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Highlights
Pet Friendly
Location
4651 Norwaldo Ave, Indianapolis, IN 46205, USA|Fairgrounds
Tour 4651 Norwaldo Ave
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Amenities for 4651 Norwaldo Ave, Fairgrounds
Apartment Amenities
| Hardwood Floor |
Building
| Cats OK | Dogs OK |
Grounds
| Outdoor Space | Storage |
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
Dog policy
| Allowed | Â |
|---|
Cat policy
| Allowed | Â |
|---|
Contact for more information on pet policy.
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 4651 Norwaldo Ave
** Please sign up for the Waitlist via threaltyinc. com indianapolis-houses-for-rent to be notified when this home is available. Note: Applications are not accepted until the available date and the Rental Price is Subject to Change. ** Welcome to 4651 Norwaldo Avenue in Indianapolis! This cozy home offers 2 bedrooms and 1 bathroom with hardwood flooring and plenty of natural light. Enjoy a formal dining room and a kitchen with essential appliances. Relax on the deck in the charming backyard. Storage shed included. 18-month lease preferred. Note: In addition to the monthly rent, residents will pay $45 each month for a Resident Benefits Package. Details: www threaltyinc com rbp 3D TOUR https www zillow com view-3d-home ef6d356a-e418-43d5-a211-d326e29417cb ?utm_source=captureapp Zero Deposit option for qualified applicants. Details can be found here: https www threaltyinc com our-deposit-waiver-program
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 4651 Norwaldo Ave compares to other nearby properties.
Positives
- 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
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Neighborhood | Fairgrounds |
|---|---|
| Zip code | 46205 |
| Type | House for rent |
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Rent trends in Fairgrounds
2-bedroom apartments at 4651 Norwaldo Ave cost about 14% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Sep 27 2025.
Fairgrounds
Indianapolis
| Month | Median Rent |
|---|---|
| October 2023 | $1,299 |
| November 2023 | $1,292 |
| December 2023 | $1,285 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| 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 | $1,265 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,241 |
| November 2023 | $1,162 |
| December 2023 | $1,085 |
| January 2024 | $1,050 |
| February 2024 | $1,049 |
| March 2024 | $1,049 |
| April 2024 | $1,061 |
| May 2024 | $1,149 |
| June 2024 | $1,110 |
| July 2024 | $1,050 |
| August 2024 | $1,081 |
| September 2024 | $1,096 |
| October 2024 | $1,004 |
| November 2024 | $1,063 |
| December 2024 | $1,096 |
| January 2025 | $1,267 |
| February 2025 | $1,206 |
| March 2025 | $1,076 |
| April 2025 | $962 |
| May 2025 | $1,225 |
| June 2025 | $1,317 |
| July 2025 | $1,216 |
| August 2025 | $1,149 |
| September 2025 | $1,110 |
Affordability calculator
Can I afford to live at 4651 Norwaldo Ave?
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
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
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.| 2 years ago | $1,300 |
Schools near 4651 Norwaldo Ave
Ips/Butler Lab at Eliza Blaker 55
1349 e 54th st
indianapolis, IN, 46220
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 4651 Norwaldo Ave
Neighborhood
Fairgrounds | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 4651 Norwaldo Ave
Walking
6/10
Some shops and stores are within a few minutes.
Driving
6/10
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 4651 Norwaldo Ave, Indianapolis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
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
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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