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Overview of Speedway

Speedway is a city located just a short drive away from Indianapolis and considered by many as a suburb of Indianapolis. Known as The Racing Capital of the World, the city also goes by the name of Home of the 500 because it is the city where the Indianapolis 500 takes place every year. The city is less than 20 minutes from the Indianapolis city limits and close to much of the action of that big city. Apartment renters come to Speedway when they want to live and rent in a quieter neighborhood while still living close to the action.

Living in Speedway

The founders of the IMS planned and built the city as a housing development for locals living and working for the race shops and automobile manufacturing facilities that popped up throughout the region. It was one of the first cities in the state built around the concept of driving rather than relying on horses. Founded in 1912, the city was once home to a number of factory workers, but it is now home to residents working in other industries.

During its early years, the city housed around 1,000 residents. As the manufacturing complexes shut down or moved to other areas and more companies came into the region, the population rose to include nearly 12,000 people.

The Indianapolis Motor Speedway, better known as IMS, is the leading tourist attraction in the city. In addition to the Indianapolis 500, it is also home to the Allstate 400 at the Brickyard race. During its early days, racers drove their cars across a track made of bricks, and a line of bricks is still visible on the track today. IMS hosts different events throughout the year, including charity events and events that let you take your own car onto the track. If you choose an apartment for rent in a nearby neighborhood, you will be a short drive away from the on-site museum dedicated to the history of racing in Indiana.

Some apartment renters may also want to take advantage of the museums located in nearby Indianapolis. The Indiana State Museum offers an in-depth look at the history of the state, while the Indianapolis Museum of Contemporary Art focuses on more modern artwork and artists. There is also the Indianapolis Museum of Art, which has exhibits and artwork on display throughout history. Don't forget to stop by the Indianapolis Children's Museum to check out the interactive and fun displays and exhibits for kids.

If you're a sports fan, consider buying season tickets to one of the professional teams in the area. Indianapolis, which is just a short drive away from Speedway, has several professional teams, including the Colts, Pacers and Fever. Rent in the smaller town to enjoy the peace and quiet, and drive into the larger city to see your favorite pro teams play live.

Public transportation is provided by the Indiana Public Transportation System, but the majority of residents drive, so it wouldn't be advisable to ditch your wheels here.

Apartments in Speedway-Study

If you're one of the apartment renters moving to Speedway for higher education, you'll find that you have multiple options available to you. The University of Indianapolis is one of the largest campuses in the neighborhood. Though it isn't within the city limits, you can usually reach the campus in around 20 minutes. Other college campuses located less than 20 minutes from the city include Butler University and Indiana University-Purdue University at Indianapolis.

Apartments in Speedway-Work

The top employers in the area include a mix of different positions and job types. St. Vincent Hospital, Eli Lilly International and Allison Transmission rank as the top employers in Speedway and the Indianapolis area.

Market Trends

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