Check out this affordable two bedroom apartment located just south of downtown Indianapolis. This unit comes furnished with kitchen appliances, updated flooring throughout, and a fresh coat of paint. There is plenty of space for relaxation after a hard days' work but efficient enough to not be a maintenance burden. You will be able to enjoy everything downtown Indianapolis has to offer after a short commute but there is also easy access to the highway if you need to get to any of the areas surrounding Indianapolis. Tenants will be charged $100/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.
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. Parking: on-street.
13 hours on RentalSource
RentalSource last checked: 13 hours ago · Listing updated: 13 hours ago
This 2-bedroom, 1-bathroom apartment at 118 E Palmer St #8 in Indianapolis, IN 46225 rents for $775 a month. It has 800 square feet and is pet friendly. 118 E Palmer St #8 was advertised by Wilmoth Group on October 31, 2026.
How the Rent Compares
At $775 a month, this apartment is well below the typical rent for 2-bedroom apartments and condos in Indianapolis (about $1,150).
Typical $1,150This home $775
$1,650
From 190 two-bedroom apartments and condos listed in Indianapolis on RentalSource in October 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$1,150Typical rent for 2-bedroom apartments and condos in Indianapolis
This home was last listed for rent on RentalSource from July 2023 to February 2024, ending at $949. Today's rent is $174 lower.
Rent history for this home, newest first
Date
Event
Rent
Change
October 31, 2026
Listed for rent
$775−18.3%
−18.3%
February 21, 2024
Listing removed
$949
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 118 E Palmer St #8?
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2 bedrooms
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Recommended income
$31,000 /year
With your chosen rent-to-income ratio, an annual income of $31,000 is recommended to comfortably afford this 2-bedroom rental priced at $775 per month.
