This neighborhood, located just southeast of downtown, ranks as Indy’s second-most walkable neighborhood, with a walk score of 73. Kenny and Zhang love Fountain Square for its walkability. North Mass Boulder, a rock-climbing gym, and Kan-Kan Cinema and Brasserie, an arthouse cinema, also attract people. A little further east, you’ll find everything from galleries to breweries in the Circle City Industrial Complex. Nearby Mass Ave offers many popular restaurants and bars, not to mention Bottleworks – a Coca-Cola bottling plant turned into an entertainment district. Restaurants such as Tinker Street and Festiva regularly draw crowds of diners, as do bars like West Fork Whiskey Co.
The neighborhood offers easy access to dining and entertainment with the Monon Trail, Indianapolis Cultural Trail and Pogues Run Trail converging nearby. The area is home to Herron-Morton Place or the Cottage Home district, and between them rests charming, well-maintained apartment buildings and condos to rent or buy.
The Old Northside sits atop downtown, with its palatial homes and towering trees reminiscent of Indianapolis’ Civil War-era past. Interested in renting in or near Indianapolis? Let’s dive into a few neighborhoods and what they have to offer.
With two roommates, the rent drops to $600 each, saving her $1,000 per month. She notes that a one-bedroom apartment near downtown might go for $1,600 per month, but a three-bedroom house outside of downtown might cost $1,800 per month. Kenny, for instance, prefers renting a home because the economics work in her favor. Moreover, the diversity of rental options means tenants can find their “dream” apartment or house without a lot of compromise. Renting an apartment in Indianapolis is about $550 less than the national average. Because renters can often walk, bike or drive between popular neighborhoods in minutes, they gain greater flexibility in where they choose to live. The rental market in Indianapolis offers advantages that other cities do not, starting with accessibility. “Indianapolis, overall, it’s a hidden gem that not many people know of,” Zhang says. It’s a major attraction for many renters, especially those who enjoy easy access to the outdoors.Īccessibility is a big reason Lauren Kenny, an Orr Fellow at the Indy Chamber, and Luke Zhang, a data scientist for the consulting firm Resultant, chose to move to Indianapolis after college. Take the Monon Trail – this rails-to-trails paved path stretches more than 25 miles from downtown Indianapolis through three major Hamilton County suburbs. “I think there’s some key opportunities to increase the density of housing, especially affordable housing and workforce housing along the Red Line,” Andrews said.Connected by 153 miles of trails and about 100 miles of bike lanes, Indianapolis, IN, is a renter’s dream, as you can live almost anywhere in the city and have access to its best things to see and do. The move aligns with the department’s aim to increase transit-oriented development. “From a housing perspective in particular, so we're seeking fiscal appropriation from the CIty-County Council,” Andrews said. Department of Metropolitan Development Director Scarlett Andrews said the city received interest in the site after a request for ideas. The Department of Metropolitan Development is requesting more than $2 million to buy the Drake and other potential property on the North Meridian corridor for affordable workforce housing.įuture development for the Drake has been in question, as the museum and the city are still locked in a legal battle over the historic designation of the building.īut the city says recent conversations with the museum have been productive. The building, which is owned by the museum, has been vacant since 2016. The Drake is an eight-story, 1920s apartment building on the campus of The Children’s Museum of Indianapolis. The city of Indianapolis is trying to acquire a historic apartment building on Indianapolis’ north side.
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