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423 East Michigan Street is a highly rated option, earning a 9.6/10 overall with excellent scores for price, amenities, location, quality, and trustworthiness. Residents can enjoy a fully equipped kitchen, in-unit washer and dryer, smoke-free environment, resident clubroom, and smart TV, plus the convenience of nearby well-rated schools and an extensive photo gallery that helps set clear expectations.
Things you’ll love
Elementary school nearbyHigh school nearbyElevatorGreat for
Wellness
Social life| 1 bed | 1 bed | 1 bath | 699 sqft | $2,093 /mo | Feel 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 an inviting living area, 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. Enhance your stay with optional services like mid-stay cleanings and early check-in/late checkout (when 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. 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. Quiet hours are observed from 9 pm to 8 am. Guests must agree not to disturb neighbors at any time during the stay. 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. Check-in is at 4 PM and check-out is at 11 AM (with a $75/hr late fee). No weapons or drugs are allowed; police will be called for violating this rule. Guests must agree to observe quiet hours from 9pm-8am each day. A pet fee may be charged for guests traveling with an emotional support animal. The presence of emotional support animals can be declined. A valid photo ID is required to complete the booking. The minimum age requirement for the primary person booking is 22 years old. |
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 | Smoke Detector |
Grounds
| Assigned Parking |
One-time.
One-time. Refundable.
Assigned Parking
No pets allowed.
Questions about this property’s policies and fees?
| Lease terms | 1–12 months |
|---|
The advertised rate of $2,093/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 12, 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 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 the resident roof deck, resident clubroom, in-unit washer and dryer, and a smart TV with streaming apps installed. There is also a TV in the living room and complimentary coffee. Long-term guests (30 days+) will be subject to a background search and credit check. 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, and Phoenix Theatre and Saint Mary's Catholic Church are both 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. 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 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 weapons or drugs are allowed, and police will be called for any violations. A pet fee may be charged for guests traveling with an emotional support animal, and the presence of emotional support animals can be declined.
How 423 East Michigan Street compares to other nearby properties.
Positives
1-bedroom apartments at 423 East Michigan Street cost about 31% more than the average rent price for 1-bedroom apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| May 2024 | $1,124 |
| 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 |
| April 2026 | $955 |
| May 2026 | $939 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,308 |
| 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 | $1,507 |
| April 2026 | $1,467 |
| May 2026 | $1,490 |
Can I afford to live at 423 E Michigan St #1026475P?
Bedrooms
1 bedroomRent-to-income ratio
30%
$83,720/yr
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