Updated 3 Days Ago
Highlights
- Modern convenience
- Ample outdoor space
- Outdoor space for relaxing and entertaining
Location
4040 N College Ave, Indianapolis, IN 46205, USA|Meridian Kessler
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Property Overview
Modern convenience pairs with ample outdoor space, including areas for relaxing and entertaining. Nearby grocery access and a strong set of 20 photos add everyday practicality and make it easier to get a quick feel for the home.
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
Images Available
Great for
Pet owners
Amenities for 4040 N College Ave, Meridian Kessler
Features
| 2 Floors | Central Air |
| Hardwood Floor | Natural Gas |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Basement |
Grounds
| Outdoor Space |
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 Welcome to 4040 N. College Ave., a charming two-story townhome offering approximately 1,280 square feet of comfortable living space in a highly desirable Indianapolis location. This well-maintained home features 3 bedrooms, 1.5 bathrooms, and versatile living areas perfect for families, roommates, students, or professionals. Enjoy the convenience of being located directly on the IndyGo Red Line and the Monon Trail, providing easy access throughout the city. The property is just minutes from Butler University, Marian University, and IU Indianapolis (IU Indy), making it an excellent option for students, faculty, and staff. You'll also love being close to some of Indianapolis' most popular destinations, including Broad Ripple, Mass Ave, and Downtown Indianapolis, where you'll find outstanding dining, entertainment, shopping, and cultural attractions. Situated on a generous lot, this home offers ample outdoor space for relaxing and entertaining. Built in 1910, it combines historic character with modern convenience. Move-in Special: 1/2 off your first month's rent. Flexible deposit options available. Schedule your showing today! Office Phone: (317) 654-6363 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 4040 N College Ave compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
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
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 6% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Aug 29 2026.
Meridian Kessler
Indianapolis
| Month | Median Rent |
|---|---|
| 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 |
| 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 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,796 |
| 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 |
| February 2026 | $1,628 |
| March 2026 | $1,887 |
| April 2026 | $1,937 |
| May 2026 | $1,910 |
| June 2026 | $1,695 |
| July 2026 | $1,745 |
| August 2026 | $1,760 |
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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 3-bedrooms monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 5 months ago | $2,250 |
Schools near 4040 N College Ave
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
Family Development Services, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
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+
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
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Internet available near 4040 N College Ave
Neighborhood
Meridian Kessler | Indianapolis, IN
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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