The average monthly rent of apartments in Beech Grove, IN is $1,175.
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Rental prices in Beech Grove, IN have increased by 0.71% over the past year. The average rent moved from $1,167 to $1,175.
Compared to the national average rent of $1,741, the average rent in Beech Grove, IN is $1,175.
The average monthly rent of apartments in Beech Grove, IN is $1,175.
About 3% of apartment rents in Beech Grove, IN range between $1,501-$2,000. Around 88% of Indianapolis’s apartments are in the $1,001-$1,500 price range. 9% of apartments are priced ≤ $1000.
The largest share of rentals in Beech Grove, IN (88%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Beech Grove, IN is $1,194.
In Beech Grove 45% of the housing is rented out compared to 55% of homes are owned, according to the most recent Census Bureau estimates. 7% of Beech Grove's apartments are found in large buildings of 50 units or more, 72% are located in smaller apartment complexes with less than 50 units, and 21% are single-family rentals.
The average age of rental buildings in Beech Grove is 34 years old, with 35% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 8% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Beech Grove are around 3% of rentals, while 1-bedroom floor plans represent 37% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Beech Grove is a city in the southeast portion of Marion County, Indiana. It’s recognized for its multiple parks, convenient location, affordability and calm lifestyle. Renters here enjoy the benefits of living in a small city, while also being near the amenities of a large city. The weather in Beech Grove is characterized by hot, humid summers and mild to cool winters. Average temperatures vary between 18°F and 84°F during the cold and hot months and rarely spike or drop drastically. There is some precipitation in the form of snow and rain, but the weather generally remains pleasant. However, due to the city’s position, renters should be wary of the storm and tornado activities in the area, though most warnings are minor and brief.
When looking for rentals in Beech Grove, you’ll mostly find single-family homes, townhomes and apartment communities for rent. The central area has a mixture of affordable apartments for rent and flat-level homes with one to three bedrooms. On the other hand, the northwest part of the city mainly has split-level, single-family homes and townhomes for rent with luxury amenities and higher rent prices. Beech Grove landlords may require a security deposit and renter’s insurance, although these are not mandatory or regulated by law. However, they do have to maintain the rental unit in a habitable state and provide the renter with timely written notice if they want to increase the rent or terminate the lease. Meanwhile, the payment of utilities is agreed upon between the parties, but it’s typically the renter’s responsibility.
As a small city, Beech Grove shopping is limited to a few areas throughout the city. Churchman Hill Plaza is the main shopping hub where renters can find some big-box stores, while Marketplace on Main is a street lined with unique antique craft stores and locally owned shops. While the shopping opportunities are few, renters are nevertheless within a short distance from Greenwood Park Mall, a large shopping mall with multiple brand stores. Walgreens, Walmart, Dollar General, and Kroger are the big-box grocery and home goods chains where renters do their everyday shopping.
The city of Beech Grove is walkable and has some marked bike lanes and trails, although most neighborhoods still require renters to use a car to do most errands. Because it’s located near three major interstates, those renting in Beech Grove and commuting to other areas by car have quick road access in several directions. Interstate 465 is the main thoroughfare extending on the city’s south border. It intersects with Interstate 74 northeast of the city’s boundary and Interstate 65 just southwest of the city. IndyGo, served by the Indianapolis Public Transportation Corporation, is the primary public bus transportation provider with several stops in the city. Uber and Lyft operate as the leading on-demand ridesharing service providers. The closest major airport to Beech Grove with international flights is Indianapolis International Airport, which is located 19 miles away.
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