1 Day Ago
Highlights
Pet Friendly
Location
7531 Penway St, Indianapolis, IN 46226, USA|Arlington Woods
Tour 7531 Penway St
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FirstKey Homes
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Amenities for 7531 Penway St, Arlington Woods
Appliances
| Garbage Disposal |
Community
| Cats OK | Dogs OK |
| 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
Limit3
Questions about this property’s policies and fees?
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About 7531 Penway St
We make Pre-Leasing easy! Apply now and, once you’re approved, take this home off the market by paying a Pre-Lease Hold Fee; ask your Leasing Professional for more information. Once the home is made ready, we'll notify you that it's available for touring and for you to accept or decline. If you decline the home, we'll be happy to help you find a different home or refund your Hold Fee. This home is currently occupied and coming soon; please respect the current resident’s privacy and do not disturb. Please note that the advertised price may exclude additional fees. These include a $55 application fee per applicant; a one-time $75 admin fee; a $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 our Rental Fees. Get the home you want and the value you deserve with FirstKey Homes. Use our website to Apply Online, Schedule a Self-Tour, Review Resident Qualifications or Search More Homes; or contact our leasing department for help today. Pets are welcome. Apply soon, homes can go fast! 3 bedroom, 1. 5 bathroom rental home in Indianapolis, IN, may be just the home for you. 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. If you are leasing a home in one of these areas, please note that your move-in date could be adjusted to accommodate inspection requirements. Please 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, SocialServe, LetGo, Facebook Marketplace or other classified advertising services. All applications and lease signing can only be completed through FirstKeyHomes. com using the RentCafe portal. We will never ask for wire transfers, cash apps like Venmo, Zelle, CashApp PayPal, or any other transferring method to collect funds. See FirstKey Homes website for full details and conditions. 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. If you have any concerns, please schedule a tour prior to applying or leasing the listed home.
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
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
Address details
| Neighborhood | Arlington Woods |
|---|---|
| Zip code | 46226 |
| Type | House for rent |
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Rent trends in Arlington Woods
3-bedroom apartments at 7531 Penway St cost about 35% more than the average rent price for 3-bedroom apartments in Indianapolis.
Median rents as of Mar 14 2026.
Arlington Woods
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,595 |
| April 2024 | $1,598 |
| May 2024 | $1,619 |
| June 2024 | $1,628 |
| 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 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,295 |
| April 2024 | $1,268 |
| May 2024 | $1,321 |
| June 2024 | $1,365 |
| July 2024 | $1,344 |
| August 2024 | $1,418 |
| September 2024 | $1,321 |
| October 2024 | $1,285 |
| November 2024 | $1,209 |
| 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 | $1,262 |
Affordability calculator
Can I afford to live at 7531 Penway 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
$67,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $67,600 annually to afford this 3-bedrooms monthly rent price of $1,690.
For more information on rent affordability, visit our rent calculator.
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
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Internet available near 7531 Penway St
Neighborhood
Arlington Woods | Indianapolis, IN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
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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Check availability
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