421 East Market Street has received a strong overall rating of 9 out of 10, reflecting its high quality and trustworthiness as a rental option. The property features an impressive array of amenities, including a sundeck, fitness center, and in-unit appliances, receiving perfect scores for both amenities and location. Its competitive pricing combined with extensive visuals, including 30 photos, enhances its appeal, making it a distinctive choice for renters seeking a vibrant lifestyle.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Zumper Expert Rating
8.4
Very Good
With a solid 8.4 out of 10 overall, 421 East Market Street is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, 421 East Market Street has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Things you’ll love
Elevator
Images Available
Outdoor space
Great for
Social life
Eco living
Wellness
Floor plans
Studio
Studio
1 bath
$2,492 /mo
The advertised rate of $2,492/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 studio apartment in downtown Indy. Located on Market St, this apartment is close to Monument Circle, the convention center, and Lucas Oil Stadium.
This spacious studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. Enjoy the convenience of an in-unit washer and dryer, a smart TV with streaming apps, a TV in the living room, and complimentary coffee. Building amenities include a large outdoor pool and sundeck, a fitness center, a grilling area and fireplace, and bike storage. Decor and layout may vary slightly from photos.
Up to two pets are welcome (40lbs combined), with an additional pet fee of $100-300 based on stay length.
Located in the heart of the Market East District, you'll have everything at your fingertips. The Indy Cultural Trail, a world-class urban bike and pedestrian path that connects unique neighborhoods, cultural districts, and entertainment, is just a short walk away. You are also steps from Whole Foods, so you can take advantage of the full kitchen. The Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.3 miles away, Phoenix Theatre is 0.5 miles away, and Saint Mary's Catholic Church is 0.5 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. Guests must agree to not disturb neighbors at all times during the stay and must observe quiet hours from 9pm-8am each day. The apartment is proactively monitored with decibel sensors for compliance with this noise policy. Check-in is at 4 PM and check-out is at 11 AM (a $75/hr late fee applies). 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. No Pit Bulls or Bull Mastiffs [or similar breeds] are allowed. All pets must be on a leash when outside on the property. A pet fee may be charged for guests traveling with an emotional support animal, and the presence of emotional support animals can be declined. 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 a verification portal. In some instances, you may be asked to complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. The minimum age requirement of the primary person booking should be 22 years old. No weapons or drugs are allowed; police will be called for violating this rule.
2 bed
2 bed
2 bath
$3,989 /mo
The advertised rate of $3,988/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 7, 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 two-bedroom apartment in downtown Indy, designed for the contemporary traveler.
This spacious apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. Enjoy access to a large outdoor pool and sundeck, fitness center, grilling area and fireplace, and bike storage. You can also enjoy an in-unit washer and dryer for free, a smart TV with streaming apps installed, a TV in the living room, and complimentary coffee.
A pet fee may be charged for guests traveling with an emotional support animal. Additionally, the presence of emotional support animals can be declined from stays or Experiences. Max 2 pets (40lbs combined) are allowed, but Pit Bulls and Bull Mastiffs [similar breed] are not allowed. An additional pet fee of $100-300 applies based on stay length.
Located on Market St, this apartment is close to Monument Circle, the convention center, and Lucas Oil Stadium. In the heart of the Market East District, you'll have everything at your fingertips. The Indy Cultural Trail, a world-class urban bike and pedestrian path that connects unique neighborhoods, cultural districts, and entertainment, is just a short walk away. You are also just steps from Whole Foods, so you can take advantage of the full kitchen. Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.3 miles away, Phoenix Theatre is 0.5 miles away, and Saint Mary's Catholic Church is 0.5 miles away. A car isn’t necessary to explore the area. Find restaurants, entertainment, and activities within walking distance. There are also Lime and Bird electric scooters in the area available for rent.
This is a smoke-free environment, and smoking of any kind is not permitted within or outside of the 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. There is a $500 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No weapons or drugs are allowed; police will be called for violating this rule. Guests must agree not to 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 per guest per stay. The minimum age requirement of the primary person booking should be 22 years old. A valid photo ID is required to complete the booking. 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. In some instances, you may be asked to complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry.
Let's explore this property.
Amenities for 421 East Market Street
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
Cats OK
Dogs OK
Elevator
Fitness Center
Roof Deck
Smoke Detector
Grounds
Assigned Parking
Outdoor Shared Pool
Storage
Swimming Pool
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 421 East Market Street is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, 421 East Market Street has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 421 East Market Street
Price·5A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Monthly rent at 421 East Market Street is significantly more expensive than other properties in local neighborhoods. Because of the risk associated with the significant cost difference, this building received a 5/10. Some might think the increased cost is justified by the amenities, but it's worth taking a thorough look for yourself and deciding if any premium benefits are worth the extra expense.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
421 East Market Street stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed, furnished rental—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
421 East Market Street offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
421 East Market Street has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at 421 East Market Street.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
421 East Market Street has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.
421 East Market Street is great for:
Social life
429 restaurants within 1 mile of this property
Areas nearby are accessible by walking
The area has transit options
This community has public spaces on site, like fitness centers or pools
Eco living
You can get around by foot in this area
92 parks within a mile
Public transit available nearby
Wellness
On-site fitness center or gym
HVAC systems available onsite
This property has patios or balconies for fresh air
On-site pool or spa
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.
How 421 East Market Street compares to other nearby properties.
Positives
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Considerations
Greater distance from middle schools
The nearest middle school is farther than 1 mile away
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Rent trends in Downtown Indianapolis
Studio apartments at 421 East Market Street cost about 70% more than the average rent price for studios in Downtown Indianapolis.
If you decide to upgrade your space, you can expect 2-bedrooms at 421 East Market Street to be 74% more than the average for similarly sized apartments in Downtown Indianapolis.
Median rents as of Feb 28 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
Month
Median Rent
March 2024
$1,045
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
A table of studio rental data trends in Downtown Indianapolis
Month
Median Rent
March 2024
$1,339
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
Affordability calculator
Can I afford to live at 421 E Market St #1384025P?
Bedrooms
Rent-to-income ratio
30%
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