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423 East Michigan Street combines strong overall value with standout amenities and a highly convenient location. It offers in-unit laundry, garage parking, a roof deck, and a resident clubroom, and it is especially appealing for social life and wellness with nearby dining, entertainment, parks, gyms, and market options.
Things you’ll love
Elementary school nearbyHigh school nearbyElevatorGreat for
Social life
Work-from-home
Wellness| Studio | Studio | 1 bath | 462 sqft | $2,012 /mo | The advertised rate of $2,012/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 15, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this modern studio apartment located in the heart of Mass Ave, offering a comfortable living space with exclusive lounge access and stunning city views from the roof deck. This studio apartment features inviting living areas, a fully-equipped kitchen, and bathrooms complete with toiletries. Enjoy the convenience of an in-unit washer and dryer, and a smart TV with streaming apps installed. Parking is available in the building's secure garage, subject to availability, with fees charged per vehicle and varying according to the length of stay. Guests can also enjoy the resident roof deck and resident 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, and the Old National Centre is 0.6 miles away. Smoking is not permitted within or outside of the suites, 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. Check-in is at 4 PM and check-out is at 11 AM, with a $75/hr late fee. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. Guests must observe quiet hours from 9 PM to 8 AM. A valid photo ID is required to complete the booking. Guests may be asked to provide a copy of their official government-issued photo ID, confirm contact information, pass through a verification portal, and in some instances, complete a criminal background check. A rental usage agreement must be signed by all guests. The primary person booking must be at least 22 years old. No weapons or drugs are allowed. The home is proactively monitored with decibel sensors for compliance with the noise policy. Includes complimentary coffee. | ||
| 1 bed | 1 bed | 1 bath | 699 sqft | $2,307 /mo | The advertised rate of $2,307/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 9, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this spacious 1-bedroom apartment located in the heart of Mass Ave, offering a seamless check-in experience and thoughtful amenities. This apartment is designed with a tech-first approach, ensuring you live like a local. Enjoy exclusive lounge access and stunning city views from the roof deck, with 24/7 customer service ready to assist you. This apartment features inviting living areas and a fully-equipped kitchen complete with a refrigerator, stove, oven, and microwave. The bathroom is stocked with toiletries. For your convenience, there is an in-unit washer and dryer, a Smart-TV with streaming apps installed, and a TV in the living room. Complimentary coffee is also provided. Parking is available in the building's secure garage, subject to availability, with fees charged per vehicle and varying according to the length of stay. Guests can also enjoy the resident roof deck and resident 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, and the Old National Centre is 0.6 miles away. This is a smoke-free environment. Smoking is not permitted within or outside of the suites, 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 $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. Outside guests are not permitted 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 and observe quiet hours from 9 PM to 8 AM. The home is proactively monitored with decibel sensors for compliance with this noise policy. A $150 security hold on a credit card is required for incidentals, which is released 3-5 days post check-out, or guests may choose a $35 non-refundable damage waiver. Optional services such as mid-stay cleanings and early check-in/late checkout are available for additional fees. The unit is equipped with a smart lock for easy check-in and check-out using a personalized access code. Includes a workstation for remote work-friendly needs. | ||
| 2 bed | 2 bed | 2 bath | 828 sqft | $3,260 /mo | The advertised rate of $3,260/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 23, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this modern 2-bedroom apartment located in the heart of Mass Ave, offering seamless check-in and thoughtful amenities for a local living experience. This spacious apartment features inviting living areas and a fully-equipped kitchen complete with toiletries. Enjoy the convenience of an in-unit washer and dryer, a Smart-TV with streaming apps installed, and a TV in the living room. Complimentary coffee is also provided. Parking is available in the building's secure garage, subject to availability, with fees charged per vehicle and varying according to the length of stay. Guests can also enjoy the resident roof deck and resident clubroom. Nestled in the historic Lockerbie Square district, this downtown gem boasts charming cobblestone streets and 19th-century architecture. You're just a short walk from Mass Ave's vibrant mix of restaurants, bars, and boutiques, and conveniently located near cultural landmarks like the Athenæum. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, and the Old National Centre is 0.6 miles away. This is a smoke-free environment, and any sign of smoking within or outside the suites, including balconies, patios, or common and/or parking areas, is a violation of the stay agreement and 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. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. No outside guests are permitted without permission. Guests must observe quiet hours from 9 PM to 8 AM, and the home is proactively monitored with decibel sensors for compliance. A valid photo ID is required to complete the booking. A $150 security hold on a credit card is required for incidentals, which is released 3-5 days post check-out, or guests may opt for a $35 non-refundable damage waiver. Optional services such as mid-stay cleanings and early check-in/late checkout are available for additional fees. The unit is equipped with a smart lock for easy check-in and check-out using a personalized access code. Includes a workstation for remote work-friendly needs. One towel per guest per stay. | ||
| 3 bed | 3 bed | 3 bath | 1,528 sqft | $4,639 /mo | The advertised rate of $4,639/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 14, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this modern condo located in the heart of Mass Ave, offering a seamless check-in experience and thoughtful amenities. This unit provides a comfortable and tech-first approach to living like a local. This condo features inviting living areas, a fully-equipped kitchen, and bathrooms complete with toiletries. Enjoy the convenience of an in-unit washer and dryer, and a Smart-TV with streaming apps installed. Parking is available in the building's secure garage, with fees varying according to the length of stay. Guests can also enjoy the resident roof deck and resident clubroom. Nestled in the historic Lockerbie Square district, this downtown spot boasts charming cobblestone streets and 19th-century architecture. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques, and conveniently located near cultural landmarks like the Athenæum. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, and the Old National Centre 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. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. Guests must observe quiet hours from 9 PM to 8 AM. A valid photo ID is required to complete the booking, and the minimum age requirement for the primary person booking is 22 years old. Guests may be asked to undergo a background check. A $150 security hold on a credit card is required for incidentals, which is released 3-5 days post check-out, or guests may opt for a $35 non-refundable damage waiver. Optional services such as mid-stay cleanings and early check-in/late checkout are available for additional fees. The unit is equipped with a smart lock for easy check-in and check-out. Includes complimentary coffee. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Central Heat |
| Fully Equipped Kitchen | Furnished |
| Hanger | Has View |
| Kettle | Linen Towel |
| Private Entrance | Shampoo |
| Toaster | TV |
Appliances
| Coffee Machine | Dishwasher |
| Hair Dryer | In-Unit Laundry |
| Iron | Microwave |
| Oven | Refrigerator |
| Stove |
Tech
| WFH Bundle | WiFi |
Building
| Elevator | Residents Lounge |
| Roof Deck | Smoke Detector |
Grounds
| Assigned Parking | Courtyard |
| Garage Parking | Outdoor Space |
One-time.
One-time. Refundable.
Assigned Parking
Garage Parking
No pets allowed.
Questions about this property’s policies and fees?
| Lease terms | 1–12 months |
|---|
We offer custom pricing for any duration. Rates may vary upon exact move in and move out dates. Please visit our website and enter your dates of stay to see up-to-date pricing for your specific booking.
How 423 East Michigan Street compares to other nearby properties.
Positives
Studio apartments at 423 East Michigan Street cost about 31% more than the average rent price for studios in Downtown Indianapolis.
1-bedroom apartments here are priced 45% higher than 1-bedrooms in Downtown Indianapolis.
If you decide to upgrade your space, you can expect 2-bedrooms at 423 East Michigan Street to be 41% more than the average for similarly sized apartments in Downtown Indianapolis.
3-bedroom apartments at 423 East Michigan Street cost about 34% more than the average rent price for 3-bedroom apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| 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 |
| April 2026 | $955 |
| May 2026 | $951 |
| June 2026 | $906 |
| Month | Median Rent |
|---|---|
| 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 | $1,507 |
| April 2026 | $1,467 |
| May 2026 | $1,507 |
| June 2026 | $1,536 |
Can I afford to live at 423 E Michigan St #1541770P?
Bedrooms
Rent-to-income ratio
30%
$80,480/yr
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