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1531 S Talbott St #12

Indianapolis, IN 46225 - Marion County

Apartment

Studio

1 bath

500 sqft

Cats & dogs OK

About 1531 S Talbott St #12

This large studio tucked away in the heart of Indianapolis is ready for its next occupant. Not only is this apartment extremely affordable but it provides a unique opportunity for a tenant to have a separate living space from their kitchen and dining area giving the unit a much bigger feel. This property is located near public transportation lines and occupants will also have easy access to the interstate making commuting around the city a breeze. There are also local shops, restaurants, and other attractions close by. Tenants will have access to off street parking behind the building and there will also be a $60 charge each month for water/sewer/trash.

All residents will be enrolled in a Resident Benefits Package (RBP) and these packages range from $45 - $55 per month and include benefits such as liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more. More details upon application. Amenities: Range/Oven. Parking: on-street.

7 days on RentalSource

RentalSource last checked: 5 hours ago · Listing updated: 5 hours ago

Managed by Wilmoth Group · (317) 978-6114

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$595
Bedrooms:	Studio
Bathrooms:	1 bath
Size:	500 sqft

Pets:	Cats & dogs
Laundry:	Inquire
Parking:	Yes
Available:	Now
ID:	84704170

Amenities

Parking
Hardwood Floors
Public Transportation
Refrigerator
Vinyl/Laminate Floors

Leasing Information

Lease term: 12 months.

Fees

Resident Benefit Package $45 (mandatory, monthly).
Water/Sewer/Trash $69 (mandatory, monthly).
Security deposit $695 (mandatory, refundable, move-in).

Additional Details

This studio apartment at 1531 S Talbott St #12 in Indianapolis, IN 46225 rents for $595 a month. It has 500 square feet and is pet friendly. 1531 S Talbott St #12 was advertised by Wilmoth Group on November 6, 2026.

How the Rent Compares

At $595 a month, this apartment is well below the typical rent for studio apartments and condos in Indianapolis (about $840).

From 44 studio apartments and condos listed in Indianapolis on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.

$840Typical rent for studio apartments and condos in Indianapolis

$750–$1,000Middle half of their rents

43 daysAverage time they have been listed

See studios for rent in Indianapolis

Rent History

The rent has dropped from $625 to $595 since it was listed on November 6.

Rent history for this home, newest first
Date	Event	Rent	Change
November 13, 2026	Price change	$595−4.8%	−4.8%
November 6, 2026	Listed for rent	$625

These are listed prices. What renters actually paid may have been different.

Affordability Calculator

Can I afford to live at 1531 S Talbott St #12?

Bedrooms

Studio

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$28,360 /year

With your chosen rent-to-income ratio, an annual income of $28,360 is recommended to comfortably afford this studio rental priced at $595 per month ($709 with required fees).

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Commute

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