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118 E Palmer St #120

Indianapolis, IN 46225 - Marion County

Apartment

Studio

1 bath

600 sqft

Cats & dogs OK

About 118 E Palmer St #120

This is a perfect unit for someone who is always on the go but needs a nice space for relaxation when the dust settles at the end of the day. The unit has vinyl flooring throughout for easy maintenance and comes furnished with kitchen appliances. The location is perfect as you can be in the heart of Indianapolis after a short commute and you have easy access to the interstate if you need to get out of the city for a weekend. There is a $75 charge each month for water/sewer/trash.

All Wilmoth Group 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.

9 days on RentalSource

RentalSource last checked: 6 hours ago · Listing updated: November 13, 2026

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Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.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:	$645
Bedrooms:	Studio
Bathrooms:	1 bath
Size:	600 sqft

Pets:	Cats & dogs
Laundry:	Inquire
Parking:	Inquire
Available:	Now
ID:	84699213

Amenities

Furnished
Refrigerator
Vinyl/Laminate Floors

Leasing Information

Lease term: 12 months.

Fees

Resident Benefit Package $55 (mandatory, monthly).
Water/Sewer/Gas $75 (mandatory, monthly).
Security deposit $745 (mandatory, refundable, move-in).

Additional Details

This studio apartment at 118 E Palmer St #120 in Indianapolis, IN 46225 rents for $645 a month. It has 600 square feet and is pet friendly. 118 E Palmer St #120 was advertised by Wilmoth Group on November 5, 2026.

How the Rent Compares

At $645 a month, this apartment is 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

44 daysAverage time they have been listed

See studios for rent in Indianapolis

Rent History

The rent has dropped from $675 to $645 since it was listed on November 5.

Rent history for this home, newest first
Date	Event	Rent	Change
November 13, 2026	Price change	$645−4.4%	−4.4%
November 5, 2026	Listed for rent	$675

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

Affordability Calculator

Can I afford to live at 118 E Palmer St #120?

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

$31,000 /year

With your chosen rent-to-income ratio, an annual income of $31,000 is recommended to comfortably afford this studio rental priced at $645 per month ($775 with required fees).

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

Commute

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