Apartment for rent

5+ Days Ago

215 1/2 S Madison Ave
215 1/2 S Madison Ave, Anderson, IN 46016, USA

Monthly rent	$595
Beds	1
Baths	1
Sqft	600

Monthly rent	$595
Beds	1
Baths	1
Sqft	600

5+ Days Ago

Highlights

Modern elegance
Thoughtfully designed layout

Location

215 1/2 S Madison Ave, Anderson, IN 46016, USA

Tour 215 1/2 S Madison Ave

Contact

PMI Indianapolis

(844) 326-7293 ext. 4413

Amenities for 215 1/2 S Madison Ave

Services

On-Site Management

Package Service

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms	12+ months

About 215 1/2 S Madison Ave

Home

Apartments in Anderson

215 1/2 S Madison Ave, Anderson, IN 46016, USA

*** Move In Special*** We are currently running a Quick Move In special for $200 off your first month's rent with any lease signed and a move in date prior to 03/4/2026. *** Move In Special*** Unveiling the charming sanctuary at 215 1/2 S Madison Ave, Anderson, In 46016, where comfort meets convenience in a delightful 600 sq ft space. This cozy one-bedroom apartment is a perfect retreat, offering a serene living experience amidst the vibrant city of Anderson. Step inside to discover a thoughtfully designed layout that maximizes every inch, ensuring a harmonious blend of style and function. Imagine waking up in a sunlit bedroom that invites warmth and tranquility into your daily routine. The full bathroom exudes a sense of modern elegance, providing a refreshing start to your day. This apartment is truly a canvas for your personal style, ready to transform into your ideal haven. Nestled in a location that combines the best of city life with a peaceful ambiance, it offers easy access to local amenities and attractions. Whether you're hosting friends or enjoying a quiet evening alone, this space adapts to your lifestyle with ease. Don't miss the opportunity to make this delightful apartment your new home, where every day is filled with possibilities and charm. Refrigerator and Range Provided. A Rent Guarantee Policy from TheGuarantors is required for all applicants. Security deposit amounts vary based on credit and income. Applicants who do not meet the minimum credit score of 680 and income requirement of 3x the monthly rent may be required to pay a deposit equal to 2 months' rent. At Pmi, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (rbp) to address common headaches for our residents. Our program handles insurance, pest control, air filter changes, utility set up, credit building, resident rewards, identity protection and more at a rate of $69.99/month, added to every property as a required program. More details upon application. *If you provide your own insurance policy, the Rbp cost will be reduced by the amount of the insurance premium billed by Second Nature Insurance Services (npn No. 20224621). By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

Property highlights

How 215 1/2 S Madison Ave, Anderson, IN 46016, USA compares to other nearby properties.

Positives

Less expensive: The 1-bedrooms are cheaper than other similar listings nearby
More space: The 1-bedroom is 200 sqft larger than other listings nearby
Images Available: There are at least 10 photos of this address
Package service: More secure storage for delivery

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 2 miles away
Greater distance from high schools: The nearest high school is farther than 3 miles away

Address details

Zip code	46016
Type	Apartment for rent

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Rent trends in Anderson

1-bedroom apartments at 215 1/2 S Madison Ave cost about 23% less than the average rent price for 1-bedroom apartments in Anderson.

Median rents as of Mar 14 2026.

Anderson

A table of 1-bedroom apartment rental data trends in Anderson
Month	Median Rent
March 2024	$650
April 2024	$655
May 2024	$688
June 2024	$689
July 2024	$656
August 2024	$673
September 2024	$689
October 2024	$722
November 2024	$720
December 2024	$695
January 2025	$697
February 2025	$709
March 2025	$697
April 2025	$695
May 2025	$697
June 2025	$724
July 2025	$781
August 2025	$751
September 2025	$760
October 2025	$754
November 2025	$727
December 2025	$728
January 2026	$746
February 2026	$781
March 2026	$775

Affordability calculator

Can I afford to live at 215 1/2 S Madison Ave?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$23,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $23,800 annually to afford this 1-bedroom monthly rent price of $595.

For more information on rent affordability, visit our rent calculator.

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Rent history

Check out the past listing prices for monthly rent at 215 1/2 S Madison Ave, Anderson, IN.
			Bath
Last month	$650	1 bed	1 bath
2 months ago	$650	1 bed	1 bath
9 months ago	$600	1 bed	1 bath
1 year ago	$600	1 bed	1 bath
1 year ago	$600	1 bed	1 bath
1 year ago	$600	1 bed	1 bath
2 years ago	$600	1 bed	1 bath
2 years ago	$700	1 bed	1 bath
2 years ago	$700	1 bed	1 bath