Street view of 350 N Meridian St
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$2,650/mo
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350 N Meridian St

Indianapolis IN 46204 · Condo · built 1924
2 bd2 ba1,520 sqft
+20% Above typical
Asking $2,650/mo · typical for 46204, 2 bd: $2,200/mo · HUD fair-market (market-adjusted) $1,820
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)

$2,650/moAsking rent
$2,200Typical asking · 46204 · 2 bd
+20%Above typical
$1,820HUD fair-market rent · adjusted
$1.74Rent per sq ft / mo
71Days listed

The rent

Asking rent
$2,650/mo
Typical asking rent
$2,200/mo median of current listings, same ZIP + bedrooms
Difference
+20% Above typical
HUD fair-market rent
$2,220/mo FY2027 Small Area FMR · adjusted $1,820
Rent per sq ft
$1.74/mo
Security deposit (typical)
$2,650 one month is the Indiana norm; ask the landlord

The property

Beds / baths
2 / 2
Living area
1,520 sq ft
Lot
—
Year built
1924
Property type
Condo
HOA
$801/mo
Flood zone
None (Zone X)
Registered rental
Yes — registered with the city

The listing

Source
Standard
MLS #
22121141
Listed
Aug 21, 2026
Days on market
71
Listing agent
Kim Pickett · CENTURY 21 Scheetz
3178145500 · kpickett@c21scheetz.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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