3 Days Ago
Highlights
Pet Friendly
Location
3518 Terrace Ave, Indianapolis, IN 46203, USA|Near Southeast
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Property Overview
Set on Terrace Ave in Indianapolis, the home offers appealing features such as its established neighborhood setting and convenient access to local amenities and commuter routes. Notable characteristics and practical pros combine to create a versatile living option, with features that can accommodate a range of lifestyles and daily needs.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- High school nearby
Great for
Pet owners
Amenities for 3518 Terrace Ave, Near Southeast
Features
| Newly Remodeled |
Appliances
| Range | Refrigerator |
Community
| Cats OK | Dogs OK |
Neighborhood
| Nice Neighborhood |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
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About 3518 Terrace Ave
Sweet deal!
This listing is 13% below the median price for 3 bedroom apartments in Near Southeast.
Discover this newly remodeled 3-bedroom, 1-bath home in Indianapolis’s Old Southside. The update brings fresh finishes and a clean, modern feel throughout, while the property sits within a nice neighborhood offering easy access to local amenities. Well-suited for anyone seeking updated living space in a convenient Indianapolis location.
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 3518 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 middle schools
- The nearest middle school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile 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 3518 Terrace Ave cost about 13% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Apr 18 2026.
Near Southeast
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,598 |
| November 2025 | $1,581 |
| December 2025 | $1,585 |
| January 2026 | $1,598 |
| February 2026 | $1,599 |
| March 2026 | $1,599 |
| April 2026 | $1,599 |
| Month | Median Rent |
|---|---|
| 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 | $1,434 |
| November 2025 | $1,421 |
| December 2025 | $1,450 |
| January 2026 | $1,485 |
| February 2026 | $1,525 |
| March 2026 | $1,443 |
| April 2026 | $1,432 |
Affordability calculator
Can I afford to live at 3518 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
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 3-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Schools near 3518 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-
Family Development Services - Windsor Village East
5950 e 23rd st
indianapolis, IN, 46218
PKPublic
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
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Internet available near 3518 Terrace Ave
Neighborhood
Near Southeast | Indianapolis, IN
Getting around Indianapolis near 3518 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.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 3518 Terrace Ave, Indianapolis
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
2/10
No elementary schools within a 30-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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