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Highlights

  • Fully equipped kitchen
  • In-unit washer and dryer
  • Smoke-free environment
  • Resident clubroom
  • Key fobs
  • Wheelchair-accessible apartment

Location

423 E Michigan St #1026464P, Indianapolis, IN 46204, USA|Downtown Indianapolis
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Property Overview

423 East Michigan Street stands out with an impressive Zumper expert rating of 9.6 out of 10, reflecting its excellent amenities and prime location. Residents can enjoy features like balconies, a fully equipped kitchen, and a resident clubroom while benefiting from a competitive price rating of 9 out of 10. With nearby top-rated schools and a transparent property management approach, this property offers a great quality of life for its 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

9.6
Excellent
Earning an outstanding 9.6 out of 10 overall rating, 423 East Michigan Street is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Elevator

Great for

  • Wellness
  • Social life

Floor plans

StudioStudio1 bath462 sqftFeel at home in this studio apartment in the heart of Mass Ave, designed for the modern traveler. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets and 19th-century architecture. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. Enjoy access to the resident roof deck and clubroom, as well as the convenience of an in-unit washer and dryer. Entertainment is provided by a smart TV with streaming apps and a TV in the living room. Complimentary coffee is also provided. Enhance your stay with optional services like mid-stay cleanings and early check-in/late checkout (when available) for an additional fee. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques, and have easy access to cultural landmarks like the Athenæum. The apartment is conveniently located 0.3 miles from the Indiana Convention Center, 0.5 miles from Lucas Oil Stadium, 0.6 miles from the Old National Centre and Saint Mary's Catholic Church, and 0.7 miles from the Phoenix Theatre. This is a smoke-free environment, and any sign of smoking may result in immediate termination and recovery fees beginning at $500. Quiet hours are observed from 9 pm to 8 am. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. One towel is provided per guest per stay. A valid photo ID is required to complete the booking. Guests must agree to not disturb neighbors at all times during the stay. Long-term guests (30 days+) will be subject to a background search and credit check. Check-in is at 4 PM, and check-out is at 11 AM (with a $75/hr late fee).
StudioStudio1 bath462 sqftFeel at home in this studio apartment centrally located in the heart of Mass Ave. Designed for the modern traveler, this apartment offers a seamless check-in. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away and Saint Mary's Catholic Church is 0.6 miles away. This unit is located near Mass Ave, one of the city’s most vibrant streets, and you may hear some lively street noise, including music, voices, or traffic, especially in the evenings. Smoking of any kind is not permitted within or outside of the apartment, including balconies, patios, or common and/or parking areas, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons or drugs are allowed, and police will be called for violating this rule. Guests must agree to not disturb neighbors at all times during the stay and must observe quiet hours from 9pm-8am each day. Check-in is at 4 PM and check-out is at 11 AM, with a $75/hr late fee. No outside guests are allowed without permission. One towel is provided per guest per stay. A valid photo ID is required to complete the booking. Long-term guests staying 30 days or more will be subject to a background search and credit check.
StudioStudio1 bath462 sqftFeel at home in this studio apartment located in the heart of Mass Ave. Designed for the modern traveler, this apartment offers a seamless check-in. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee. Decor and layout may vary slightly from what you see in photos. A pet fee may be charged for guests traveling with an emotional support animal. Mid-stay cleanings and early check-in/late checkout are available for an additional fee. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. This unit is located near Mass Ave, one of the city’s most vibrant streets, so you may hear some lively street noise, such as music, voices, or traffic, especially in the evenings. This is a smoke-free environment, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission, and only one towel per guest per stay is provided. Guests must agree to not disturb neighbors at all times during the stay and must observe quiet hours from 9 pm to 8 am each day. Check-in is at 4 PM, and check-out is at 11 AM, with a $75 per hour late fee. No weapons or drugs are allowed, and police will be called for any violations. A valid photo ID is required to complete the booking. To abide by all legal requirements and HOA rules, you will be asked to provide a copy of your official government-issued photo ID, confirm your contact information, and pass through our verification portal. In some instances, you may be required to complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. The minimum age requirement for the primary person booking is 22 years old for out-of-town guests and 25 years old for local guests.
StudioStudio1 bath462 sqftFeel at home in this studio apartment centrally located in the heart of Mass Ave. Designed for the modern traveler, this apartment offers a seamless check-in. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee. Decor and layout may vary slightly from the photos. A pet fee may be charged for guests traveling with an emotional support animal. Additionally, the presence of emotional support animals can be declined. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, the Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. This unit is located near Mass Ave, one of the city’s most vibrant streets, and you may hear some lively street noise, such as music, voices, or traffic, especially in the evenings. This is a smoke-free environment, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons or drugs are allowed, and police will be called for violating this rule. Guests must agree not to disturb neighbors at any time during the stay and must observe quiet hours from 9 pm to 8 am each day. Check-in is at 4 PM, and check-out is at 11 AM, with a $75/hr late fee. No outside guests are allowed without permission, and one towel is provided per guest per stay. A valid photo ID is required to complete the booking. Guests must agree to be bound by the rental terms and conditions and acknowledge that they will be required to provide a copy of a valid government-issued ID and matching credit card prior to check-in. Guests acknowledge that they may be required to undergo a background check if mandated by the property management company or the building, as stated in accordance with the rental agreement and condition of the booking. The minimum age requirement of the primary person booking should be 22 years old for out-of-town guests and 25 years old for local guests.
StudioStudio1 bath462 sqftFeel at home in this studio apartment in the heart of Mass Ave, designed for the modern traveler. This wheelchair-accessible apartment offers seamless check-in and thoughtful amenities. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy a resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee. Decor and layout may vary slightly from what you see in photos. A pet fee may be charged for guests traveling with an emotional support animal. Mid-stay cleanings and early check-in/late checkout are available for an additional fee. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. This is a smoke-free environment, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. Quiet hours are observed from 9pm-8am each day. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. One towel is provided per guest per stay. A valid photo ID is required to complete the booking. Guests must agree to not disturb neighbors at all times during the stay. No weapons or drugs are allowed; police will be called for violating this rule. Check-in is at 4 PM, and check-out is at 11 AM (with a $75/hr late fee).
StudioStudio1 bath462 sqftFeel at home in this studio apartment located in the heart of Mass Ave. Located in the local's favorite neighborhood, you're steps away from fantastic bars and restaurants. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, and complimentary coffee. A TV is in the living room. While designs are based on the above photos, each unit has individualized elements of design and custom decorative features. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. All properties are smoke-free environments. Smoking of any kind is not permitted within or outside, including balconies, patios, or common and/or parking areas. Any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $200 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. Quiet hours are between 9 PM and 8 AM. Check-in is at 4 PM and check-out is at 11 AM (a $75/hr late fee applies). A pet fee may be charged for guests traveling with an emotional support animal. Additionally, the presence of emotional support animals can be declined from stays or Experiences. To abide by all legal requirements and HOA rules, you WILL be asked to provide a copy of your official government-issued photo ID, confirm your contact information, pass through our verification portal and, in some instances, complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. No weapons or drugs are allowed; police will be called for violating this rule. Guests must agree to not disturb neighbors at all times during the stay. Long-term guests (30 days+) will be subject to a background search and credit check.
StudioStudio1 bath462 sqftFeel at home in this studio apartment located in the heart of Mass Ave. Designed for the modern traveler, this apartment offers seamless check-in and thoughtful amenities. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, TV in the living room, and complimentary coffee. Mid-stay cleanings and early check-in/late checkout are available for an additional fee. Located in the heart of the Bottleworks District of Indy, you'll have everything at your fingertips. Step outside your door to the Indy Cultural Trail, a world-class urban bike and pedestrian path that connects unique neighborhoods, cultural districts, and entertainment. Needler's Market is just a few blocks away. The walkability score is 88, the transit score is 51, and the bike score is 95. Located near Mass Ave, one of the city’s most vibrant streets, you may hear some lively street noise, including music, voices, or traffic, especially in the evenings. This is a smoke-free environment, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission, and only one towel per guest per stay is provided. A pet fee may be charged for guests traveling with an emotional support animal, and the presence of emotional support animals can be declined. Guests must agree to not disturb neighbors at all times during the stay and observe quiet hours from 9 pm to 8 am each day. The apartment is proactively monitored with decibel sensors for compliance with this noise policy. Check-in is at 4 PM, and check-out is at 11 AM, with a $75/hour late fee. A valid photo ID is required to complete the booking. To abide by all legal requirements and HOA rules, you will be asked to provide a copy of your official government-issued photo ID, confirm your contact information, and pass through a verification portal. In some instances, you may be required to complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. Long-term guests will be subject to a background search and credit check.
1 bed1 bed1 bath699 sqftFeel at home in this spacious 1-bedroom apartment in the heart of Mass Ave. Designed for modern travelers, this wheelchair-accessible apartment offers comfortable living areas. This apartment offers a fully equipped kitchen and a bathroom stocked with essential toiletries. You can also enjoy a resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, TV in the living room and complimentary coffee. Decor and layout may vary slightly from what you see in photos. To enhance your stay, optional services are available for an additional fee, such as mid-stay cleanings and early check-in/late checkout (when available). Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away and Saint Mary's Catholic Church is 0.6 miles away. Smoking of any kind is not permitted within or outside of the apartment, including balconies, patios, or common and/or parking areas. Any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. A $500 penalty applies for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. Quiet hours are observed from 9 pm to 8 am each day. Guests must agree not to disturb neighbors at any time during the stay. The apartment is proactively monitored with decibel sensors for compliance with this noise policy. One towel is provided per guest per stay. A valid photo ID is required to complete the booking. The minimum age requirement for the primary person booking is 22 years old for out-of-town guests and 25 years old for local guests. No weapons or drugs are allowed; police will be called for violating this rule. Check-in is at 4 PM and check-out is at 11 AM (a $75/hr late fee applies).
1 bed1 bed1 bath699 sqftFeel at home in this spacious 1-bedroom apartment in the heart of Mass Ave, designed for the modern traveler. This apartment features inviting living areas, a fully equipped kitchen, a bathroom complete with toiletries, an in-unit washer and dryer, a smart-TV with streaming apps installed, a TV in the living room, and complimentary coffee. Guests can also enjoy the resident roof deck and clubroom. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. This is a smoke-free environment, and any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. Quiet hours are observed from 9pm-8am each day, and guests must agree to not disturb neighbors at all times during the stay. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons or drugs are allowed, and police will be called for violating this rule. No outside guests are allowed without permission. One towel is provided per guest per stay. Check-in is at 4 PM and check-out is at 11 AM, with a $75/hr late fee. A valid photo ID is required to complete the booking. The minimum age requirement of the primary person booking should be 22 years old for out-of-town guests and 25 years old for local guests. A pet fee may be charged for guests traveling with an emotional support animal, and the presence of emotional support animals can be declined. To abide by all legal requirements and HOA rules, you will be asked to provide a copy of your official government-issued photo ID, confirm your contact information, and pass through our verification portal. Failure to provide these documents will result in a cancellation and denied entry.
1 bed1 bed1 bath699 sqftFeel at home in this spacious 1-bedroom apartment in the heart of Mass Ave. Designed for the modern traveler, this wheelchair-accessible apartment offers a seamless check-in and thoughtful amenities. This apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy a resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, a TV in the living room, and complimentary coffee. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. Smoking of any kind is not permitted within or outside of this apartment, including balconies, patios, or common and/or parking areas. Any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $200 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons or drugs are allowed; police will be called for violating this rule. Guests must agree to not disturb neighbors at all times during the stay and must observe quiet hours from 9pm-8am each day. The apartment is proactively monitored with decibel sensors for compliance with this noise policy. Check-in is at 4 PM and check-out is at 11 AM (with a $75/hr late fee). No outside guests are allowed without permission. One towel is provided per guest per stay. A valid photo ID is required to complete the booking. The minimum age requirement for the primary person booking is 22 years old for out-of-town guests and 25 years old for local guests. To abide by all legal requirements and HOA rules, you will be asked to provide a copy of your official government-issued photo ID, confirm your contact information, and pass through our verification portal. In some instances, you may be asked to complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. A pet fee may be charged for guests traveling with an emotional support animal. Additionally, the presence of emotional support animals can be declined from stays or Experiences.

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Rent trends in Downtown Indianapolis

Median rents as of Jan 24 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
February 2024$908
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$1,035
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
February 2024$1,354
March 2024$1,337
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$1,476

Schools near 423 East Michigan Street

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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Getting around Indianapolis near 423 E Michigan St #1026464P

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 423 E Michigan St #1026464P, 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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