This 1-bedroom, 1-bathroom apartment at 412 Doctor Martin Luther King Dr in Anderson, IN 46016 rents for $545 a month. It has 450 square feet and is pet friendly.
Reduced Price. Cute 1 Br 1 Ba downstairs apartment near downtown with new paint and off-street parking. All electric unit. Small dogs only.
47 days on RentalSource
RentalSource last checked: 1 hour ago · Listing updated: October 25, 2026
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Property Summary
Property Type:
Apartment
Rental Fee:
$545
Bedrooms:
1 bed
Bathrooms:
1 bath
Size:
450 sqft
Pets:
Cats & dogs
Laundry:
Inquire
Parking:
Yes
Available:
Now
ID:
84389897
Amenities
•Parking
•Electric Range
•Refrigerator
Leasing Information
Fees
•Deposit $545 (mandatory, refundable, move-in).
How the Rent Compares
At $545 a month, this apartment is well below the typical rent for 1-bedroom apartments and condos in Anderson (about $780).
Typical $780This home $545
$1,140
From 28 one-bedroom apartments and condos listed in Anderson on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$780Typical rent for 1-bedroom apartments and condos in Anderson
The rent has dropped twice since it was listed on September 15, from $625 to $545.
Rent history for this home, newest first
Date
Event
Rent
Change
October 23, 2026
Price change
$545−8.4%
−8.4%
October 2, 2026
Price change
$595−4.8%
−4.8%
September 15, 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 412 Doctor Martin Luther King Dr?
Bedrooms
1 bedroom
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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
$21,800 /year
With your chosen rent-to-income ratio, an annual income of $21,800 is recommended to comfortably afford this 1-bedroom rental priced at $545 per month.