5+ Days Ago
Highlights
Pet Friendly
Location
5540 North College Avenue, Indianapolis, Indiana 46220, United States|Meridian Kessler
Tour 5540 North College Avenue
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Property Overview
This property features 12 photos, enhancing visibility for potential renters. Valued in the 80.77 percentile for price per square foot within the area, it represents a competitive option for buyers. Additionally, its pet-friendly attributes, supported by nearby pet supply stores and grooming services, make it an appealing choice for pet owners.
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
More space- Images Available
Great for
Pet owners
Amenities for 5540 North College Avenue, Meridian Kessler
Apartment Amenities
| Furnished | Heating - Forced Air |
| Washer/Dryer Hookups |
Appliances
| In-Unit Laundry | Microwave |
| Oven | Refrigerator |
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
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
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About 5540 North College Avenue
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Houses in IndianapolisMeridian Kessler 5540 North College Avenue, Indianapolis, Indiana 46220, United States
Houses in IndianapolisMeridian Kessler 5540 North College Avenue, Indianapolis, Indiana 46220, United StatesWhat's special
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 5540 North College Avenue compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 256 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | Meridian Kessler |
|---|---|
| Zip code | 46220 |
| Type | House for rent |
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Rent trends in Meridian Kessler
2-bedroom apartments at 5540 North College Avenue cost about 24% more than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Nov 29 2025.
Meridian Kessler
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,279 |
| January 2024 | $1,249 |
| February 2024 | $1,234 |
| March 2024 | $1,311 |
| April 2024 | $1,305 |
| May 2024 | $1,349 |
| June 2024 | $1,338 |
| July 2024 | $1,380 |
| August 2024 | $1,377 |
| September 2024 | $1,384 |
| October 2024 | $1,394 |
| November 2024 | $1,392 |
| December 2024 | $1,378 |
| January 2025 | $1,389 |
| February 2025 | $1,389 |
| March 2025 | $1,333 |
| April 2025 | $1,312 |
| May 2025 | $1,322 |
| June 2025 | $1,312 |
| July 2025 | $1,298 |
| August 2025 | $1,290 |
| September 2025 | $1,266 |
| October 2025 | $1,275 |
| November 2025 | $1,275 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,397 |
| January 2024 | $1,350 |
| February 2024 | $1,295 |
| March 2024 | $1,228 |
| April 2024 | $1,298 |
| May 2024 | $1,295 |
| June 2024 | $1,221 |
| July 2024 | $1,648 |
| August 2024 | $1,900 |
| September 2024 | $1,862 |
| October 2024 | $1,773 |
| November 2024 | $1,523 |
| December 2024 | $1,677 |
| January 2025 | $1,678 |
| February 2025 | $1,460 |
| March 2025 | $1,755 |
| April 2025 | $1,721 |
| May 2025 | $1,717 |
| June 2025 | $1,333 |
| July 2025 | $1,431 |
| August 2025 | $1,411 |
| September 2025 | $1,452 |
| October 2025 | $1,740 |
| November 2025 | $1,513 |
Affordability calculator
Can I afford to live at 5540 North College Avenue?
Bedrooms
2 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
$72,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this 2-bedrooms monthly rent price of $1,800.
For more information on rent affordability, visit our rent calculator.
Schools near 5540 North College Avenue
Ips/Butler Lab at Eliza Blaker 55
1349 e 54th st
indianapolis, IN, 46220
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
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
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Internet available near 5540 North College Avenue
Getting around Indianapolis near 5540 North College Avenue
Walking
6/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 5540 North College Avenue, Indianapolis
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 5540 North College Avenue
The Fresh Market
5415 N College Ave
Nicole-Taylor's Pasta & Market
1134 E 54th St
Safeway Foods
5602 N Illinois St
Buckingham Construction
6010 Carvel Ave
Fresh Thyme Market
6301 N College Ave
Heritage Clothier & Home
1134 E 54th St
Be the Boutique
5607 N Illinois St
Lunch Money Boutique
5617 N Illinois St
J.McLaughlin
5611 N Illinois St
Secret Ingredient
5631 N Illinois St
Aroma Cafe
5402 N College Ave
Prufrock Coffee
5168 N College Ave
Hubbard
1114 E 52nd St
Suncoast Coffee
1114 E 52nd St
Starbucks
5601 N Illinois St
Half Liter Beer & BBQ Hall
5301 Winthrop Ave
Aristocrat Pub & Restaurant
5212 N College Ave
Red Key Tavern
5170 N College Ave
Broad Ripple Tavern LLC
6223 Carrollton Ave
HopCat
6280 N College Ave
Filigree Bakery, LLC
5420 N New Jersey St
Breadworks
1050 E 54th St
Black Cat Bakery
5301 Winthrop Ave
The Flying Cupcake
1134 E 54th St
Sucre Baking Company
5261 N Pennsylvania St
Canterbury Park
61st and Broadway Park
Arsenal Park
Holliday Park
Opti Park
Fat Dan's Deli
5410 N College Ave
Sam's Gyros
5404 N College Ave
Twenty Tap
5406 N College Ave
Yats
5363 N College Ave
Good Morning Mama's
1001 E 54th St
54th Station NB
Red Line
54th Station SB
Red Line
52nd St / College Ave
Castleton
52nd St / College Ave
Castleton
52nd St / Winthrop Ave
Castleton
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