19 Hours Ago
Location
118 E Palmer St, Indianapolis, IN 46225, USA|Near Southside
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Property Overview
Volrath has garnered a strong Zumper Expert Rating of 9.2, reflecting its excellent overall appeal for renters. It offers a competitive price rating of 10 and outstanding amenities, location, and quality ratings of 9, positioning it favorably among similar properties. With 40 photos available, potential renters can gain valuable insight into the property, reinforcing its status in the top percentile for value for money in the area.
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- Images Available
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 | ||
| 1BR/1.0BA | 1 bed | 1 bath | 600 sqft | $875 /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. |
Let's explore this property.
Amenities for Volrath
Appliances
| Dishwasher | Microwave |
| Oven | Oven/Stove |
| Range | 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
- 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 2% lower than 1-bedrooms in Near Southside.
Median rents as of Jan 17 2026.
Near Southside
Indianapolis
| Month | Median Rent |
|---|---|
| February 2024 | $908 |
| March 2024 | $1,040 |
| 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 |
| Month | Median Rent |
|---|---|
| August 2025 | $1,200 |
| December 2025 | $885 |
| January 2026 | $958 |
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-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
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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
Explore the area around 118 E Palmer St
Ghotra Partners Inc
1402 S Meridian St
City Dogs Grocery
1028 Virginia Ave
Grace Foods
2153 Barth Ave
Safeway
2176 Shelby St
E & J International Grocery
2610 Madison Ave
Sage Boutique
2130 S Garfield Dr
Nap or Nothing
872 Virginia Ave
Colts Pro Shop
500 S Capitol Ave
Family Dollar
2245 Shelby St
Royal Retailers
1440 Prospect St
Legal Beans Coffee
1644 S Meridian St
Company Kitchen
2120 S Meridian St
Nine Lives Cat Cafe
1315 Shelby St
Bovaconti Coffee
1042 Virginia Ave
Calvin Fletcher's Coffee Company
647 Virginia Ave
The Vault Indy
1542 S East St
Bryants Friendly Inn
1729 S East St
SLB Beer House LLC
2033 S Meridian St
Ajs Lounge
1118 S Meridian St
The Brass Ring Lounge
1245 Shelby St
Elevate CBD Bakery-Fountain Square
1006 Virginia Ave
Bakesmart
125 W South St
Gallery Pastry Bar
110 S Pennsylvania St
Just Cookies
222 E Market St
Rise'n Roll Bakery-Downtown Indy
107 E New York St
Garfield Park
Sandorf Park
Columbia Park
McCartys Park
Monument Circle
Taste of the Caribbean
1718 Housebar
1718 S East St
Indy's Burger Joint
1718 S East St
Indy All Night
1324 S East St
Burger King
410 E Morris St
Meridian St / Palmer St
US 31, Beech Grove
Meridian St / Palmer St
US 31, Beech Grove
East St / Lincoln St
Raymond Street
East St / Weghorst St
Raymond Street
Meridian St / Caven St
US 31, Beech Grove
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