Updated 5+ Days Ago
Highlights
Pet Friendly
- Friendly community
- Comfortable living
Location
400 S Illinois St, Greencastle, IN 46135, USA
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Property Overview
Colonial Arms Apartments earns a strong overall impression with an 8/10 Zumper expert rating, supported by especially high marks for price and location, along with solid amenities and trustworthiness. It stands out for competitive value, convenient access to nearby essentials, and pet-friendly surroundings, while its friendly community and comfortable living add to its appeal.
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.
Things you’ll love
Elementary school nearby- Pet friendly
Great for
Pet owners
Floor plans
| Colonial - 1A | 1 bed | 1 bath | 460 sqft | $800 /mo | |||
| Colonial - 1B | 1 bed | 1 bath | 520 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 OK | Dogs 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 built | 1968 |
|---|---|
| Units | 16 |
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About 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 GoodWith 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.
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:
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
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Rent trends in Greencastle
1-bedroom apartments here are priced 4% lower than 1-bedrooms in Greencastle.
Median rents as of Aug 1 2026.
Greencastle
| Month | Median Rent |
|---|---|
| June 2026 | $887 |
| July 2026 | $919 |
| August 2026 | $877 |
Affordability calculator
Can I afford to live at 400 S Illinois St?
Bedrooms
1 bedroomRent-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
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