Street view of 603 N Tibbs Ave
1 / 6
$675/mo
MLS Street view
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603 N Tibbs Ave

Indianapolis IN 46222 · Single Family · built 1942
1 bd1 ba570 sqft
-7% Fair rent
Asking $675/mo · typical for 46222, 1 bd: $725/mo · HUD fair-market (market-adjusted) $1,009
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)

$675/moAsking rent
$725Typical asking · 46222 · 1 bd
-7%Fair rent
$1,009HUD fair-market rent · adjusted
$1.18Rent per sq ft / mo
32Days listed

The rent

Asking rent
$675/mo
Typical asking rent
$725/mo median of current listings, same ZIP + bedrooms
Difference
-7% Fair rent
HUD fair-market rent
$1,230/mo FY2027 Small Area FMR · adjusted $1,009
Rent per sq ft
$1.18/mo
Security deposit (typical)
$675 one month is the Indiana norm; ask the landlord

The property

Beds / baths
1 / 1
Living area
570 sq ft
Lot
62,291 sq ft
Year built
1942
Property type
Single Family
HOA
None on record
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
22128628
Listed
Sep 29, 2026
Days on market
32
Listing agent
Maxwell Richter · Wilmoth Group
3178423400 · maxr@wilmothgroup.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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