5+ Days Ago
Location
2948 E Michigan St #2, Indianapolis, IN 46201, USA|Near Eastside
Tour 2948 E Michigan St #2
Contact
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent MuncieApartments for rent GreenwoodApartments for rent NoblesvilleApartments for rent Chapel Hill - Ben DavisApartments for rent Valley MillsApartments for rent WhitestownApartments for rent McCordsvilleApartments for rent BrownsburgApartments for rent FishersApartments for rent WestfieldApartments for rent FranklinApartments for rent Five PointsApartments for rent Augusta - New AugustaApartments for rent Snacks - Guion CreekApartments Near Me
Houses for rent IndianapolisHouses for rent FishersHouses for rent AndersonHouses for rent GreenwoodHouses for rent WestfieldHouses for rent CarmelHouses for rent CrawfordsvilleHouses for rent BrownsburgHouses for rent AvonHouses for rent FortvilleHouses for rent ChesterfieldHouses for rent LebanonHouses for rent Beech GroveHouses for rent NoblesvilleHouses for rent WhitestownHouses for rent near me
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Advertisement
About 2948 E Michigan St #2
Newly finished and move in ready, this updated 2 bed, 1 bath home offers a clean, comfortable layout in a convenient Indianapolis location. The home features fresh finishes, bright living space, updated flooring, and a refreshed bathroom that gives it a modern feel. The fenced backyard adds extra privacy and outdoor space, perfect for relaxing, pets, or enjoying evenings outside. Located on E Michigan Street, you're just minutes from downtown Indianapolis, Bottleworks, Mass Ave, Irvington, and major commuter routes. The location makes it easy to get to restaurants, shopping, entertainment, hospitals, and local employers without being tucked too far away from the city. This is a great fit for someone wanting an affordable, updated rental with quick access to everything Indy has to offer. Move in and enjoy a furnished home that feels simple, clean, and ready from day one.
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 2948 E Michigan St #2 compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.4 mile away
Address details
| Neighborhood | Near Eastside |
|---|---|
| Zip code | 46201 |
| Type | Apartment for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Near Eastside
2-bedroom apartments at 2948 E Michigan St #2 cost about 9% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of May 30 2026.
Near Eastside
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,341 |
| 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 |
| Month | Median Rent |
|---|---|
| June 2024 | $984 |
| July 2024 | $996 |
| August 2024 | $994 |
| September 2024 | $1,075 |
| October 2024 | $1,153 |
| November 2024 | $1,104 |
| December 2024 | $1,034 |
| January 2025 | $1,012 |
| February 2025 | $1,000 |
| March 2025 | $999 |
| April 2025 | $1,075 |
| May 2025 | $1,078 |
| June 2025 | $1,098 |
| July 2025 | $1,089 |
| August 2025 | $1,087 |
| September 2025 | $1,100 |
| October 2025 | $1,112 |
| November 2025 | $1,120 |
| December 2025 | $1,170 |
| January 2026 | $1,162 |
| February 2026 | $1,186 |
| March 2026 | $1,190 |
| April 2026 | $1,181 |
| May 2026 | $1,196 |
Affordability calculator
Can I afford to live at 2948 E Michigan St #2?
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
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Schools near 2948 E Michigan St #2
Thomas D. Gregg School No. 15
2302 e michigan st
indianapolis, IN, 46201
PK, K-6Public
C-
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Family Development Services - Windsor Village East
5950 e 23rd st
indianapolis, IN, 46218
PKPublic
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Family Development Services, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
Advertisement
Internet available near 2948 E Michigan St #2
Getting around Indianapolis near 2948 E Michigan St #2
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
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 2948 E Michigan St #2, Indianapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
5/10
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
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Compare similar properties nearby
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
1–2 Beds
$1,529–$2,120
- dogs and cats ok
- swimming pool
- in-unit laundry
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,130–$1,450
- dogs and cats ok
- swimming pool
- in-unit laundry
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
1–2 Beds
$799–$1,904
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
1–3 Beds
$830–$1,578
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,116–$5,461
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
1–2 Beds
$1,529–$2,120
- dogs and cats ok
- swimming pool
- in-unit laundry
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,130–$1,450
- dogs and cats ok
- swimming pool
- in-unit laundry
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
1–2 Beds
$799–$1,904
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
1–3 Beds
$830–$1,578
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
Overlook at Valley Ridge Apartments
Our team has verified this companyI65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,116–$5,461
- dogs and cats ok
- swimming pool
- in-unit laundry
- dogs and cats ok
- swimming pool
- in-unit laundry
Check availability
Advertisement