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Updated 5+ Days Ago
Location
7531 Penway St, Indianapolis, IN 46226, USA|Arlington Woods
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Property Overview
Located near a grocery store and a top-rated elementary school, with 15 photos for a quick look, this home also stands out for its value per square foot compared with many nearby properties. It may especially appeal to those working from home, thanks to the quiet setting, high-speed internet, and an office supply store within 1 mile.
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
- Laundry available on site
Great for
Work-from-home
Amenities for 7531 Penway St, Arlington Woods
Appliances
| Garbage Disposal |
Community
| Laundry Hookups | Onsite Laundry |
Grounds
| Swimming Pool |
Services
| On-Site Management |
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
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About 7531 Penway St
Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple! This 3-bedroom, 1.5-bathroom rental home in Indianapolis, IN, might be the perfect fit for your lifestyle. See the pictures to learn more. And apply soon – homes can go fast! Please note that the advertised price may exclude additional fees. These include a $55 application fee per applicant; a one-time $75 admin fee; an $11 monthly utility management fee; other mandatory fees, if applicable, for pool maintenance, pet fees/rent, smart home, internet service, and propane refilling; and optional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99). HOAs may also charge mandatory application and amenity fees, where applicable, which must be paid directly to the HOA. For a comprehensive overview of all potential fees, please see the Rental Fees page on the FirstKey Homes website. FirstKey Homes, LLC is an Equal Housing Lessor under the FHA. Applicable local, state and federal laws may apply. Lease terms and conditions apply. This is not an offer to rent; you must submit additional information for review and approval. Listed features may not be accurate; confirm details with a leasing representative. Certain cities and municipalities (including St. Louis and Chicago) require a home inspection prior to a new resident taking possession of the home. Please note that your move-in date could be adjusted to accommodate inspection requirements. Ask your leasing agent for more details. BEWARE OF RENTAL SCAMS: FirstKey Homes exclusively manages our homes (no third-party management). We do not lease homes through, Facebook Marketplace, or other classified advertising services. All applications and lease signing can only be completed through our online platform. We will never ask for wire transfers, cash apps like Venmo, Zelle, Cash App, PayPal, or any other transferring method to collect funds. Some photos may feature virtual furniture staging, which is intended to help visualize the space and potential designs. The rental home does not come with any furniture shown in the images and these virtual images do not represent actual furnishings. Listing photos are provided to help you select a home; all photos shown are for representative and illustrative purposes only but may not be exact. Colors and photo size may vary based on different resolutions, hue, brightness, contrast, or other photo variations. Photos on websites may be modified, changed, or amended at any time. For new construction homes, actual homes may vary; photos may be of similar home/floorplan; home may be under construction and photos may not be of actual home; individual homes, amenities, features, and views may differ.
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 7531 Penway St compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 67 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
- Pool
- Enhanced community features
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2.2 miles away
Address details
| Neighborhood | Arlington Woods |
|---|---|
| Zip code | 46226 |
| Type | House for rent |
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Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Fountain Parc
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$1,525–$1,595
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Lake Marina
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$1,399–$1,439
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$1,499–$1,599
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3-bedroom apartments at 7531 Penway St cost about 14% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Oct 31 2026.
Arlington Woods
Indianapolis
| Month | Median Rent |
|---|---|
| November 2024 | $1,593 |
| 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 | $1,647 |
| July 2026 | $1,647 |
| August 2026 | $1,620 |
| September 2026 | $1,618 |
| October 2026 | $1,647 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,191 |
| December 2024 | $1,193 |
| January 2025 | $1,181 |
| February 2025 | $1,162 |
| March 2025 | $1,219 |
| April 2025 | $1,223 |
| May 2025 | $1,228 |
| June 2025 | $1,208 |
| July 2025 | $1,095 |
| August 2025 | $995 |
| September 2025 | $1,051 |
| October 2025 | $1,124 |
| November 2025 | $1,178 |
| December 2025 | $1,265 |
| January 2026 | $1,297 |
| February 2026 | $1,260 |
| March 2026 | $1,271 |
| April 2026 | $1,247 |
| May 2026 | $1,207 |
| June 2026 | $1,231 |
| July 2026 | $1,294 |
| August 2026 | $1,323 |
| September 2026 | $1,304 |
| October 2026 | $1,228 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 6 months ago | $1,570 |
Schools near 7531 Penway St
Family Development Services, CAFE Head Start
8902 east 38th st
indianapolis, IN, 46226
PKPublic
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
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
Center for Inquiry School 70
510 east 46th st
indianapolis, IN, 46205
K-8Public
B
Neighborhood
Arlington Woods | Indianapolis, IN
Getting around Indianapolis near 7531 Penway St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
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 7531 Penway St, Indianapolis
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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