2 Days Ago
Highlights
Pet Friendly
Location
406 N Delaware St #311, Indianapolis, IN 46204, USA|Downtown Indianapolis
Tour 406 N Delaware St #311
Contact
PMI Indianapolis
Nearby rentals
Renter hub
Property management
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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
Less expensive- Images Available
- Package service
Great for
Wellness
Social life
Work-from-home
Amenities for 406 N Delaware St #311, Downtown Indianapolis
Building
| Cats OK | Dogs OK |
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
Cat Policy
Allowed
Large Dog Policy
Allowed
Other Policy
Allowed
Small Dog Policy
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 #311
Home
Apartments in IndianapolisDowntown Indianapolis 406 N Delaware St #311, Indianapolis, IN 46204, USA
Apartments in IndianapolisDowntown Indianapolis 406 N Delaware St #311, Indianapolis, IN 46204, USA
Sweet deal!
This listing is 40% below the median price for 1 bedroom apartments in Downtown Indianapolis.
Revel in the charm and convenience of urban living at 406 N. Delaware St. - 311, nestled in the heart of vibrant Indianapolis. This delightful 1-bedroom, 1-bathroom apartment offers a cozy yet efficient 520 sq ft of thoughtfully designed living space. Step inside to discover a welcoming atmosphere where natural light gracefully fills every corner. The open layout seamlessly connects the living area to the kitchen, perfect for entertaining or enjoying quiet evenings at home. Situated in a prime location, this residence provides easy access to the city's cultural landmarks, dining hotspots, and shopping destinations. Experience the dynamic lifestyle Indianapolis is known for, right outside your doorstep. Whether you're a professional seeking proximity to work or someone who loves to explore, this property offers the ideal urban sanctuary. Enjoy the tranquility of this well-maintained community, where every detail is crafted for your comfort and convenience. Embrace the opportunity to live in a space that perfectly balances style and functionality. Make 406 N. Delaware St. - 311 your new home and discover a world of possibilities. Pets Allowed. 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 #311 compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
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 #311 cost about 40% 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 #311?
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
$40,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 1-bedroom monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near 406 N Delaware St #311
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 #311
Getting around Indianapolis near 406 N Delaware St #311
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 #311, 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
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