2-bedrooms monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.
Schools near 227 S Dearborn St
William McKinley School No. 39
1733 spann ave
indianapolis, IN, 46203
PK, K-6Public
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+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
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Internet available near 227 S Dearborn St
Neighborhood
Near Southeast | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 227 S Dearborn 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
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 227 S Dearborn St, Indianapolis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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