3 Days Ago
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4838 Encore Dr #ED3803, Indianapolis, IN 46237, USA|I65-South Emerson
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About 4838 Encore Dr
LAKE Single story apartment complex
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 4838 Encore Dr compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- More space
- The 2-bedroom is 270 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | I65-South Emerson |
|---|---|
| Zip code | 46237 |
| Type | Apartment for rent |
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Rent trends in I65-South Emerson
2-bedroom apartments at 4838 Encore Dr cost about 5% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Jan 31 2026.
I65-South Emerson
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| December 2025 | $1,256 |
| January 2026 | $1,245 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,166 |
| March 2024 | $1,248 |
| April 2024 | $1,316 |
| May 2024 | $1,359 |
| June 2024 | $1,352 |
| July 2024 | $1,308 |
| August 2024 | $1,281 |
| September 2024 | $1,287 |
| October 2024 | $1,181 |
| November 2024 | $1,193 |
| December 2024 | $1,157 |
| January 2025 | $1,358 |
| February 2025 | $1,322 |
| March 2025 | $1,256 |
| April 2025 | $1,323 |
| May 2025 | $1,268 |
| June 2025 | $1,281 |
| July 2025 | $1,251 |
| August 2025 | $1,278 |
| September 2025 | $1,236 |
| October 2025 | $1,243 |
| November 2025 | $1,261 |
| December 2025 | $1,253 |
| January 2026 | $1,247 |
Affordability calculator
Can I afford to live at 4838 Encore Dr #ED3803?
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
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Schools near 4838 Encore Dr
Arlington Elementary School
5814 s arlington ave
indianapolis, IN, 46237
K-3Public
B+
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Internet available near 4838 Encore Dr
Neighborhood
I65-South Emerson | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 4838 Encore Dr #ED3803
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 4838 Encore Dr #ED3803, Indianapolis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
2/10
At least one elementary school within a 30-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
3/10
Limited amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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