5+ Days Ago
Highlights
- Historic downtown location
- High ceilings
Location
40 W Chestnut St #1, Martinsville, IN 46151, USA
Tour 40 W Chestnut St #1
Contact
ALL Property Management
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Property Overview
This property features a historic downtown location with high ceilings, enhancing its character and appeal. It offers convenience with top-rated elementary and middle schools within a short distance, and a grocery store just under 2.5 miles away. Additionally, it provides a quiet environment ideal for remote work, complemented by high-speed internet access and nearby office supply options, making it a valuable find in the area.
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
Elementary school nearby- Less expensive
- Middle school nearby
Great for
Work-from-home
Amenities for 40 W Chestnut St #1
Appliances
| Range | Refrigerator |
Tech
| High-Speed Internet |
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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 40 W Chestnut St #1
Located just two blocks from the historic Morgan County Courthouse Square, this classic 1890-built residence offers charming multi-family living in a prime downtown location. This property features character-rich units with high ceilings and architectural details that reflect the "City of Mineral Water's" historic heritage. Pet Policy: No Pets Allowed Tenant pay electric Served by the MSD Martinsville Schools attendance zone.
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 40 W Chestnut St #1 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
Address details
| Zip code | 46151 |
|---|---|
| Type | House for rent |
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Rent trends in Martinsville
1-bedroom apartments at 40 W Chestnut St #1 cost about 6% less than the average rent price for 1-bedroom apartments in Martinsville.
Median rents as of Jan 24 2026.
Martinsville
| Month | Median Rent |
|---|---|
| February 2024 | $861 |
| March 2024 | $789 |
| April 2024 | $828 |
| May 2024 | $911 |
| June 2024 | $874 |
| July 2024 | $850 |
| August 2024 | $988 |
| September 2024 | $965 |
| January 2025 | $929 |
| February 2025 | $856 |
| March 2025 | $850 |
| April 2025 | $850 |
| May 2025 | $866 |
| July 2025 | $945 |
| August 2025 | $945 |
| September 2025 | $900 |
| October 2025 | $875 |
| November 2025 | $922 |
| December 2025 | $911 |
| January 2026 | $900 |
Affordability calculator
Can I afford to live at 40 W Chestnut St #1?
Bedrooms
1 bedroomRent-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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near 40 W Chestnut St #1
Poston Road Elementary School
139 e poston rd
martinsville, IN, 46151
PK, K-4Public
B
South Elementary School
500 artesian ave
martinsville, IN, 46151
PK, K-6Public
C+
Charles L. Smith Fine Arts Academy
1359 e columbus st
martinsville, IN, 46151
PK, K-4Public
B
Green Township Elementary School
6275 maple grove rd
martinsville, IN, 46151
PK, K-4Public
B
Centerton Elementary School
6075 high st
martinsville, IN, 46151
PK, K-4Public
B+
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Internet available near 40 W Chestnut St #1
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Martinsville near 40 W Chestnut St #1
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 40 W Chestnut St #1, Martinsville
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
0/10
Few or no bars within walking distance
Compare similar properties nearby
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
- on-site laundry
- in-unit laundry
- dogs and cats ok
Check availability
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