Updated 1 Day 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
Tour 328 W 40th St
Contact
Nearby rentals
Property management
Apartments for rent IndianapolisApartments for rent GreenwoodApartments for rent NoblesvilleApartments for rent LafayetteApartments for rent FishersApartments for rent Chapel Hill - Ben DavisApartments for rent AvonApartments for rent Snacks - Guion CreekApartments for rent PlainfieldApartments for rent BrownsburgApartments for rent Near SoutheastApartments for rent WestfieldApartments for rent Southern DunesApartments for rent CambyApartments for rent FranklinApartments Near Me
Houses for rent IndianapolisHouses for rent LafayetteHouses for rent ShelbyvilleHouses for rent CarmelHouses for rent FishersHouses for rent CrawfordsvilleHouses for rent NoblesvilleHouses for rent GreenwoodHouses for rent LebanonHouses for rent AndersonHouses for rent AvonHouses for rent CumberlandHouses for rent MartinsvilleHouses for rent GreenfieldHouses for rent WestfieldHouses for rent near me
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.
Contact Property
Advertisement
About 328 W 40th St
Sweet deal!
This listing is 28% 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 mile away
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Address details
| Neighborhood | Butler - Tarkington |
|---|---|
| Zip code | 46208 |
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Butler - Tarkington
2-bedroom apartments at 328 W 40th St cost about 28% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Aug 29 2026.
Butler - Tarkington
Indianapolis
| Month | Median Rent |
|---|---|
| September 2024 | $1,382 |
| 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 | $1,270 |
| August 2026 | $1,290 |
| 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 |
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
Advertisement
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
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
Compare similar properties nearby
The Domino
Our team has verified this companyMartindale - Brightwood • 3132 Dr Andrew J Brown Ave
1–2 Beds
$1,408–$2,120
- dogs and cats ok
- swimming pool
- fitness center
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,079–$1,450
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
Lakeshore Apartments
Our team has verified this companyCastleton • 8210 Lakeshore Trail East Dr
1–2 Beds
$1,145–$1,539
- dogs and cats ok
- swimming pool
- fitness center
VER at Proscenium Apartments
Our team has verified this company1225 Veterans Way
1–2 Beds
$1,399–$2,212
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
The Domino
Our team has verified this companyMartindale - Brightwood • 3132 Dr Andrew J Brown Ave
1–2 Beds
$1,408–$2,120
- dogs and cats ok
- swimming pool
- fitness center
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,079–$1,450
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
Lakeshore Apartments
Our team has verified this companyCastleton • 8210 Lakeshore Trail East Dr
1–2 Beds
$1,145–$1,539
- dogs and cats ok
- swimming pool
- fitness center
VER at Proscenium Apartments
Our team has verified this company1225 Veterans Way
1–2 Beds
$1,399–$2,212
- dogs and cats ok
- swimming pool
- fitness center
- dogs and cats ok
- swimming pool
- fitness center
Check availability
Advertisement