5+ Days Ago
Highlights
Pet Friendly
- Fitness center
- Outdoor pool
- Fully equipped kitchen
- In-unit washer and dryer
- Living areas
Location
501 N New Jersey St #16, Indianapolis, IN 46204, USA|Downtown Indianapolis
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Property Overview
Located in a highly desirable area, the property features exceptional value per square foot and is conveniently near a top-rated elementary school. Residents can enjoy a vibrant social life, with numerous restaurants and mixed-use spaces within walking distance, alongside plenty of parks and outdoor activities that promote environmental sustainability. The community also caters to pet owners with various amenities and services, while on-site fitness and wellness facilities enhance the overall living experience.
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
More space- Elementary school nearby
- Fireplace
Great for
Social life
Pet owners
Eco living
Amenities for 501 N New Jersey St #16, Downtown Indianapolis
Apartment Amenities
| Air Conditioning | Fireplace |
| Heat Pump | View |
Appliances
| Garbage Disposal | In-Unit Laundry |
| Washer and Dryer |
Tech
| Cable Ready |
Building
| Cats OK | Dogs OK |
| Fitness Center | Garage Attached |
Grounds
| Assigned Parking | Garage Parking |
| Swimming Pool |
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
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 501 N New Jersey St #16
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Apartments in IndianapolisDowntown Indianapolis 501 N New Jersey St #16, Indianapolis, IN 46204, USA
Apartments in IndianapolisDowntown Indianapolis 501 N New Jersey St #16, Indianapolis, IN 46204, USAThis apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy an outdoor pool, fitness center, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee.
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 501 N New Jersey St #16 compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 448 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Fireplace
- Upgraded in-unit features
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
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 501 N New Jersey St #16 cost about 10% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Dec 27 2025.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| January 2024 | $1,046 |
| 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 |
| Month | Median Rent |
|---|---|
| January 2024 | $1,600 |
| 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 |
Affordability calculator
Can I afford to live at 501 N New Jersey St #16?
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
$56,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $56,800 annually to afford this 1-bedroom monthly rent price of $1,420.
For more information on rent affordability, visit our rent calculator.
Schools near 501 N New Jersey St #16
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 501 N New Jersey St #16
Getting around Indianapolis near 501 N New Jersey St #16
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 501 N New Jersey St #16, 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
Several cafés within a few minutes’ walk
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
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