Updated 29 Minutes Ago
Location
318 N Sherman Dr #A, Indianapolis, IN 46201, USA|Near Eastside
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Amenities for 318 N Sherman Dr #A, Near Eastside
Apartment Amenities
| Forced Air |
Building
| Basement |
Services
| Concierge Service | Package Service |
Other
| Exterior Type: Vinyl with Brick | Two Rooms |
| Wall Units |
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
About 318 N Sherman Dr #A
Sweet deal!
This listing is 26% below the median price for studio apartments in Near Eastside.
Property Status: Active Discover efficient living in Indianapolis. This studio apartment blends simplicity with functionality, offering an open space ready for your personal touch. Enjoy a well-appointed full bathroom and vibrant community with easy access to amenities and public transport. Just a short drive to downtown, embrace the balance of tranquility and city life in this thoughtfully designed haven. In addition to rent, tenants are responsible to pay $150 per month for all utilities. All residents will be enrolled in a Resident Benefits Package (RBP) and these packages range from $45 - $55 per month and include benefits such as liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Office Phone: (317) 842-3400 Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 318 N Sherman Dr #A compares to other nearby properties.
Positives
- More space
- Studio is 330 sqft larger than other listings nearby
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 miles away
Address details
| Neighborhood | Near Eastside |
|---|---|
| Zip code | 46201 |
| Type | Apartment for rent |
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Rent trends in Near Eastside
studio apartments at 318 N Sherman Dr #A cost about 26% less than the average rent price for studio apartments in Indianapolis.
Median rents as of Oct 31 2026.
Near Eastside
Indianapolis
| Month | Median Rent |
|---|---|
| November 2024 | $1,123 |
| December 2024 | $1,105 |
| January 2025 | $1,194 |
| February 2025 | $1,191 |
| March 2025 | $1,151 |
| April 2025 | $1,121 |
| May 2025 | $1,139 |
| June 2025 | $1,158 |
| July 2025 | $1,185 |
| August 2025 | $1,178 |
| September 2025 | $1,065 |
| October 2025 | $1,063 |
| November 2025 | $1,048 |
| December 2025 | $1,029 |
| January 2026 | $1,039 |
| February 2026 | $1,034 |
| March 2026 | $1,004 |
| April 2026 | $955 |
| May 2026 | $951 |
| June 2026 | $892 |
| July 2026 | $871 |
| August 2026 | $888 |
| September 2026 | $930 |
| October 2026 | $963 |
| Month | Median Rent |
|---|---|
| November 2024 | $941 |
| December 2024 | $774 |
| January 2025 | $742 |
| February 2025 | $630 |
| March 2025 | $1,199 |
| April 2025 | $1,049 |
| May 2025 | $1,199 |
| June 2025 | $1,149 |
| July 2025 | $1,199 |
| August 2025 | $1,008 |
| September 2025 | $690 |
| October 2025 | $696 |
| November 2025 | $953 |
| December 2025 | $908 |
| January 2026 | $945 |
| February 2026 | $924 |
| March 2026 | $898 |
| April 2026 | $650 |
| May 2026 | $628 |
| June 2026 | $625 |
| July 2026 | $625 |
| September 2026 | $525 |
| October 2026 | $597 |
Affordability calculator
Can I afford to live at 318 N Sherman Dr #A?
Bedrooms
StudioRent-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
$20,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $20,600 annually to afford this studio monthly rent price of $515.
For more information on rent affordability, visit our rent calculator.
Schools near 318 N Sherman Dr #A
Ralph Waldo Emerson School No. 58
321 n linwood ave
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
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Getting around Indianapolis near 318 N Sherman Dr #A
Walking
6/10
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 318 N Sherman Dr #A, Indianapolis
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
6/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
5/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
6/10
Wide variety of bars within a short drive, including some within walking distance
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