Updated 2 Days Ago
Location
Beech Grove, IN 46107, USA|Park Meadow
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Property Overview
51 - 53 N. 5th Ave. earns a strong overall rating with excellent value, a standout location, and solid amenities, plus a trustworthy property description. It is also noted for being close to a top-rated elementary school, making it appealing for renters who prioritize convenience and nearby schools.
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
Elementary school nearby
Floor plans
| 3BR/1.0BA | 3 bed | 1 bath | 1,095 sqft | $1,410 /mo | 1 unit available | Sign a Lease before 9/20/2026 and receive 1 month free with a fully executed 18 month or longer lease! Welcome to this charming, rent-ready home in the heart of Beech Grove! Nestled in a quiet, established neighborhood, this property offers the perfect blend of comfort and convenience. Enjoy easy access to local parks, schools, shopping, dining, and just a short drive to downtown Indianapolis. Inside, you'll find a welcoming layout with comfortable living spaces and plenty of natural light. Whether you're relaxing at home or exploring everything the area has to offer, this home is an excellent place to call your own. Don't miss this great opportunity to live in one of Beech Grove's most convenient locations! |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 51 - 53 N. 5th Ave.
Sign a Lease before 9/20/2026 and receive 1 month free with a fully executed 18 month or longer lease! Welcome to this charming, rent-ready home in the heart of Beech Grove! Nestled in a quiet, established neighborhood, this property offers the perfect blend of comfort and convenience. Enjoy easy access to local parks, schools, shopping, dining, and just a short drive to downtown Indianapolis. Inside, you'll find a welcoming layout with comfortable living spaces and plenty of natural light. Whether you're relaxing at home or exploring everything the area has to offer, this home is an excellent place to call your own. Don't miss this great opportunity to live in one of Beech Grove's most convenient locations!
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.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, 51 - 53 N. 5th Ave. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 51 - 53 N. 5th Ave. 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.
51 - 53 N. 5th Ave. 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, 51 - 53 N. 5th Ave. 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.
51 - 53 N. 5th Ave. 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 51 - 53 N. 5th Ave. 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.
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 51 - 53 N. 5th Ave. compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Park Meadow
3-bedroom apartments at 51 - 53 N. 5th Ave. cost about the same as the average rent price for 3-bedroom apartments in Park Meadow.
Median rents as of Aug 29 2026.
Park Meadow
Beech Grove
| Month | Median Rent |
|---|---|
| September 2024 | $916 |
| October 2024 | $935 |
| November 2024 | $846 |
| December 2024 | $944 |
| January 2025 | $995 |
| February 2025 | $1,016 |
| March 2025 | $1,039 |
| April 2025 | $1,007 |
| May 2025 | $967 |
| June 2025 | $975 |
| August 2025 | $878 |
| September 2025 | $908 |
| October 2025 | $917 |
| November 2025 | $972 |
| December 2025 | $1,138 |
| January 2026 | $1,138 |
| February 2026 | $1,239 |
| March 2026 | $1,032 |
| April 2026 | $949 |
| May 2026 | $930 |
| June 2026 | $900 |
| July 2026 | $862 |
| August 2026 | $864 |
| Month | Median Rent |
|---|---|
| December 2025 | $1,375 |
| January 2026 | $1,375 |
| February 2026 | $1,375 |
| March 2026 | $1,185 |
| April 2026 | $1,137 |
| May 2026 | $900 |
| June 2026 | $850 |
| July 2026 | $850 |
Affordability calculator
Can I afford to live at Beech Grove?
Bedrooms
3 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
$56,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $56,400 annually to afford this 3-bedrooms monthly rent price of $1,410.
For more information on rent affordability, visit our rent calculator.
Schools near 51 - 53 N. 5th Ave.
Central Elementary School
1000 main st
beech grove, IN, 46107
2-3Public
C+
South Grove Intermediate School
851 s 9th ave
beech grove, IN, 46107
4-6Public
C+
Hornet Park Elementary School
5249 hornet ave
beech grove, IN, 46107
PK, K-1Public
B+
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Family Development Services - Southeast Head Start
4024 south madison ave
indianapolis, IN, 46227
PKPublic
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Internet available near 51 - 53 N. 5th Ave.
Neighborhood
Park Meadow | Beech Grove, IN
Getting around IN 46107 near Beech Grove
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for Beech Grove, IN 46107
Groceries
1/10
No grocery stores within walking distance
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some 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
7/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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