5+ Days Ago
Highlights
- Washer/dryer
- Spacious floor plan
- Shaker cabinets
- High ceilings
- Tiled shower
Location
328 W 40th St, Indianapolis, IN 46208, USA|Butler - Tarkington
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Amenities for 328 W 40th St, Butler - Tarkington
Apartment Amenities
| Air Conditioning | Central Air |
| Electric Heating | High Ceilings |
| Window Units |
Appliances
| In-Unit Laundry |
Building
| Basement |
Grounds
| Outdoor Space | Storage |
Other
| Architecture Style: Bungalow | Exterior Type: Vinyl Siding |
| Multi Units | 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
Contact for more information on pet policy.
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About 328 W 40th St
Sweet deal!
This listing is 16% below the median price for 2 bedroom apartments in Butler - Tarkington.
Property Status: Active Located at 328 W 40th ST, INDIANAPOLIS, IN, this this charming 2-bedroom, 1-bathroom duplex nestled in the desirable Butler-Tarkington area presents an inviting home, ready to move in and begin your next chapter. The kitchen provides both beauty and functionality, featuring shaker cabinets that offer plenty of storage space, and countertops that provide a stylish and durable surface for all your culinary endeavors. Imagine preparing your favorite meals in this thoughtfully designed space. The bathroom offers a tiled shower, providing a clean and refreshing experience. This property offers a lot area of 5271 square feet, and a living area of 478 square feet. This one-story home combines classic charm with modern convenience. Embrace the opportunity to own a charming residence in a fantastic location, offering a blend of comfort and style. Situated just a short distance from Butler University, this well-appointed home offers convenience and comfort. With essential appliances such as a stove, fridge, A/C window units, and a washer/dryer, this duplex is ready to provide a cozy living experience. This must-see unit comes with high ceilings and a spacious floor plan. It's within walking distance to local restaurants and shops! In addition to rent ($1,050), a $100/month fixed charge for water, lawn mowing and sewer utilities will be assessed making the total of $1,150. Office Phone: (317) 794-2827 Copyright © 2025 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
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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 16% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Aug 30 2025.
Butler - Tarkington
Indianapolis
| Month | Median Rent |
|---|---|
| September 2023 | $1,306 |
| October 2023 | $1,307 |
| November 2023 | $1,292 |
| December 2023 | $1,285 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| April 2024 | $1,305 |
| May 2024 | $1,349 |
| June 2024 | $1,338 |
| 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 | $1,292 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,064 |
| October 2023 | $1,021 |
| November 2023 | $1,174 |
| December 2023 | $1,367 |
| January 2024 | $1,448 |
| March 2024 | $1,274 |
| April 2024 | $1,290 |
| May 2024 | $1,308 |
| June 2024 | $1,322 |
| July 2024 | $1,389 |
| 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 | $1,300 |
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
$42,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $42,000 annually to afford this 2-bedrooms monthly rent price of $1,050.
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-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
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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
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