5+ Days Ago
Highlights
Pet Friendly
Location
5042 Melrose Ave, Indianapolis, IN 46241, USA|Park Fletcher
Tour 5042 Melrose Ave
Contact
HomeRiver Group Indiana
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Property Overview
Featuring a blend of spacious living areas and a well-maintained yard, 5042 Melrose Ave is appealing for those seeking comfort and outdoor space. The property is close to essential amenities and major transportation routes, enhancing convenience for daily activities. Additionally, notable features include modern updates and a functional layout, making it versatile for various living arrangements.
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
- Dishwasher
Great for
Pet owners
Work-from-home
Amenities for 5042 Melrose Ave, Park Fletcher
Apartment Amenities
| Forced Air | Hardwood Floor |
Appliances
| Dishwasher | Range/Oven |
| Refrigerator |
Building
| Carport | Cats OK |
| Dogs OK | Laundry Hookups |
| Onsite Laundry |
Grounds
| Outdoor Space | Storage |
Services
| Concierge Service | 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 |
|---|
Cat policy
| Allowed |
|---|
Contact for more information on pet policy.
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5042 Melrose Ave
Sweet deal!
This listing is 16% below the median price for 3 bedroom apartments in Park Fletcher.
*ESTIMATED TOTAL MONTHLY LEASING PRICE: $ 1,399.95 Actual Base Rent: $ 1,350.00 Filter Delivery: $5.00 Renters Insurance: $10.95 $1M Identify Protection, Credit Building, Resident Rewards, Move-In Concierge: $34.00 *The Estimated Total Monthly Leasing Price reflects the Base Rent plus our Resident Benefits Package, which includes required Renters Insurance, Move-In Concierge, $1M Identity Protection, Resident Rewards, Filter Delivery (where applicable), and Credit Building. Estimated Total Monthly Leasing Price does not include utilities or optional/conditional fees, such as: pet, utility service. To learn more about additional leasing fees and requirements, please contact HomeRiver Group at 614-412-0204. PROPERTY DESCRIPTION: This 3-bedroom, 1-bath home offers approximately 1,152 square feet of living space and features a spacious, well-designed floorplan. The interior boasts gleaming laminate flooring and plenty of natural light throughout. The kitchen is equipped with ample counter and cupboard space, two sinks, and included appliances, making it both functional and inviting. Each bedroom includes closet space for storage, and the home also features a dedicated laundry room with hookups. Located in a great area within a fantastic community, this home offers comfort, convenience, and charm. $0 DEPOSIT TERMS & CONDITIONS: HomeRiver Group has partnered with Termwise to offer an affordable alternative to an upfront cash security deposit. Eligible residents can choose between paying an upfront security deposit or replacing it with an affordable Termwise monthly security deposit waiver fee. For more information, ask your leasing agent or visit https www findigs com blog skip-the-deposit-with-termwise-a-new-way-to-secure-your-rental BEWARE OF SCAMS: HomeRiver Group does not advertise properties on, LetGo, or other classified ad websites. If you suspect one of our properties has been fraudulently listed on these platforms, please notify HomeRiver Group immediately. All payments related to leasing with HomeRiver Group are made exclusively through our website. We never accept wire transfers or payments via Zelle, PayPal, or Cash App. Lease your home safely through www Homeriver com or with the assistance of a licensed HomeRiver Group leasing agent. All leasing information contained herein is deemed accurate but not guaranteed. Please note that changes may have occurred since the photographs were taken. Square footage is estimated. https www asteroommls com pviewer?hideleadgen=1&autorotation=1&token=5-LdCELDg0_II8ZqlVQQSQ $75.00 app fee/adult, a $250.00 administrative fee due at move-in. Tenants are responsible for utilities and yard care. Pets accepted case by case basis. $300 non refundable pet fee per pet, $25 mo/pet rent and pet screening fees. Breed restrictions apply
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 5042 Melrose Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Middle school nearby
- There is a middle school 1 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
Address details
| Neighborhood | Park Fletcher |
|---|---|
| Zip code | 46241 |
| Type | House for rent |
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Rent trends in Park Fletcher
3-bedroom apartments at 5042 Melrose Ave cost about 16% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Sep 13 2025.
Park Fletcher
Indianapolis
| Month | Median Rent |
|---|---|
| September 2023 | $1,575 |
| October 2023 | $1,546 |
| November 2023 | $1,527 |
| December 2023 | $1,500 |
| January 2024 | $1,522 |
| February 2024 | $1,547 |
| March 2024 | $1,578 |
| April 2024 | $1,598 |
| May 2024 | $1,619 |
| June 2024 | $1,628 |
| July 2024 | $1,637 |
| August 2024 | $1,618 |
| September 2024 | $1,598 |
| October 2024 | $1,611 |
| November 2024 | $1,595 |
| December 2024 | $1,586 |
| January 2025 | $1,596 |
| February 2025 | $1,605 |
| March 2025 | $1,655 |
| April 2025 | $1,680 |
| May 2025 | $1,697 |
| June 2025 | $1,695 |
| July 2025 | $1,652 |
| August 2025 | $1,609 |
| September 2025 | $1,599 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,599 |
Affordability calculator
Can I afford to live at 5042 Melrose Ave?
Bedrooms
3 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
$54,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $54,000 annually to afford this 3-bedrooms monthly rent price of $1,350.
For more information on rent affordability, visit our rent calculator.
Schools near 5042 Melrose Ave
Maplewood Elementary School
1643 dunlap ave
indianapolis, IN, 46241
PK, K-6Public
C+
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Internet available near 5042 Melrose Ave
Neighborhood
Park Fletcher | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 5042 Melrose Ave
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
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
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5042 Melrose Ave, Indianapolis
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Parks
4/10
Limited amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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