Known worldwide as the home of the Indianapolis Motor Speedway, Speedway offers renters a slice of racing history wrapped in small-town charm. This compact enclave of Indianapolis spans just under 5 square miles but delivers outsized appeal for motorsport enthusiasts and those seeking a convenient location with strong community ties. Rental options in Speedway tend to be more affordable than surrounding areas, with one-bedroom apartments averaging $986 per month — below the Indiana state average.

Speedway's Main Street district has undergone significant revitalization, creating an appealing area with local restaurants, breweries, and shops within walking distance of many rental properties. The town offers a mix of housing styles, from classic mid-century homes to newer townhomes and boutique apartment communities. Commuters appreciate Speedway's strategic location just 5 miles from downtown Indianapolis, allowing for easy access to major employers while maintaining separation from the city center.

Originally planned in 1912 as a residential community for nearby industrial workers, Speedway maintains its connection to automotive innovation through businesses like Dallara Automobili and Allison Transmission. Beyond racing, residents enjoy proximity to Eagle Creek and its tributaries, providing natural green spaces throughout the area. The town operates its own school system and library, contributing to the strong sense of community that makes Speedway an appealing place to call home.