Updated 3 Days Ago
Highlights
Pet Friendly
Location
642 S Meridian St, Indianapolis, IN 46225, USA|Downtown Indianapolis
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Property Overview
Located in a central Indianapolis setting, this property offers convenient access to nearby amenities, transit, dining, and downtown attractions. It stands out for its practical urban location, making it appealing for those who value walkability, connectivity, and everyday convenience.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images available
- Package service
Great for
Pet owners
Social life
Amenities for 642 S Meridian St, Downtown Indianapolis
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Hardwood Floor | Patio |
| Washer/Dryer Hookups |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Refrigerator |
| Stove/Oven |
Building
| Cats OK | Dogs OK |
| Unfinished Basement |
Grounds
| Outdoor Space |
Services
| On-Site Management | 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
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 642 S Meridian St
Sweet deal!
This listing is 23% below the median price for 2 bedroom apartments in Downtown Indianapolis.
This charming 2-bedroom, 2-bath triplex is located in the heart of Indianapolis historic Old Southside neighborhood, offering the perfect combination of character, comfort, and an unbeatable downtown location. Just two blocks from Lucas Oil Stadium and Shapiros Delicatessen, this home puts you within walking distance of some of Indianapolis best-known attractions. You'll also be close to Eli Lilly, the YMCA at CityWay, Gainbridge Fieldhouse, and the many restaurants, shops, entertainment venues, and attractions that Downtown Indianapolis has to offer. Inside, you'll find beautiful original hardwood floors, plenty of cabinet space, and a well-equipped kitchen featuring a stove/oven, refrigerator, microwave, and dishwasher. The home also includes a washer and dryer and central air for year-round comfort and convenience. Need a little extra space? The bonus room offers plenty of flexibility and could be used as a home office, workout or exercise room, playroom, hobby space, or additional relaxation area or whatever works best for your lifestyle. Step outside and enjoy your private front patio, the perfect spot for morning coffee, relaxing in the evening, or simply enjoying the energy and atmosphere of this vibrant neighborhood. With its historic charm, spacious layout, bonus room, private outdoor space, and incredible location just minutes from the heart of Downtown Indianapolis, this home offers a rare opportunity to enjoy convenient city living in one of Indys most walkable and desirable neighborhoods. LEASE TERMS: 12 months. UTILITIES: Gas Stove Hook-up, Electric Dryer Hook-up, Gas Furnace, Gas Water Heater. TENANT PAYS: a flat fee of $250.00 for gas, electric, water/sewer. CENTRAL AIR: Yes. Pet Deposit/Pet Policy: A maximum of 2 pets per property will be allowed with a non-refundable pet fee of $300. There will be a $30 per pet per month charge for pet rent. The following breeds are restricted: Pit Bull and Rottweiler. At CityPlace Property Management, we strive to provide an experience that is cost-effective and convenient. Thats why we provide a Resident Benefits Package (RBP) to address common headaches for our residents. Our program handles insurance, air filter delivery (for applicable properties), credit building, rent rewards and more at a rate of $39.95/month, added to every property as a required program. More details upon application. *If you provide your own insurance policy, the RBP cost will be reduced by the amount of the insurance premium billed by Second Nature Insurance Services (NPN No. 20224621)
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 642 S Meridian St, Indianapolis, IN 46225, USA compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 400 sqft larger than other listings nearby
- Images available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Downtown Indianapolis |
|---|---|
| Zip code | 46225 |
| Type | Apartment for rent |
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Rent trends in Downtown Indianapolis
2-bedroom apartments at 642 S Meridian St cost about 23% less than the average rent price for 2-bedroom apartments in Indianapolis.
Median rents as of Aug 22 2026.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,256 |
| January 2026 | $1,245 |
| February 2026 | $1,239 |
| March 2026 | $1,250 |
| April 2026 | $1,250 |
| May 2026 | $1,275 |
| June 2026 | $1,288 |
| July 2026 | $1,270 |
| August 2026 | $1,288 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,127 |
| October 2024 | $1,937 |
| November 2024 | $1,949 |
| December 2024 | $1,967 |
| January 2025 | $1,936 |
| February 2025 | $1,972 |
| March 2025 | $2,202 |
| April 2025 | $2,487 |
| May 2025 | $2,429 |
| June 2025 | $2,353 |
| July 2025 | $2,390 |
| August 2025 | $2,335 |
| September 2025 | $2,329 |
| October 2025 | $2,298 |
| November 2025 | $2,237 |
| December 2025 | $2,096 |
| January 2026 | $2,086 |
| February 2026 | $2,231 |
| March 2026 | $2,293 |
| April 2026 | $2,226 |
| May 2026 | $2,294 |
| June 2026 | $2,315 |
| July 2026 | $2,347 |
| August 2026 | $2,349 |
Affordability calculator
Can I afford to live at 642 S Meridian St?
Bedrooms
2 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
$72,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this 2-bedrooms monthly rent price of $1,800.
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 | |||||
|---|---|---|---|---|---|
| 11 months ago | $1,075 | 1 bed | 1 bath | ||
| 7 years ago | $999 | 1 bed | 1 bath | ||
| 7 years ago | $999 | 1 bed | 1 bath | ||
| 9 years ago | $1,650 | 2 bed | 2 bath |
Schools near 642 S Meridian St
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
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Internet available near 642 S Meridian St
Neighborhood
Downtown Indianapolis | Indianapolis, IN
Getting around Indianapolis near 642 S Meridian St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 642 S Meridian St, Indianapolis
Groceries
4/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
6/10
Several bars within a few minutes’ walk
Other units at this address
642 S Meridian St, Indianapolis, IN
642 S Meridian St Indianapolis, IN
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$975
Dishwasher • In-Unit Laundry • Hardwood Floor
Occupied
B
1 Bed
1 Bath
$1,075
Deck • Air Conditioning • Microwave • Dishwasher • In-Unit Laundry • Hardwood Floor
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