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5+ Days Ago

Highlights

  • Pet Friendly

Location

5520 Armstrong Dr, Indianapolis, IN 46237, USA|I65-South Emerson

Available rentals nearby

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I65-South Emerson • 6810 Valley Ridge Dr

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$1,585–$5,459

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South Perry • 1834 Madison Village Dr

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$1,528–$1,578

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1947 Mare Ave, Indianapolis, IN, 46203

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Southeast Indianapolis • 1947 Mare Ave

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$1,725

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8544 Sweet Birch Dr, Indianapolis, IN, 46239

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8039 Bach Dr, Indianapolis, IN, 46239

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Five Points • 8039 Bach Dr

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$1,715

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416 Ada Ln, Beech Grove, IN, 46107

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416 Ada Ln

3 Beds

$1,650

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Near Southeast • 2541 Saint Peter St

3 Beds

$1,450

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University Heights • 2946 Carson Dr

3 Beds

$1,600

featured image of 6810 Valley Ridge Dr

Overlook at Valley Ridge Apartments

Our team has verified this company

I65-South Emerson • 6810 Valley Ridge Dr

3 Beds

$1,585–$5,459

featured image of 1834 Madison Village Dr

South and Madison

Our team has verified this company

South Perry • 1834 Madison Village Dr

3 Beds

$1,528–$1,578

featured image of 1947 Mare Ave

1947 Mare Ave, Indianapolis, IN, 46203

Our team has verified this company

Southeast Indianapolis • 1947 Mare Ave

3 Beds

$1,725

featured image of 8544 Sweet Birch Dr

8544 Sweet Birch Dr, Indianapolis, IN, 46239

Our team has verified this company

Five Points • 8544 Sweet Birch Dr

3 Beds

$1,700

featured image of 8039 Bach Dr

8039 Bach Dr, Indianapolis, IN, 46239

Our team has verified this company

Five Points • 8039 Bach Dr

3 Beds

$1,715

featured image of 416 Ada Ln

416 Ada Ln, Beech Grove, IN, 46107

Our team has verified this company

416 Ada Ln

3 Beds

$1,650

featured image of 2541 Saint Peter St

Near Southeast • 2541 Saint Peter St

3 Beds

$1,450

featured image of 2946 Carson Dr

University Heights • 2946 Carson Dr

3 Beds

$1,600

Rent trends in I65-South Emerson

3-bedroom apartments at 5520 Armstrong Dr cost about 7% less than the average rent price for 3-bedroom apartments in Indianapolis.

Median rents as of Jun 13 2026.
I65-South Emerson
Indianapolis
A table of 3-bedroom apartment rental data trends in Indianapolis
MonthMedian Rent
June 2024$1,635
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$1,599
April 2026$1,600
May 2026$1,635
June 2026$1,650
A table of 3-bedroom apartment rental data trends in I65-South Emerson
MonthMedian Rent
June 2024$1,685
July 2024$1,650
August 2024$1,617
September 2024$1,579
October 2024$1,554
November 2024$1,540
December 2024$1,566
January 2025$1,615
February 2025$1,678
March 2025$1,637
April 2025$1,692
May 2025$1,711
June 2025$1,584
July 2025$1,567
August 2025$1,561
September 2025$1,620
October 2025$1,563
November 2025$1,617
December 2025$1,637
January 2026$1,593
February 2026$1,582
March 2026$1,671
April 2026$1,570
May 2026$1,611
June 2026$1,622

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 5520 Armstrong Dr, Indianapolis, IN.
2 years ago$1,455

Schools near 5520 Armstrong Dr

Arlington Elementary School

5814 s arlington ave

indianapolis, IN, 46237

K-3Public
B+

Edgewood Intermediate School

7620 edgewood

indianapolis, IN, 46239

4-6Public
B+

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic

Lillie Idella Kitley Intermediate School

8735 indian creek rd

indianapolis, IN, 46259

4-6Public
A-

Wanamaker Early Learning Center

4150 bazil ave

indianapolis, IN, 46239

PKPublic
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Internet available near 5520 Armstrong Dr

Neighborhood

I65-South Emerson | Indianapolis, IN

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

Getting around Indianapolis near 5520 Armstrong Dr

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 5520 Armstrong Dr, Indianapolis

Groceries

5/10
At least one grocery store within a 30-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

3/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

2/10
No elementary schools within a 30-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

2/10
Minimal park space nearby

Nightlife

1/10
Few or no bars within walking distance

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