19 Hours Ago
Location
406 N Delaware St #112, Indianapolis, IN 46204, USA|Downtown Indianapolis
Tour 406 N Delaware St #112
Contact
PMI Indianapolis
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Property Overview
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
Laundry available on site- Outdoor space
Great for
Wellness
Work-from-home
Social life
Amenities for 406 N Delaware St #112, Downtown Indianapolis
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
Applicants
One-time.
Contact Property
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 |
|---|
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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 38% below the median price for 1 bedroom apartments in Downtown Indianapolis.
Encounter the perfect blend of urban convenience and cozy living at 406 N. Delaware St. - 112 in the heart of Indianapolis. This charming one-bedroom apartment offers 520 sq ft of thoughtfully designed space, ideal for those seeking a dynamic city lifestyle. Step inside to discover a welcoming ambiance where every square foot is maximized for comfort and functionality. The full bathroom is elegantly appointed, providing a private retreat for relaxation and renewal. With its prime location, you'll find yourself immersed in the vibrant energy of downtown Indianapolis, just moments from dining, entertainment, and cultural attractions. This remarkable property invites you to embrace a lifestyle where convenience meets tranquility. Whether you're starting the day or winding down, this space adapts effortlessly to your needs. Enjoy the freedom to personalize and make it your own while enjoying the perks of urban living. Experience the thrill of city life and the comfort of a welcoming home in this unique rental opportunity. Make 406 N. Delaware St. - 112 your gateway to all that Indianapolis has to offer. 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. 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
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
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- One or more rentals here have easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos are available for this address
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 38% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Jan 31 2026.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,080 |
| November 2025 | $1,046 |
| December 2025 | $1,048 |
| January 2026 | $1,017 |
| Month | Median Rent |
|---|---|
| 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 | $1,604 |
| November 2025 | $1,617 |
| December 2025 | $1,602 |
| January 2026 | $1,606 |
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 | ||
| 3 months ago | $1,025 | 1 bed | 1 bath | ||
| 6 months ago | $1,025 | 1 bed | 1 bath | ||
| 6 months ago | $1,025 | 1 bed | 1 bath | ||
| 1 year ago | $1,150 | 1 bed | 1 bath | ||
| 1 year 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 |
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
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