5221 Melrose Avenue – photo 1
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5221 Melrose Avenue

📍 5221 Melrose Avenue, Indianapolis, IN 46241

Monthly Rent

$1,440

Bedrooms

3 bd

Bathrooms

1 ba

Updated over a month ago

📋 Property Overview

3 bd / 1 ba rental in Park Fletcher, Indianapolis, Indiana. Monthly rent is $1,440. The unit features refrigerator, range, recently renovated and walk in closets. The building offers pet friendly and parking. Pets are allowed. Leases run 12 months. Availability: Available now. The Walk Score here is 22, meaning most errands need a car. That is 7% above the local median of $1,350.

🚶 Getting Around

  • Walk Score22/100

    Car-Dependent

3 bedroom · typical rent nearby$1,845

Market trend: Falling · as of August 2026

💵 Costs & Lease

Deposit
$1,440
Lease length
12 months
Units available
1 unit

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

  • 3 Bed, 1.0 Bath3 bd · 1 ba$1,4401 unit available

🧾 Move-in Costs & Lease

Security deposit
$1,440
Lease length
12 months
Available
Available now
Application fee
$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Estimated range for Indiana at $20,000 – $24,999 of personal property

$14–$16/ monthEstimate — not a quote

About $177–$185 a year.

Based on what Indiana renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 388,827 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote

🏠 Inside the Home

  • Recently renovated
  • Walk in closets
  • Range
  • Refrigerator

🏢 In the Building

  • Pet friendly
  • Parking

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets
Allowed

✨ Features & Details

  • Pet friendly
  • Parking
  • Recently renovated
  • Walk in closets
  • Range
  • Refrigerator
  • 0 sq ft

📊 Property Facts

Walk Score
22 · Car-Dependent
Transit Score
0 · No Nearby Transit

🎓 Nearby Schools

  • Maplewood Elementary School · PK-62/10 · 0.4 mi
  • Lynhurst 7th & 8th Grade Center · 7-84/10 · 1.1 mi
  • Ben Davis University High School · 10-125/10 · 1.3 mi
  • Stout Field Elementary School · PK-64/10 · 1.3 mi
  • Rhoades Elementary School · PK-62/10 · 1.3 mi
  • Garden City Elementary School · PK-63/10 · 1.6 mi
  • McClelland Elementary School · K-66/10 · 1.7 mi
  • Stephen Decatur Elementary School · 1-62/10 · 2.2 mi
  • Westlake Elementary School · K-63/10 · 2.6 mi
  • Stephen Foster School 67 · PK-61/10 · 2.9 mi

🏡 Floor Plans

  • 3 Bed

    Availability: available

    $1,440

❓ Frequently Asked Questions

$1,440

per month

Available Now
3 bd
1 ba

Use the buttons at the bottom of the screen to schedule a tour or apply online. Applications are reviewed within 1–3 business days.

💬 Questions about this property?

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