5+ Days Ago
Highlights
Pet Friendly
Location
518 South State Avenue, Indianapolis, Indiana 46203, United States
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Property Overview
518 S State Ave offers a prime location with easy access to local amenities and transportation, enhancing convenience for residents. It's great for those looking for a vibrant urban lifestyle, with nearby restaurants and entertainment options. Notable features include spacious living areas and modern finishes, making it an appealing choice for anyone seeking comfort and style in Indianapolis.
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- Less expensive
- Middle school nearby
Great for
Pet owners
Amenities for 518 South State Avenue
Apartment Amenities
| Air Conditioning | Forced Air |
Appliances
| Refrigerator | Stove |
Building
| Business Center | Cats OK |
| Dogs OK |
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
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 518 South State Avenue
Fountain Square 2 Bed 1 Bath Stove and Fridge Tenants are responsible for all utilities. Pets welcome with a one-time pet fee of $250 per pet, 2 pet max. **To view the property, click the "Contact Agent" button to submit an inquiry, or call the office. Our leasing agents will contact you the same or next business day to schedule a showing.
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 518 S State Ave, Indianapolis, IN 46203, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.0 mile away
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
- Images available
- There are at least 10 photos of this address
Address details
| Zip code | 46203 |
|---|---|
| Type | House for rent |
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Rent trends in Indianapolis
2-bedroom apartments at 518 South State Avenue cost about 34% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Dec 6 2025.
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,271 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| April 2024 | $1,305 |
| 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 | $1,259 |
Affordability calculator
Can I afford to live at 518 South State Avenue?
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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 2-bedrooms monthly rent price of $825.
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 | |||||
|---|---|---|---|---|---|
| 8 years ago | $500 | 1 bed | 1 bath | ||
| 8 years ago | $300 | 2 bed | 1 bath |
Schools near 518 South State Avenue
William McKinley School No. 39
1733 spann ave
indianapolis, IN, 46203
PK, K-6Public
C+
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
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Internet available near 518 South State Avenue
Getting around Indianapolis near 518 South State Avenue
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 518 South State Avenue, Indianapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Other units at this address
518 S State Ave, Indianapolis, IN
518 S State Ave Indianapolis, IN
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$500
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