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5168 Caroline Ave, Indianapolis, IN 46205, USA|Fairgrounds
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Property Overview
Located in a desirable Indianapolis neighborhood, the home offers appealing curb appeal, convenient access to local amenities, and a layout that supports both everyday living and entertaining. Notable interior and exterior features provide functional comfort, while the overall setting and design make it a strong option for buyers seeking a well-rounded residence with attractive value and livability.
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- Elementary school nearby
- Images Available
Great for
Work-from-home
Amenities for 5168 Caroline Ave, Fairgrounds
Features
| Balcony | Driveway |
| Forced Air | Hardwood Floor |
| Laminate |
Appliances
| Dishwasher | Garbage Disposal |
| Microwave | Refrigerator |
Tech
| Internet |
Community
| EV Charging |
Grounds
| Fenced Yard | Lawn |
| Outdoor Space |
Neighborhood
| Near Parks |
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
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5168 Caroline Ave
Property Id: 2568491 Welcome to your dream home in Indianapolis! This beautiful single-family property features 3 bedrooms, 1 bathroom, and top-notch amenities including a dishwasher, microwave, and central air. Enjoy the convenience of a fenced yard, patio, and driveway. Rent includes garbage and internet. Don't miss out on this gem!
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 5168 Caroline Ave compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.1 mile away
- 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
3-bedroom apartments at 5168 Caroline Ave cost about 27% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of May 23 2026.
Fairgrounds
Indianapolis
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,585 |
| January 2026 | $1,598 |
| February 2026 | $1,599 |
| March 2026 | $1,599 |
| April 2026 | $1,600 |
| May 2026 | $1,631 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,394 |
| July 2024 | $1,346 |
| August 2024 | $1,418 |
| September 2024 | $1,349 |
| October 2024 | $1,249 |
| November 2024 | $1,358 |
| 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 | $1,384 |
Affordability calculator
Can I afford to live at 5168 Caroline 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
$76,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 3-bedrooms monthly rent price of $1,900.
For more information on rent affordability, visit our rent calculator.
Schools near 5168 Caroline 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+
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Internet available near 5168 Caroline Ave
Neighborhood
Fairgrounds | Indianapolis, IN
Getting around Indianapolis near 5168 Caroline 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.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 5168 Caroline Ave, Indianapolis
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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