Updated 1 Day Ago
Highlights
Pet Friendly
Location
5866 Parterra Dr, Indianapolis, IN 46237, USA|I65-South Emerson
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Amenities for 5866 Parterra Dr, I65-South Emerson
Community
| Cats OK | Dogs OK |
Grounds
| Swimming Pool |
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
All Policy
Allowed
Questions about this property’s policies and fees?
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About 5866 Parterra Dr
Beautiful, pet-friendly home coming soon! Apply now — available date is tentative and move-in will be scheduled within 5–10 days of the home being ready. Upon approval, $500 reservation deposit to reserve (applied to security deposit and/or refundable). Application fee: $55 per adult. Security Deposit: one month's rent. Pet fees: $250 + $40/mo per pet. Some homes may include pool ($150/mo), septic ($15/mo), and/or HOA fees; other fees may apply. We do not advertise on or ask for payments via check, cash, wire transfer, or cash apps. Contact us to schedule a showing.
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 5866 Parterra Drive, Indianapolis, IN 46237, USA compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
Address details
| Neighborhood | I65-South Emerson |
|---|---|
| Zip code | 46237 |
| Type | House for rent |
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Rent trends in I65-South Emerson
4-bedroom apartments at 5866 Parterra Dr cost about 22% more than the average rent price for 4-bedroom apartments in Indianapolis.
Median rents as of Aug 8 2026.
I65-South Emerson
Indianapolis
| Month | Median Rent |
|---|---|
| August 2024 | $1,868 |
| 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 |
| January 2026 | $1,842 |
| February 2026 | $1,868 |
| March 2026 | $1,942 |
| April 2026 | $2,004 |
| May 2026 | $1,984 |
| June 2026 | $2,068 |
| July 2026 | $2,009 |
| August 2026 | $1,975 |
| Month | Median Rent |
|---|---|
| September 2025 | $1,830 |
| October 2025 | $1,823 |
| November 2025 | $1,730 |
| December 2025 | $1,707 |
| January 2026 | $1,695 |
Affordability calculator
Can I afford to live at 5866 Parterra 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
$82,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $82,400 annually to afford this 4-bedrooms monthly rent price of $2,060.
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 | |||||
|---|---|---|---|---|---|
| 4 years ago | $1,675 | 4 bed | 3 bath | ||
| 4 years ago | $1,675 | 4 bed | 3 bath | ||
| 4 years ago | $1,670 | 4 bed | 3 bath | ||
| 9 years ago | $1,345 | 4 bed | 3 bath | ||
| 12 years ago | $1,000 | 4 bed | 2.5 bath | ||
| 12 years ago | $1,200 | 4 bed | 3 bath |
Schools near 5866 Parterra Dr
Arlington Elementary School
5814 s arlington ave
indianapolis, IN, 46237
K-3Public
B+
Edgewood Intermediate School
7620 edgewood
indianapolis, IN, 46239
4-6Public
B+
Wanamaker Early Learning Center
4150 bazil ave
indianapolis, IN, 46239
PKPublic
Lillie Idella Kitley Intermediate School
8735 indian creek rd
indianapolis, IN, 46259
4-6Public
A-
Family Development Services - Southeast Head Start
4024 south madison ave
indianapolis, IN, 46227
PKPublic
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Internet available near 5866 Parterra Dr
Getting around Indianapolis near 5866 Parterra Dr
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.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5866 Parterra Dr, Indianapolis
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
2/10
No elementary schools within a 30-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
2/10
Minimal park space nearby
Nightlife
4/10
Few or no bars within walking distance
Other units at this address
5866 Parterra Drive, Indianapolis, IN
5866 Parterra Drive Indianapolis, IN
Occupied
4 Beds, 2.5 Baths
4 Beds
2.5 Baths
$1,000
In-Unit Laundry • Fireplace • Air Conditioning • Dishwasher • Walk-In Closets
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