Overview

  • Updated On:
  • 07/06/2026
  • 119110
  • Property ID
  • 3
  • Bedrooms
  • 2
  • Bathrooms

3-Bedroom Townhouse for Rent in Indianapolis, IN 46203 – $2000/mo | 2 Baths | Updated 2025

$ 2,000
601 Terrace Ave #B, Indianapolis

Description

Check out this beautiful home located 601 Terrace Avenue, Indianapolis, IN 46203. A bright, freshly updated space perfect for young families and adults seeking comfort and convenience. This beautifully finished unit features an updated kitchen with modern touches, plenty of counter space, and clean, contemporary styling.

The home offers new flooring throughout and spacious, refreshed bedrooms that provide a comfortable place to unwind. Natural light fills the space, giving it a warm and inviting feel from the moment you walk in.

Located minutes from downtown, Fountain Square, parks, and popular restaurants, this upstairs unit combines modern living with easy access to everything the city has to offer.

Any interested person must fill out a credit & background check prior to moving in.

Tenant responsible for utilities: gas, electric, trash, water, and internet.

Tenant responsible for yard work.

All applicants must meet the minimum qualifications listed below.

Required Documents and Screening Criteria:

Valid SS#

Gross monthly household income must meet or exceed 3xs the rent, either individually or combined.

Each applicant over 18 must complete a rental application.

A copy of your current Photo ID must be provided with each completed rental application.

A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application.

A background check on all applicants over 18 will be run through a third-party credit agency.

No evictions or unpaid judgements from previous landlords

Credit score must be at least 650

No smoking in the house

Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner.

Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed.
Check out this beautiful home located at 601 Terrace Ave, Indianapolis, IN 46203. A beautifully updated home in one of Indianapolis’ most convenient and growing neighborhoods. This inviting property offers a bright, open layout perfect for modern living, featuring spacious bedrooms, updated flooring, and stylish finishes throughout. The kitchen provides plenty of counter space and storage, making everyday meals or entertaining a breeze.

Enjoy a private backyard ideal for relaxing, playtime, or weekend gatherings. Located just minutes from downtown, Fountain Square, local parks, and popular dining spots, this home offers the perfect blend of comfort and convenience.

Ideal for young families or adults seeking a clean, well-kept space with access to everything the city has to offer.

Any interested person must fill out a credit & background check prior to moving in.

Tenant responsible for utilities: gas, electric, trash, water, and internet.

Tenant responsible for yard work.

All applicants must meet the minimum qualifications listed below.

Required Documents and Screening Criteria:

Valid SS#

Gross monthly household income must meet or exceed 3xs the rent, either individually or combined.

Each applicant over 18 must complete a rental application.

A copy of your current Photo ID must be provided with each completed rental application.

A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application.

A background check on all applicants over 18 will be run through a third-party credit agency.

No evictions or unpaid judgements from previous landlords

Credit score must be at least 650

No smoking in the house

Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner.

Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed.

Address: 601 Terrace Ave #B
State/County:
Zip: 46203
Country: United States

Property Id: 119110
Price: $ 2,000
Bedrooms: 3
Bathrooms: 2

Energy Class: A+
Energy class A+
A+
A
B
C
D
E
F
G
H
AvailableMax Intelligence

Neighborhood & Market Insights

List price $2,000 Current property price
Area median $1,425 32 comparables
Internal estimate $1,880 - $2,120 Based on area price per sq ft
School district 1 school Provider ready
Walkability & Transit Ready for data
Walk Score Connect location Uses the existing Walk Score setup
Transit Score Pending Shown when Walk Score returns transit coverage
Location signal Indianapolis 601 Terrace Ave #B, 46203, Indianapolis, Indiana
Open Walk Score
Neighborhood Market Strong sample
Median list price $1,425
Median price per sq ft $1.15
Trend lens Current active inventory
Valuation source Internal market model
This property $2,000
Area median $1,425
Estimate lens $2,000

This property is 40.4% above the current neighborhood median.

Price History Listing timeline
12/13/2025 Listed $2,000
07/06/2026 Last updated $2,000
Schools & District Provider ready
Schools Indianapolis Ready for school data provider mapping.

The schools block is active and ready for district, ratings, and assigned-school provider data.

Estimated Value History Trend ready
12/13/2025 Listing baseline $2,000
07/06/2026 AvailableMax estimate range $1,880 - $2,120

0.0% modeled change across available points

Indianapolis Indiana 46203
Data sources
Walk Score setup AvailableMax active listings AvailableMax market model School metadata Listing and valuation history

$ 13.69
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11.19

Transport
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Restaurants
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Important Listing Information

Property ID: 119110

Property Address: 601 Terrace Ave #B, Indianapolis, Indiana, 46203

Property details, pricing, availability, photos, dimensions, neighborhood information, and energy-related data may be provided by the property owner, listing agent, user submissions, or third-party data sources. Information may change without notice and should be independently verified before making any real estate, financial, or legal decision.

AvailableMax is a U.S.-based real estate technology platform that enables listing visibility and direct connections between users. AvailableMax does not represent buyers, sellers, landlords, or tenants in real estate transactions, and does not provide brokerage, legal, lending, or closing services unless expressly stated otherwise.

Photos, media, and listing content may be uploaded by users or supplied by third-party sources. Availability, accuracy, completeness, ownership, and usage rights of submitted materials are the responsibility of the submitting source.

Energy-related metrics and similar property attributes may be estimate-based or source-provided and may not reflect official governmental or certified assessments.

Data last updated: July 6, 2026 — 4:13 AM

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