3 Days Ago
Highlights
- Covered parking
- Outdoor recreation
- Workshop
- Additional storage
- Detached 2-car garage
- Storage
Location
5820 E 40th St, Indianapolis, IN 46226, USA|Devington
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Amenities for 5820 E 40th St, Devington
Features
| Central Air | Fireplace |
| Natural Gas |
Appliances
| In-Unit Laundry |
Community
| Basement | Exterior Type: Brick |
| Fitness Center | Onsite Laundry |
Grounds
| Garage Parking | Storage |
Other
| Architecture Style: Ranch | Six Rooms |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 5820 E 40th St
Property Status: Active 3-bedroom, 1.5-bath single family home available for rent on the east side of Indianapolis in the 46226 zip code. This home sits in an established Lawrence Township neighborhood with the space and features that most rentals in the area simply do not offer. The full basement gives you a significant amount of extra room for storage, a workshop, a home gym, or whatever you need the space for. The detached 2-car garage is another standout, providing covered parking for two vehicles plus additional storage that is hard to find at this price point. Central air keeps you comfortable year round, and washer and dryer hookups let you handle laundry at home. Located minutes from both I-465 and I-70, commuting anywhere in Indianapolis is straightforward from this address. The Shadeland Avenue corridor is right down the road with grocery stores, restaurants, and everyday shopping all within a short drive. Fort Benjamin Harrison State Park is nearby for trails, fishing, and outdoor recreation. Castleton Square Mall and the 82nd Street shopping corridor are a quick trip north on Shadeland. A lot of house for the money in a location that keeps you connected to everything. Office Phone: (317) 210-3637 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5820 E 40th St compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 925 sqft larger than other listings nearby
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Extra Storage
- Upgraded in-unit features
- Fireplace
- Upgraded in-unit features available
- Images available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from middle schools
- The nearest middle 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 | House for rent |
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Rent trends in Devington
3-bedroom apartments at 5820 E 40th St cost about 12% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Jun 6 2026.
Devington
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,630 |
| 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 |
| March 2026 | $1,599 |
| April 2026 | $1,600 |
| May 2026 | $1,635 |
| June 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,369 |
| July 2024 | $1,328 |
| August 2024 | $1,294 |
| September 2024 | $1,264 |
| October 2024 | $1,315 |
| November 2024 | $1,297 |
| December 2024 | $1,257 |
| January 2025 | $1,340 |
| February 2025 | $1,390 |
| March 2025 | $1,372 |
| April 2025 | $1,346 |
| May 2025 | $1,270 |
| June 2025 | $1,578 |
| July 2025 | $1,511 |
| August 2025 | $1,315 |
| September 2025 | $1,280 |
| October 2025 | $1,284 |
| November 2025 | $1,277 |
| December 2025 | $1,369 |
| January 2026 | $1,313 |
| February 2026 | $1,395 |
| March 2026 | $1,404 |
| April 2026 | $1,338 |
| May 2026 | $1,361 |
| June 2026 | $1,334 |
Affordability calculator
Can I afford to live at 5820 E 40th St?
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.
Schools near 5820 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-
Family Development Services - Windsor Village East
5950 e 23rd st
indianapolis, IN, 46218
PKPublic
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
Family Development Services, CAFE Head Start
8902 east 38th st
indianapolis, IN, 46226
PKPublic
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Internet available near 5820 E 40th St
Neighborhood
Devington | Indianapolis, IN
Getting around Indianapolis near 5820 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 5820 E 40th St, Indianapolis
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
4/10
Variety of shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
2/10
At least one elementary school within a 30-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within a short drive
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