Zumper
modified
13 Hours Ago

Highlights

  • Spacious living room
  • All utilities
  • Two large bedrooms
  • Off street parking/yard space
  • Kitchen with brand new cabinets/countertops
  • Front porch

Location

1541 Draper St, Indianapolis, IN 46203, USA
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Contact

Management

Alwood Property Group

Leasing office

(844) 432-0208 ext. 3495

Property Overview

1541 Draper Street presents a well-rounded opportunity for renters, with a Zumper expert rating of 7.7 and high scores in location (9/10) and amenities (8/10), reflecting its prime positioning and attractive features such as a spacious living room and updated kitchen. The property offers a competitive price rating of 8/10, indicating a strong balance between cost and value, while its trustworthiness rating of 7/10 highlights transparency in its presentation. Nearby top-rated schools and ample photos further enhance its appeal for potential tenants.

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.

Zumper Expert Rating

7.7
Very Good
1541 Draper Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • High school nearby
  • Less expensive
  • Elementary school nearby

Floor plans

1541 Draper Street - 12 bed1 bath$950 /moSPECIAL!!! Security deposit moves you in. No rent due until the new year! Welcome home to this 2 bedroom, 1 bathroom unit in the heart of downtown. The main floor features a spacious living room and a kitchen with brand new cabinets/countertops. The full bathroom is also located on the main level. Upstairs, you will find two large bedrooms. Enjoy the front porch and off street parking/yard space in the back. Schedule your showing today. This unit won't last long! Security deposit: $950. Tenants responsible for all utilities and yard care. Application fee: $35 per person (over the age of 18)

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Policies and fees

Applicants

Application Fee

One-time. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 1541 Draper Street

HomeApartments in Indianapolis 1541 Draper Street

SPECIAL!!! Security deposit moves you in. No rent due until the new year! Welcome home to this 2 bedroom, 1 bathroom unit in the heart of downtown. The main floor features a spacious living room and a kitchen with brand new cabinets/countertops. The full bathroom is also located on the main level. Upstairs, you will find two large bedrooms. Enjoy the front porch and off street parking/yard space in the back. Schedule your showing today. This unit won't last long! Security deposit: $950. Tenants responsible for all utilities and yard care. Application fee: $35 per person (over the age of 18)


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.
7.7
/10
Very Good
1541 Draper Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 1541 Draper Street
Price·8A 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.
Scoring a 8/10, 1541 Draper Street is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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, 1541 Draper Street 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.
1541 Draper Street 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 1541 Draper Street 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.
1541 Draper Street 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.

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 1541 Draper Street compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.3 mile away
Images Available
There are at least 10 photos of this address

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Rent trends in Indianapolis

2-bedroom apartments at 1541 Draper Street cost about 24% less than the average rent price for 2-bedroom apartments in Indianapolis.

Median rents as of Jan 24 2026.
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian 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$1,035

Affordability calculator

Can I afford to live at 1541 Draper St?

Bedrooms

2 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

$38,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 2-bedrooms monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.

Schools near 1541 Draper Street

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-

William McKinley School No. 39

1733 spann ave

indianapolis, IN, 46203

PK, K-6Public
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 1541 Draper Street

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Indianapolis near 1541 Draper St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1541 Draper St, Indianapolis

Groceries

5/10
At least one supermarket within a 20-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

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

High schools

3/10
At least one high school within a 30-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

4/10
Some bars within a few minutes’ walk

Explore the area around 1541 Draper St

Safeway
2176 Shelby St
City Dogs Grocery
1028 Virginia Ave
Grace Foods
2153 Barth Ave
Kroger
680 Twin Aire Dr
Dinner Bell Markets Inc
2835 Shelby St

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