10 Hours Ago
Location
118 E Palmer St, Indianapolis, IN 46225, USA|Near Southside
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Property Overview
Volrath receives a commendable Zumper Expert Rating of 9.2, indicating it is a strong rental option. It features excellent pricing and a competitive value rating of 10 out of 10, alongside impressive amenities, location, and overall quality scores of 9 each. Additionally, the property is transparent in its presentation, highlighted by trustworthiness rating of 8, while its proximity to a highly rated elementary school and the availability of numerous photos enhance its appeal to prospective renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Elementary school nearby
- Dishwasher
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 600 sqft | $774 /mo | 1 unit available | Inspired by the vibrant city of Indianapolis, Volrath Apartments is a stunning multiplex rental property that offers a unique blend of modern style and historic charm. Our units are spacious providing the perfect balance of comfort and convenience. With a prime location in the heart of the city, residents can easily access all that Indianapolis has to offer, from world-class dining and entertainment to beautiful parks and cultural attractions. Our units open layouts and large windows flood the space with natural light, creating a warm and inviting atmosphere. The property boasts a sleek, contemporary design, with high-end finishes and amenities that cater to the needs of today's urban dweller. Whether enjoying a quiet evening in or entertaining friends ,the living area provides the ideal setting for any occasion. Residents will also appreciate the convenience of dedicated parking. Don't miss the opportunity to experience the best of city living at Volrath Apartments in Indianapolis, where every day is an adventure waiting to happen. | |
| **Free Month of Rent ** 128 E Palmer St - Studio | 1 bed | 1 bath | 600 sqft | $649 /mo | 1 unit available |
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Amenities for Volrath
Appliances
| Dishwasher | Microwave |
| Oven/Stove | Refrigerator |
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
Building details
Property details
| Units | 21 |
|---|
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About Volrath
- Inspired by the vibrant city of Indianapolis, Volrath Apartments is a stunning multiplex rental property that offers a unique blend of modern style and historic charm. Our units are spacious providing the perfect balance of comfort and convenience. With a prime location in the heart of the city, residents can easily access all that Indianapolis has to offer, from world-class dining and entertainment to beautiful parks and cultural attractions. Our units open layouts and large windows flood the space with natural light, creating a warm and inviting atmosphere. The property boasts a sleek, contemporary design, with high-end finishes and amenities that cater to the needs of today's urban dweller. Whether enjoying a quiet evening in or entertaining friends ,the living area provides the ideal setting for any occasion. Residents will also appreciate the convenience of dedicated parking. Don't miss the opportunity to experience the best of city living at Volrath Apartments in Indianapolis, where every day is an adventure waiting to happen.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.2
/10
ExcellentVolrath is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Volrath offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Volrath goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, Volrath receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Volrath is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Volrath has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new 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 Volrath compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Near Southside
Studio apartments at Volrath cost about 22% less than the average rent price for studios in Near Southside.
1-bedroom apartments here are priced 13% lower than 1-bedrooms in Near Southside.
Median rents as of Mar 7 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,044 |
| April 2024 | $1,074 |
| May 2024 | $1,117 |
| June 2024 | $1,171 |
| July 2024 | $1,091 |
| August 2024 | $1,047 |
| September 2024 | $1,090 |
| October 2024 | $1,131 |
| November 2024 | $1,126 |
| December 2024 | $1,105 |
| January 2025 | $1,194 |
| February 2025 | $1,191 |
| March 2025 | $1,151 |
| April 2025 | $1,121 |
| May 2025 | $1,139 |
| June 2025 | $1,158 |
| July 2025 | $1,185 |
| August 2025 | $1,178 |
| September 2025 | $1,065 |
| October 2025 | $1,063 |
| November 2025 | $1,048 |
| December 2025 | $1,029 |
| January 2026 | $1,039 |
| February 2026 | $1,034 |
| March 2026 | $1,000 |
| Month | Median Rent |
|---|---|
| August 2025 | $1,200 |
| December 2025 | $885 |
| January 2026 | $979 |
| February 2026 | $995 |
| March 2026 | $998 |
Affordability calculator
Can I afford to live at 118 E Palmer St?
Bedrooms
Rent-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
$30,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,960 annually to afford this studio monthly rent price of $774.
For more information on rent affordability, visit our rent calculator.
Schools near Volrath
James A. Garfield School No. 31
307 lincoln st
indianapolis, IN, 46225
PK, K-8Public
C
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 2
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
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Internet available near Volrath
Getting around Indianapolis near 118 E Palmer St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 118 E Palmer St, Indianapolis
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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