5+ Days Ago
Highlights
- Onsite laundry
- Stainless steel appliances
- Snow removal
- Storage shed
Location
538 Prospect St #1, Indianapolis, IN 46203, USA|Near Southside
Tour 538 Prospect St #1
Contact
Alwood Property Group
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent MuncieApartments for rent BloomingtonApartments for rent GreenwoodApartments for rent Valley MillsApartments for rent FishersApartments for rent NoblesvilleApartments for rent Snacks - Guion CreekApartments for rent Downtown IndianapolisApartments for rent Chapel Hill - Ben DavisApartments for rent Old NortheastApartments for rent BrownsburgApartments for rent PlainfieldApartments for rent McCordsvilleApartments for rent CambyApartments Near Me
Houses for rent IndianapolisHouses for rent Martindale - BrightwoodHouses for rent Downtown IndianapolisHouses for rent LebanonHouses for rent Near EastsideHouses for rent CrawfordsvilleHouses for rent MuncieHouses for rent BloomingtonHouses for rent FishersHouses for rent Elm HeightsHouses for rent Near SoutheastHouses for rent CarmelHouses for rent GreenwoodHouses for rent Near SouthsideHouses for rent Near Northwest - RiversideHouses for rent near me
Amenities for 538 Prospect St #1, Near Southside
Apartment Amenities
| Air Conditioning | Carpet |
| Ceiling Fan | Central Heat |
| Dryer | Heating |
| Kitchen Island | Private Patio |
| Vinyl Floors | Washer |
Appliances
| In-Unit Laundry | Microwave |
| Range | Refrigerator |
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
Advertisement
About 538 Prospect St #1
Welcome home to this spacious 3 bedroom, 1.5 bathroom home in popular Bates-Hendricks. The updated kitchen includes an island with barstool seating as well as stainless steel appliances. There are two living spaces and laundry onsite. The home has a deck in the back, a long driveway that can accommodate 3-4 cars and a storage shed for your convenience. *Security deposit of $1650 *Tenants responsible for all utilities, lawn care, and snow removal *Application fee of $35 per applicant *Pets considered on case by case basis, additional fees 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 538 Prospect Street, Indianapolis, IN 46203, USA compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 344 sqft larger than other listings nearby
- Central heat
- This address offers a climate controlled environment
- 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
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Near Southside |
|---|---|
| Zip code | 46203 |
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Near Southside
3-bedroom apartments at 538 Prospect St #1 cost about 1% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Mar 7 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,592 |
| 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 |
| December 2025 | $1,585 |
| January 2026 | $1,598 |
| February 2026 | $1,599 |
| March 2026 | $1,600 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,538 |
| April 2024 | $1,555 |
| May 2024 | $1,530 |
| June 2024 | $1,644 |
| July 2024 | $1,668 |
| August 2024 | $1,615 |
| September 2024 | $1,545 |
| October 2024 | $1,529 |
| November 2024 | $1,485 |
| December 2024 | $1,529 |
| January 2025 | $1,637 |
| February 2025 | $1,687 |
| March 2025 | $1,833 |
| April 2025 | $1,528 |
| May 2025 | $1,458 |
| June 2025 | $1,543 |
| July 2025 | $1,557 |
| August 2025 | $1,531 |
| September 2025 | $1,531 |
| October 2025 | $1,586 |
| November 2025 | $1,603 |
| December 2025 | $1,712 |
| January 2026 | $1,788 |
| February 2026 | $1,713 |
| March 2026 | $1,675 |
Affordability calculator
Can I afford to live at 538 Prospect St #1?
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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 3-bedrooms monthly rent price of $1,650.
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 | |||||
|---|---|---|---|---|---|
| 5 months ago | $1,725 | 3 bed | 1.5 bath | ||
| 3 years ago | $1,600 | 3 bed | 1.5 bath | ||
| 3 years ago | $1,650 | 3 bed | 1.5 bath | ||
| 8 years ago | $779 | 3 bed | 1.5 bath | ||
| 9 years ago | $750 | 3 bed | 1.5 bath | ||
| 12 years ago | $785 | 4 bed | 2 bath |
Schools near 538 Prospect St #1
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Advertisement
Internet available near 538 Prospect St #1
Getting around Indianapolis near 538 Prospect St #1
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
5/10
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 538 Prospect St #1, Indianapolis
Groceries
6/10
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
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Other units at this address
538 Prospect Street, Indianapolis, IN
538 Prospect Street Indianapolis, IN
Occupied
3 Beds, 1.5 Baths
3 Beds
1.5 Baths
$779
On-Site Laundry
Occupied
4 Beds, 2 Baths
4 Beds
2 Baths
$785
Â
Compare similar properties nearby
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
2 Beds
$1,799–$2,100
- dogs and cats ok
- air conditioning
- fitness center
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
2–3 Beds
$1,115–$1,578
- dogs and cats ok
- air conditioning
- fitness center
- dogs and cats ok
- air conditioning
- fitness center
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
2 Beds
$1,101–$1,289
- dogs and cats ok
- air conditioning
- fitness center
Industry Indianapolis
Our team has verified this companyDowntown Indianapolis • 421 N Pennsylvania St
2 Beds
N/A
- dogs and cats ok
- air conditioning
- fitness center
Lake Castleton Apartments
Our team has verified this companyI69-Fall Creek • 7601 Carlton Arms Dr
2 Beds
$1,194–$1,542
- dogs and cats ok
- air conditioning
- fitness center
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
2 Beds
$1,793–$1,995
- dogs and cats ok
- air conditioning
- fitness center
- dogs and cats ok
- air conditioning
- fitness center
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
2 Beds
$1,799–$2,100
- dogs and cats ok
- air conditioning
- fitness center
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
2–3 Beds
$1,115–$1,578
- dogs and cats ok
- air conditioning
- fitness center
- dogs and cats ok
- air conditioning
- fitness center
The Legend at Speedway
Our team has verified this companySpeedway • 2202 Fair Oaks Dr
2 Beds
$1,101–$1,289
- dogs and cats ok
- air conditioning
- fitness center
Industry Indianapolis
Our team has verified this companyDowntown Indianapolis • 421 N Pennsylvania St
2 Beds
N/A
- dogs and cats ok
- air conditioning
- fitness center
Lake Castleton Apartments
Our team has verified this companyI69-Fall Creek • 7601 Carlton Arms Dr
2 Beds
$1,194–$1,542
- dogs and cats ok
- air conditioning
- fitness center
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
2 Beds
$1,793–$1,995
- dogs and cats ok
- air conditioning
- fitness center
- dogs and cats ok
- air conditioning
- fitness center
Check availability
Advertisement