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5+ Days Ago

Highlights

  • Pet Friendly
  • Spacious apartments
  • Fitness center
  • Controlled access
  • On-site laundry
  • Dishwashers
  • Large master bedrooms

Location

111 East 16th Street, Indianapolis, Indiana 46202, United States|Near Northside
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Property Overview

Penn Arts Apartments offers spacious living with a diverse array of amenities, including a fitness center and on-site laundry. With a Zumper expert rating of 7.9 and high scores for both price and location at 8 and 9, it strikes an attractive balance of affordability and quality. The property is well-situated for social engagement and pet ownership, providing easy access to local attractions, transport, schools, and recreational spaces, further enhancing its appeal.

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

7.9
Very Good
Penn Arts Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • More space

Great for

  • Social life
  • Pet owners

Floor plans

Near Downtown Indianapolis1 bed2 bath962 sqft
Near Downtown Indianapolis2 bed2 bath1,017 sqftcom lz b5967ed085 ---- Welcome to Penn Arts Apartments, located in the vibrant, historic Old Northside neighborhood. This walkable area offers fantastic dining, including an on-site coffee shop and ice cream shop, with a sushi spot and barber just across the street. Inside, the apartments are exceptionally spacious, featuring abundant natural light, full-size kitchens with dishwashers, large master bedrooms, and two bathrooms—ideal for guests. Building amenities include on-site laundry, off-street parking, secured bike storage, controlled access, and a fitness center. Experience generous space, modern convenience, and a lively community at Penn Arts Apartments. Contact our office today to arrange a personalized tour, or indulge in our immersive 3D Virtual Tour. Contact Us Today: 317-489-9760 **** Virtual Tour Link: https my matterport com show ?m=jaHxnEzZhBu&

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Downtown Indianapolis • 421 421 North Penn Street

1–2 Beds

$1,370–$3,835

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The Domino

Our team has verified this company

Martindale - Brightwood • 3200 Dr Andrew J Brown Avenue

1–2 Beds

$1,499–$2,120

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Industry Indianapolis

Our team has verified this company

Downtown Indianapolis • 421 421 North Penn Street

1–2 Beds

$1,370–$3,835

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The Grounds

Our team has verified this company

Near Northside • 2136 Central Avenue

1–2 Beds

$1,299–$2,617

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Maxwell Apartments

Our team has verified this company

Downtown Indianapolis • 530 East Ohio Street

1–2 Beds

$1,365–$1,635

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Riverview

Our team has verified this company

Near Westside • 460 North White River Parkway West Drive

1–2 Beds

$1,319–$2,279

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Near Northside • 1335 Central Avenue

2 Beds

$1,450

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Near Southeast • 5056 Emerton Place

2 Beds

$1,095

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The Riverside Apartment Homes

Our team has verified this company

Marian - Cold Springs • 2638 Cold Spring Manor Drive

1–2 Beds

$799–$1,329

Rent trends in Near Northside

Median rents as of Dec 13 2025.
Near Northside
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
December 2023$900
January 2024$900
February 2024$908
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$1,022
A table of studio rental data trends in Near Northside
MonthMedian Rent
December 2023$675
January 2024$690
February 2024$725
March 2024$943
April 2024$935
May 2024$955
June 2024$795
July 2024$854
August 2024$855
September 2024$831
October 2024$850
November 2024$859
December 2024$901
January 2025$917
February 2025$948
March 2025$957
April 2025$825
May 2025$849
June 2025$977
July 2025$1,103
August 2025$958
September 2025$1,309
October 2025$957
November 2025$907
December 2025$849

Schools near Penn Arts Apartments

Ips - Butler Lab at William Bell 60

3330 n pennsylvania

indianapolis, IN, 46205

PK, K-8Public
C+

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-

Francis Bellamy Pre-School Center

9501 e 36th st

indianapolis, IN, 46236

PKPublic
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Internet available near Penn Arts Apartments

Getting around Indianapolis near 111 East 16th Street

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 111 East 16th Street, Indianapolis

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

Explore the area around 111 East 16th Street

Kroger
524 E 16th St
Kroger
227 W Michigan St
Needler's Fresh Market
320 N New Jersey St
Market Square Tap Room
320 E Market St
Whole Foods Market
320 E Market St

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