5+ Days Ago
Highlights
Pet Friendly
- Open floor plan
- Fully renovated
- W/d hookups
- 2 car garage
- Paved patio area
- Carpeted bedrooms
Location
243 Terrace Ave, Indianapolis, IN 46225, USA|Near Southside
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Property Overview
Fully renovated with an open floor plan, carpeted bedrooms, w/d hookups, a 2‑car garage, and a paved patio area, it offers both comfort and functionality. Strong work-from-home potential comes from high‑speed internet, common areas suited to remote work, and nearby coworking cafés. Pet needs are supported by multiple nearby pet hospitals, supply stores, a dog park within a mile, and outdoor spaces, while the close proximity to a top-rated elementary school and ample photos help renters evaluate the home quickly.
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- Images Available
Great for
Work-from-home
Pet owners
Amenities for 243 Terrace Ave, Near Southside
Features
| Carpet | Dryer |
| Forced Air | Freezer |
| Hardwood Floor |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Range/Oven | Refrigerator |
Tech
| Cable Ready | Wired For Internet |
Community
| Cats OK | Dogs OK |
| Onsite Laundry | Residents Lounge |
| Security Cameras |
Grounds
| Fenced Yard | Garage Parking |
| Lawn | Off-Street Parking |
| Outdoor Space |
Neighborhood
| Near Parks |
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?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 243 Terrace Ave
Property Id: 652651 Welcome to this beautifully renovated, 4 bed, 2 bath home in the charming Bates Hendricks neighborhood! Available for rent May 2026! HOUSE INFO: Master bedroom on main floor with en suite bathroom. Second bedroom and additional bathroom on main floor. Second floor has two remaining bedrooms. Dedicated laundry room with washer & dryer included. Fully fenced spacious yard with a patio area perfect for a lounge or dining set. 2 car detached garage plus plenty of street parking. *Unfurnished LOCATION INFO: House is in the desirable Bates Hendricks neighborhood, close to Downtown Indianapolis & Fountain Square. Easily walk or bike to restaurants, shopping, bars, and more. Close to all major highways/interstates and growing bike lanes makes it easy for commuters as well. OTHER INFO: - Wifi Google Fiber included - Google Smart home with smart locks - Pets allowed with 1 time fee - Washer & dryer included *Please avoid drive-bys as the home is currently occupied. All walkthroughs will need to be scheduled with myself and the tenant. Thanks!
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 243 Terrace Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Near Southside |
|---|---|
| Zip code | 46225 |
| Type | House for rent |
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Rent trends in Near Southside
4-bedroom apartments at 243 Terrace Ave cost about 20% more than the average rent price for 4-bedroom apartments in Indianapolis.
Median rents as of May 23 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,864 |
| July 2024 | $1,838 |
| August 2024 | $1,861 |
| September 2024 | $1,852 |
| October 2024 | $1,853 |
| November 2024 | $1,810 |
| December 2024 | $1,816 |
| January 2025 | $1,854 |
| February 2025 | $1,885 |
| March 2025 | $1,942 |
| April 2025 | $1,993 |
| May 2025 | $2,025 |
| June 2025 | $2,040 |
| July 2025 | $1,984 |
| August 2025 | $1,900 |
| September 2025 | $1,894 |
| October 2025 | $1,885 |
| November 2025 | $1,810 |
| December 2025 | $1,820 |
| January 2026 | $1,842 |
| February 2026 | $1,868 |
| March 2026 | $1,942 |
| April 2026 | $2,004 |
| May 2026 | $1,982 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,600 |
| June 2025 | $2,550 |
| July 2025 | $2,495 |
| September 2025 | $2,400 |
| October 2025 | $2,757 |
| November 2025 | $2,825 |
| December 2025 | $2,262 |
| January 2026 | $2,170 |
| February 2026 | $2,121 |
| March 2026 | $1,986 |
| April 2026 | $2,055 |
| May 2026 | $2,124 |
Affordability calculator
Can I afford to live at 243 Terrace Ave?
Bedrooms
4+ 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
$108,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $108,000 annually to afford this 4-bedrooms monthly rent price of $2,700.
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.| This month | $2,750 |
| 3 years ago | $2,400 |
Schools near 243 Terrace Ave
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-
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
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Internet available near 243 Terrace Ave
Neighborhood
Near Southside | Indianapolis, IN
Getting around Indianapolis near 243 Terrace Ave
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
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 243 Terrace Ave, Indianapolis
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
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
5/10
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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