5+ Days Ago
Location
5121 Sweet River Way, Indianapolis, IN 46221, USA|Valley Mills
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Amenities for 5121 Sweet River Way, Valley Mills
Apartment Amenities
| Air Conditioning | Hardwood Floor |
Grounds
| Garage Parking | Outdoor Space |
Services
| On-Site Management |
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
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About 5121 Sweet River Way
Sweet deal!
This listing is 14% below the median price for 3 bedroom apartments in Valley Mills.
Your estimated total monthly payment $1,441.89 The total estimated monthly payment comprises the following: Mandatory Fees: Base Rent - $1,395 Smart Home Fee - $22.95 (smart front door lock and smart thermostat) Processing Fee - $13.95 (1% of base rent. This fee helps cover administration, overhead, and similar expenses and charges incurred by Evergreen Live) Utility Management - $9.99 (services for managing utility accounts) -Additionally, a one-time set-up fee of $30.00 is charged on your first month's bill. Optional Fees: Animal Fees - Approved animals incur a non-refundable pet fee of $250 - $350 per animal and a monthly pet rent of $30 - $35 per animal (subject to applicable law). Pet fees and pet rent do not apply to service or support animals. Please note that we have breed restrictions, including but not limited to Pit Bull Terriers, Doberman Pinschers, Rottweilers, Staffordshire Terriers, German Shepherds, Chows, Bull Mastiffs, Huskies, Alaskan Malamutes, Wolf Dog Hybrids, Great Danes, St. Bernards, Akitas, and Rhodesian Ridgebacks, as well as any mixed breeds containing these types. Other Fees: In addition to the total monthly payment, Tenant(s) are also responsible for additional costs including, but not limited to, utilities, optional services, conditional and other applicable charges. All fees are subject to change and will be outlined in the lease agreement. Tours: To ensure a secure process, please schedule tours and apply for our properties exclusively through the official Evergreen Live website: (https://evergreenlive.com) Property Description: Welcome to this charming home, spanning 1200 square feet, featuring three nice sized bedrooms and two baths. Inside, you'll find contemporary fixtures and sleek appliances that elevate the stylish kitchen. The cozy living space, while the vinyl hardwood floors provide a touch of elegance throughout. The backyard is perfect for outdoor gatherings and relaxation. Conveniently located near shopping and dining, this home offers the ideal blend of comfort, style, and convenience. Listing Disclosures: All leasing information is believed to be accurate; however, photos are representative only and may not reflect current appliances and/or features of the home. Square footage is estimated, and prices, specials and dates may change without notice and are not guaranteed until a lease agreement is executed. Application: An application fee of $50 per applicant for 18 and over is required, and the minimum lease term is one year (12 months). Completed applications are reviewed on a first-come, first-served basis, and the security deposit varies based upon TransUnion Resident Score credit criteria. You must have a verifiable source of income that is at least three times the monthly rent. After you submit your lease application, all adult applicants receive an invitation from **** with a link to guide you through your income verification. All applicants must complete the process within 48 hours of receiving an invite or your application may be delayed or not approved. Security Deposit: A cash security deposit range from one to one and a half months’ rent is due prior to moving-in. Cash security deposits are eligible for refund upon vacating the home, less deductions for damages, unpaid rent or other charges, in each case subject to applicable law. This home accepts Housing Choice Vouchers! Please ensure your Housing Voucher, RTA Packet, and Affordability Sheet (if applicable) is attach..
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 5121 Sweet River Way compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Valley Mills |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
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Rent trends in Valley Mills
3-bedroom apartments at 5121 Sweet River Way cost about 14% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Nov 29 2025.
Valley Mills
Indianapolis
| Month | Median Rent |
|---|---|
| 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 |
| October 2025 | $1,598 |
| November 2025 | $1,581 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,584 |
| January 2024 | $1,580 |
| February 2024 | $1,634 |
| March 2024 | $1,663 |
| April 2024 | $1,655 |
| May 2024 | $1,666 |
| June 2024 | $1,695 |
| July 2024 | $1,646 |
| August 2024 | $1,610 |
| September 2024 | $1,576 |
| October 2024 | $1,609 |
| November 2024 | $1,629 |
| December 2024 | $1,635 |
| January 2025 | $1,618 |
| February 2025 | $1,657 |
| March 2025 | $1,707 |
| April 2025 | $1,771 |
| May 2025 | $1,722 |
| June 2025 | $1,727 |
| July 2025 | $1,740 |
| August 2025 | $1,672 |
| September 2025 | $1,663 |
| October 2025 | $1,642 |
| November 2025 | $1,609 |
Affordability calculator
Can I afford to live at 5121 Sweet River Way?
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
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 3-bedrooms monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Schools near 5121 Sweet River Way
Lynwood Elementary School
4640 santa fe dr
indianapolis, IN, 46241
PK, K-6Public
Stephen Decatur Elementary School
3425 s foltz st
indianapolis, IN, 46221
K-6Public
C
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Internet available near 5121 Sweet River Way
Neighborhood
Valley Mills | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 5121 Sweet River Way
Walking
2/10
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 5121 Sweet River Way, Indianapolis
Groceries
0/10
Closest supermarket further than a 30-minute walk
Shopping
1/10
Few or no shops within walking distance
Cafes
0/10
Few or no cafés within walking distance
Restaurants
2/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-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
0/10
Few or no bars within walking distance
Explore the area around 5121 Sweet River Way
Walmart Neighborhood Market
4837 Kentucky Ave
Kroger
3361 Kentucky Ave
Troy Halal Market
2910 S Lynhurst Dr
HDMC Inc
3901 Farnsworth St
Kroger
1330 W Southport Rd
Ballast Clothing LLC
5825 Jackie Ln
Dunamis Clothing LLC
6624 Heron Neck Dr
Family Dollar
2910 S Lynhurst Dr
Family Dollar
2931 Kentucky Ave
Walmart Supercenter
8191 Upland Bnd
Starbucks
7800 Col H Weir Cook Mem Dr
Dunkin'
7015 S Kentucky Ave
Starbucks
7800 Colonel H Weir Cook Memorial Dr
Starbucks
1330 W Southport Rd
Square Donuts
6416 W Washington St
Big Dog Sports Bar & Saloon
2929 Kentucky Ave
The Library
2610 S Lynhurst Dr
317 Cafe
7800 Col H Weir Cook Mem Dr
Delta Sky Club
7800 Col H Weir Cook Mem Dr
Outer Marker Lounge
2501 S High School Rd
Walmart Bakery
4837 Kentucky Ave
BBS Cupcakes & Cakes
Field & Flour Market Cafe
7615 S Mooresville Rd
Kroger Bakery
3361 Kentucky Ave
Rolling in the Dough LLC
8135 Painted Pony Dr
Glenns Valley Nature Park
Stout Field Park
German Park
Perry Park
Ridenour Park
Dairy Queen Grill & Chill
5231 W Thompson Rd
Domino's
4430 Mann Rd
Subway
4887 Kentucky Ave
Burger King
4883 Kentucky Ave
Rally's Hamburgers
4905 Kentucky Ave
Kentucky Ave / High School Rd
Mars Hill
Kentucky Ave / High School Rd
Mars Hill
Gatwick Dr / Vedder Dr
Mars Hill
Lynhurst Dr / Kentucky Ave
Mars Hill
Lynhurst Dr / Kentucky Ave
Mars Hill
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