Zumper
modified
2 Hours Ago

Highlights

  • Pet Friendly
  • Pet-friendly community
  • Private patio area
  • Gated off-street parking

Location

3540 N Pennsylvania St, Indianapolis, IN 46205, USA|Mapleton - Fall Creek
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Contact

Management

Stallard & Associates, Inc.

Leasing office

(317) 931-6030

Property Overview

3540 N Pennsylvania Street is rated highly with a Zumper Expert Rating of 9.1, reflecting its overall appeal to renters. It combines competitive pricing with top-notch amenities rated 10/10, and a location rating of 9/10 that emphasizes convenience. The property also offers excellent transparency and has standout features such as nearby highly rated schools, a pet-friendly environment with ample nearby services, and numerous photos for potential renters to review.

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.

Zumper Expert Rating

9.4
Excellent
3540 N Pennsylvania Street is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • High school nearby
  • Elementary school nearby
  • More space

Great for

  • Pet owners

Floor plans

2TH2 bed1 bath1,200 sqft$1,099 /mo1 unit availableWelcome to Pennwood Townhomes, a charming 2 bed, 1 bath 1200 square foot townhome at 3540 N Pennsylvania St., Indianapolis 46205 - located in the Mapleton‑Fall Creek neighborhood, and conveniently located to downtown Indianapolis. Inside, you’ll find hardwood floors, high ceilings, abundant closet space and an updated kitchen with dishwasher. Central heat & air, all new windows, washer/dryer hookups in the basement, and both front and back entrances add convenience and character. • Gated off-street parking for added security • Private patio area - perfect for relaxing or entertaining • Pet-friendly community (dogs & cats welcome!) • Enjoy a free membership to the Children’s Museum Neighborhood Club - a unique community perk! You’re just minutes from dining, neighborhood shops, transit lines, the Indianapolis Museum of Art, cafes and parks. Enjoy the ease of the Pennwood with convenient access to downtown, I-69, Broad Ripple and more. Don’t miss this rare blend of vintage elegance and updated living - schedule your tour today! Call (317) 931-6030 or email **** for more information. Don’t wait - this townhome won’t last long!
Pennwood - Beautiful Two Bedroom Townhomes w/ Laundry Hookups!2 bed1 bath1,200 sqft$1,099 /mo1 unit available

Let's explore this property.

Amenities for 3540 N Pennsylvania Street

Apartment Amenities

Air ConditioningCentral Heat
Hardwood FloorMini-blinds
Washer/Dryer Hookups

Appliances

Central Heat & AirDishwasher
Gas RangeIn-Unit Laundry
RangeRefrigerator
Stove

Building

Cats OKCentral Heat & A/C
Controlled BuildingDogs OK
Onsite LaundryWasher and Dryer Hookups

Grounds

Assigned ParkingReserved Parking Space

Services

24 Hour Emergency MaintenanceGreen Living Initiative
Online Lease Signing and Resident PortalTrash Pickup Included

Other

Pet Friendly Property
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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units26
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About 3540 N Pennsylvania Street

HomeApartments in IndianapolisMapleton - Fall Creek 3540 N Pennsylvania Street

Welcome to Pennwood Townhomes, a charming 2 bed, 1 bath 1200 square foot townhome at 3540 N Pennsylvania St., Indianapolis 46205 - located in the Mapleton‑Fall Creek neighborhood, and conveniently located to downtown Indianapolis. Inside, you’ll find hardwood floors, high ceilings, abundant closet space and an updated kitchen with dishwasher. Central heat & air, all new windows, washer/dryer hookups in the basement, and both front and back entrances add convenience and character. • Gated off-street parking for added security • Private patio area - perfect for relaxing or entertaining • Pet-friendly community (dogs & cats welcome!) • Enjoy a free membership to the Children’s Museum Neighborhood Club - a unique community perk! You’re just minutes from dining, neighborhood shops, transit lines, the Indianapolis Museum of Art, cafes and parks. Enjoy the ease of the Pennwood with convenient access to downtown, I-69, Broad Ripple and more. Don’t miss this rare blend of vintage elegance and updated living - schedule your tour today! Call (317) 931-6030 or email **** for more information. Don’t wait - this townhome won’t last long!


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.
9.4
/10
Excellent
3540 N Pennsylvania Street is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 3540 N Pennsylvania Street
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.
3540 N Pennsylvania Street 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·10A 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.
3540 N Pennsylvania Street stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
3540 N Pennsylvania 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·9A 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.
3540 N Pennsylvania Street has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.

Reviews from the web

Showing 1 highest rated

Great

Recon Alpha

Recon Alpha

Apr 03, 2024

We’re sharing just 1 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

3540 N Pennsylvania Street is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet grooming services nearby
  • 4 pet supply stores near the property
  • 1 pet hospital in the area

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 3540 N Pennsylvania Street compares to other nearby properties.

Positives

High school nearby
There is a high school 0.2 mile away
Elementary school nearby
There is an elementary school 0.3 mile away
More space
The 2-bedroom is 180 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in Mapleton - Fall Creek

If you decide to upgrade your space, you can expect 2-bedrooms at 3540 N Pennsylvania Street to be on par with the average for similarly sized apartments in Mapleton - Fall Creek.

Median rents as of Nov 1 2025.
Mapleton - Fall Creek
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
November 2023$941
December 2023$972
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$1,049
A table of studio rental data trends in Mapleton - Fall Creek
MonthMedian Rent
November 2023$650
December 2023$667
January 2024$681
February 2024$800
March 2024$679
April 2024$631
May 2024$625
March 2025$707
April 2025$706
May 2025$669
June 2025$652
July 2025$650
October 2025$700
November 2025$675

Affordability calculator

Can I afford to live at 3540 N Pennsylvania 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

$43,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,960 annually to afford this 2-bedrooms median monthly rent price of $1,099.
For more information on rent affordability, visit our rent calculator.

Schools near 3540 N Pennsylvania Street

Ips - Butler Lab at William Bell 60

3330 n pennsylvania

indianapolis, IN, 46205

PK, K-8Public
C+

James Whitcomb Riley School No. 43

150 w 40th st

indianapolis, IN, 46208

PK, K-8Public
C-

Francis Bellamy Pre-School Center

9501 e 36th st

indianapolis, IN, 46236

PKPublic

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-
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Internet available near 3540 N Pennsylvania Street

Getting around Indianapolis near 3540 N Pennsylvania St

Walking

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

Driving

7/10
This area is close to freeways and has adequate parking options.

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 3540 N Pennsylvania St, Indianapolis

Groceries

1/10
No grocery stores within walking distance

Shopping

4/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

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

High schools

10/10
At least one high school within a 5-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 3540 N Pennsylvania St

Baba's Steak & Lemonade
2862 Dr Martin Luther King Jr St
Restaurant Depot
2120 Enterprise Park Dr
Kroger
524 E 16th St
Oxford Food Mart
2901 E 38th St
Save-A-Lot
2930 E 38th St

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