Experience charm and modern comfort in Indianapolis. This duplex offers two spacious bedrooms and a stylish full bath. Enjoy elegant hardwood floors and an open layout connecting living and dining areas, perfect for entertaining. Large windows invite natural light, creating an airy atmosphere. Conveniently located near attractions, dining, and shopping, this home is ideal for making cherished memories. Discover cozy sophistication in your next rental. In addition to rent, tenants are responsible to pay the shared monthly water/sewer bill.
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.
This home comes with high speed internet up to 1 Gig at an exclusive group rate of $69, and includes 24/7 premium support and setup to help get you connected at move-in. Amenities: Range/Oven & Dining Room.
60 days on RentalSource
RentalSource last checked: 10 hours ago · Listing updated: November 14, 2026
This 2-bedroom, 1-bathroom apartment at 1040 Division St in Indianapolis, IN 46221 rents for $850 a month. It has 1,022 square feet and is pet friendly. 1040 Division St was advertised by Wilmoth Group on September 16, 2026.
How the Rent Compares
At $850 a month, this apartment is well below the typical rent for 2-bedroom apartments and condos in Indianapolis (about $1,180).
Typical $1,180This home $850
$1,700
From 200 two-bedroom 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.
$1,180Typical rent for 2-bedroom apartments and condos in Indianapolis
The rent has dropped 3 times since it was listed on September 16, from $950 to $850. This home was last listed for rent on RentalSource from March to July 2026, starting at $1,050 and ending at $950. Today's rent is $100 lower.
Rent history for this home, newest first
Date
Event
Rent
Change
November 14, 2026
Price change
$850−2.9%
−2.9%
October 29, 2026
Price change
$875−2.2%
−2.2%
October 7, 2026
Price change
$895−5.8%
−5.8%
September 16, 2026
Listed for rent
$950
July 31, 2026
Listing removed
$950
June 12, 2026
Price change
$950−9.5%
−9.5%
March 28, 2026
Listed for rent
$1,050
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 1040 Division St?
Bedrooms
2 bedrooms
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Recommended income
$38,960 /year
With your chosen rent-to-income ratio, an annual income of $38,960 is recommended to comfortably afford this 2-bedroom rental priced at $850 per month ($974 with required fees).
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