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Highlights

  • Rent Special
  • Pet Friendly

Location

515 E Market St, Indianapolis, IN 46204, USA|Downtown Indianapolis
Hi! Let’s figure out if this property is right for you.

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Tour The E'Laan

Contact

Management

Birge and Held Asset Management, LLC

Leasing office

(844) 334-0271 ext. 9452

Open today 

9:00 am–6:00 pm ET

Property Overview

The E'Laan offers a high-quality living experience, receiving an expert rating of 8.6 and notable scores of 9 for amenities and location, indicating exceptional value and convenience. With competitive pricing and a solid trustworthiness rating, this property is recognized for its transparency and value for money, placing it in the top percentiles locally. Additionally, it fosters an engaging social life and is pet-friendly, enhancing its appeal to a diverse range of potential residents.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, The E'Laan is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The E'Laan has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Less expensive

Great for

  • Pet owners
  • Social life

Floor plans

The HollowayStudio1 bath570 sqft$1,120–$1,220 /mo2 units available
The Vonnegut II1 bed1 bath884 sqft$1,345–$1,445 /mo3 units available
The Riley2 bed2 bath1,200 sqft$1,452–$1,524 /mo3 units available
The Evans2 bed2 bath1,200 sqft$1,513 /mo1 unit available

Let's explore this property.

Amenities for The E'Laan

Apartment Amenities

2nd Floor3rd Floor
Corner UnitFurniture
View

Building

Cats OKDogs OK

Grounds

Assigned ParkingGarage Parking
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.

Contact Property

OPTIONAL FEES

Parking Policy

Garage Lot

Assigned. Please call us regarding our Parking Policy.

Garage Lot

Parking Fee

Monthly. 2 garage lots max. Assigned parking.

Contact Property

Dog Policy

Allowed
Limit2
Breed restrictionsYes

We welcome 2 pets per apartment home. Your pet must meet the breed and weight limit criteria of the community. Certain aggressive breeds may be restricted. Please contact our leasing office for complete pet policy details.

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max.

$30

Pet Fee

One-time fee per pet.

$300

Dog

Pet Rent

Monthly. 2 dogs max.

$30

Pet Fee

One-time fee per pet.

$300

Questions about this property’s policies and fees?

Building details

Property details

Year built2014
Units24
Lease terms6–15 months
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About The E'Laan

HomeApartments in IndianapolisDowntown Indianapolis The E'Laan

Welcome to The E’Laan, a residential community featuring studio, one and two bedroom apartments in Downtown Indianapolis, IN. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining and entertainment options. Are you looking for an apartment for rent Indianapolis, IN? Contact our friendly, professional office staff to schedule a tour today.


Year Built: 2014

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, The E'Laan is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The E'Laan has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The E'Laan
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, The E'Laan is a great option for renters looking for apartments in Downtown Indianapolis. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The E'Laan goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, The E'Laan receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The E'Laan is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The E'Laan has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

Beautiful apartments my friend lives there the maintenance guy Lewis is a really nice guy and does a great job I will move there with that type of service 😊

Donna Markey

Donna Markey

Jun 25, 2024

Nice and friendly staff / nice apartment no complaints at all

Nicholas Coleman

Nicholas Coleman

Aug 31, 2024

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

The E'Laan is great for:

Pet owners

  • 7 pet hospitals in the area
  • 1 dog park within 1 mile
  • 3 pet grooming services nearby
  • 6 pet supply stores near the property

Social life

  • 413 restaurants within 1 mile of this property
  • 439 mixed-use spaces nearby
  • 184 museums, art galleries, or cultural centers within 1 mile
  • 89 local event hubs within 1 mile

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 The E'Laan compares to other nearby properties.

Positives

More space
The 1-bedroom is 94 sqft larger than other listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Downtown Indianapolis

Studio apartments at The E'Laan cost about 24% less than the average rent price for studios in Downtown Indianapolis.

1-bedroom apartments here are priced 19% lower than 1-bedrooms in Downtown Indianapolis.

If you decide to upgrade your space, you can expect 2-bedrooms at The E'Laan to be 36% less than the average for similarly sized apartments in Downtown Indianapolis.

Median rents as of Mar 14 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
March 2024$1,040
April 2024$1,074
May 2024$1,117
June 2024$1,171
July 2024$1,091
August 2024$1,047
September 2024$1,090
October 2024$1,131
November 2024$1,126
December 2024$1,105
January 2025$1,194
February 2025$1,191
March 2025$1,151
April 2025$1,121
May 2025$1,139
June 2025$1,158
July 2025$1,185
August 2025$1,178
September 2025$1,065
October 2025$1,063
November 2025$1,048
December 2025$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
March 2024$1,335
April 2024$1,324
May 2024$1,309
June 2024$1,335
July 2024$1,350
August 2024$1,361
September 2024$1,359
October 2024$1,327
November 2024$1,338
December 2024$1,332
January 2025$1,349
February 2025$1,352
March 2025$1,376
April 2025$1,553
May 2025$1,707
June 2025$1,456
July 2025$1,477
August 2025$1,450
September 2025$1,413
October 2025$1,414
November 2025$1,425
December 2025$1,424
January 2026$1,502
February 2026$1,519
March 2026$1,479

Affordability calculator

Can I afford to live at 515 E Market St?

Bedrooms

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

$44,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,800 annually to afford this studio monthly rent price of $1,120.
For more information on rent affordability, visit our rent calculator.

Schools near The E'Laan

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+

Impact Academy

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
D

Impact Academy 2

320 n tibbs ave

indianapolis, IN, 46222

K-12Public

Impact Academy 3

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
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Internet available near The E'Laan

Getting around Indianapolis near 515 E Market St

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

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 515 E Market St, Indianapolis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

7/10
Several bars within a few minutes’ walk

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