5+ Days Ago
Highlights
- High speed internet
- Bright, open layout
- Cozy space
- Urban vibe, modern lifestyle
Location
5005 Indianola Ave, Indianapolis, IN 46205, USA|Fairgrounds
Tour 5005 Indianola Ave
Contact
PMI Midwest
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Property management
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Property Overview
High-speed internet and a bright, open layout create a cozy space with an urban vibe, ideal for modern living. The property's convenient location enhances accessibility to local amenities, making it appealing for those seeking an active lifestyle. Notable features combine to offer comfort and connectivity for various interests and needs.
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
Middle school nearby- Images available
- Package service
Great for
Work-from-home
Amenities for 5005 Indianola Ave, Fairgrounds
Services
| On-Site Management | 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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5005 Indianola Ave
Urban vibe, solid comfort at 5005 Indianola Ave in Indianapolis. This 2-bed, 1-bath home offers 950 sq ft of cozy, well-used space—perfect for a modern, on-the-go lifestyle. Bright, open layout with plenty of natural light. The kitchen is clean and functional, ready for everyday meals or casual hosting, while the living area keeps things relaxed and versatile. Great curb appeal and located right where you want to be—close to dining, shopping, and entertainment. Whether you're starting out or simplifying, this spot keeps it easy, connected, and comfortable. At Pmi Midwest, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (rbp) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price of $1340.45 includes rent, pest control, air filter delivery, utility setup assistance, credit building and more at a rate of $41.45/month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. This home comes with high speed internet up to 1 Gig at an exclusive group rate of $65.00, and includes 24/7 premium support and setup to help get you connected at move-in. Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
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 5005 Indianola Avenue, Indianapolis, IN 46205, USA compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Images available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Pet restrictions
- Pets aren't allowed at this location.
Address details
| Neighborhood | Fairgrounds |
|---|---|
| Zip code | 46205 |
| Type | House for rent |
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Rent trends in Fairgrounds
2-bedroom apartments at 5005 Indianola Ave cost about 3% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Mar 28 2026.
Fairgrounds
Indianapolis
| Month | Median Rent |
|---|---|
| April 2024 | $1,306 |
| 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 |
|---|---|
| April 2024 | $1,065 |
| 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 | $1,194 |
| December 2025 | $1,218 |
| January 2026 | $1,196 |
| February 2026 | $1,196 |
| March 2026 | $1,236 |
Affordability calculator
Can I afford to live at 5005 Indianola 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
$51,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,960 annually to afford this 2-bedrooms monthly rent price of $1,299.
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.| Bath | |||||
|---|---|---|---|---|---|
| Last month | $1,299 | 2 bed | 1 bath | ||
| 2 years ago | $1,099 | 2 bed | 1 bath | ||
| 3 years ago | $1,149 | 2 bed | 1 bath | ||
| 8 years ago | $675 | 1 bed | 1 bath |
Schools near 5005 Indianola Ave
Ips/Butler Lab at Eliza Blaker 55
1349 e 54th st
indianapolis, IN, 46220
PK, K-8Public
C
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
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+
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Internet available near 5005 Indianola 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 5005 Indianola Ave
Walking
5/10
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 5005 Indianola Ave, Indianapolis
Groceries
6/10
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
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Other units at this address
5005 Indianola Avenue, Indianapolis, IN
5005 Indianola Avenue Indianapolis, IN
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$675
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