Street view of 2635 Lullwater Ln
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$1,495/mo
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2635 Lullwater Ln

Indianapolis IN 46229 · Single Family
3 bd2 ba1,150 sqft
-15% Below typical
Asking $1,495/mo · typical for 46229, 3 bd: $1,750/mo · HUD fair-market (market-adjusted) $1,435
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)

$1,495/moAsking rent
$1,750Typical asking · 46229 · 3 bd
-15%Below typical
$1,435HUD fair-market rent · adjusted
$1.30Rent per sq ft / mo
69Days listed

The rent

Asking rent
$1,495/mo
Typical asking rent
$1,750/mo median of current listings, same ZIP + bedrooms
Difference
-15% Below typical
HUD fair-market rent
$1,750/mo FY2027 Small Area FMR · adjusted $1,435
Rent per sq ft
$1.30/mo
Security deposit (typical)
$1,495 one month is the Indiana norm; ask the landlord

The property

Beds / baths
3 / 2
Living area
1,150 sq ft
Lot
0.138 acres
Year built
—
Property type
Single Family
HOA
None on record
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
—
Listed
Jul 25, 2026
Days on market
69
Listing agent
Not on the feed — use the official listing link
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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