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 FishersApartments for rent Downtown IndianapolisApartments for rent NoblesvilleApartments for rent Snacks - Guion CreekApartments for rent CambyApartments for rent PlainfieldApartments for rent Valley MillsApartments for rent AndersonApartments for rent Old NortheastApartments for rent WestfieldApartments for rent Chapel Hill - Ben DavisApartments Near Me
Houses for rent IndianapolisHouses for rent Near EastsideHouses for rent Downtown IndianapolisHouses for rent Martindale - BrightwoodHouses for rent CrawfordsvilleHouses for rent Meridian KesslerHouses for rent BloomingtonHouses for rent Near SoutheastHouses for rent FishersHouses for rent GreenwoodHouses for rent CarmelHouses for rent Elm HeightsHouses for rent MuncieHouses for rent Near Northwest - RiversideHouses for rent Southeast WarrenHouses 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
SPECIAL!!! Security deposit moves you in! No rent until the new year! 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 $1725 *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
- 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 2% less than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Jan 24 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,585 |
| January 2026 | $1,599 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,599 |
| March 2024 | $1,564 |
| 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 | $1,800 |
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
$69,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $69,000 annually to afford this 3-bedrooms monthly rent price of $1,725.
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 | |||||
|---|---|---|---|---|---|
| 3 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 | ||
| 7 years ago | $779 | 3 bed | 1.5 bath | ||
| 9 years ago | $750 | 3 bed | 1.5 bath | ||
| 11 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-
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
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
Explore the area around 538 Prospect St #1
City Dogs Grocery
1028 Virginia Ave
Ghotra Partners Inc
1402 S Meridian St
Grace Foods
2153 Barth Ave
Safeway
2176 Shelby St
Market Square Tap Room
320 E Market St
Nap or Nothing
872 Virginia Ave
Royal Retailers
1440 Prospect St
Sage Boutique
2130 S Garfield Dr
Colts Pro Shop
500 S Capitol Ave
Aeropostale
49 W Maryland St
Calvin Fletcher's Coffee Company
647 Virginia Ave
Bovaconti Coffee
1042 Virginia Ave
Nine Lives Cat Cafe
1315 Shelby St
Orange Julius
1024 Fletcher Ave
Amberson Coffee & Grocer
401 S College Ave
Red Lion Grog House
1043 Virginia Ave
Paradox Lounge
1059 Virginia Ave
Hotel Tango Whiskeys
702 Virginia Ave
The Vault Indy
1542 S East St
Wine Market & Table
1110 Shelby St
Elevate CBD Bakery-Fountain Square
1006 Virginia Ave
Bakesmart
125 W South St
Gallery Pastry Bar
110 S Pennsylvania St
Just Cookies
222 E Market St
Rise'n Roll Bakery-Downtown Indy
107 E New York St
Monument Circle
Sandorf Park
Garfield Park
Potter Play Field
Highland Park
Burger King
410 E Morris St
Bosphorus Istanbul Cafe
935 S East St
Mr Tequila's Cantina & Grill
931 S East St
Indy All Night
1324 S East St
Hungry Meeple Cafe LLC
874 Virginia Ave
East St / Prospect St
Raymond Street
East St / Morris St
Raymond Street
East St / Orange St
Raymond Street
East St / Orange St
Raymond Street
East St / McCarty Ct
Raymond Street
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–$2,000
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Industry Indianapolis
Our team has verified this companyDowntown Indianapolis • 421 N Pennsylvania St
2 Beds
N/A
- dogs and cats ok
- fitness center
- air conditioning
Country Lake Townhomes
Our team has verified this company2910 White Knight Blvd
2–3 Beds
$1,375–$1,650
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Waterfront Terrace
Our team has verified this companyEagledale • 3510 Kebil Dr
2–3 Beds
$1,175–$1,399
- dogs and cats ok
- fitness center
- air conditioning
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
2 Beds
$1,725–$1,793
- dogs and cats ok
- fitness center
- air conditioning
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
2 Beds
$1,799–$2,000
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Industry Indianapolis
Our team has verified this companyDowntown Indianapolis • 421 N Pennsylvania St
2 Beds
N/A
- dogs and cats ok
- fitness center
- air conditioning
Country Lake Townhomes
Our team has verified this company2910 White Knight Blvd
2–3 Beds
$1,375–$1,650
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Waterfront Terrace
Our team has verified this companyEagledale • 3510 Kebil Dr
2–3 Beds
$1,175–$1,399
- dogs and cats ok
- fitness center
- air conditioning
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
2 Beds
$1,725–$1,793
- dogs and cats ok
- fitness center
- air conditioning
Check availability
Advertisement