Welcome to 5505 Straw Hat Dr, a beautiful and inviting home situated on the desirable Southeast side of Indianapolis. Located in a peaceful neighborhood setting, this property offers a fantastic suburban lifestyle while maintaining excellent connectivity to I-65, local dining, shopping centers, and an easy commute to downtown Indianapolis.
Home Features & Upgrades. Appliances Included: The bright and spacious kitchen comes fully equipped with a refrigerator, range/oven, and dishwasher, offering plenty of room for everyday cooking and meal prep.
Heating & Cooling: Stay perfectly comfortable through every Indiana season with central air conditioning and a forced-air heating system.
Laundry: The home includes dedicated in-unit washer and dryer hookups for your convenience.
Recent Updates: Move right in and enjoy a beautifully maintained interior featuring clean, neutral paint tones, modern fixtures, and updated flooring throughout the main living spaces.
Outdoor Living & Parking. Parking: Keep your vehicles secure and protected from the elements with an attached garage, plus a private driveway providing ample off-street parking for residents and guests.
Outdoor Spaces: Step outside to enjoy a spacious backyard-perfect for hosting weekend cookouts, relaxing in the fresh air, or enjoying a quiet evening at home.
Amenities: Set in a wonderful residential community, you are perfectly positioned near excellent local parks, walking paths, and highly rated neighborhood schools.
Lease Details & Policies. Utilities: The tenant is fully responsible for all utilities at this property, including water, electricity, gas, and trash collection. Skip the hassle of calling multiple utility companies.... All applicable utilities remain in Red Door Property Management's name, which means you enjoy no utility credit checks, no hefty utility deposits, and the convenience of paying all your utility bills through one simple portal. The required fees for this service are a $25 one-time activation fee, a $15 monthly service fee, and a $25 one-time deactivation fee.
Pet Policy: We love your furry friends. In accordance with our mandatory pet policy, 3 Pets allowed.
Please note- In addition to the monthly rent, a Resident Benefits Package fee of $45/ month will be applied. This includes your renter's insurance, liability insurance, HVAC filter delivery and much more. Parking: 1 space.
54 days on RentalSource
RentalSource last checked: 20 hours ago · Listing updated: October 25, 2026
This 3-bedroom, 1-bathroom house at 5505 Straw Hat Dr in Indianapolis, IN 46237 rents for $1,700 a month. It has 1,602 square feet and is pet friendly. 5505 Straw Hat Dr was advertised by Red Door Property Management on September 9, 2026.
How the Rent Compares
At $1,700 a month, this house is above the typical rent for 3-bedroom houses and townhouses in Indianapolis (about $1,500).
Typical $1,500This home $1,700
$1,160$2,000
From 274 three-bedroom houses and townhouses listed in Indianapolis on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$1,500Typical rent for 3-bedroom houses and townhouses in Indianapolis
The rent hasn't changed since it was listed on September 9. This home was last listed for rent on RentalSource from February to March 2025 for $1,660. Today's rent is $40 higher.
Rent history for this home, newest first
Date
Event
Rent
Change
September 9, 2026
Listed for rent
$1,700+2.4%
+2.4%
March 13, 2025
Listing removed
$1,660
February 20, 2025
Listed for rent
$1,660+4.1%
+4.1%
December 21, 2023
Listing removed
$1,595
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 5505 Straw Hat Dr?
Bedrooms
3 bedrooms
30%
10%Recommended50%
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
$68,000 /year
With your chosen rent-to-income ratio, an annual income of $68,000 is recommended to comfortably afford this 3-bedroom rental priced at $1,700 per month.
