Photos
- 3BR, 2.5BAHome
- $2,030Price
- 2,504Square Feet
- 03-23-2026Availability
Rent and Fees
Unit Price
- $2,030
About 5531 Fair Ridge Pl
Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant. This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve this home for a $500 non-refundable holding fee until it's ready for move-in. This fee must be paid within 24 hours of being pre-qualified and will be applied to your first month’s rent if you enter into a lease for this home. Interested in this home? You clearly have exceptional taste. This charming 3.0-bedroom, 2.5-bathroom home is not only pet-friendly, but also equipped with smart home features to make everyday life more convenient and connected. Homes like this don’t stay on the market for long—don’t miss your chance to make it yours. Apply today! The Homeowners Association (HOA) for this home has a separate application process that applicants will need to complete in addition to Progress Residential's application. This includes self-registering with the HOA, completing the HOA's approval process, and paying any fees required by the HOA. Some images have been virtually staged to help showcase the potential of spaces in the home. The furnishings shown are for illustrative purposes only and are not included in the home.
5531 Fair Ridge Pl is located in the Valley Mills Neighborhood and 46221 Zip code of Indianapolis, IN.
Property Contact Info
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
Utilities & Essentials
- utilitiesAdminFeeiCharged per unit$4.99/mo
- smartHomeFeeiCharged per unit$19.99/mo
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
On-Site Services
- Garden Style
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
Map
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about 5531 Fair Ridge Pl
What type of rentals are available at 5531 Fair Ridge Pl?
There is currently a 3 Bed 2 Bath Home for rent with 2,504 listed at 5531 Fair Ridge Pl. It is Available March 23, 2026.
How much is the rent at 5531 Fair Ridge Pl?
5531 Fair Ridge Pl is currently listed at $2,030.
What area of town is 5531 Fair Ridge Pl located in?
Located in the Valley Mills Neighborhood, 5531 Fair Ridge Pl is in the 46221 Zip Code of Indianapolis, IN.
Nearby Schools
Decatur Central High School
Decatur Middle School
Valley Mills Elementary School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from 5531 Fair Ridge Pl.
Arts Museums and Landmarks
Big Box and Retail
Kroger
Menards
Autozone
Colleges and Universities
Groceries
Kroger
Meijer
Aldi
Hospitals
Franciscan Health Mooresville
Assurance Health Psychiatric Hospital
Iu Health West Hospital
Parks and Recreation
5531 Fair Ridge Pl has 4 parks within 11.1 miles, including Garfirled Conservatory, White River State Park, Benjamin Harrison House, and SpaceQuest Planetarium.
Restaurants and Dining
Shopping Centers
5531 Fair Ridge Pl has 5 shopping centers within 3.4 miles.
Nearby Neighborhoods
Nearby Apartments
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,170 | $595 | $5,240 |
| Indianapolis 1 Bedroom Apartments | $1,370 | $539 | $5,335 |
| Indianapolis 2 Bedroom Apartments | $1,638 | $563 | $5,444 |
| Indianapolis 3 Bedroom Apartments | $2,004 | $900 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,606 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $8,848 | $1,000 | $10,000+ |
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