5+ Days Ago
Location
4631 Graceland Ave, Indianapolis, IN 46208, USA|Butler - Tarkington
Tour 4631 Graceland Ave
Contact
Indiana Property Management Group, LLC
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Property Overview
Renovated bathrooms add a fresh update, while 41 photos give a strong visual preview of the home. It also stands out for value per square foot compared with many nearby properties and offers outdoor spaces, plus nearby pet grooming and pet supply options that may appeal to pet owners.
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
More space- Images Available
- Outdoor space
Great for
Pet owners
Amenities for 4631 Graceland Ave, Butler - Tarkington
Features
| Carpet | Hardwood Floor |
| High Ceilings |
Community
| Dogs OK |
Grounds
| Garage Parking | Outdoor Space |
Services
| 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
Dog Policy
Allowed
Cat Policy
Not allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 4631 Graceland Ave
This 4 bedroom, 2 full bath home is located in the popular Butler-Tarkington neighborhood, and within walking distance to Butler University. RECENTLY UPDATED with fresh paint throughout, new carpet, and both bathrooms have been completely renovated! One bedroom is on the main floor with a full bath, and the other 3 bedrooms are on the 2nd floor with a 2nd full bath. The home has wonderful charm and includes hardwood floors, vaulted ceilings, exposed beams, a sunroom, 2 car attached garage, and a deck to enjoy the mature and fenced backyard. In addition to the monthly rent, Tenant will pay an additional $29 each month for a Resident Benefits Package (please visit https indianapmg com resident-benefit-package for more information). A dog will be considered with an approved pet application, an additional $400 refundable deposit (per pet) and additional $45/month (per pet). Breed restrictions apply. If Tenant has a pet that lives in a cage or tank - a pet application, Landlord approval, and a pet deposit/monthly fee will also be required. Please visit our website for more details and restrictions (https indianapmg com pet-policies), or contact our office with any questions. No smoking or vaping. Non-refundable $65 application fee for each occupant 18 years or older who will be living in the property. Applications completed at: https indianapmg com vacancies Move-In Date: applicant must allow up to 10 days from the date an application is approved to when they can move into the property. **The advertised rental rate is subject to change prior to application availability based on updated market data/conditions, owner direction, and property-specific factors. This property allows self guided viewing without an appointment. Contact for details.
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 4631 Graceland Ave compares to other nearby properties.
Positives
- More space
- The 4-bedroom is 419 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Butler - Tarkington |
|---|---|
| Zip code | 46208 |
| Type | House for rent |
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Rent trends in Butler - Tarkington
4-bedroom apartments at 4631 Graceland Ave cost about the same as the average rent price for 4-bedroom apartments in Indianapolis.
Median rents as of Jun 6 2026.
Butler - Tarkington
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,847 |
| July 2024 | $1,838 |
| August 2024 | $1,861 |
| 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 | $2,025 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,650 |
| October 2024 | $1,650 |
| May 2025 | $2,175 |
| November 2025 | $1,995 |
| December 2025 | $1,995 |
| January 2026 | $1,963 |
| February 2026 | $2,154 |
| March 2026 | $2,175 |
| April 2026 | $2,212 |
| May 2026 | $2,500 |
| June 2026 | $3,000 |
Affordability calculator
Can I afford to live at 4631 Graceland Ave?
Bedrooms
4+ 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
$120,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $120,000 annually to afford this 4-bedrooms monthly rent price of $3,000.
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.| 3 months ago | $2,100 |
Schools near 4631 Graceland Ave
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
James Whitcomb Riley School No. 43
150 w 40th st
indianapolis, IN, 46208
PK, K-8Public
C-
Family Development Services, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
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 4631 Graceland Ave
Neighborhood
Butler - Tarkington | Indianapolis, IN
Getting around Indianapolis near 4631 Graceland 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
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 4631 Graceland Ave, Indianapolis
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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