Updated 57 Minutes Ago
Location
4016 Wallace Ave, Indianapolis, IN 46226, USA|Forest Manor
Tour 4016 Wallace Ave
Contact
True Property Management Group
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Amenities for 4016 Wallace Ave, Forest Manor
Community
| Backyard Deck |
Grounds
| Outdoor Space |
Neighborhood
| Quiet Street |
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
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About 4016 Wallace Ave
Discover this 3 bed, 1.5 bath home in Indianapolis’ Forest Manor neighborhood. The property features a large front and back yard plus a backyard deck—ideal for outdoor gatherings and leisure. Located on a residential street in Eastside Indy, the home offers comfortable, well-sized living spaces and straightforward access to neighborhood amenities and local routes.
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 4016 Wallace Ave compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 205 sqft larger than other listings nearby
Address details
| Neighborhood | Forest Manor |
|---|---|
| Zip code | 46226 |
| Type | House for rent |
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Rent trends in Forest Manor
3-bedroom apartments at 4016 Wallace Ave cost about 18% more 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 4016 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
$58,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,000 annually to afford this 3-bedrooms monthly rent price of $1,450.
For more information on rent affordability, visit our rent calculator.
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Internet available near 4016 Wallace Ave
Neighborhood
Forest Manor | Indianapolis, IN
Getting around Indianapolis near 4016 Wallace Ave
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
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
FYI, there are little to no public transit options within walking distance.
Points of interest for 4016 Wallace Ave, Indianapolis
Groceries
4/10
Some groceries within a short drive
Shopping
4/10
Some shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
3/10
Some bars within a short drive
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