16 Hours Ago
Highlights
Pet Friendly
Location
5531 Fair Ridge Pl, Indianapolis, IN 46221, USA|Valley Mills
Tour 5531 Fair Ridge Pl
Contact
Progress Residential
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Amenities for 5531 Fair Ridge Pl, Valley Mills
Tech
| Smart Home |
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 5531 Fair Ridge Pl
Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant. This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at rentprogress com smarthome Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve this home for a $500 non-refundable holding fee until it's ready for move-in. This fee must be paid within 24 hours of being pre-qualified and will be applied to your first month’s rent if you enter into a lease for this home. Interested in this home? You clearly have exceptional taste. This charming 3.0-bedroom, 2.5-bathroom home is not only pet-friendly, but also equipped with smart home features to make everyday life more convenient and connected. Homes like this don’t stay on the market for long—don’t miss your chance to make it yours. Apply today! The Homeowners Association (HOA) for this home has a separate application process that applicants will need to complete in addition to Progress Residential's application. This includes self-registering with the HOA, completing the HOA's approval process, and paying any fees required by the HOA. Some images have been virtually staged to help showcase the potential of spaces in the home. The furnishings shown are for illustrative purposes only and are not included in the home.
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 5531 Fair Ridge Pl, Indianapolis, IN 46221, USA compares to other nearby properties.
Positives
- Images available
- There are at least 10 photos of this address
- Walk-in closet
- Rentals here may include more closet space than average
Address details
| Neighborhood | Valley Mills |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
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Rent trends in Valley Mills
3-bedroom apartments at 5531 Fair Ridge Pl cost about 22% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Jan 10 2026.
Valley Mills
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 | $1,634 |
| March 2024 | $1,663 |
| April 2024 | $1,655 |
| May 2024 | $1,666 |
| June 2024 | $1,695 |
| July 2024 | $1,646 |
| August 2024 | $1,610 |
| September 2024 | $1,576 |
| October 2024 | $1,609 |
| November 2024 | $1,629 |
| December 2024 | $1,635 |
| January 2025 | $1,618 |
| February 2025 | $1,657 |
| March 2025 | $1,707 |
| April 2025 | $1,771 |
| May 2025 | $1,722 |
| June 2025 | $1,727 |
| July 2025 | $1,740 |
| August 2025 | $1,672 |
| September 2025 | $1,663 |
| October 2025 | $1,642 |
| November 2025 | $1,609 |
| December 2025 | $1,640 |
| January 2026 | $1,671 |
Affordability calculator
Can I afford to live at 5531 Fair Ridge Pl?
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
$81,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $81,200 annually to afford this 3-bedrooms monthly rent price of $2,030.
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 | |||||
|---|---|---|---|---|---|
| 1 year ago | $2,140 | 3 bed | 2.5 bath | ||
| 6 years ago | $1,479 | 4 bed | 2.5 bath | ||
| 7 years ago | $1,420 | 3 bed | 2.5 bath | ||
| 9 years ago | $1,350 | 3 bed | 2.5 bath | ||
| 11 years ago | $1,350 | 3 bed | 3.5 bath |
Schools near 5531 Fair Ridge Pl
Valley Mills Elementary School
5101 s high school rd
indianapolis, IN, 46221
K-6Public
C+
Lynwood Elementary School
4640 santa fe dr
indianapolis, IN, 46241
PK, K-6Public
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Internet available near 5531 Fair Ridge Pl
Neighborhood
Valley Mills | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 5531 Fair Ridge Pl
Walking
2/10
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.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5531 Fair Ridge Pl, Indianapolis
Groceries
1/10
No grocery stores within walking distance
Shopping
0/10
Few or no shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
3/10
Few or no restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
5/10
Limited amount of park space nearby
Nightlife
0/10
Few or no bars within walking distance
Explore the area around 5531 Fair Ridge Pl
Walmart Neighborhood Market
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Troy Halal Market
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Kroger
3361 Kentucky Ave
Walmart Supercenter
8191 Upland Bnd
HDMC Inc
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Ballast Clothing LLC
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Family Dollar
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Walmart Supercenter
8191 Upland Bnd
Family Dollar
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Dunamis Clothing LLC
6624 Heron Neck Dr
Dunkin'
7015 S Kentucky Ave
Starbucks
7800 Col H Weir Cook Mem Dr
Starbucks
7800 Colonel H Weir Cook Memorial Dr
Starbucks
8310 Windfall Ln
Jack's Donuts
8411 Windfall Ln
317 Cafe
7800 Col H Weir Cook Mem Dr
Delta Sky Club
7800 Col H Weir Cook Mem Dr
Outer Marker Lounge
2501 S High School Rd
The Library
2610 S Lynhurst Dr
Applebee's Grill + Bar
10680 Enterprise Dr
Walmart Bakery
4837 Kentucky Ave
Craftmark Bakery, LLC
5202 Exploration Dr
BBS Cupcakes & Cakes
Field & Flour Market Cafe
7615 S Mooresville Rd
Kroger Bakery
3361 Kentucky Ave
Stout Field Park
Glenns Valley Nature Park
Hamel Park
Swinford Park
Morita Mexican Kitchen
5051 Kentucky Ave
El Rodeo #20
7421 Heathrow Way
Side Wok Cafe
7421 Heathrow Way
Rally's Hamburgers
4905 Kentucky Ave
McDonald's
4906 Kentucky Ave
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Other units at this address
5531 Fair Ridge Pl, Indianapolis, IN
5531 Fair Ridge Pl Indianapolis, IN
Occupied
4 Beds, 2.5 Baths
4 Beds
2.5 Baths
$1,479
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