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Highlights
Pet Friendly
Location
406 N Delaware St #112, Indianapolis, IN 46204, USA|Downtown Indianapolis
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Property Overview
406 N Delaware St #112 offers a central location with convenient access to city amenities, making it ideal for those who enjoy urban living. The unit features modern design elements and ample natural light, creating an inviting atmosphere. Additionally, the property includes desirable amenities, enhancing comfort and convenience for residents.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Images available
Great for
Social life
Work-from-home
Pet owners
Amenities for 406 N Delaware St #112, Downtown Indianapolis
Apartment Amenities
| Forced Air | Freezer |
| High Ceilings | Laminate |
| Vaulted Ceiling |
Appliances
| Dishwasher | Garbage Disposal |
| Microwave | Range/Oven |
| Refrigerator |
Tech
| Cable Ready | Wired For Internet |
Building
| Cats OK | Controlled Building |
| Dogs OK | Fitness Center |
| Onsite Laundry | Security Cameras |
Grounds
| Assigned Parking | Outdoor Space |
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
Dog policy
| Allowed |
|---|
Cat policy
| Allowed |
|---|
Cats and small dogs allowed. Contact for more information on pet policy.
Parking
| Assigned Parking | Contact for Price |
|---|
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 406 N Delaware St #112
Home
Apartments in IndianapolisDowntown Indianapolis 406 N Delaware St #112, Indianapolis, IN 46204, USA
Apartments in IndianapolisDowntown Indianapolis 406 N Delaware St #112, Indianapolis, IN 46204, USA
Sweet deal!
This listing is 34% below the median price for 1 bedroom apartments in Downtown Indianapolis.
Property Id: 1215643 Apartment homes equipped with state of the art appliances, serious style and the most convenient location in town. Colonial Apartments is located at the intersection of Delaware & Vermont Streets in downtown Indianapolis. The community is one block from the Mass Ave. Cultural District full of distinguished eateries, art galleries, theatre and entertainment. Travel one half mile to monument circle for fine dining, and world class shopping. Must make 3 times the rent amount Non Smoking Property Coded Entry Bike Parking Court Yard Stainless Steel Appliance's Parking is street parking (with other options)
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 406 N Delaware St, Indianapolis, IN 46204, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- Images available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Downtown Indianapolis |
|---|---|
| Zip code | 46204 |
| Type | Apartment for rent |
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Rent trends in Downtown Indianapolis
1-bedroom apartments at 406 N Delaware St #112 cost about 34% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Oct 4 2025.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| October 2023 | $1,121 |
| November 2023 | $1,071 |
| December 2023 | $1,072 |
| January 2024 | $1,060 |
| February 2024 | $986 |
| March 2024 | $1,104 |
| April 2024 | $1,129 |
| May 2024 | $1,132 |
| June 2024 | $1,076 |
| July 2024 | $1,081 |
| August 2024 | $1,126 |
| September 2024 | $1,123 |
| October 2024 | $1,143 |
| November 2024 | $1,126 |
| December 2024 | $1,125 |
| January 2025 | $1,152 |
| February 2025 | $1,150 |
| March 2025 | $1,087 |
| April 2025 | $1,024 |
| May 2025 | $1,087 |
| June 2025 | $1,098 |
| July 2025 | $1,090 |
| August 2025 | $1,097 |
| September 2025 | $1,105 |
| October 2025 | $1,100 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,551 |
| November 2023 | $1,503 |
| December 2023 | $1,573 |
| January 2024 | $1,595 |
| February 2024 | $1,451 |
| March 2024 | $1,466 |
| April 2024 | $1,539 |
| May 2024 | $1,519 |
| June 2024 | $1,519 |
| July 2024 | $1,484 |
| August 2024 | $1,492 |
| September 2024 | $1,469 |
| October 2024 | $1,429 |
| November 2024 | $1,423 |
| December 2024 | $1,470 |
| January 2025 | $1,481 |
| February 2025 | $1,500 |
| March 2025 | $1,550 |
| April 2025 | $1,615 |
| May 2025 | $1,659 |
| June 2025 | $1,651 |
| July 2025 | $1,656 |
| August 2025 | $1,637 |
| September 2025 | $1,597 |
| October 2025 | $1,560 |
Affordability calculator
Can I afford to live at 406 N Delaware St #112?
Bedrooms
1 bedroomRent-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
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 2 months ago | $1,025 | 1 bed | 1 bath | ||
| 2 months ago | $1,025 | 1 bed | 1 bath | ||
| 5 months ago | $1,300 | 1 bed | 1 bath | ||
| 11 months ago | $1,150 | 1 bed | 1 bath | ||
| 1 year ago | $1,100 | 1 bed | 1 bath | ||
| 1 year ago | $1,400 | 1 bed | 1 bath | ||
| 1 year ago | $1,050 | 1 bed | 1 bath | ||
| 1 year ago | $1,100 | 1 bed | 1 bath | ||
| 2 years ago | $1,000 | 1 bed | 1 bath |
Schools near 406 N Delaware St #112
Frederick Douglass School 19
2020 dawson st
indianapolis, IN, 46203
PK, K-8Public
C-
Ips - Butler Lab at William Bell 60
3330 n pennsylvania
indianapolis, IN, 46205
PK, K-8Public
C+
Francis Bellamy Pre-School Center
9501 e 36th st
indianapolis, IN, 46236
PKPublic
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Internet available near 406 N Delaware St #112
Getting around Indianapolis near 406 N Delaware St #112
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 406 N Delaware St #112, Indianapolis
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
Other units at this address
406 N Delaware St, Indianapolis, IN
406 N Delaware St Indianapolis, IN
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