Updated 5+ Days Ago
Highlights
- Walk-in shower
- Private retreats
- Sophisticated living
- Ample outdoor space
- Comfortable retreats
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 328 W 40th St
Sweet deal!
This listing is 13% below the median price for 2 bedroom apartments in Butler - Tarkington.
Property Status: Active One month of rent free! 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 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 328 W 40th St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 miles away
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
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 13% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Oct 17 2026.
Butler - Tarkington
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,270 |
| August 2026 | $1,290 |
| September 2026 | $1,299 |
| October 2026 | $1,297 |
| Month | Median Rent |
|---|---|
| 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 |
| July 2026 | $1,415 |
| August 2026 | $1,580 |
| September 2026 | $1,337 |
| October 2026 | $1,327 |
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
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
3/10
Some groceries within a short drive
Shopping
4/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Wide variety of restaurants within a short drive, including some 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 a short drive
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