Updated 23 Hours Ago
Location
57 S 5th Ave, Beech Grove, IN 46107, USA|Park Meadow
Tour 57 S 5th Ave
Contact
Indiana Property Management Group, LLC
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Amenities for 57 S 5th Ave, Park Meadow
Community
| Dogs OK |
Services
| Package Service |
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
Not allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 57 S 5th Ave
Welcome home to this charming 3-bedroom, 2-bath residence offering 1,316 square feet of comfortable living space in the heart of Beech Grove. This inviting home features a functional floor plan with spacious living areas, abundant natural light, and plenty of room for everyday living and entertaining. Conveniently located just minutes from shopping, dining, parks, schools, and major highways, you'll enjoy easy access to downtown Indianapolis while still experiencing the charm of a quiet neighborhood. Don't miss the opportunity to make this wonderful Beech Grove your new home. 24 year lease only! In addition to the monthly rent, Tenant will pay an additional $29 each month for a Resident Benefits Package (please visit https indianapmg com resident-benefit-package for more information). A dog will be considered with an approved pet application, an additional $400 refundable deposit (per pet) and additional $40/month (per pet). Breed restrictions apply. If Tenant has a pet that lives in a cage or tank - a pet application, Landlord approval, and a pet deposit/monthly fee will also be required. Please visit our website for more details and restrictions (https indianapmg com pet-policies), or contact our office with any questions. No smoking or vaping. Non-refundable $65 application fee for each occupant 18 years or older who will be living in the property. Applications completed at: https indianapmg com vacancies Move-In Information: applicant must allow up to 10 days from the date an application is approved to when they can move into the property. FULL first month’s rent and security deposit are due at move-in. If tenant does not move in on the 1st day of the month, rent will be prorated in the 2nd month. **The advertised rental rate is subject to change prior to application availability based on updated market data/conditions, owner direction, and property-specific factors. Contact us to schedule a showing.
Address details
| Neighborhood | Park Meadow |
|---|---|
| Zip code | 46107 |
| Type | House for rent |
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Rent trends in Park Meadow
3-bedroom apartments at 57 S 5th Ave cost about 6% more than the average rent price for 3-bedroom apartments in Beech Grove.
Median rents as of Jul 25 2026.
Park Meadow
Beech Grove
| Month | Median Rent |
|---|---|
| August 2024 | $1,481 |
| September 2024 | $1,407 |
| October 2024 | $1,314 |
| November 2024 | $1,297 |
| December 2024 | $1,250 |
| January 2025 | $1,245 |
| February 2025 | $1,600 |
| March 2025 | $1,550 |
| April 2025 | $1,746 |
| May 2025 | $1,866 |
| June 2025 | $1,789 |
| July 2025 | $1,532 |
| August 2025 | $1,477 |
| September 2025 | $1,369 |
| October 2025 | $1,404 |
| November 2025 | $1,398 |
| December 2025 | $1,395 |
| January 2026 | $1,464 |
| February 2026 | $1,414 |
| March 2026 | $1,378 |
| April 2026 | $1,287 |
| May 2026 | $1,648 |
| June 2026 | $1,661 |
| July 2026 | $1,585 |
| Month | Median Rent |
|---|---|
| January 2025 | $1,195 |
| July 2026 | $1,410 |
Affordability calculator
Can I afford to live at 57 S 5th Ave?
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
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 3-bedrooms monthly rent price of $1,500.
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 | |||||
|---|---|---|---|---|---|
| 5 years ago | $1,200 | 3 bed | 1.5 bath | ||
| 7 years ago | $950 | 3 bed | 1.5 bath | ||
| 9 years ago | $925 | 2 bed | 1.5 bath | ||
| 12 years ago | $800 | 3 bed | 1.5 bath |
Schools near 57 S 5th Ave
Central Elementary School
1000 main st
beech grove, IN, 46107
2-3Public
C+
Hornet Park Elementary School
5249 hornet ave
beech grove, IN, 46107
PK, K-1Public
B+
South Grove Intermediate School
851 s 9th ave
beech grove, IN, 46107
4-6Public
C+
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Family Development Services - Southeast Head Start
4024 south madison ave
indianapolis, IN, 46227
PKPublic
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Internet available near 57 S 5th Ave
Neighborhood
Park Meadow | Beech Grove, IN
Getting around Beech Grove near 57 S 5th Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 57 S 5th Ave, Beech Grove
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Explore the area around 57 S 5th Ave
Walmart Supercenter
4650 S Emerson Ave
Kroger
5350 E Thompson Rd
Walmart Neighborhood Market
3805 S Keystone Ave
Waterman's Family Farm
7010 E Raymond St
Dinner Bell Markets Inc
2835 Shelby St
Family Dollar
2515 Albany St
Walmart Supercenter
4650 S Emerson Ave
Family Dollar
3522 E Raymond St
Sunnys Alterations
4850 S Emerson Ave
Moore Unique Finds & Consignment
5040 E Thompson Rd
Regal Donuts & Bakery LLC
624 Main St
New Dey Rising Cafe & Bakery
702 Main St
7 Brew Coffee
4420 S Emerson Ave
Starbucks
4601 S Emerson Ave
Starbucks
5350 E Thompson Rd
The Silver Bullet
410 Main St
Grove Sports Bar
3206 S Emerson Ave
Beech Grove Bowl
95 N 2nd Ave
Niteowls
3535 S Emerson Ave
Expo Bowling Center
5261 Elmwood Ave
New Dey Rising Cafe & Bakery
702 Main St
Daily Bread Inc
103 N 2nd Ave
Klosterman Baking Co
5867 Churchman Ave
Walmart Bakery
4650 S Emerson Ave
Walmart Deli
4650 S Emerson Ave
Park
Playground
Sarah T. Bolton Park
Holy Name Community Playground
Playground
5th Avenue Grill & Bar
423 Main St
The Silver Bullet
410 Main St
Mom's Family Restaurant LLC
510 Main St
Ball Park Pizza & Eatery II
607 Main St
Katsumi's Teaching Kitchen
222 Main St
Main St / 6th Ave
Emerson
Main St / 6th Ave
Emerson
Main St / 2nd Ave
Emerson
Main St / 2nd Ave
Emerson
Main St / 10th Ave
Emerson
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