Updated 5 Hours Ago
Location
5110 Norwaldo Ave, Indianapolis, IN 46205, USA|Fairgrounds
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Amenities for 5110 Norwaldo Ave, Fairgrounds
Features
| 2 Floors | Central Air |
| Hardwood Floor | Walk-in Closet |
Appliances
| Dishwasher |
Community
| Laundry Room | Onsite Laundry |
Grounds
| Garage Parking | Outdoor Space |
| Storage |
Other
| Exterior Type: Aluminum Siding | Nine Rooms |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 5110 Norwaldo Ave
Property Status: Active Your own little urban homestead near Broad Ripple! This 3-bed, 2.5-bath home features hardwood floors, dining room with a bay window, and a spacious kitchen with a gas range, concrete countertops, and a pantry! The lower level adds extra living space and laundry, and ample storage is available throughout. Out back, the fully fenced private yard has a deck with a pergola and is ready for someone who enjoys gardening. Backyard chickens are welcome with owner approval. The 2-level garage has a storage loft and a workspace. Bikeable to Broad Ripple's shops and restaurants, with easy access to the Monon Trail. Available December. $2,500/month. Office Phone: (317) 672-5600 Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5110 Norwaldo Ave compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.4 miles away
- Elementary school nearby
- There is an elementary school 0.1 miles away
- Public transit nearby
- Only 1.0 miles from transit
- More space
- The 3-bedroom is 654 sqft larger than other listings nearby
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
Considerations
- Priced higher than average
- 3-bedrooms are $800 more than the median rent in this area
- Distance from grocery stores
- The nearest grocery store is 3.8 miles away
- Greater distance from high schools
- The nearest high school is farther than 1.5 miles away
Address details
| Neighborhood | Fairgrounds |
|---|---|
| Zip code | 46205 |
| Type | House for rent |
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Rent trends in Fairgrounds
3-bedroom apartments at 5110 Norwaldo Ave cost about 66% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Oct 31 2026.
Fairgrounds
Indianapolis
| Month | Median Rent |
|---|---|
| November 2024 | $1,593 |
| 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 |
| October 2025 | $1,598 |
| November 2025 | $1,581 |
| December 2025 | $1,585 |
| January 2026 | $1,598 |
| February 2026 | $1,599 |
| March 2026 | $1,599 |
| April 2026 | $1,600 |
| May 2026 | $1,635 |
| June 2026 | $1,647 |
| July 2026 | $1,647 |
| August 2026 | $1,620 |
| September 2026 | $1,618 |
| October 2026 | $1,647 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,431 |
| December 2024 | $1,245 |
| February 2025 | $1,300 |
| March 2025 | $1,312 |
| June 2025 | $1,775 |
| July 2025 | $1,689 |
| August 2025 | $1,521 |
| September 2025 | $1,396 |
| October 2025 | $1,408 |
| November 2025 | $1,343 |
| December 2025 | $1,303 |
| January 2026 | $1,301 |
| February 2026 | $1,272 |
| March 2026 | $1,259 |
| April 2026 | $1,254 |
| May 2026 | $1,413 |
| June 2026 | $1,499 |
| July 2026 | $1,574 |
| August 2026 | $1,560 |
| September 2026 | $1,512 |
| October 2026 | $1,458 |
Affordability calculator
Can I afford to live at 5110 Norwaldo 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
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 3-bedrooms monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.
Schools near 5110 Norwaldo Ave
Ips/Butler Lab at Eliza Blaker 55
1349 e 54th st
indianapolis, IN, 46220
PK, K-8Public
C
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
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+
Neighborhood
Fairgrounds | Indianapolis, IN
Getting around Indianapolis near 5110 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 5110 Norwaldo Ave, Indianapolis
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
6/10
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 5-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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