Street view of 11539 Hidden Bay
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$1,650/mo
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11539 Hidden Bay

Indianapolis IN 46236 · Condo · built 1993
2 bd2.5 ba1,268 sqft
-13% Below typical
Asking $1,650/mo · typical for 46236, 2 bd: $1,886/mo · HUD fair-market (market-adjusted) $1,886
How we check rent

Typical = the median of rentals asking right now with the same bedroom count in the same ZIP (our monthly comps). When there are too few comps we use HUD's FY2027 Small Area Fair Market Rent scaled by 0.82, the ratio Indianapolis landlords actually ask versus HUD. Orientation only, not a guarantee of any rent.

Is the rent fair?

The numbers (estimates, illustrative)

$1,650/moAsking rent
$1,886Typical asking · 46236 · 2 bd
-13%Below typical
$1,886HUD fair-market rent · adjusted
$1.30Rent per sq ft / mo
121Days listed

The rent

Asking rent
$1,650/mo
Typical asking rent
$1,886/mo HUD SAFMR, market-adjusted
Difference
-13% Below typical
HUD fair-market rent
$2,300/mo FY2027 Small Area FMR · adjusted $1,886
Rent per sq ft
$1.30/mo
Security deposit (typical)
$1,650 one month is the Indiana norm; ask the landlord

The property

Beds / baths
2 / 2.5
Living area
1,268 sq ft
Lot
1,742 sq ft
Year built
1993
Property type
Condo
HOA
None on record
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
22105881
Listed
Jun 3, 2026
Days on market
121
Listing agent
Evona Watson · Triple E Realty, Llc
3172103637 · evona@tripleerealty.com
Price history
No changes recorded
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Questions about this rental, the neighborhood, or what a fair rent is?

We own and manage rentals in Indianapolis ourselves. This listing is not ours, but ask anything and our team replies within one business day. Free.

All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.

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