5+ Days Ago
Location
4040 N College Ave, Indianapolis, IN 46205, USA|Meridian Kessler
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Property Overview
Located in a desirable neighborhood, this property offers spacious living areas and modern updates. Great for individuals or professionals seeking a vibrant community, it is also conveniently close to local amenities like parks, shopping, and dining. Notable features include a charming exterior and a well-maintained yard, enhancing both aesthetics and outdoor enjoyment.
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
Dishwasher
Great for
Pet owners
Amenities for 4040 N College Ave, Meridian Kessler
Apartment Amenities
| Central Air | Hardwood Floor |
| Natural Gas |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Basement |
Other
| Exterior Type: Vinyl Siding | Six 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.
Contact Property
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About 4040 N College Ave
Property Status: Active Office Phone: (888) 611-3912 Copyright © 2026 MIBOR Service Corporation. 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 4040 N College Ave compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
Address details
| Neighborhood | Meridian Kessler |
|---|---|
| Zip code | 46205 |
| Type | House for rent |
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Rent trends in Meridian Kessler
3-bedroom apartments at 4040 N College Ave cost about 41% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Jan 31 2026.
Meridian Kessler
Indianapolis
| Month | Median Rent |
|---|---|
| February 2024 | $1,547 |
| March 2024 | $1,578 |
| April 2024 | $1,598 |
| 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,631 |
| March 2024 | $1,589 |
| April 2024 | $1,565 |
| May 2024 | $1,550 |
| June 2024 | $1,410 |
| July 2024 | $1,568 |
| August 2024 | $1,682 |
| September 2024 | $1,787 |
| October 2024 | $1,806 |
| November 2024 | $1,783 |
| December 2024 | $1,715 |
| January 2025 | $1,700 |
| February 2025 | $1,623 |
| March 2025 | $1,688 |
| April 2025 | $1,699 |
| May 2025 | $1,785 |
| June 2025 | $1,731 |
| July 2025 | $1,730 |
| August 2025 | $1,687 |
| September 2025 | $1,792 |
| October 2025 | $1,725 |
| November 2025 | $1,680 |
| December 2025 | $1,652 |
| January 2026 | $1,614 |
Affordability calculator
Can I afford to live at 4040 N College 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
$90,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 3-bedrooms monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.
Schools near 4040 N College Ave
James Whitcomb Riley School No. 43
150 w 40th st
indianapolis, IN, 46208
PK, K-8Public
C-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
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Internet available near 4040 N College Ave
Neighborhood
Meridian Kessler | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 4040 N College Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
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 4040 N College Ave, Indianapolis
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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