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423 East Michigan Street offers an exceptional living experience, highlighted by a rigorous Zumper expert rating of 9 out of 10, reflecting its quality and amenities. The property excels with top ratings for location (10) and amenities (10), providing residents with easy access to cultural and recreational venues, alongside standout features such as a clubroom and in-unit laundry. Competitively priced at a 7 rating, it strikes an excellent balance of value, making it a prime choice for those seeking an active social and wellness lifestyle.
Things you’ll love
Elementary school nearbyHigh school nearbyElevatorGreat for
Wellness
Social life| 1 bed | 1 bed | 1 bath | 699 sqft | $2,871 /mo | Feel at home in this spacious 1-bedroom apartment in the heart of Mass Ave. Designed for the modern traveler, this apartment offers a seamless check-in experience. This apartment features an inviting living area, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy access to the resident roof deck and clubroom, an in-unit washer and dryer, a 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. 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. 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 9 pm to 8 am each day, and the apartment is proactively monitored with decibel sensors for compliance with this noise policy. 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/hour late fee. Guests must agree to not disturb neighbors at all times during the stay. A pet fee may be charged for guests traveling with an emotional support animal. 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. Minimum age requirement of primary person booking should be 22 years old. No weapons or drugs are allowed; zero tolerance means police will be called for violating this rule. |
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 $2,871/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 11, 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 apartment offers a seamless check-in and thoughtful amenities. This spacious 1-bedroom 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. 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. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. 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. 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. In addition, guests must agree to observe quiet hours from 9pm-8am each day.
How 423 East Michigan Street compares to other nearby properties.
Positives
1-bedroom apartments at 423 East Michigan Street cost about 73% more than the average rent price for 1-bedroom apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| 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 | $1,039 |
| February 2026 | $1,034 |
| March 2026 | $1,004 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,335 |
| 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 | $1,502 |
| February 2026 | $1,519 |
| March 2026 | $1,479 |
Can I afford to live at 423 E Michigan St #1032093P?
Bedrooms
1 bedroomRent-to-income ratio
30%
$114,840/yr
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1–2 Beds
$935–$1,802
Martindale - Brightwood • 3200 Dr Andrew J Brown Ave
Studio–2 Beds
$995–$2,100
St. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,159–$1,450
Downtown Indianapolis • 421 N Pennsylvania St
Studio–2 Beds
$1,491–$3,792
Speedway • 2202 Fair Oaks Dr
1–2 Beds
$799–$1,894
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$809–$1,578
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$635–$950
