12 Hours Ago
Highlights
Pet Friendly
- Modern convenience
- Shared laundry
Location
401 S Randolph St, Indianapolis, IN 46201, USA|Near Southeast
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Property Overview
401-03 S Randolph offers a strong combination of modern convenience and shared laundry, backed by an impressive Zumper expert rating of 8 out of 10. Its competitive pricing and excellent amenities and location, each rated 9 out of 10, ensure residents enjoy a high standard of living with easy access to essential services, schools, and public transport. Additionally, the property is enhanced by its pet-friendly features, supported by nearby grooming services and pet stores, making it an appealing choice for diverse renters.
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
Less expensive- Elementary school nearby
- Middle school nearby
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 750 sqft | $850 /mo | 1 unit available | Video Tour: https drive google com file d 1StFQVNInH52LmRHr0RliIg0vfYegJOYe view?usp=sharing Leasing Special: The application fee will be waived only for the approved applicant(s) who successfully move forward with the lease and complete move-in. All applicants are required to submit an application and pay the application fee upfront. Fees for applicants who are not approved or who do not move in are non-refundable. Charming 2-bedroom, 1-bath duplex just steps from the heart of Fountain Square! This home offers comfortable living with a spacious layout and the perfect blend of historic character and modern convenience. Enjoy walkable access to some of Indy's best dining, shopping, and entertainment, all right outside your door. Shared laundry is available in the basement for added convenience, making this the ideal spot for anyone looking to enjoy one of the city's most vibrant neighborhoods. Pets Negotiable! Tenants pay all utilities. Tenant lease administration fee of $300 will be due at signing. NOTE: Monthly fee of $50 for our Resident Benefits Package which includes: Renter's Insurance, Furnace Filter Delivery, Identity Protection, Resident Rewards, Pest Control. Rental Requirements: 600+ Credit score, gross 3x the monthly rent, no evictions, no bankruptcies, clean background check. |
Let's explore this property.
Amenities for 401-03 S Randolph
Apartment Amenities
| Trash |
Appliances
| Oven | Range |
| Refrigerator | Stove |
Building
| Cats OK | Dogs OK |
Other
| Shared Front Porch |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 401-03 S Randolph
Video Tour: https drive google com file d 1StFQVNInH52LmRHr0RliIg0vfYegJOYe view?usp=sharing Leasing Special: The application fee will be waived only for the approved applicant(s) who successfully move forward with the lease and complete move-in. All applicants are required to submit an application and pay the application fee upfront. Fees for applicants who are not approved or who do not move in are non-refundable. Charming 2-bedroom, 1-bath duplex just steps from the heart of Fountain Square! This home offers comfortable living with a spacious layout and the perfect blend of historic character and modern convenience. Enjoy walkable access to some of Indy's best dining, shopping, and entertainment, all right outside your door. Shared laundry is available in the basement for added convenience, making this the ideal spot for anyone looking to enjoy one of the city's most vibrant neighborhoods. Pets Negotiable! Tenants pay all utilities. Tenant lease administration fee of $300 will be due at signing. NOTE: Monthly fee of $50 for our Resident Benefits Package which includes: Renter's Insurance, Furnace Filter Delivery, Identity Protection, Resident Rewards, Pest Control. Rental Requirements: 600+ Credit score, gross 3x the monthly rent, no evictions, no bankruptcies, clean background check.
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, 401-03 S Randolph is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 401-03 S Randolph has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
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, 401-03 S Randolph is a great option for renters looking for apartments in Near Southeast. 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·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.
401-03 S Randolph goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 401-03 S Randolph 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.
401-03 S Randolph 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 401-03 S Randolph does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
401-03 S Randolph 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 401-03 S Randolph compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Near Southeast
2-bedroom apartments at 401-03 S Randolph cost about 19% less than the average rent price for 2-bedroom apartments in Near Southeast.
Median rents as of Mar 7 2026.
Near Southeast
Indianapolis
| Month | Median Rent |
|---|---|
| March 2024 | $1,044 |
| 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 |
| February 2026 | $1,034 |
| March 2026 | $1,000 |
| Month | Median Rent |
|---|---|
| January 2025 | $700 |
| February 2025 | $716 |
| March 2025 | $850 |
| November 2025 | $870 |
| December 2025 | $1,143 |
| January 2026 | $1,006 |
| February 2026 | $879 |
| March 2026 | $895 |
Affordability calculator
Can I afford to live at 401 S Randolph St?
Bedrooms
2 bedroomsRent-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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 2-bedrooms monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near 401-03 S Randolph
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+
Family Development Services - Windsor Village East
5950 e 23rd st
indianapolis, IN, 46218
PKPublic
Family Development Services, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
Impact Academy
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
D
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Internet available near 401-03 S Randolph
Getting around Indianapolis near 401 S Randolph St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 401 S Randolph St, Indianapolis
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
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
8/10
At least one high school within a 10-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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