5+ Days Ago
Highlights
- Open layout
- Modern fixtures
- Vibrant neighborhood
- Cozy living experience
Location
403 Wallace Ave, Indianapolis, IN 46201, USA|Near Eastside
Tour 403 Wallace Ave
Contact
PMI Indianapolis
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Property management
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Amenities for 403 Wallace Ave, Near Eastside
Appliances
| In-Unit Laundry |
Services
| On-Site Management | Package Service |
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
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 403 Wallace Ave
Sweet deal!
This listing is 23% below the median price for 2 bedroom apartments in Near Eastside.
Outlined by the charming streets of Indianapolis, 403 Wallace Avenue offers a cozy yet vibrant living experience in this delightful duplex rental. Nestled in a lively neighborhood, this 600 sq ft gem perfectly balances comfort and convenience, making it an ideal choice for anyone seeking a peaceful retreat in the heart of the city. With two inviting bedrooms, this duplex provides ample space to unwind and recharge after a long day. The full bathroom is designed with modern fixtures to cater to your everyday needs with ease and style. The open layout ensures a seamless flow between living spaces, creating a warm atmosphere that welcomes you home. Whether you're a food enthusiast or a cooking novice, the kitchen space offers endless possibilities for culinary creativity. Step outside, and you'll find yourself surrounded by an array of local amenities, ensuring everything you need is just a short walk away. The location provides easy access to public transport, making commutes and explorations around Indianapolis a breeze. Experience the perfect blend of urban living and suburban tranquility at 403 Wallace Avenue, where your next chapter awaits. Refrigerator and Range provided. Washer and dryer hookups in unit. Tenant pays all utilities. Pets: Allowed, 3 Max. Call for additional details! A Rent Guarantee Policy from TheGuarantors is required for all applicants. Security deposit amounts vary based on credit and income. Applicants who do not meet the minimum credit score of 680 and income requirement of 3x the monthly rent may be required to pay a deposit equal to 2 months' rent. At Pmi, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (rbp) to address common headaches for our residents. Our program handles insurance, pest control, air filter changes, utility set up, credit building, resident rewards, identity protection and more at a rate of $69.99/month, added to every property as a required program. More details upon application. *If you provide your own insurance policy, the Rbp cost will be reduced by the amount of the insurance premium billed by Second Nature Insurance Services (npn No. 20224621). By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
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 403 Wallace Ave compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.4 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Package service
- More secure storage for delivery
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Lacks images
- Fewer than 10 photos available for this location
Address details
| Neighborhood | Near Eastside |
|---|---|
| Zip code | 46201 |
| Type | House for rent |
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Rent trends in Near Eastside
2-bedroom apartments at 403 Wallace Ave cost about 23% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Nov 29 2025.
Near Eastside
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,279 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| April 2024 | $1,305 |
| May 2024 | $1,349 |
| June 2024 | $1,338 |
| July 2024 | $1,380 |
| August 2024 | $1,377 |
| September 2024 | $1,384 |
| October 2024 | $1,394 |
| November 2024 | $1,392 |
| December 2024 | $1,378 |
| January 2025 | $1,389 |
| February 2025 | $1,389 |
| March 2025 | $1,333 |
| April 2025 | $1,312 |
| May 2025 | $1,322 |
| June 2025 | $1,312 |
| July 2025 | $1,298 |
| August 2025 | $1,290 |
| September 2025 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| Month | Median Rent |
|---|---|
| December 2023 | $988 |
| January 2024 | $950 |
| February 2024 | $1,056 |
| March 2024 | $1,047 |
| April 2024 | $1,034 |
| May 2024 | $1,028 |
| June 2024 | $995 |
| July 2024 | $996 |
| August 2024 | $994 |
| September 2024 | $1,075 |
| October 2024 | $1,153 |
| November 2024 | $1,104 |
| December 2024 | $1,034 |
| January 2025 | $1,012 |
| February 2025 | $1,000 |
| March 2025 | $999 |
| April 2025 | $1,075 |
| May 2025 | $1,078 |
| June 2025 | $1,098 |
| July 2025 | $1,089 |
| August 2025 | $1,087 |
| September 2025 | $1,100 |
| October 2025 | $1,112 |
| November 2025 | $1,120 |
Affordability calculator
Can I afford to live at 403 Wallace Ave?
Bedrooms
2 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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 2-bedrooms monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near 403 Wallace Ave
Ralph Waldo Emerson School No. 58
321 n linwood ave
indianapolis, IN, 46201
PK, K-6Public
C-
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
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Internet available near 403 Wallace Ave
Getting around Indianapolis near 403 Wallace Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
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 403 Wallace Ave, Indianapolis
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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