5+ Days Ago
Highlights
Pet Friendly
Location
5531 Fair Ridge Pl, Indianapolis, IN 46221, USA|Valley Mills
Tour 5531 Fair Ridge Pl
Contact
Progress Residential
Our team has verified this company
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent BloomingtonApartments for rent GreenwoodApartments for rent FishersApartments for rent Valley MillsApartments for rent Chapel Hill - Ben DavisApartments for rent Downtown IndianapolisApartments for rent NoblesvilleApartments for rent PlainfieldApartments for rent CambyApartments for rent AndersonApartments for rent BrownsburgApartments for rent AvonApartments for rent Snacks - Guion CreekApartments for rent Old NortheastApartments Near Me
Houses for rent IndianapolisHouses for rent Near EastsideHouses for rent Martindale - BrightwoodHouses for rent Downtown IndianapolisHouses for rent AndersonHouses for rent CumberlandHouses for rent CumberlandHouses for rent BloomingtonHouses for rent Near SoutheastHouses for rent FishersHouses for rent Elm HeightsHouses for rent CarmelHouses for rent CrawfordsvilleHouses for rent Near SouthsideHouses for rent GreenwoodHouses for rent near me
Property Overview
This property offers a pet-friendly environment, making it ideal for those with furry companions. It is well-located, providing easy access to nearby amenities and transportation options. Additionally, the property's spacious layout and modern features enhance both comfort and convenience for its residents.
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
High school nearby- More space
- Middle school nearby
Great for
Pet owners
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?
Advertisement
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 This home is priced to rent and won't be around for long. Apply now, while we make this home ready for you, or call to arrange a meeting with your local Progress Residential leasing specialist today. 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
- High school nearby
- There is a high school 0.4 mile away
- More space
- The 3-bedroom is 1174 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Valley Mills |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Valley Mills
3-bedroom apartments at 5531 Fair Ridge Pl cost about 18% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Feb 28 2026.
Valley Mills
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,593 |
| 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 | $1,598 |
| February 2026 | $1,599 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,678 |
| 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 | $1,697 |
| February 2026 | $1,710 |
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
Little Quakers Academy
401 elm dr
plainfield, IN, 46168
PKPublic
Achieve Virtual Elementary
47 beachway dr
indianapolis, IN, 46224
K-6Public
C+
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Advertisement
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
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
Compare similar properties nearby
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
2 Beds
$1,799–$2,100
- 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
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
3 Beds
$1,473–$1,578
- dogs and cats ok
- fitness center
- air conditioning
Meridian Court South
Our team has verified this companyLinden Wood • 7266 Lockwood Ln
2 Beds
$1,350–$1,440
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Spinnaker Court
Our team has verified this companyAspen Ridge • 3685 Saint Thomas Blvd
2 Beds
$1,245–$1,570
- 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–$2,100
- 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
South and Madison
Our team has verified this companySouth Perry • 1834 Madison Village Dr
3 Beds
$1,473–$1,578
- dogs and cats ok
- fitness center
- air conditioning
Meridian Court South
Our team has verified this companyLinden Wood • 7266 Lockwood Ln
2 Beds
$1,350–$1,440
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
- dogs and cats ok
- fitness center
- air conditioning
Spinnaker Court
Our team has verified this companyAspen Ridge • 3685 Saint Thomas Blvd
2 Beds
$1,245–$1,570
- dogs and cats ok
- fitness center
- air conditioning
Check availability
Advertisement