Updated 1 Hour Ago
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3854 1/2 S Sherman Dr, Indianapolis, IN 46237, USA|University Heights
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Amenities for 3854 1/2 S Sherman Dr, University Heights
Features
| Central Air | Electric Heating |
| Walk-in Closet |
Appliances
| In-Unit Laundry |
Community
| Basement |
Grounds
| Garage Parking |
Other
| Exterior Type: Vinyl Siding | Four Rooms |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 3854 1/2 S Sherman Dr
Property Status: Active Cozy 1 bedroom 1 bath located in Beech Grove. This upstairs unit comes equipped with a stove, refrigerator, 2 spacious bedrooms each with their walk in closet, a large bathroom, a full size kitchen and convenient parking. Shared washer dryer in garage. Come see everything this home has to offer in person! Unit is located upstairs above the garage. Office Phone: (317) 210-3637 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 3854 1/2 S Sherman Dr compares to other nearby properties.
Positives
- Images available
- There are at least 10 photos of this address
- Walk-in closet
- Rentals here may include more closet space than average
Address details
| Neighborhood | University Heights |
|---|---|
| Zip code | 46237 |
| Type | House for rent |
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Rent trends in University Heights
1-bedroom apartments at 3854 1/2 S Sherman Dr cost about 22% more than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Aug 1 2026.
University Heights
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,016 |
| July 2026 | $1,064 |
| August 2026 | $1,050 |
| Month | Median Rent |
|---|---|
| August 2024 | $720 |
| December 2024 | $900 |
Affordability calculator
Can I afford to live at 3854 1/2 S Sherman Dr?
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
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 1-bedroom monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.
Schools near 3854 1/2 S Sherman Dr
Jeremiah Gray Elementary School
5225 gray rd
indianapolis, IN, 46227
PK, K-5Public
B
Clinton Young Elementary School
5740 mcfarland rd
indianapolis, IN, 46227
PK, K-5Public
C+
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
Wanamaker Early Learning Center
4150 bazil ave
indianapolis, IN, 46239
PKPublic
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Internet available near 3854 1/2 S Sherman Dr
Getting around Indianapolis near 3854 1/2 S Sherman Dr
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 3854 1/2 S Sherman Dr, Indianapolis
Groceries
5/10
Variety of groceries within a short drive
Shopping
4/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within a short drive
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