5+ Days Ago
Highlights
- Open layout
- Central air conditioning
- Modern convenience
- Fully fenced backyard
Location
440 Terrace Ave #440, Indianapolis, IN 46225, USA|Near Southside
Tour 440 Terrace Ave #440
Contact
Hanza Realty LLC
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Amenities for 440 Terrace Ave #440, Near Southside
Apartment Amenities
| Air Conditioning | Central Heat |
| Heating | Kitchen Island |
| Laundry Hook Up |
Appliances
| Dishwasher | Range |
| Refrigerator |
Building
| Controlled Access | Onsite Laundry |
Grounds
| Courtyard | Gate |
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 440 Terrace Ave #440
Welcome to 440 Terrace Ave in the heart of Bates-Hendricks, one of Indianapolis's most walkable and vibrant neighborhoods. This 2-bedroom, 1-bath home features an open layout that offers flexibility for a variety of room configurations and design styles, making it easy to tailor the space to your lifestyle. The kitchen includes a central island with a convenient breakfast bar, a dishwasher, and flows seamlessly into the living area perfect for everyday living. Enjoy the comfort of central air conditioning and the privacy of a fully fenced backyard, ideal for relaxing, pets, or outdoor gatherings. Located just steps from neighborhood coffee shops, gyms, and local favorites, this home combines modern convenience with an unbeatable location. Reach out to us to set up a showing today! All individuals 18 years and older must submit a separate application. The application fee is $40 per person and is non-refundable. All applicants are also required to complete a third-party pet screening. Pet owners will pay $30 per pet, while households without pets must still complete the screening at no charge. All pets must be approved and, if accepted, will require a $200 non-refundable pet fee per pet and $40/month pet rent per pet. A $5/month credit reporting fee will be added to the rent. This service helps build your credit by reporting on-time rent payments to major credit bureaus a valuable way to strengthen your financial profile while renting.
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 440 Terrace Ave #440 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Neighborhood | Near Southside |
|---|---|
| Zip code | 46225 |
| Type | House for rent |
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Rent trends in Near Southside
2-bedroom apartments at 440 Terrace Ave #440 cost about 21% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Mar 7 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,312 |
| 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 |
| December 2025 | $1,256 |
| January 2026 | $1,245 |
| February 2026 | $1,239 |
| March 2026 | $1,250 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,272 |
| April 2024 | $1,297 |
| May 2024 | $1,279 |
| June 2024 | $1,185 |
| July 2024 | $1,303 |
| August 2024 | $1,317 |
| September 2024 | $1,319 |
| October 2024 | $1,411 |
| November 2024 | $1,408 |
| December 2024 | $1,316 |
| January 2025 | $1,349 |
| February 2025 | $1,378 |
| March 2025 | $1,384 |
| April 2025 | $1,337 |
| May 2025 | $1,312 |
| June 2025 | $1,134 |
| July 2025 | $1,178 |
| August 2025 | $1,154 |
| September 2025 | $1,106 |
| October 2025 | $1,170 |
| November 2025 | $1,165 |
| December 2025 | $1,212 |
| January 2026 | $1,228 |
| February 2026 | $1,273 |
| March 2026 | $1,319 |
Affordability calculator
Can I afford to live at 440 Terrace Ave #440?
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
$64,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $64,000 annually to afford this 2-bedrooms monthly rent price of $1,600.
For more information on rent affordability, visit our rent calculator.
Schools near 440 Terrace Ave #440
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 440 Terrace Ave #440
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 440 Terrace Ave #440
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 440 Terrace Ave #440, Indianapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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