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Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • Modern appliances
  • Open-concept design
  • Laundry room
  • Sleek solid surface countertops
  • Lofty ceilings
  • Spacious master suite

Location

406 Parkway Ave, Indianapolis, IN 46225, USA|Near Southside

Property Overview

Modern finishes such as sleek solid-surface countertops, modern appliances, lofty ceilings, and an open-concept layout complement a spacious primary suite and dedicated laundry room. Strong value for money and proximity to a highly rated middle school add to the appeal. Pet-friendly features include no breed or pet restrictions, hard-surface flooring, nearby pet supply stores, and available outdoor spaces.

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

  • Less expensive
  • Middle school nearby

Great for

  • Pet owners

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Rent trends in Near Southside

4-bedroom apartments at 406 Parkway Ave cost about 18% less than the average rent price for 4-bedroom apartments in Indianapolis.

Median rents as of Aug 1 2026.
Near Southside
Indianapolis
A table of 4-bedroom apartment rental data trends in Indianapolis
MonthMedian Rent
August 2024$1,869
September 2024$1,852
October 2024$1,853
November 2024$1,810
December 2024$1,816
January 2025$1,854
February 2025$1,885
March 2025$1,942
April 2025$1,993
May 2025$2,025
June 2025$2,040
July 2025$1,984
August 2025$1,900
September 2025$1,894
October 2025$1,885
November 2025$1,810
December 2025$1,820
January 2026$1,842
February 2026$1,868
March 2026$1,942
April 2026$2,004
May 2026$1,984
June 2026$2,068
July 2026$2,009
August 2026$1,975
A table of 4-bedroom apartment rental data trends in Near Southside
MonthMedian Rent
June 2025$2,550
July 2025$2,495
September 2025$2,400
October 2025$2,757
November 2025$2,825
December 2025$2,262
January 2026$2,170
February 2026$2,121
March 2026$1,986
April 2026$2,055
May 2026$2,239
June 2026$2,850
July 2026$2,887
August 2026$2,750

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 406 Parkway Ave, Indianapolis, IN.
2 years ago$1,895

Schools near 406 Parkway Ave

James A. Garfield School No. 31

307 lincoln st

indianapolis, IN, 46225

PK, K-8Public
C

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-

Impact Academy

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
D

Impact Academy 2

320 n tibbs ave

indianapolis, IN, 46222

K-12Public

Impact Academy 3

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
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Internet available near 406 Parkway Ave

Neighborhood

Near Southside | Indianapolis, IN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Indianapolis near 406 Parkway Ave

Walking

6/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

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 406 Parkway Ave, Indianapolis

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Variety of shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

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