11 Hours Ago
Highlights
Pet Friendly
Location
1515 E Michigan St, Indianapolis, IN 46201, USA|Near Eastside
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Property Overview
1515-1517 E Michigan Street is a highly rated rental option with an overall expert score of 8.4/10, combining a perfect 10/10 price rating with strong 8/10 amenities and 9/10 location scores for excellent value and everyday convenience. The property sits in a walkable, lively neighborhood with diverse residents, 129 restaurants within a mile, nearby grocery options, and highly rated schools very close by, while its detailed, transparent listing supports an 8/10 trustworthiness rating.
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
High school nearby- Middle school nearby
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 700 sqft | $825 /mo | 1 unit available | Property comes with stove, refrigerator, and air conditioning Washer and dryer in common area $50 Utility Fee Small pets welcome with a one-time pet fee of $250 per pet, 2 pet max **To view property, click the "Contact Us" button to submit an inquiry, or call the office. Our leasing agents will contact you the same or next business day to schedule a showing. |
Let's explore this property.
Amenities for 1515-1517 E Michigan Street
Building
| Cats OK | Dogs OK |
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 | 5 |
|---|
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About 1515-1517 E Michigan Street
Property comes with stove, refrigerator, and air conditioning Washer and dryer in common area $50 Utility Fee Small pets welcome with a one-time pet fee of $250 per pet, 2 pet max **To view property, click the "Contact Us" button to submit an inquiry, or call the office. Our leasing agents will contact you the same or next business day to schedule a showing.
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, 1515-1517 E Michigan Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1515-1517 E Michigan Street 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.
1515-1517 E Michigan 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·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, 1515-1517 E Michigan 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.
1515-1517 E Michigan 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 1515-1517 E Michigan 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·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.
1515-1517 E Michigan Street 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 1515-1517 E Michigan Street compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.0 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
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Rent trends in Near Eastside
1-bedroom apartments at 1515-1517 E Michigan Street cost about 3% more than the average rent price for 1-bedroom apartments in Near Eastside.
Median rents as of May 30 2026.
Near Eastside
Indianapolis
| Month | Median Rent |
|---|---|
| June 2024 | $1,181 |
| 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 | $1,004 |
| April 2026 | $955 |
| May 2026 | $951 |
| Month | Median Rent |
|---|---|
| June 2024 | $668 |
| July 2024 | $647 |
| August 2024 | $789 |
| September 2024 | $992 |
| October 2024 | $957 |
| November 2024 | $984 |
| December 2024 | $774 |
| January 2025 | $742 |
| February 2025 | $630 |
| March 2025 | $1,199 |
| April 2025 | $1,049 |
| May 2025 | $1,199 |
| June 2025 | $1,149 |
| July 2025 | $1,199 |
| August 2025 | $1,008 |
| September 2025 | $690 |
| October 2025 | $696 |
| November 2025 | $953 |
| December 2025 | $908 |
| January 2026 | $945 |
| February 2026 | $924 |
| March 2026 | $898 |
| April 2026 | $650 |
| May 2026 | $628 |
Affordability calculator
Can I afford to live at 1515 E Michigan St?
Bedrooms
1 bedroomRent-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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 1-bedroom monthly rent price of $825.
For more information on rent affordability, visit our rent calculator.
Schools near 1515-1517 E Michigan Street
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, Inc. Service Center II Head Start
3637 n meridian st
indianapolis, IN, 46208
PKPublic
Family Development Services - Windsor Village East
5950 e 23rd st
indianapolis, IN, 46218
PKPublic
Indiana School for the Deaf
1200 e 42nd st
indianapolis, IN, 46205
PK, K-12Public
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Internet available near 1515-1517 E Michigan Street
Getting around Indianapolis near 1515 E Michigan St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
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 1515 E Michigan St, Indianapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-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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