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5+ Days Ago
Location
Colonial Apartments, 406 N Delaware St, Indianapolis, IN 46204, USA|Downtown 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
Less expensive
Great for
Work-from-home
Wellness
Social life
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.
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About 406 N Delaware St #311
Home
Apartments in IndianapolisDowntown Indianapolis Colonial Apartments, 406 N Delaware St, Indianapolis, IN 46204, USA
Apartments in IndianapolisDowntown Indianapolis Colonial Apartments, 406 N Delaware St, Indianapolis, IN 46204, USA406 N Delaware St #311 cost $775 per month. Located at Colonial Apartments, 406 N Delaware St, Indianapolis, IN 46204, USA, this unit has 1 bedroom and 1 bathroom. Based on the average rent price of 1 bedroom in Indianapolis, renting this apartment is 24% cheaper per month.
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
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.3 mile away
Address details
| Neighborhood | Downtown Indianapolis |
|---|---|
| Zip code | 46204 |
| Type | Apartment for rent |
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Available rentals nearby
Rent trends in Downtown Indianapolis
1-bedroom apartments at 406 N Delaware St #311 cost about 51% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Jun 20 2026.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| 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 |
| February 2026 | $1,022 |
| March 2026 | $1,011 |
| April 2026 | $1,017 |
| May 2026 | $1,007 |
| June 2026 | $1,015 |
| Month | Median Rent |
|---|---|
| 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 |
| February 2026 | $1,647 |
| March 2026 | $1,655 |
| April 2026 | $1,593 |
| May 2026 | $1,572 |
| June 2026 | $1,588 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 10 years ago | $775 |
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+
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 406 N Delaware St #311
Getting around 406 N Delaware St near Colonial Apartments
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 Colonial Apartments, 406 N Delaware St
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
Explore the area around Colonial Apartments
Needler's Fresh Market
320 N New Jersey St
Market Square Tap Room
320 E Market St
Whole Foods Market
320 E Market St
Kroger
227 W Michigan St
Kroger
524 E 16th St
Stout's Factory Shoe Store Co Inc
318 Massachusetts Ave
Zagwest
421 Massachusetts Ave
Sage Boutique
431 Massachusetts Ave
Salvation Army Family Shelter Clinic
540 N Alabama St
His & Hers Boutique
222 E Market St
Java House
115 E New York St
Starbucks
430 Massachusetts Ave
Free Juice LLC
201 N Illinois St S Tower 16th FL
Moar Tea & Poke
448 Massachusetts Ave
Coat Check Coffee
401 E Michigan St
The Eagle F00d & Beer Hall
310 Massachusetts Ave
The Exchange Mass Ave
301 Massachusetts Ave
Louies Wine & Dive
345 Massachusetts Ave
16-Bit Bar + Arcade
110 E New York St
Tavern at the Point
401 Massachusetts Ave
Rise'n Roll Bakery-Downtown Indy
107 E New York St
The Flying Cupcake
423 Massachusetts Ave
The Pantry
222 E Market St
Nikki's Gourmet Meals LLC
121 Monument Cir
Murray's Cheese
227 W Michigan St
University Park
Indiana World War Memorial Plaza
Indiana World War Memorial Plaza
Richard G. Lugar Plaza
Park
The Eagle F00d & Beer Hall
310 Massachusetts Ave
The Oakmont
323 N Delaware St
Bakersfield
334 Massachusetts Ave
Bazbeaux
334 Massachusetts Ave
Wild Eggs
314 N Delaware St
Delaware St / New York St
East 25th St, Castleton, Fort Harrison, East 34th St, West 38th St, 10th Street
Alabama St / Massachusetts Ave
Fort Harrison, East 34th St, West 38th St, East 25th St, 10th Street, Michigan Street
Alabama St / Michigan St
West 38th St, 10th Street, Castleton, East 25th St, East 34th St, Fort Harrison
New York St / New Jersey St
Michigan Street
Ohio St / Alabama St
East 16th St, East 21st St
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