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Slate Apartments scores highly across various evaluations, achieving an overall Zumper rating of 8.5 and excelling in amenities with a perfect score of 10. The property is competitively priced, offering an impressive balance of value for its features, including spacious layouts and top-floor fitness facilities. Additionally, it is recognized for its pet-friendly environment and strong social and fitness communities, with ample nearby parks and recreational options.
Things you’ll love
More spaceMiddle school nearbyDishwasherGreat for
Wellness
Pet owners
Social life| A- Studio | Studio | 1 bath | 596 sqft | $1,390 /mo | 2 units available | Slate is in the beautiful Fletcher Place neighborhood which is located between downtown Indianapolis and the Fountain Square Cultural District, Slate sits directly on the Indianapolis Cultural Trail which provides easy access to some of Indianapolis' most unique dining experiences, night life and art galleries. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings shown in pictures may not be identical to the furnishings provided in this unit. | |
| C- One Bedroom | 1 bed | 1 bath | 690 sqft | $1,590–$1,690 /mo | 2 units available | Slate is in the beautiful Fletcher Place neighborhood which is located between downtown Indianapolis and the Fountain Square Cultural District, Slate sits directly on the Indianapolis Cultural Trail which provides easy access to some of Indianapolis' most unique dining experiences, night life and art galleries. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings shown in pictures may not be identical to the furnishings provided in this unit. | |
| E- One Bedroom | 1 bed | 1 bath | 803 sqft | $1,740 /mo | 1 unit available | Slate is in the beautiful Fletcher Place neighborhood which is located between downtown Indianapolis and the Fountain Square Cultural District, Slate sits directly on the Indianapolis Cultural Trail which provides easy access to some of Indianapolis' most unique dining experiences, night life and art galleries. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings shown in pictures may not be identical to the furnishings provided in this unit. | |
| F- 2 Bedroom | 2 bed | 2 bath | 1,100 sqft | $2,190 /mo | 1 unit available | Slate is in the beautiful Fletcher Place neighborhood which is located between downtown Indianapolis and the Fountain Square Cultural District, Slate sits directly on the Indianapolis Cultural Trail which provides easy access to some of Indianapolis' most unique dining experiences, night life and art galleries. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings shown in pictures may not be identical to the furnishings provided in this unit. | |
| I- 2 Bedroom | 2 bed | 2.5 bath | 1,271 sqft | $2,290 /mo | 2 units available | Slate is in the beautiful Fletcher Place neighborhood which is located between downtown Indianapolis and the Fountain Square Cultural District, Slate sits directly on the Indianapolis Cultural Trail which provides easy access to some of Indianapolis' most unique dining experiences, night life and art galleries. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings shown in pictures may not be identical to the furnishings provided in this unit. |
Let's explore this property.
Apartment Amenities
| Balcony | Large Balcony |
| Trash | Walk-in Closet |
| Washer/Dryer Hookups |
Appliances
| Dishwasher | Icemaker |
| In-Unit Laundry | Microwave |
| Oven | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Tech
| Electronic Locks |
Building
| Cats OK | Controlled Access Building |
| Controlled Package Room | Dogs OK |
| EV Charging | Fitness Center |
Grounds
| Assigned Parking | One Parking Space Included |
Services
| Package Service |
One-time.
One-time. Refundable.
Assigned Parking
Questions about this property’s policies and fees?
| Units | 68 |
|---|
Welcome to Slate Apartments, located on Virginia Ave, where modern living meets convenience and style! Our community offers a variety of spacious and thoughtfully designed studio, one-bedroom, and two-bedroom apartments. Skyline views of Downtown Indianapolis, kitchen islands with waterfall countertops, stainless steel appliances, washer and dryer, and large balconies are some of the apartment amenities offered. Community amenities include a top floor fitness room, green roof terrace with grill, and surface lot parking for guests. Slate is home to Tappers Arcade and Old National Bank. Located right on the Cultural Trail in the venerable Holy Rosary/Fletcher Place neighborhood/Fountain Fletcher District
How Slate Apartments compares to other nearby properties.
Positives
Considerations
Studio apartments at Slate Apartments cost about 9% less than the average rent price for studios in Downtown Indianapolis.
1-bedroom apartments here are priced about the same as 1-bedrooms in Downtown Indianapolis.
If you decide to upgrade your space, you can expect 2-bedrooms at Slate Apartments to be 2% less than the average for similarly sized apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| 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 | $1,006 |
| Month | Median Rent |
|---|---|
| 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 | $1,493 |
Can I afford to live at 501 Virginia Ave?
Bedrooms
Rent-to-income ratio
30%
$55,600/yr
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$995–$2,120
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