Updated 1 Day Ago
Location
3547 Wallace Ave, Indianapolis, IN 46218, USA|Forest Manor
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Amenities for 3547 Wallace Ave, Forest Manor
Features
| Central Air | Electric Heating |
Appliances
| In-Unit Laundry |
Services
| Concierge Service | Package Service |
Other
| Architecture Style: Bungalow | Exterior Type: Vinyl Siding |
| Seven 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.
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About 3547 Wallace Ave
Property Status: Active Discover the charm of a 3-bedroom, 1-bathroom home in the heart of Indianapolis. Offering thoughtfully designed living space, it features a bright, welcoming living area and a well-appointed kitchen. Each bedroom is a serene retreat, and the spacious bathroom blends style and function. Nestled in a vibrant neighborhood, this home is your gateway to all the amenities Indianapolis offers, making every day an exciting adventure. All residents will be enrolled in a Resident Benefits Package (RBP) and these packages range from $45 - $55 per month and include benefits such as liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. This home comes with high speed internet up to 1 Gig at an exclusive group rate of $69.00, and includes 24/7 premium support and setup to help get you connected at move-in Office Phone: (317) 842-3400 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 3547 Wallace Ave compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- More space
- The 3-bedroom is 250 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this property
- Package service
- More secure storage for delivery
Address details
| Neighborhood | Forest Manor |
|---|---|
| Zip code | 46218 |
| Type | House for rent |
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Rent trends in Forest Manor
3-bedroom apartments at 3547 Wallace Ave cost about 2% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Oct 3 2026.
Forest Manor
Indianapolis
| Month | Median Rent |
|---|---|
| October 2024 | $1,622 |
| 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 | $1,600 |
| May 2026 | $1,635 |
| June 2026 | $1,647 |
| July 2026 | $1,647 |
| August 2026 | $1,620 |
| September 2026 | $1,618 |
| October 2026 | $1,645 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,145 |
| December 2024 | $1,145 |
| January 2025 | $1,145 |
| September 2025 | $1,359 |
| October 2025 | $1,395 |
| February 2026 | $1,431 |
| March 2026 | $1,225 |
Affordability calculator
Can I afford to live at 3547 Wallace 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
$47,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,800 annually to afford this 3-bedrooms monthly rent price of $1,195.
For more information on rent affordability, visit our rent calculator.
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Internet available near 3547 Wallace Ave
Neighborhood
Forest Manor | Indianapolis, IN
Getting around Indianapolis near 3547 Wallace Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
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
3/10
There are a few mass transit options within the area.
Points of interest for 3547 Wallace Ave, Indianapolis
Groceries
3/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
0/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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