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423 East Michigan Street stands out with a strong Zumper rating of 9.6 out of 10, reflecting excellent value, top-tier amenities, and a highly rated location and quality. It also offers notable conveniences like a dishwasher, wheelchair access, a modern apartment layout, a refrigerator, a fully-equipped kitchen, and an in-unit washer and dryer, plus nearby schools and plenty of photos for a clearer look. The property is a fit for renters who want easy access to fitness and wellness options, pet-related amenities, and a lively surrounding area with many dining and entertainment choices.
Things you’ll love
Elementary school nearbyHigh school nearbyCentral heatGreat for
Social life
Pet owners
Wellness| Studio | Studio | 1 bath | 462 sqft | $1,579 /mo | The advertised rate of $1,579/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 21, 2027. 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 in the heart of Mass Ave, offering a comfortable living space designed for the modern traveler. This unique apartment is wheelchair accessible and features a tech-first approach to ensure you live like a local. 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. Complimentary coffee is provided. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets and 19th-century architecture. 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. Smoking, parties, and events are not allowed. 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/hr late fee. A valid photo ID is required to complete the booking. The minimum age for guests is 22, except for students and interns. One towel is provided per guest per stay. Please note that amenities are available at the property's discretion, and refunds cannot be processed if an amenity is closed during your stay. This apartment is designed with a tech-first approach, ensuring you feel at home while living like a local. The Smart-TV with streaming apps installed can be utilized for work or entertainment. | ||
| 1 bed | 1 bed | 1 bath | 699 sqft | $1,795 /mo | The advertised rate of $1,795/month is the lowest available price, based on a 30 day(s) stay with a move-in date of December 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 spacious one-bedroom apartment located in the heart of Mass Ave, in the historic Lockerbie Square district. This apartment offers a tech-first approach with seamless check-in and thoughtful amenities, ensuring you live like a local. This 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. Enjoy the convenience of parking in the building's secure garage (subject to availability), with parking fees charged per vehicle and varying according to the length of stay. You can also enjoy the resident roof deck and resident clubroom. Pets are allowed with an additional $100-300 pet fee based on stay length, collected separately. Max 2 pets - Dogs Only (50lbs combined) No Pit Bulls Bull Mastiffs [similar breed]. Situated in the local's favorite neighborhood, you're steps away from fantastic bars and restaurants. 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. Quiet hours are observed from 9 PM to 8 AM. Smoking is not allowed, and there is a $500 penalty for removing smoke detectors. Events are not allowed. Check-in is at 4 PM and check-out is at 11 AM, with a $75/hr late fee. There is a $200 penalty for lost key fobs. No weapons will be tolerated and will be reported to the police, with the contract being immediately terminated. No outside guests are allowed without permission. One towel is provided per guest per stay. The minimum age to book is 22, except for students/interns. A valid photo ID is required to complete the booking. This apartment is designed for the modern traveler with a tech-first approach. | ||
| 2 bed | 2 bed | 2 bath | 828 sqft | $2,195 /mo | The advertised rate of $2,195/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 29, 2027. 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 wheelchair-accessible unit offers a comfortable and modern living experience, ensuring you feel like a local. This apartment features inviting living areas and fully-equipped kitchens, complete with complimentary toiletries and coffee. The bathrooms are well-appointed for your convenience. Entertainment is provided by a Smart-TV with streaming apps installed, and an additional TV in the living room. Enjoy the convenience of parking in the building's secure garage, subject to availability, with fees varying according to the length of stay. You can also take advantage of the resident roof deck and resident clubroom. An in-unit washer and dryer are provided for your convenience. Situated in the beloved Lockerbie Square district, this downtown gem boasts charming cobblestone streets and 19th-century architecture. You'll be just a short walk from Mass Ave's vibrant array of restaurants, bars, and boutiques, and conveniently close to cultural landmarks like the Athenæum. Key destinations are within easy reach: the Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, the 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. Please be aware that quiet hours are observed from 9 PM to 8 AM. This is a non-smoking property, and events are not allowed. A $500 penalty will be incurred for removing smoke detectors, and a $200 penalty for lost key fobs. No weapons are permitted on the premises, and any violation will result in immediate contract termination and police reporting. Outside guests are not permitted without prior permission. A maximum of one towel is provided per guest per stay. The minimum age for guests is 22, with exceptions for students and interns. A valid photo ID is required to complete the booking. For guests bringing pets, a maximum of two dogs are allowed, with a combined weight limit of 50lbs, and certain breeds such as Pit Bulls and Bull Mastiffs are not permitted. An additional pet fee of $100-300, based on stay length, will be collected separately. Check-in is at 4 PM and check-out is at 11 AM, with a $75 per hour late fee for late check-outs. Amenities are available at the property's discretion, and refunds cannot be processed if an amenity is closed during your stay. This apartment is designed with the modern traveler in mind, offering a tech-first approach to ensure a seamless stay. | ||
| 3 bed | 3 bed | 3 bath | 1,528 sqft | $3,694 /mo | The advertised rate of $3,694/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 25, 2027. 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 apartment located in the heart of Mass Ave, offering a seamless check-in experience and thoughtful amenities for a local living experience. This listing represents one of several unique units in the building, so decor and layout may vary slightly from the photos. This apartment features inviting living areas and a fully-equipped kitchen complete with a refrigerator, stove, microwave, and dishwasher. The bathrooms are stocked with toiletries. Enjoy the convenience of an in-unit washer and dryer, and entertainment options include a Smart TV with streaming apps installed. Parking is available in the building's secure garage, subject to availability, with fees varying according to the length of stay. Guests can also enjoy the resident roof deck and resident clubroom. Pets are allowed, with a maximum of two dogs (under 50lbs combined, no Pit Bulls or Bull Mastiffs), and an additional pet fee ranging from $100-300 based on stay length, collected separately. 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 close to 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. Quiet hours are observed from 9 PM to 8 AM. Smoking and events are not allowed. There is a $75 per hour late fee for check-out after 11 AM. A $500 penalty applies for removing smoke detectors, and a $200 penalty for lost key fobs. Weapons are not permitted and will be reported to the police, resulting in immediate contract termination. Outside guests are not 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. This apartment is designed with a tech-first approach, ensuring you feel at home while living like a local. Enjoy seamless check-in and 24/7 customer service ready to assist you. Please note that the photos in this listing showcase a curated selection of images from similar apartments within the same building, reflecting the style and quality you can expect. While not all images depict the exact unit, they accurately represent the design, furnishings, and amenities. |
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 | View |
Appliances
| Coffee Machine | Dishwasher |
| Hair Dryer | Iron |
| Microwave | Oven |
| Refrigerator | Stove |
Tech
| WFH Bundle | WiFi |
Building
| Cats OK | Dogs OK |
| Elevator | Fitness Center |
| Gym | Roof Deck |
| Rooftop | Smoke Detector |
| Wheelchair Accessible |
Grounds
| Assigned Parking | Garage Parking |
One-time.
One-time. Refundable.
Assigned Parking
Garage Parking
Contact for more information on pet policy.
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 10% more than the average rent price for studios in Downtown Indianapolis.
1-bedroom apartments here are priced 24% 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 1% more than the average for similarly sized apartments in Downtown Indianapolis.
3-bedroom apartments at 423 East Michigan Street cost about 27% more than the average rent price for 3-bedroom apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| 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 | $888 |
| September 2026 | $930 |
| October 2026 | $963 |
| November 2026 | $997 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,330 |
| 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 | $1,474 |
| September 2026 | $1,466 |
| October 2026 | $1,435 |
| November 2026 | $1,436 |
Can I afford to live at 423 E Michigan St #1541769P?
Bedrooms
Rent-to-income ratio
30%
$63,160/yr
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$1,100–$1,750
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Studio–2 Beds
$731–$1,574
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Studio–2 Beds
$1,108–$2,229
Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.I65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,099–$4,617
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Broad Ripple • 888 E 66th St
2 Beds
$1,774–$1,882
Total Monthly Price. The price shown reflects a 9-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Allisonville • 7503 Ivywood Cir
1–3 Beds
$924–$1,685
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Lafayette Square • 4301 Falcon Creek Blvd
1–3 Beds
$1,100–$1,750
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.8016 Louisville Dr
2–3 Beds
$1,225–$1,416
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.Arlington Woods • 3775 Allerton Pl
3 Beds
$1,600
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.I69-Fall Creek • 7601 Carlton Arms Dr
Studio–2 Beds
$731–$1,574
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
