Street view of 8905 Evergreen Ave
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$1,100/mo
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8905 Evergreen Ave

Indianapolis IN 46240 · Apartment · built 2005
1 bd1 ba750 sqft
-15% Below typical
Asking $1,100/mo · typical for 46240, 1 bd: $1,296/mo · HUD fair-market (market-adjusted) $1,296
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)

$1,100/moAsking rent
$1,296Typical asking · 46240 · 1 bd
-15%Below typical
$1,296HUD fair-market rent · adjusted
$1.47Rent per sq ft / mo
364Days listed

The rent

Asking rent
$1,100/mo
Typical asking rent
$1,296/mo HUD SAFMR, market-adjusted
Difference
-15% Below typical
HUD fair-market rent
$1,580/mo FY2027 Small Area FMR · adjusted $1,296
Rent per sq ft
$1.47/mo
Security deposit (typical)
$1,100 one month is the Indiana norm; ask the landlord

The property

Beds / baths
1 / 1
Living area
750 sq ft
Lot
10.85 acres
Year built
2005
Property type
Apartment
HOA
None on record
Flood zone
None (Zone X)
Registered rental
Yes — registered with the city

The listing

Source
Standard
MLS #
—
Listed
Oct 3, 2025
Days on market
364
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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