1238 E 49th St, Indianapolis, IN 46205
Property image
Property image
FOR RENT
APPLY INSTANTLY
PET FRIENDLY

$1,850/mo

Original price: $1,825
Total price
  • 3 Beds
  • 1 Bath
  • 1,224 sqft

1238 E 49th St, Indianapolis, IN 46205

Fairgrounds
Available Oct 1
Cost and fees breakdown
This listing now includes required monthly fees in the total price. Learn more
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Home Highlights

Single-Family Home
Dogs & Cats Allowed
Washer, Dryer
$1,850 deposit
Heat Pump & Central Air, Wall Units

Local Information

  • Map ViewExplore the area around 1238 E 49th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

Charming 3BR Home Near Monon Trail Modern Upgrades + Putting Green!

 1238 E 49th St, Indianapolis, IN 46205
 $1,850/month + 1 month security deposit
 3 Bedrooms | 1 Bathroom | 1,200+ sq ft

Welcome to this beautifully updated single-family home located just steps from the Monon Trail and right across the street from Arsenal Park and a skip and jump away from the Monon trail! This one-of-a-kind home blends modern comfort with unique character starting with its bold and beautiful French red front doors.

 Features You'll Love:
Fenced in yard
Brand new hardwood floors throughout
Stylish quartz countertops
High-end fixtures & Delta showerhead
Unique modern LED lighting
All-new heating, air conditioning, water heater, and roof
Fresh paint inside and out
Brand new front porch with pergola
Putting green in the front yard ! Seriously!
Shaded backyard with patio perfect for relaxing for entertaining
Off-street parking for 4 5 cars
Enjoy morning jogs on the Monon Trail or peaceful afternoons across the street at Arsenal Park. Whether you're an outdoor lover, design enthusiast, or someone who simply appreciates quality upgrades, this home checks every box.

 Available 10/1
Pet friendly (inquire for details)

 Location perks: Just minutes to Broad Ripple, Downtown Indianapolis, dining, shopping, and more.

This home is truly one-of-a-kind schedule your showing today before it's gone!

Tennant in place! Feel free to apply for consideration there will not be any tours until the middle/end of September

Renters is responsible for all utilities and upkeep of the yard. Renter must carry renter insurance.

Details for 1238 E 49th St

Interior Features

Heating & Cooling
Heating: Heat PumpAir ConditioningHeating Fuel: Heat Pump
Appliances & Utilities
DryerRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: Oct 1stCats, small dogs allowedDeposit: $1,850

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site
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Costs and Fees

Required monthly rent & fees
  • Base rent
    $1,850/mo
Required one-time fees
  • Security deposit
    $1,850
  • Application fee
    Contact for details
  • Administrative fee
    $55
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
See more

Rental Market Trends in Fairgrounds

Last updated Sep 2026
Trulia Rent Estimate$1,632/mo
Average rent
$1.45K
$50MoM
Available listings
24
View rental market trends in Indianapolis, IN

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Fairgrounds
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fairgrounds

At least 49 Trulia users voted on each feature.

  • 91 % Say parking is easy

  • 90 % Say it's dog friendly

  • 83 % Say yards are well-kept

  • 78 % Say car is needed

  • 72 % Say there's holiday spirit

  • 70 % Say it's walkable to restaurants

  • 69 % Say there are sidewalks

  • 60 % Say neighbors are friendly

  • 58 % Say kids play outside

  • 54 % Say it's quiet

  • 54 % Say they plan to stay for at least 5 years

  • 52 % Say people would walk alone at night

  • 49 % Say there's wildlife

  • 45 % Say streets are well-lit

  • 41 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Audrey Black
    "Monon trail is good for dog walkers. Surrounding area is not very clean or safe. I would not walk at night. "
    1
    Flag
  • Trulia User
    "we have block parties where everyone is encouraged to mingle and meet one another it really makes the neighborhood feel connected and brings a friendly atmosphere to anyone looking to join "
    0
    Flag
  • Trulia User
    "area is nice but alittle expensive and housing in particular. restaurants and bars nearby. becoming more upper class with each year. "
    0
    Flag
  • Trulia User
    "Dogs are friendly and usually on leash, but owners do not pick up after their pets often. Monon is nearby and very pet friendly "
    0
    Flag
  • Rdeangelo17
    "They would like the dog park. That’s in the Pangea apartments also the safe neighborhood that you can give them walks around."
    0
    Flag
  • Kristel
    "We love our neighborhood! Bikable from home to downtown in less time than battleing rush hour traffic! Great choice public elementary schools within 5 miles of home. Walkable to over 25 restaurants, 6 of which are microbreweries. A quick bike ride to historic theater and even more restaurant options. Fantastic for the cost of living here. Pot holes in Indy are BAD in winter time tho. But the paddle options (canoeing kayaking etc) nearby are fantastic! "
    2
    Flag
  • Talya
    "My neighborhood has access to downtown. Weather you catch the Indygo or drive, you could even get there via the moon trail. There's shops, grocery, night life! Making all of my commutes a walk in the park."
    0
    Flag
  • Logan T
    "Bike able; 30 minute drive in rush hour traffic (to downtown), 30 minute commute by bike. Only 20 minute drive when it’s not rush hour. Only 40 minutes to the airport. Close to major pathway which connects even to the suburbs. "
    0
    Flag
  • Nancy K.
    "Getting more difficult with redline road work. Side streets are easy to maneuver. Restaurants and shops are selling easy to get to. "
    0
    Flag
  • Carla F.
    "My neighborhood has great access to public transportation and is only a 15 minute commute to downtown......"
    0
    Flag
  • Samantha
    "This is not a good neighborhood. Everyone minds their own business and won’t cause issues. There’s literally people on the street 24/7 and cars driving fast all the time. A lot of stray animals"
    1
    Flag
  • Nancy K.
    "Easy to get around by car, walking, catching a bus, grabbing an electric car or scooter. Driving downtown takes twenty minutes going to Carmel above the same. Chose to buy here because of ease of getting wherever I need to go. "
    0
    Flag
  • Nancy K.
    "Everyone is dog friendly and looks out for pets that have escaped their yards. Probably 80% of the neighborhood are pet owners. I "
    0
    Flag
  • lexbrus
    "great neighbors. easy commute. new meijer opened. new restaurants and breweries are opening up. black circle brewerie has a very nice crowd of friendl, yougnang and successful people."
    9
    Flag
  • Ltippinsiu
    "We can walk to 25 restaurants (Not chains) and two playgrounds. There’s a paved biking path across the street that connects easily to downtown. 1/3 of an acre in the city is a gem. There are many parks within a 20 minute drive, including state parks. Good local coffees and brews. Theater And paddling- even equestrian opportunities. Great schools too! "
    0
    Flag
  • Brookelinder
    "my neighborhood really isn’t unique. it’s a bunch of cookie cutter homes. Too many HOA rules, and fees are incredibly high. "
    0
    Flag
  • Tenille D.
    "My neighborhood is quiet, everyone is nice & respectful, can ride your bike to anywhere you want to go. Perfect location & crime rate is super low! "
    0
    Flag

Local Legal Protections

LGBTQ • Source of Income

Price and Tax history

DateEventPrice
Sep 10, 2026
Source: Zillow Rentals
PriceChange
$1,850
Price increased by 1%
Sep 3, 2026
Source: Zillow Rentals
PriceChange
$1,825
Price decreased by 1%
Jul 15, 2026
Source: Zillow Rentals
Listed For Rent
$1,850
Aug 13, 2025
Source: Zillow Rentals
ListingRemoved
$1,700
Jul 26, 2025
Source: Zillow Rentals
PriceChange
$1,700
Price decreased by 6%
TRES - Tressler Real Estate Services
TPM JASON TRESSLER

Frequently asked questions about 1238 E 49th St

  • What income do you need to rent 1238 E 49th St?
    Most landlords look for monthly gross income of about 3× rent, or roughly $65K per year to rent 1238 E 49th St in Indianapolis, IN at $1,850/mo.
  • What is the pet policy at 1238 E 49th St?
    1238 E 49th St in Indianapolis, IN allows cats and small dogs.
  • How does the rent for 1238 E 49th St compare to similar 3-bedroom houses in Fairgrounds?
    1238 E 49th St in Indianapolis, IN rents about 4% above the area average for 3-bedroom houses in Fairgrounds ($1,772/mo).
  • What are the closest schools to 1238 E 49th St?
    The closest schools to 1238 E 49th St in Indianapolis, IN are Arlington Community Middle School (rated 2/10), Arsenal Technical High School (rated 2/10), Broad Ripple Middle School - An IB World School (rated 3/10).
  • Does 1238 E 49th St have laundry facilities?
    Yes, 1238 E 49th St in Indianapolis, IN has in-unit laundry.
  • Does 1238 E 49th St have parking?
    Yes, 1238 E 49th St in Indianapolis, IN has on-site parking.

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
$66,600 PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

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1238 E 49th St, Indianapolis, IN is a 3 bedroom, 1 bathroom, 1,224 sqft single-family home. 1238 E 49th St is located in Fairgrounds, Indianapolis. 1238 E 49th St was listed for rent for $1,850/month on Jul 14, 2026. This property is pet friendly.