1 Day Ago
Location
538 Prospect Street #1, Indianapolis, Indiana 46203, United States|Near Southside
Tour 538 Prospect Street #1
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Alwood Property Group
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Amenities for 538 Prospect Street #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.
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About 538 Prospect Street #1
Home
Houses in IndianapolisNear Southside 538 Prospect Street #1, Indianapolis, Indiana 46203, United States
Houses in IndianapolisNear Southside 538 Prospect Street #1, Indianapolis, Indiana 46203, United StatesWelcome 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
- More space
- The 3-bedroom is 290 sqft larger than other listings nearby
- Extra Storage
- Upgraded in-unit features
- Images available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
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 |
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Rent trends in Near Southside
3-bedroom apartments at 538 Prospect Street #1 cost about 4% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Dec 6 2025.
Near Southside
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 |
| December 2025 | $1,555 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,700 |
| January 2024 | $1,675 |
| 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 | $1,663 |
Affordability calculator
Can I afford to live at 538 Prospect Street #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 | |||||
|---|---|---|---|---|---|
| 2 months ago | $1,725 | 3 bed | 1.5 bath | ||
| 2 years ago | $1,600 | 3 bed | 1.5 bath | ||
| 2 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 Street #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
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Internet available near 538 Prospect Street #1
Getting around Indianapolis near 538 Prospect Street #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 Street #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
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