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modified
Updated 5+ Days Ago

Highlights

  • Modern finishes
  • Extra storage
  • Spacious layout
  • Pet-friendly
  • Laundry
  • Fenced yard

Location

54 S 5th Ave, Beech Grove, IN 46107, USA|Park Meadow

Property Overview

Modern finishes, a spacious layout, extra storage, in-home laundry, and a fenced yard combine with pet-friendly policies to create a comfortable living setup. Nearby access to a well-rated elementary school and 25 listing photos help provide clarity and confidence for prospective renters. High-speed internet, utilities included in the rent, a quiet environment, and proximity to an office supply store within a mile make it especially convenient for those who work from home.

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

  • Dishwasher
  • Extra storage
  • Images Available

Great for

  • Work-from-home

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423 East Michigan Street

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Downtown Indianapolis • 423 E Michigan St

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Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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520 East Washington Street

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Downtown Indianapolis • 520 E Washington St

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Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Overlook at Valley Ridge Apartments

Our team has verified this company

I65-South Emerson • 6810 Valley Ridge Dr

1 Bed

$1,099–$2,533

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
featured image of 333 N Pennsylvania St

Downtown Indianapolis • 333 N Pennsylvania St

1 Bed

$1,099–$2,080

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 115 N Pennsylvania St

Downtown Indianapolis • 115 N Pennsylvania St

1 Bed

$1,199–$2,310

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 230 E 9th St #401

Downtown Indianapolis • 230 E 9th St #401

1 Bed

$1,500

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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The Jacob

Our team has verified this company

Southport • 2110 E Southport Rd

1 Bed

$1,513–$1,589

Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.
featured image of 530 E Ohio St

Maxwell Apartments

Our team has verified this company

Downtown Indianapolis • 530 E Ohio St

1 Bed

$1,481–$1,646

Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.
featured image of 423 E Michigan St

423 East Michigan Street

Our team has verified this company

Downtown Indianapolis • 423 E Michigan St

1 Bed

$1,841

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 520 E Washington St

520 East Washington Street

Our team has verified this company

Downtown Indianapolis • 520 E Washington St

1 Bed

$1,553

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Rent trends in Park Meadow

1-bedroom apartments at 54 S 5th Ave cost about 106% more than the average rent price for 1-bedroom apartments in Beech Grove.

Median rents as of Oct 10 2026.
Park Meadow
Beech Grove
A table of 1-bedroom apartment rental data trends in Beech Grove
MonthMedian Rent
November 2024$837
December 2024$944
January 2025$995
February 2025$1,016
March 2025$1,039
April 2025$1,007
May 2025$967
June 2025$975
August 2025$878
September 2025$908
October 2025$917
November 2025$972
December 2025$1,138
January 2026$1,138
February 2026$1,239
March 2026$1,032
April 2026$949
May 2026$930
June 2026$900
July 2026$862
August 2026$864
September 2026$904
October 2026$850
A table of 1-bedroom apartment rental data trends in Park Meadow
MonthMedian Rent
December 2025$1,375
January 2026$1,375
February 2026$1,375
March 2026$1,185
April 2026$1,137
May 2026$900
June 2026$850
July 2026$850

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 54 S 5th Ave, Beech Grove, IN.
7 months ago$1,750

Schools near 54 S 5th Ave

Central Elementary School

1000 main st

beech grove, IN, 46107

2-3Public
C+

Hornet Park Elementary School

5249 hornet ave

beech grove, IN, 46107

PK, K-1Public
B+

South Grove Intermediate School

851 s 9th ave

beech grove, IN, 46107

4-6Public
C+

Rise Learning Center

5391 s shelby st

indianapolis, IN, 46227

PK, K-12Public

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic
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Neighborhood

Park Meadow | Beech Grove, IN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Beech Grove near 54 S 5th Ave

Walking

4/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 54 S 5th Ave, Beech Grove

Groceries

5/10
Variety of groceries within a short drive

Shopping

6/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

6/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

7/10
Wide variety of bars within a short drive, including some within walking distance

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