1 Day Ago
Location
3502 Terrace Ave, Indianapolis, IN 46203, USA|Near Southeast
Tour 3502 Terrace Ave
Contact
Alpine Leasing
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Policies and fees
No pets allowed.
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About 3502 Terrace Ave
Sweet deal!
This listing is 29% below the median price for 3 bedroom apartments in Near Southeast.
ALERT - ALPINE LEASING DOES NOT ADVERTISE RENTAL PROPERTIES ON FACEBOOK OR. AND WE NEVER COLLECT PAYMENTS AT OUR HOUSES. NO EXCEPTIONS. This home is move-in ready and available now! We get a lot of inquiries and our properties turn over quickly. IF YOU WISH TO RECEIVE PRIORITY TREATMENT FROM OUR LEASING TEAM, AS WELL AS A DIRECT LINE OF COMMUNICATION WITH ONE OF OUR REALTORS, PLEASE GO TO 317RENTAL. COM AND COMPLETE AN APPLICATION TO GET PRE-APPROVED. Apply for any property. Our approval will be for a dollar amount, not a house. As soon as you are pre-approved, a Realtor will reach out to you to schedule showings. OUR BEST HOMES USUALLY GO TO TENANTS SHOPPING WITH A PRE-APPROVAL! We are a Licensed Real Estate Brokerage. Our primary focus is leasing residential properties. Due to a high demand for our large inventory of homes, our approval process is automated. WE ARE UNABLE TO DISCUSS APPLICATIONS IN PROCESS AT OUR OFFICE. WE DO NOT HAVE PHONE LINES DEDICATED TO DISCUSSING APPLICATIONS IN PROCESS OR WHAT IS NEEDED FOR APPROVAL. Approval guidelines are listed on our website. Upon completion of your application you will receive an email from our processing department that will serve as an open line of communication. Our email account is monitored closely by management/processing staff and responses are made in a timely manner Monday - Friday, 9am - 5pm. Upon approval of your application you will be contacted by a Realtor. You will then have access to phone communication and personalized service from an agent who will help you get moved into a home.
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 3502 Terrace Ave compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Neighborhood | Near Southeast |
|---|---|
| Zip code | 46203 |
| Type | House for rent |
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Rent trends in Near Southeast
3-bedroom apartments at 3502 Terrace Ave cost about 29% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Oct 11 2025.
Near Southeast
Indianapolis
| Month | Median Rent |
|---|---|
| October 2023 | $1,545 |
| November 2023 | $1,527 |
| December 2023 | $1,500 |
| January 2024 | $1,522 |
| February 2024 | $1,547 |
| March 2024 | $1,578 |
| April 2024 | $1,598 |
| May 2024 | $1,619 |
| June 2024 | $1,628 |
| July 2024 | $1,637 |
| August 2024 | $1,618 |
| September 2024 | $1,598 |
| October 2024 | $1,611 |
| November 2024 | $1,595 |
| December 2024 | $1,586 |
| January 2025 | $1,596 |
| February 2025 | $1,605 |
| March 2025 | $1,655 |
| April 2025 | $1,680 |
| May 2025 | $1,697 |
| June 2025 | $1,695 |
| July 2025 | $1,652 |
| August 2025 | $1,609 |
| September 2025 | $1,599 |
| October 2025 | $1,600 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,200 |
| November 2023 | $1,175 |
| December 2023 | $1,182 |
| January 2024 | $1,219 |
| February 2024 | $1,267 |
| March 2024 | $1,195 |
| April 2024 | $1,204 |
| May 2024 | $1,300 |
| June 2024 | $1,299 |
| July 2024 | $1,442 |
| August 2024 | $1,448 |
| September 2024 | $1,354 |
| October 2024 | $1,427 |
| November 2024 | $1,459 |
| December 2024 | $1,517 |
| January 2025 | $1,498 |
| February 2025 | $1,498 |
| March 2025 | $1,498 |
| April 2025 | $1,500 |
| May 2025 | $1,401 |
| June 2025 | $1,473 |
| July 2025 | $1,452 |
| August 2025 | $1,422 |
| September 2025 | $1,444 |
| October 2025 | $1,449 |
Affordability calculator
Can I afford to live at 3502 Terrace Ave?
Bedrooms
3 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
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 3-bedrooms monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.
Schools near 3502 Terrace Ave
Paul I. Miller School No. 114
2251 s sloan ave
indianapolis, IN, 46203
PK, K-6Public
C
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
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
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Internet available near 3502 Terrace Ave
Neighborhood
Near Southeast | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 3502 Terrace Ave
Walking
4/10
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
2/10
There are a few mass transit options within the area.
Points of interest for 3502 Terrace Ave, Indianapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
1/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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