Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Friendly community
  • Comfortable living

Location

400 S Illinois St, Greencastle, IN 46135, USA
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Contact

Management

Teays Valley Property Management

Leasing office

(844) 334-0251 ext. 4576

Property Overview

Colonial Arms Apartments earns a strong Zumper expert rating, with standout marks for price, location, and amenities, suggesting solid value and convenience. It also offers a friendly community and comfortable living, plus it is great for pet friendliness thanks to nearby pet supply stores, grooming, and pet hospitals.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, Colonial Arms Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Colonial Arms Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Pet friendly

Great for

  • Pet owners

Floor plans

Colonial - 1A1 bed1 bath460 sqft$800 /mo
Colonial - 1B1 bed1 bath520 sqft$877 /mo

Let's explore this property.

Amenities for Colonial Arms Apartments

Apartment Amenities

Air Conditioning

Appliances

Refrigerator

Tech

High-Speed Internet

Building

Cats OKDogs OK

Other

Short Term Lease
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

Application Fee (Per Applicant)

Per-applicant. Refund Policy: Non-refundable.

$55

REQUIRED FEES

Security Deposit

One-time.

$500

OPTIONAL FEES

Parking Policy

Street

Surface Lot

Street

Parking Fee

Monthly. 2 streets max.

$0

Surface Lot

Parking Fee

Monthly. 2 surface lots max.

$0

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Monthly Pet Fee

Monthly. 2 cats max. Cat $300 non-refundable deposit for first pet, $200 deposit for second pet. $40/mo/pet max two pets. Dogs and cats only. Subject to Pet Screening approval.

$40

Pet Fee

One-time fee per pet.

$0

Pet Deposit

One-time deposit per pet.

$0

Dog

Monthly Pet Fee

Monthly. 2 dogs max. Dog $300 non-refundable deposit for first pet, $200 deposit for second pet. $40/mo/pet max two pets. Dogs and cats only. Subject to Pet Screening approval.

$40

Pet Fee

One-time fee per pet.

$0

Pet Deposit

One-time deposit per pet.

$0

Questions about this property’s policies and fees?

Building details

Property details

Year built1968
Units16
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About Colonial Arms Apartments

Home Colonial Arms Apartments

Experience comfortable and affordable living in the heart of Greencastle. Our apartments offer practical amenities in a friendly community.


Year Built: 1968

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.
8.0
/10
Very Good
With a solid 8 out of 10 overall, Colonial Arms Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Colonial Arms Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Colonial Arms Apartments
Price·9A 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.
Colonial Arms Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A 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.
With multiple in-demand amenities, Colonial Arms Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Colonial Arms Apartments 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·6A 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.
While Colonial Arms Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Colonial Arms Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Colonial Arms Apartments is great for:

Pet owners

  • 3 pet hospitals in the area
  • 3 pet supply stores near the property
  • 1 pet grooming service nearby

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 Colonial Arms Apartments compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
Pet friendly
This property allows pets

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Greencastle

Median rents as of Mar 14 2026.
Greencastle
A table of 2-bedroom apartment rental data trends in Greencastle
MonthMedian Rent
March 2025$1,190
April 2025$1,250
May 2025$1,259
June 2025$1,200
July 2025$1,041
August 2025$980
September 2025$975
December 2025$1,375
January 2026$1,375
February 2026$1,200
March 2026$1,200

Affordability calculator

Can I afford to live at 400 S Illinois St?

Bedrooms

1 bedroom

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

$33,540/yr

With your selected rent-to-income ratio, you'd ideally want to make $33,540 annually to afford this 1-bedroom median monthly rent price of $838.
For more information on rent affordability, visit our rent calculator.

Schools near Colonial Arms Apartments

Martha J. Ridpath Elementary School

711 south central ave

greencastle, IN, 46135

K-2Public
B-

Tzouanakis Intermediate School

500 linwood dr

greencastle, IN, 46135

3-5Public
B-

Cloverdale Distance Learning Academy

310 e logan st

cloverdale, IN, 46120

K-8Public
C+
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Internet available near Colonial Arms Apartments

Getting around Greencastle near 400 S Illinois St

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 400 S Illinois St, Greencastle

Groceries

3/10
At least one grocery store within a 30-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

4/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 400 S Illinois St

Kroger
821 Indianapolis Rd
Family Market
1107 Indianapolis Rd
ALDI
65 Putnam Plz
Walmart Supercenter
1750 Indianapolis Rd
Baker's Septic Services, Inc
3016 W County Road 300 S

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