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- 3BR, 1BA Townhome
- $1,550 Pricing
- 1,300 Square Feet
- 05-01-2026 Availability
Unit Rent and Fees
Unit Price
- $1,550
About 5039 N College Ave
Updated 3-Bedroom Single-Family Home in SoBro Discover a beautifully renovated half of a duplex in desirable SoBro, Indianapolis. Built in 1924 and thoughtfully updated for modern living, this spacious rental blends historic character with contemporary finishes—ideal for renters seeking a comfortable, stylish home close to the Monon Trail, local restaurants, and neighborhood shops.Notable Upgrades and Finishes The interior has been freshly painted and features original hardwood floors that run throughout the living spaces. The kitchen showcases stainless steel appliances, new cabinets and counter tops and a dishwasher. Thoughtful Layout and Comfortable Living This three-bedroom, one-bath layout offers generous room sizes within a single-family unit format, providing privacy and a true home feel compared to typical apartment living. The floorplan flows naturally from an inviting living area into the updated kitchen, making the space well-suited for entertaining or relaxed daily routines.Modern Comforts and Practical Features Central air ensures year-round comfort, while in-unit laundry adds convenience and time savings. Renovated systems and fresh finishes mean fewer immediate maintenance concerns, allowing you to enjoy the home from day one. Driveway parking provides on-site convenience, and lawn care is included with rent, simplifying outdoor upkeep.Outdoor and Parking Details The property includes a dedicated driveway for parking and low-maintenance yard care as part of the rental, so you can spend more time enjoying nearby trails and city amenities rather than routine outdoor chores.Prime SoBro Location Located in the vibrant SoBro neighborhood, this home places you within walking or biking distance to the Monon Trail, popular eateries, boutique shops, and neighborhood services. The area’s mix of green space and urban convenience offers an active, walkable lifestyle while remaining well-connected to broader Indianapolis destinations.Lease Information and Move-In Considerations Rent for this renovated single-family unit is $1,550 per month with a security deposit of $1,300. This unit is not offered on a month-to-month basis. For renters seeking a balance of historic charm, modern upgrades, and a prime SoBro location, this property presents an attractive option.Schedule a Tour Experience the combination of original character and contemporary updates in person—this home’s thoughtful finishes, practical amenities, and convenient location make it a standout rental in Indianapolis.First month's rent is due prior to moving in.No EvictionsNo Bankruptcies in the past 7 years.May deny due to violent Felonies or Felonies involving narcoticsThe security deposit and cleaning fee is due when signing the lease.
5039 N College Ave is located in the Fairgrounds Neighborhood and 46205 Zip code of Indianapolis, IN.
Property Contact Info
Fees and Policies
Pet Policy and Fees
CatsAllowedDogsAllowedProperty 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
Interior Features
- Washer/Dryer
Living Area Features
- Hardwood Floors

Map
- Shopping
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- Parks

Map
Frequently Asked Questions about 5039 N College Ave
What type of rental is available at 5039 N College Ave?
There is currently a 3 Bed 1 Bath Townhome for rent with 1,300 sq ft listed at 5039 N College Ave. It is Available May 1, 2026.
How much is the rent at 5039 N College Ave?
The rental at 5039 N College Ave is currently listed at $1,550.
What area of town is 5039 N College Ave located in?
Located in the Fairgrounds Neighborhood, 5039 N College Ave is in the 46205 Zip Code of Indianapolis, IN.
Points of Interest
Time and distance from 5039 N College Ave.
Arts Museums and Landmarks
Big Box and Retail
Safeway
Goodwill
Lowe's
Colleges and Universities
Ivy Tech Community College - Downtown Indianapolis Campus
Groceries
The Fresh Market
Safeway
Save-A-Lot
Hospitals
Indiana University Health
Eskenazi Health
Riley Hospital For Children
Military Bases
Naval Avionics Center
Parks and Recreation
5039 N College Ave has 5 parks within 7.6 miles, including SpaceQuest Planetarium, Benjamin Harrison House, White River State Park, Caribbean Cove, and Garfirled Conservatory.
Restaurants and Dining
Shopping Centers
5039 N College Ave has 5 shopping centers within 1.1 miles.
Nearby Neighborhoods
Nearby Apartments
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,172 | $590 | $4,832 |
| Indianapolis 1 Bedroom Apartments | $1,382 | $597 | $4,126 |
| Indianapolis 2 Bedroom Apartments | $1,637 | $545 | $5,744 |
| Indianapolis 3 Bedroom Apartments | $2,021 | $626 | $7,890 |
| Indianapolis 4 Bedroom Apartments | $1,845 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $8,916 | $950 | $10,000+ |
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