$1,840/mo

Price

•

1,408

sq ft

5323 Melbourne Rd, Indianapolis, IN 46228

Building highlights

Available on 10/12/2026Availability

Car dependentWalk Score

2 days on Redfin • 3 views

About 5323 Melbourne Rd

Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant. This home is priced to rent and won't be around for long. Apply now, while we make this home ready for you, or call to arrange a meeting with your local Progress Residential leasing specialist today. Interested in this home? You clearly have exceptional taste. This charming 3.0-bedroom, 2.0-bathroom home is not only pet-friendly, but also equipped with smart home features to make everyday life more convenient and connected. Homes like this don't stay on the market for long--don't miss your chance to make it yours. Apply today! The Homeowners Association (HOA) for this home may have a separate application process that applicants will need to complete in addition to Progress Residential's application. This may involve registering with the HOA, completing its approval process, and paying any required fees. You may also be subject to following additional HOA rules or restrictions. Some images have been virtually staged to help showcase the potential of spaces in the home. The furnishings shown are for illustrative purposes only and are not included in the home.

Contact 5323 Melbourne Rd

Around 5323 Melbourne Rd

Schools
Places
Transit

5/10

Guion Creek Elementary School

Public, K-5 • Assigned • 0.7mi

3/10

Guion Creek Middle School

Public, 6-8 • Assigned • 0.9mi

3/10

Pike High School

Public, 9-12 • Assigned • 2.7mi

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Indianapolis, IN • 46228

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Nearby rentals

Based on 5323 Melbourne Rd near Indianapolis

NEW 27 HRS AGO3D WALKTHROUGH
Studio: $675
1 bd: $825 • 2 bd: $1,100
Cambridge Commons
| 4959 Oakhurst Dr, Indianapolis, IN 46254
Apartment • 31 units available
1 MONTH FREE3D WALKTHROUGH
Studio: $795
1 bd: $895 • 2 bd: $1,130
Garden Pointe Apartments
| 5005 Lily Ln, Indianapolis, IN 46254
Apartment • 29 units available
1 bd: $909
2 bd: $1,149 • 3 bd: $1,399
The George Apartment Homes
| 5810 Sebring Dr, Indianapolis, IN 46254
Apartment • 9 units available
1 bd: $1,095
2 bd: $1,395
Guion Creek Apartments
| 5906 Guion Rd, Indianapolis, IN 46254
Apartment • 1 unit available
NEW 21 HRS AGO
1 bd: $890
Total price
2 bd: $1,085
5302 Woodbrook Dr, Indianapolis, IN 46254
Apartment • 11 units available
$1,850/mo
3 beds2.5 baths1,567 sq ft
5425 Nighthawk Dr, Indianapolis, IN 46254
Condo

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Homes near Indianapolis, IN around: $1,840/mo

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Unsure? Use our rent vs buy calculator!

Affordability

Price of this rental

$1,840/mo

Your pre-tax income

Income going to rent

30%Affordable

This rental is within the recommended 30% guideline, a healthy balance that leaves room for savings and other expenses

Calculate my full rental budget

Redfin rental estimate

5323 Melbourne Rd, Indianapolis, IN 46228

This property is priced $92 above the rental estimate.

Asking rent

$1,840

Rental estimate

$1,748

Nearby comparable rentals

The Rental Estimate uses 0 recent nearby rental.

Sale and tax history for 5323 Melbourne Rd

Sale History
Tax History

Date

Event

Price

RENTPROGRESS #2

Sep 19, 2026

Price Changed

$1,840

$1/sq ft

Sep 18, 2026

Listed for Rent

$2,460

$2/sq ft

RENT. #1

Jun 22, 2022

Price Changed

$1,520

$1/sq ft

MIBOR as Distributed by MLS Grid #21812132

Oct 25, 2021

Sold

$215,000

$153/sq ft

Sep 26, 2021

Pending

—

Sep 24, 2021

Listed

$200,000

$142/sq ft

+16

Move right into this updated ranch with open floor plan that backs to a beautiful pond. 3BR with split floor plan. Large master suite w/huge walk-in closet & master bath includes double sinks, garden tub, and separate shower stall. Eat-in kitchen with pantry & newer stainless steel appliances & laminate floors. LR has vaulted ceilings and lots of natural lighting. Newer carpet in LR & bedrooms. Newer vinyl floors in baths & laundry room. HVAC and water heater are 5 years old.

MIBOR as Distributed by MLS Grid #21209381

Mar 4, 2013

Listing Removed

—

Dec 30, 2012

Listed

$109,900

$78/sq ft

MIBOR as Distributed by MLS Grid #21179850

Dec 2, 2012

Listing Removed

—

Jun 2, 2012

Listed

$109,900

$78/sq ft

MIBOR as Distributed by MLS Grid #21020803

Aug 2, 2010

Listing Removed

—

Apr 15, 2010

Listed

$104,900

$75/sq ft

MIBOR as Distributed by MLS Grid #2949967

Oct 16, 2009

Listing Removed

—

Oct 1, 2009

Listed

$109,900

$78/sq ft

MIBOR as Distributed by MLS Grid #2565500

Oct 24, 2005

Listed

$88,000

$63/sq ft

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$5,573 (+11.1%)

$33,100 + $213,200

$246,300

2024

$5,018 (+12.4%)

$33,100 + $186,900

$220,000

2023

$4,466 (+10.6%)

$33,100 + $186,900

$220,000

2022

$4,036 (+175.1%)

$33,100 + $185,800

$218,900

2021

$1,467 (+3.1%)

$16,900 + $121,400

$138,300

2020

$1,422 (+24.5%)

$16,900 + $121,400

$138,300

2019

$1,142 (+24.9%)

$16,900 + $117,100

$134,000

2018

$915 (+0.7%)

$16,900 + $99,000

$115,900

2017

$909 (+9.7%)

$16,900 + $83,800

$100,700

2016

$828 (+20.5%)

$16,900 + $83,800

$100,700

2015

$687 (+11.9%)

$16,900 + $78,900

$95,800

2014

$614 (−0.5%)

$16,900 + $74,900

$91,800

2013

$617

$16,900 + $70,200

$87,100

5323 Melbourne Rd

(833) 252-7403

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Studio: $675
1 bd: $825 • 2 bd: $1,100
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| 4959 Oakhurst Dr, Indianapolis, IN 46254
Apartment • 31 units available
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Studio: $795
1 bd: $895 • 2 bd: $1,130
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2 bd: $1,149 • 3 bd: $1,399
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1 bd: $1,095
2 bd: $1,395
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1 bd: $890
Total price
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5323 Melbourne Rd is a 1408 square foot property with 3 bedrooms and 2 bathrooms. We estimate that 5323 Melbourne Rd would rent between $1,748 / mo.5323 Melbourne Rd is located in Indianapolis, the 46228 zipcode, and the M S D Pike Township.

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