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5+ Days Ago
Location
5541 E 40th St, Indianapolis, IN 46226, USA|Devington
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 5541 E 40th St
Ask about our Valentine's Day Special!!! Move in by Feb 14th and pay only $200 for February rent Cute 2 Bed / 1 Bath Home for Rent on East Side. This recently remodeled home is over 700 Sq Ft and in Lawrence School district. Provided appliances include New Laminate Flooring, Stove/Oven, Refrigerator/Freezer, Dishwasher, Central Air Conditioning, and More! Close to I-70 at Emerson Ave and all the conveniences of 38th St. Apply Today!Real Property Management Indianapolis Metro Call today for a private showing: 317-484-8444 Ext 1 for Leasing Find more details, video walk through, and our other current listings at www.rpmindymetro.com This home does not accept section 8
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 5541 E 40th St compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 590 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 3 miles away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Devington |
|---|---|
| Zip code | 46226 |
| Type | Apartment for rent |
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Available rentals nearby
Rent trends in Devington
2-bedroom apartments at 5541 E 40th St cost about 34% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Dec 6 2025.
Devington
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,271 |
| 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 |
| December 2025 | $1,259 |
| Month | Median Rent |
|---|---|
| December 2023 | $820 |
| January 2024 | $828 |
| February 2024 | $943 |
| March 2024 | $986 |
| April 2024 | $1,000 |
| May 2024 | $1,007 |
| June 2024 | $930 |
| July 2024 | $896 |
| August 2024 | $889 |
| September 2024 | $921 |
| October 2024 | $881 |
| November 2024 | $853 |
| December 2024 | $818 |
| January 2025 | $867 |
| February 2025 | $925 |
| March 2025 | $955 |
| April 2025 | $998 |
| May 2025 | $1,000 |
| June 2025 | $1,000 |
| July 2025 | $998 |
| August 2025 | $976 |
| September 2025 | $964 |
| October 2025 | $989 |
| November 2025 | $970 |
| December 2025 | $979 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 11 years ago | $650 |
Schools near 5541 E 40th St
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
Floro Torrence School No. 83
5050 e 42nd st
indianapolis, IN, 46226
PK, K-6Public
C-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
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Internet available near 5541 E 40th St
Neighborhood
Devington | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Indianapolis near 5541 E 40th St
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 5541 E 40th St, Indianapolis
Groceries
1/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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