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5+ Days Ago
Location
409 South Dearborn Street, Indianapolis, Indiana 46201, United States|Near Southeast
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Property Overview
407 - 409 S Dearborn St. is recognized in the Zumper Expert Rating for its appeal, while offering a wealth of visual information with 26 photos that provide potential renters with a clear insight into the property. Its location offers advantages that make it interesting for a variety of lifestyles. Notable features further enhance its desirability, ensuring a comprehensive overview for 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
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 500 sqft | 1 Bedroom, 1 Bath In Twin Aire. Updated Flooring, Paint, And Bathroom. Comes with Fridge and Stove. 5 Minutes from heart of downtown. C |
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Amenities for 407 - 409 S Dearborn St.
Appliances
| Fridge and Stove |
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 | 2 |
|---|
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About 407 - 409 S Dearborn St.
1 Bedroom, 1 Bath In Twin Aire. Updated Flooring, Paint, And Bathroom. Comes with Fridge and Stove. 5 Minutes from heart of downtown. C
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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 407 - 409 S Dearborn St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 407 - 409 S Dearborn St. 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·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.
407 - 409 S Dearborn St. 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·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, 407 - 409 S Dearborn St. 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.
407 - 409 S Dearborn St. 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 407 - 409 S Dearborn St. to provide reasonable accomodations and accurate details about its community.
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 407 - 409 S Dearborn St. compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
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Rent trends in Near Southeast
Median rents as of Dec 6 2025.
Near Southeast
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $945 |
| January 2024 | $900 |
| 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 | $1,005 |
| Month | Median Rent |
|---|---|
| February 2024 | $675 |
| January 2025 | $700 |
| February 2025 | $716 |
| March 2025 | $850 |
| November 2025 | $870 |
| December 2025 | $850 |
Schools near 407 - 409 S Dearborn St.
William McKinley School No. 39
1733 spann ave
indianapolis, IN, 46203
PK, K-6Public
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 407 - 409 S Dearborn St.
Getting around Indianapolis near 409 South Dearborn Street
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.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 409 South Dearborn Street, Indianapolis
Groceries
8/10
The nearest general grocery store is within a 10-minute walk, and there are also a few specialist food stores nearby.
Shopping
4/10
Some fashion stores are within walking distance.
Cafes
2/10
Few cafés are within walking distance.
Restaurants
5/10
Several restaurants are within a short walk.
Primary schools
6/10
The closest elementary school is within a 10-to-15-minute walk.
High schools
6/10
The closest high school is within a 10-to-15-minute walk.
Parks
5/10
Very few or no parks in the area.
Nightlife
3/10
Few bars are within walking distance.
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