Markwood Terrace Apartments

Request Notification

920 E Markwood Ave
Indianapolis, IN 46227

1–2 Bedrooms
650–1,026 Square Feet

About Markwood Terrace Apartments

Cozy 1 Bed Apartment Available Near UIndy! - Welcome to Markwood Terrace!! Markwood Terrace is located in a quiet neighborhood in the middle of everything South Indy has to offer. We are minutes from downtown Indianapolis and Garfield Park, a scooter ride from UIndy and the Red Line and within walking distance of Southern Plaza. Located 2 blocks from I-465 you're right next to the highway for weekend getaways. Most of our apartments feature original oak hardwood floors. All have updated HVAC systems and energy efficient water heater and furnace. Call Michelle at 317-716-3432 for a showing and questions. Apartment Features: ~Online Tenant Portal ~Electronic Lease Signing and Online Payments ~Spacious Floor Plans ~Renovated Kitchens - New Cabinetry, Counter tops, and Appliances ~Abundant Closet Space ~Laundry Facilities in the Buildings ~Highly Desirable Area, close to Fountain Square and Downtown Indy ~Large Park-Like Property ~FREE Parking -Pet Friendly (RLNE1937570)

Markwood Terrace Apartments is located in the North Perry Neighborhood and 46227 Zip code of Indianapolis, IN.

Unique Features and Amenities

24 Hour Emergency Maintenance
Assigned Parking
Central Heat
Free Parking
Free Parking!
Green Living Initiative
Individually Metered Electric
Individually Metered Gas
laundry facility in building
Laundry Facility on Site
Laundry Room Area
Living Room
New HVAC, New Windows, Wood Floors
Online Lease Signing and Resident Portal
Pet Friendly Property
Pets allowed in some units
Secure Building
Trash Pickup Included
Trash Pick-Up Included
Walk In Closet
Water/Sewer RUBS

See All Amenities

Property Contact Info

This property currently does not have availability listed on ApartmentHomeLiving.com. Sign up to get notified when it becomes available.Request Availability Alert

Office Hours

Monday	By Appointment
Tuesday	By Appointment
Wednesday	By Appointment
Thursday	By Appointment
Friday	By Appointment
Saturday	Closed
Sunday	Closed

Floorplan Pricing and Availability

1 Bedrooms
2 Bedrooms

1 Bedroom
Sort by
1bd Standard
1 Bed, 1 Bath, 650 sq ft
Available Sep 22
Model Gallery
Photos
Availability Details
Availability Date Unit Sq Ft Deposit Property Map
September 22, 2026 C30 650 $500
Unit C30 Gallery
Property Map
Unit C30 Amenities and Features
Kitchen
Range
Refrigerator
Unique Features
24 Hour Emergency Maintenance
Free Parking
Green Living Initiative
Individually Metered Electric
Individually Metered Gas
Laundry Facility on Site
Online Lease Signing and Resident Portal
Pets allowed in some units
Secure Building
Trash Pickup Included
Water/Sewer RUBS
Unit Description
Celebrate America's 250th Birthday with a Move-In Special! Looking for your next home? For a limited time, apply within 24 hours of your tour, get approved, and we'll credit back your application fee PLUS you'll receive $250 OFF your first month's rent! Don't miss this opportunity to save on your new apartment! Schedule your tour today and take advantage of this limited-time offer. Conveniently located just steps from University of Indianapolis, Markwood Terrace combines comfort, convenience, and value in one exceptional community. Enjoy charming apartment homes featuring beautiful hardwood floors, oversized windows that fill your space with natural light, and central heating and air conditioning for year-round comfort. Our pet-friendly community offers on-site laundry facilities, and spacious floor plans designed with ample storage to fit your lifestyle. Whether you're a student, professional, or anyone looking for a great place to call home, Markwood Terrace provides quality living at an affordable price. With its desirable location and sought-after amenities, apartments at Markwood Terrace lease quickly. Contact us today to schedule your tour—we can't wait to welcome you home!
Apartment Model: 1bd Standard1 Bedroom, 1 Bath, 650 sq ftAvailable September 22, 2026
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Apartment Unit: C30Apartment Model: 1bd Standard1 Bedroom, 1 Bath, 650 sq ftAvailable September 22, 2026
1st Floor One Bedroom
1 Bed, 1 Bath, 700 sq ft
Available Oct 14
Model Gallery
Photos
Availability Details
Availability Date Unit Sq Ft Deposit Property Map
October 14, 2026 C26 700 $500
Unit C26 Gallery
Property Map
Unit C26 Amenities and Features
Kitchen
Disposal
Range
Refrigerator
Unique Features
Free Parking!
Individually Metered Electric
Individually Metered Gas
Laundry Facility in Building
Water/Sewer RUBS
Apartment Model: 1st Floor One Bedroom1 Bedroom, 1 Bath, 700 sq ftAvailable October 14, 2026
1st Floor One Bedroom - Image 1
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Apartment Unit: C26Apartment Model: 1st Floor One Bedroom1 Bedroom, 1 Bath, 700 sq ftAvailable October 14, 2026
2 Bedrooms
? Spacious 2 Bedroom Available! Hardwood Floors! ?
2 Beds, 1 Bath, 1026 sq ft
Model Gallery
Photos
Availability Details
Availability Date Unit Sq Ft Deposit
Unavailable ? Spacious 2 Bedroom Available! Hardwood Floors! ? 1026 sq ft $500
Model Amenities and Features
Kitchen
Range
Refrigerator
Unique Features
Individually Metered Electric
Individually Metered Gas
Trash Pick-Up Included
Water/Sewer RUBS
Apartment Model: ? Spacious 2 Bedroom Available! Hardwood Floors! ?2 Bedroom, 1 Bath, 1026 sq ftUnavailable
? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 1
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? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 3
? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 4
? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 5
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? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 7
? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 8
? Spacious 2 Bedroom Available! Hardwood Floors! ? - Image 9

Availability Date	Unit	Sq Ft	Deposit	Property Map
September 22, 2026	C30	650	$500

Availability Date	Unit	Sq Ft	Deposit	Property Map
October 14, 2026	C26	700	$500

Availability Date	Unit	Sq Ft	Deposit
Unavailable	? Spacious 2 Bedroom Available! Hardwood Floors! ?	1026 sq ft	$500

Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Property Information

36 Units
3 Stories
Built in 1960

Lease Terms

12 mo

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at Application: Application Fee Per ApplicantiCharged Per Applicant.$30.00

Other Fees and Policies

Parking Fees

Surface Lot: Parking FeeiMax of 1. Charged per vehicle.$0.00/mo

Pet Policy and Fees

Cats

Allowed

Dogs

Allowed

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

24 Hour Emergency Maintenance
Assigned Parking
Central Heat
Free Parking
Free Parking!
Green Living Initiative
Individually Metered Electric
Individually Metered Gas
laundry facility in building
Laundry Facility on Site
Laundry Room Area
Living Room
New HVAC, New Windows, Wood Floors
Online Lease Signing and Resident Portal
Pet Friendly Property
Pets allowed in some units
Secure Building
Trash Pickup Included
Trash Pick-Up Included
Walk In Closet
Water/Sewer RUBS

Living Area Features

Walk In Closets

Getting Around

50 / 100 Fairly walkable
Some day-to-day needs are within walking distance
20 / 100 Limited public transit
Transit is available for some trips
40 / 100 Fairly bikeable
Somewhat suitable for bicycle commuting and/or recreation
100 / 100 Exceptionally car friendly
Excellent access to freeways and/or major arteries, with almost no chance of parking problems

Scores provided by

details

Getting to Know the Area

60 / 100 Restaurants
Variety of restaurants within a few minutes
20 / 100 Cafes
Some cafés within walking distance
60 / 100 Nightlife
Several bars within a few minutes
60 / 100 Shopping
Several shops within a few minutes
40 / 100 Parks
Moderate amount of park space nearby
50 / 100 Noise Level
Some sources of noise nearby

Scores provided by

Renters Reviews and Ratings

2.3

3 Renters Reviews

Sort by

Say goodbye to your catalytic converter

August 8, 2022 - Review from Apartments.com

I've lived here for a year and a half- There is NO security, and this are is prime for catalytic converter theft. Mine got stolen twice in less than two months within 3 months of living here, now I just go without one until I move. Maintenance is a joke, the property is unkept, property managers are unhelpful and unpleasant. Prepare for broken glass doors and windows to be the new norm. IF they "fix: anything, they do it in the jankiest way possible. Homeless people constantly sleeping in the ...

buildings either in the hallways or the laundry room that is in each building, or behind the dumpster. Forced to park on the street where people drive screw in your tires, break into your car, or just hit your car. Run. Stay away.

Awesome place to live!

November 16, 2020 - Review from Apartments.com

Close to everything and is the best apartment to meet your needs. With such great pricing it really allows you to get on top of everything else!

No Parking

August 30, 2019 - Review from Apartments.com

Over populated. Force you to park on the street where cars are constantly hit, broken into, and otherwise vandalized. This is all literally next to a sign that says your car will be towed in a mass towing if anyone calls.

Nearby Schools

Perry Meridian Middle School

Perry Township Schools

202 West Meridian School Road

Public School - Grades 6-8 (1278 Students)

In Attendance Zone8 minute drive / 3.8 miles away

Perry Meridian 6th Grade Academy

Perry Township Schools

202 West Meridian School Road

Public School - Grades K-8 (617 Students)

In Attendance Zone8 minute drive / 3.8 miles away

Perry Meridian High School

Perry Township Schools

401 West Meridian School Road

Public School - Grades 9-12 (2455 Students)

In Attendance Zone8 minute drive / 4.1 miles away

Bunker Hill Elementary School

Franklin Township Com Sch Corp

6620 Shelbyville Road

Public School - Grades K-5 (487 Students)

Located Nearby11 minute drive / 5.4 miles away

Property Identified

Abraham Lincoln Elementary School

Perry Township Schools

5241 Brehob Road

Public School - Grades K-5 (633 Students)

In Attendance Zone5 minute drive / 1.7 miles away

School data provided by GreatSchools.

Points of Interest

Time and distance from Markwood Terrace Apartments.

Big Box and Retail

Kroger

5937 Madison Ave

4 minute drive / 1.47 miles away

Walgreens

1808 Albany St

5 minute drive / 2.55 miles away

Walmart

7245 US Highway 31 S

5 minute drive / 2.73 miles away

Groceries

Kroger

5937 Madison Ave

4 minute drive / 1.47 miles away

Aldi

300 S IN- 135

13 minute drive / 6.23 miles away

Military Bases

Naval Avionics Center

16 minute drive / 7.69 miles away

Markwood Terrace Apartments has 4 parks within 7.7 miles, including Garfirled Conservatory, White River State Park, Benjamin Harrison House, and SpaceQuest Planetarium.

Restaurants and Dining

Iaria's Italian Restaurant

317 South College Avenue

9 minute drive / 4.29 miles away

Gabriel's Cafe

320 North Meridian St

10 minute drive / 5.06 miles away

Elements

415 North Alabama Street

10 minute drive / 5.08 miles away

Markwood Terrace Apartments has 5 shopping centers within 0.7 miles.

Rental Price Ranges in the Area

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Indianapolis Studio Apartments	$1,226	$556	$10,000+
Indianapolis 1 Bedroom Apartments	$1,384	$543	$5,239
Indianapolis 2 Bedroom Apartments	$1,662	$650	$10,000+
Indianapolis 3 Bedroom Apartments	$2,009	$795	$8,199
Indianapolis 4 Bedroom Apartments	$2,196	$600	$7,425
Indianapolis 5 Bedroom Apartments	$5,505	$2,192	$10,000+