Zumper
modified
3 Days Ago

Highlights

  • Pet Friendly
  • Dishwasher
  • Spacious studio
  • On-site laundry facilities
  • Upscale living
  • Refrigerator
  • Serene atmosphere

Location

3520 E Fall Creek Parkway South Dr, Indianapolis, IN 46205, USA|Meadows
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Contact

Management

Indy Collective Property Group

Leasing office

(317) 489-9760

Property Overview

Balsam Avenue Apartments offers upscale living with a serene atmosphere, plus practical features like a dishwasher, refrigerator, spacious studio layouts, and on-site laundry facilities. With an overall Zumper expert rating of 8/10, strong location and value scores, and nearby public transit, grocery, and high school access, it stands out as a well-rounded option for 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.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, Balsam Avenue Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Balsam Avenue Apartments has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • High school nearby

Floor plans

The StudioStudio1 bath462 sqft$750 /mo1 unit availableNestled just beyond downtown Indianapolis, The Villages at Fall Creek offer a refined retreat, providing a serene and private atmosphere within a convenient drive to local shops, eateries, and entertainment. For those with a penchant for the outdoors, the proximity of the Monon Trail and Fall Creek allows residents to seamlessly blend urban living with natural surroundings. The residences present a choice between spacious studio or one-bedroom apartments, each thoughtfully appointed with a range of amenities. The Studio, a hallmark of upscale living, affords residents exclusive access to on-site laundry facilities and secure off-street parking. This distinguished apartment features a generously proportioned living room and ample closet space for organized storage. Essential appliances, including a stove, refrigerator, and dishwasher, seamlessly enhance the functionality and sophistication of this premier suite. 3D Tour link: https my matterport com show ?m=w9rtDtcMJy8& Contact our office today to arrange a personalized tour. Contact Us Today: 317-489-9760 ****

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Amenities for Balsam Avenue Apartments

Building

Cats OKDogs 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
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units29
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About Balsam Avenue Apartments

HomeApartments in IndianapolisMeadows Balsam Avenue Apartments

More room to live. A location you'll love. Villages at Fall Creek offers spacious apartment homes in one of Indianapolis' most convenient and connected neighborhoods. Located near the Monon Trail, Fall Creek, and just minutes from Downtown Indianapolis, residents enjoy easy access to parks, restaurants, coffee shops, entertainment, and major employment centers. Inside, you'll find apartment homes with room to spread out—providing the space needed for working from home, entertaining guests, or simply enjoying a more comfortable lifestyle. Combined with a location that keeps you connected to the best of Indianapolis, Villages at Fall Creek delivers exceptional value without sacrificing convenience. Whether you're exploring the Monon Trail, commuting downtown, or relaxing at home, Villages at Fall Creek offers the space, location, and affordability that make everyday living easier.


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 Good
With a solid 8 out of 10 overall, Balsam Avenue Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Balsam Avenue Apartments has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated Balsam Avenue Apartments
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, Balsam Avenue Apartments is a great option for renters looking for apartments in Meadows. 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·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, Balsam Avenue Apartments 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.
Balsam Avenue Apartments 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 Balsam Avenue Apartments 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 Balsam Avenue Apartments compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.5 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Meadows

Median rents as of Jun 13 2026.
Meadows
Indianapolis
A table of 1-bedroom apartment rental data trends in Indianapolis
MonthMedian Rent
June 2024$1,079
July 2024$1,081
August 2024$1,126
September 2024$1,123
October 2024$1,143
November 2024$1,126
December 2024$1,125
January 2025$1,152
February 2025$1,150
March 2025$1,087
April 2025$1,024
May 2025$1,087
June 2025$1,098
July 2025$1,090
August 2025$1,097
September 2025$1,105
October 2025$1,080
November 2025$1,046
December 2025$1,048
January 2026$1,017
February 2026$1,022
March 2026$1,011
April 2026$1,017
May 2026$1,007
June 2026$1,010
A table of 1-bedroom apartment rental data trends in Meadows
MonthMedian Rent
June 2024$925
July 2024$847
August 2024$778
October 2024$844
November 2024$765
December 2024$794
January 2025$725
February 2025$755
March 2025$787
April 2025$797
July 2025$872
August 2025$856
October 2025$800
November 2025$847
December 2025$810
January 2026$844
February 2026$850
March 2026$812
June 2026$800

Affordability calculator

Can I afford to live at 3520 E Fall Creek Parkway South Dr?

Bedrooms

Studio

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

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this studio monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.

Schools near Balsam Avenue Apartments

Indiana School for the Deaf

1200 e 42nd st

indianapolis, IN, 46205

PK, K-12Public

Center for Inquiry School 70

510 east 46th st

indianapolis, IN, 46205

K-8Public
B

Family Development Services, Inc. Service Center II Head Start

3637 n meridian st

indianapolis, IN, 46208

PKPublic

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 Balsam Avenue Apartments

Neighborhood

Meadows | Indianapolis, IN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Indianapolis near 3520 E Fall Creek Parkway South Dr

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

2/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 3520 E Fall Creek Parkway South Dr, Indianapolis

Groceries

5/10
At least one supermarket within a 20-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
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
Moderate amount of park space nearby

Nightlife

1/10
Few or no bars within walking distance

Explore the area around 3520 E Fall Creek Parkway South Dr

Vega Grocery LLC
4449 Allisonville Rd
Save-A-Lot
2930 E 38th St
Oxford Food Mart
2901 E 38th St
ALDI
5235 N Keystone Ave
KB International Inc
5425 N Keystone Ave

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