Updated 22 Hours Ago
Location
328 W 40th St, Indianapolis, IN 46208, USA|Butler - Tarkington
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Amenities for 328 W 40th St, Butler - Tarkington
Features
| Central Air | Electric Heating |
| High Ceilings | Window Units |
Appliances
| In-Unit Laundry |
Community
| Basement |
Grounds
| Outdoor Space |
Other
| Architecture Style: Bungalow | Exterior Type: Vinyl Siding |
| Three Rooms |
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.
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About 328 W 40th St
Sweet deal!
This listing is 12% below the median price for 2 bedroom apartments in Butler - Tarkington.
Property Status: Active Discover a charming opportunity for sophisticated living at 328 W 40th ST in INDIANAPOLIS, IN. This inviting single-family residence, built in 1930, offers 808 square feet of meticulously maintained living space, ready for you to move in and make it your own. The single-story layout encompasses two well-proportioned bedrooms, providing comfortable and private retreats. The full bathroom presents a thoughtful design, featuring a walk-in shower for a refreshing experience. Situated on a generous 5271 square foot lot, this property offers ample outdoor space to complement its comfortable interior. To truly appreciate the lifestyle this lease offers, we invite you to experience it firsthand. Office Phone: (317) 956-9410 Copyright © 2026 MIBOR Service Corporation. 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 328 W 40th St 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 | Butler - Tarkington |
|---|---|
| Zip code | 46208 |
| Type | House for rent |
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Rent trends in Butler - Tarkington
2-bedroom apartments at 328 W 40th St cost about 12% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Jul 18 2026.
Butler - Tarkington
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,288 |
| July 2026 | $1,268 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,507 |
| March 2025 | $1,050 |
| April 2025 | $1,268 |
| May 2025 | $1,254 |
| June 2025 | $1,268 |
| July 2025 | $1,315 |
| August 2025 | $1,292 |
| September 2025 | $1,367 |
| October 2025 | $1,346 |
| November 2025 | $1,300 |
Affordability calculator
Can I afford to live at 328 W 40th 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
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Schools near 328 W 40th St
James Whitcomb Riley School No. 43
150 w 40th st
indianapolis, IN, 46208
PK, K-8Public
C-
Family Development Services, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
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Internet available near 328 W 40th St
Getting around Indianapolis near 328 W 40th St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
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 328 W 40th St, Indianapolis
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
4/10
Variety of shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Explore the area around 328 W 40th St
Baba's Steak & Lemonade
2862 Dr Martin Luther King Jr St
Safeway Foods
5602 N Illinois St
The Fresh Market
5415 N College Ave
Nicole-Taylor's Pasta & Market
1134 E 54th St
Walmart Neighborhood Market
5555 Michigan Rd
Tide Cleaners
3838 N Illinois St
Family Dollar
131 W 38th St
Hang Time
11 E 38th St
Exclusive Wear Inc
13 E 38th St
Family Dollar
715 E 38th St
Starbucks
700 W Hampton Dr
Cafe Patachou
4901 N Pennsylvania St
Hubbard & Cravens Coffee Co
4930 N Pennsylvania St
Dunkin'
4851 N College Ave
Prufrock Coffee
5168 N College Ave
The Melody Inn
3826 N Illinois St
Indiana Grand
4200 Michigan Rd
A Taproom
Red Key Tavern
5170 N College Ave
Aristocrat Pub & Restaurant
5212 N College Ave
Courses Bakery
2820 N Meridian St
Bop Bakery
Sucre Baking Company
5261 N Pennsylvania St
Williamson Fish Market
2935 Clifton St
Filigree Bakery, LLC
5420 N New Jersey St
Playground
Tarkington Park
Andrew Ramsey Park
Elwood & Mary Black Park
Sharp Community Garden
Public House
4002 Boulevard Pl
Tea's Me Community Cafe
3967 N Illinois St
Chicago Fish & Chicken
3802 N Kenwood Ave
Hoagies & Hops
4155 Boulevard Pl
Subway
120 W 38th St
38th St / Boulevard Pl
West 38th St
38th St / Boulevard Pl
West 38th St
Illinois St / 40th St
St. Vincent, Broad Ripple
Illinois St / 40th St
Broad Ripple, St. Vincent
Illinois St / 39th St
Broad Ripple, St. Vincent
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