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Highlights
Pet Friendly
Location
5586 Sweet River Dr, Indianapolis, IN 46221, USA|Valley Mills
Tour 5586 Sweet River Dr
Contact
Progress Residential
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Amenities for 5586 Sweet River Dr, Valley Mills
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 5586 Sweet River Dr
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 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 4.0-bedroom, 2.0-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.
Address details
| Neighborhood | Valley Mills |
|---|---|
| Zip code | 46221 |
| Type | House for rent |
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Rent trends in Valley Mills
4-bedroom apartments at 5586 Sweet River Dr cost about 4% less than the average rent price for 4-bedroom apartments in Indianapolis.
Median rents as of Dec 27 2025.
Valley Mills
Indianapolis
| Month | Median Rent |
|---|---|
| January 2024 | $1,793 |
| February 2024 | $1,762 |
| March 2024 | $1,779 |
| April 2024 | $1,810 |
| May 2024 | $1,877 |
| June 2024 | $1,870 |
| July 2024 | $1,838 |
| August 2024 | $1,861 |
| September 2024 | $1,852 |
| October 2024 | $1,853 |
| November 2024 | $1,810 |
| December 2024 | $1,816 |
| January 2025 | $1,854 |
| February 2025 | $1,885 |
| March 2025 | $1,942 |
| April 2025 | $1,993 |
| May 2025 | $2,025 |
| June 2025 | $2,040 |
| July 2025 | $1,984 |
| August 2025 | $1,900 |
| September 2025 | $1,894 |
| October 2025 | $1,885 |
| November 2025 | $1,810 |
| December 2025 | $1,820 |
| Month | Median Rent |
|---|---|
| January 2024 | $1,833 |
| February 2024 | $1,785 |
| March 2024 | $1,785 |
| April 2024 | $1,776 |
| May 2024 | $1,777 |
| June 2024 | $1,749 |
| July 2024 | $1,755 |
| August 2024 | $1,894 |
| September 2024 | $1,837 |
| October 2024 | $1,844 |
| November 2024 | $1,871 |
| December 2024 | $1,746 |
| January 2025 | $1,865 |
| February 2025 | $1,889 |
| March 2025 | $1,921 |
| April 2025 | $1,914 |
| May 2025 | $1,911 |
| June 2025 | $1,902 |
| July 2025 | $1,898 |
| August 2025 | $1,739 |
| September 2025 | $1,826 |
| October 2025 | $1,943 |
| November 2025 | $1,889 |
| December 2025 | $1,822 |
Affordability calculator
Can I afford to live at 5586 Sweet River Dr?
Bedrooms
4+ 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
$69,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $69,800 annually to afford this 4-bedrooms monthly rent price of $1,745.
For more information on rent affordability, visit our rent calculator.
Schools near 5586 Sweet River Dr
Lynwood Elementary School
4640 santa fe dr
indianapolis, IN, 46241
PK, K-6Public
Stephen Decatur Elementary School
3425 s foltz st
indianapolis, IN, 46221
K-6Public
C
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Internet available near 5586 Sweet River Dr
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 5586 Sweet River Dr
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.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5586 Sweet River Dr, Indianapolis
Groceries
1/10
No grocery stores within walking distance
Shopping
1/10
Few or no shops within walking distance
Cafes
0/10
Few or no cafés within walking distance
Restaurants
3/10
Few or no restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
4/10
Limited amount of park space nearby
Nightlife
0/10
Few or no bars within walking distance
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