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423 East Michigan Street combines a strong overall Zumper rating with top marks for amenities, location, and quality, along with competitive value. Notable features include a non-smoking setting, in-unit laundry, a resident clubroom, and a fully equipped kitchen, while nearby schools, photo coverage, fitness and wellness options, and a lively mix of dining and entertainment add to its appeal.
Things you’ll love
Elementary school nearbyHigh school nearbyElevatorGreat for
Wellness
Social life| Studio | Studio | 1 bath | 462 sqft | $1,805 /mo | The advertised rate of $1,805/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 studio apartment located in the heart of Mass Ave, offering a comfortable living space designed for the modern traveler. This apartment provides seamless check-in and thoughtful amenities, ensuring you live like a local. This studio apartment features inviting living areas and a fully-equipped kitchen, complete with a bathroom stocked 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. Situated in the historic Lockerbie Square district, this downtown apartment offers charming cobblestone streets and 19th-century architecture. It provides easy access to cultural landmarks like the Athenæum and is just a short walk from Mass Ave's vibrant mix of restaurants, bars, and boutiques. Key attractions include the Indiana Convention Center (0.3 miles), Lucas Oil Stadium (0.5 miles), and the Old National Centre (0.6 miles). Quiet hours are observed from 9 PM to 8 AM. This is a non-smoking and no-pets property. Events are not allowed. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. A $500 penalty applies for removing smoke detectors, and a $200 penalty for lost key fobs. No weapons are permitted. No outside guests are allowed without permission. One towel is provided per guest per stay. The minimum age for guests is 22, except for students and interns. A valid photo ID is required to complete the booking. This apartment is equipped with a Smart TV with streaming apps installed, providing a comfortable set-up for remote work. | ||
| 1 bed | 1 bed | 1 bath | 699 sqft | $2,161 /mo | The advertised rate of $2,161/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 spacious 1-bedroom apartment located in the heart of Mass Ave, offering a comfortable living experience for modern travelers. This apartment features inviting living areas, a fully-equipped kitchen complete with a refrigerator, stove, oven, microwave, dishwasher, coffee machine, and toiletries in the bathrooms. Enjoy the convenience of an in-unit washer and dryer, and entertainment options with a Smart-TV and a TV in the living room. 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. Situated in the historic Lockerbie Square district, this downtown apartment 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 0.3 miles from the Indiana Convention Center, 0.5 miles from Lucas Oil Stadium, and 0.6 miles from the Old National Centre. Quiet hours are observed from 9 PM to 8 AM. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. Events are not allowed. Guests must be at least 22 years old, except for students and interns, and a valid photo ID is required to complete the booking. One towel is provided per guest per stay. This apartment is designed with a tech-first approach, ensuring you feel at home while living like a local. | ||
| 2 bed | 2 bed | 2 bath | 828 sqft | $2,697 /mo | The advertised rate of $2,697/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 two-bedroom apartment located in the heart of Mass Ave, in the historic Lockerbie Square district. This apartment offers a comfortable and modern living experience. This apartment features inviting living areas and a fully-equipped kitchen 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. Situated in the charming Lockerbie Square district, this downtown spot boasts 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. Quiet hours are observed from 9 PM to 8 AM. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons are allowed. No outside guests are permitted without permission. One towel is provided per guest per stay. The minimum age for guests is 22, except for students and interns. A valid photo ID is required to complete the booking. Smoking, pets, and events are not allowed. This apartment is designed with a tech-first approach, ensuring a seamless experience for modern travelers. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Bathtub |
| Central Heat | Fully Equipped Kitchen |
| Furnished | Hanger |
| Has View | Kettle |
| Linen Towel | Private Entrance |
| Shampoo | Toaster |
| TV |
Appliances
| Coffee Machine | Dishwasher |
| Hair Dryer | Iron |
| Microwave | Oven |
| Refrigerator | Stove |
Tech
| WFH Bundle | WiFi |
Building
| Elevator | Entertainment Room |
| Roof Deck | Rooftop |
| Smoke Detector |
Grounds
| Assigned Parking | Garage Parking |
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
Considerations
Studio apartments at 423 East Michigan Street cost about 24% more than the average rent price for studios in Downtown Indianapolis.
1-bedroom apartments here are priced 37% 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 16% more than the average for similarly sized apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| August 2024 | $1,053 |
| 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 | $892 |
| July 2026 | $871 |
| August 2026 | $855 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,363 |
| 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 | $1,537 |
| July 2026 | $1,489 |
| August 2026 | $1,451 |
Can I afford to live at 423 E Michigan St #1541770P?
Bedrooms
Rent-to-income ratio
30%
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