5+ Days Ago
Highlights
Pet Friendly
Location
4905 Norwaldo Ave, Indianapolis, IN 46205, USA|Fairgrounds
Tour 4905 Norwaldo Ave
Contact
Polaris Real Estate Group, Inc.
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Property Overview
4905 Norwaldo Ave presents a range of appealing attributes, including spacious living areas and a well-maintained yard. Great for those who appreciate a blend of comfort and convenience, the location offers access to nearby amenities and parks, enhancing the overall lifestyle experience. Notable features include modern appliances and updates that add value and functionality to daily living.
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
Elementary school nearby- Middle school nearby
- More space
Great for
Pet owners
Amenities for 4905 Norwaldo Ave, Fairgrounds
Building
| Cats OK | Dogs OK |
Grounds
| Garage Parking | Outdoor Space |
| Storage |
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
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 4905 Norwaldo Ave
This cute 2-bed 1-bath bungalow is your next 1500 square feet to call home! Featuring a complete kitchen with a peninsula bar, stainless-steel appliances, and ample cabinetry. Enjoy cool mornings on the covered front porch or pursue leisure interests in the finished basement. Take the paved sidewalk through the backyard to your detached two-car garage, perfect for vehicles or extra storage space alike. Spare basement items not included. Showing requests must be made at least 24 hours in advance of showing time. $195 Lease Preparation Charge. NOTE: If Lease start date is mid-late month, pro-rated first month's rent and following month's rent may be required.
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 4905 Norwaldo Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
- More space
- The 2-bedroom is 557 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Fairgrounds |
|---|---|
| Zip code | 46205 |
| Type | House for rent |
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Rent trends in Fairgrounds
2-bedroom apartments at 4905 Norwaldo Ave cost about 44% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Nov 8 2025.
Fairgrounds
Indianapolis
| Month | Median Rent |
|---|---|
| November 2023 | $1,295 |
| 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 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,279 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,150 |
| 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 | $1,113 |
| October 2025 | $1,158 |
| November 2025 | $1,187 |
Affordability calculator
Can I afford to live at 4905 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
$67,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this 2-bedrooms monthly rent price of $1,695.
For more information on rent affordability, visit our rent calculator.
Schools near 4905 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 4905 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 4905 Norwaldo Ave
Walking
6/10
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
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 4905 Norwaldo Ave, Indianapolis
Groceries
8/10
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
9/10
At least one elementary school within a 10-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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