The Stella
1827 N Meridian St,
Indianapolis, IN 46202
$1,400 - $2,250
Studio - 2 Beds
Herron-Morton Place
Indianapolis, IN
Herron-Morton Place - Indianapolis, IN
Area Guide
A charming community that blends history with art
Historic
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Walkable
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Downtown
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Art
•
Culture
•
Community
•
Events
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Back in the mid-1800s, the Herron-Morton Place neighborhood was actually the site of the Indiana State Fair. When the Civil War began, the area was used as a staging area and later as a prisoner of war camp for Confederate soldiers. After the war, it became the fairgrounds again and remained the site of the state fair until 1890, when it was platted for residential development.
Listed on the National Register of Historic Places, the Herron-Morton Place Historic District contains 574 historic homes ranging from Queen Anne Victorians to Tudor homes. Today, this charming neighborhood is home to the Herron School of Art and Design and hosts the Talbot Street Art Fair every summer. Herron-Morton Place is located between 22nd Street on the north side and 16th Street to the south. It extends along Pennsylvania Street east to Central Avenue.
Rent Trends
As of September 2025, the average apartment rent in Herron-Morton Place is $1,464 for a studio, $1,556 for one bedroom, $2,073 for two bedrooms, and $2,367 for three bedrooms. Apartment rent in Herron-Morton Place has increased by 2.2% in the past year.
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Studio
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605 sq ft
Average Sq Ft
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$1,464/month
Average Rent
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1 BR
-
719 sq ft
Average Sq Ft
-
$1,556/month
Average Rent
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2 BR
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1,081 sq ft
Average Sq Ft
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$2,073/month
Average Rent
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3 BR
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1,794 sq ft
Average Sq Ft
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$2,367/month
Average Rent
Transportation
80
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
52
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
73
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- JTV Hill Park
- Watkins Park
- The Children's Museum of Indianapolis
- University Park
- Douglass Park
Commuter Rail
Airports
- Indianapolis International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.