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Penn Arts Apartments offers spacious apartments with large master bedrooms, controlled access, on-site laundry, dishwashers, and a fitness center, pairing strong everyday convenience with a high amenity level. With an overall Zumper Expert Rating of 8 out of 10, plus excellent location and value indicators, it also stands out for nearby dining, entertainment, and pet-related resources.
Things you’ll love
High school nearbyMore spaceElementary school nearbyGreat for
Social life
Pet owners| Near Downtown Indianapolis | 2 bed | 2 bath | 1,017 sqft | $1,088 /mo | 1 unit available |
Let's explore this property.
Appliances
| Dishwasher |
Building
| Cats OK | Controlled Access |
| Dogs OK | Fitness Center |
| Onsite Laundry |
Grounds
| Storage |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Year built | 1923 |
|---|---|
| Units | 1 |
SCHEDULE A SHOWING ONLINE AT: showmojo. com lz 3c74d5b05e ---- 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&
Showing 6 highest rated
I lived here a couple years back and really enjoyed it. Never had any issues living there. It’s an old building with charm. I really enjoyed the convenience of being near everything. It’s a great neighborhood. By far my favorite place I have lived.
B P
Jan 31, 2024
Don’t be fooled by the looks of this apartment. 90% of the windows will be painted shut, and don’t have screens. The plumbing is so old that no matter how clean you are, you’ll always seem to have slow drainage (showers in calf deep water everyday). Heat is controlled by a boiler that is constantly under repair (had 3 winters here with inconsistent heat). The hot water also is constantly under repair, leaving residents with cold water, or no water constantly. There are no background checks or references needed during application process so the people are…..there’s a lot of theft and vandalism. During the warm months you’ll have a gnat infestation, every year, they’re in the pipes and management doesn’t care. Have maintenance requests from year 1 that still haven’t been answered. Will be moving asap.
m Frank
Feb 15, 2024
We’re sharing just 6 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Penn Arts Apartments compares to other nearby properties.
Positives
2-bedroom apartments at Penn Arts Apartments cost about 30% less than the average rent price for 2-bedroom apartments in Near Northside.
| Month | Median Rent |
|---|---|
| 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 |
| April 2026 | $955 |
| May 2026 | $951 |
| June 2026 | $892 |
| July 2026 | $871 |
| August 2026 | $878 |
| Month | Median Rent |
|---|---|
| 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 | $841 |
| January 2026 | $806 |
| February 2026 | $867 |
| March 2026 | $799 |
| April 2026 | $799 |
| May 2026 | $799 |
| June 2026 | $796 |
| July 2026 | $802 |
| August 2026 | $799 |
Can I afford to live at 111 E 16th St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$43,520/yr
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Martindale - Brightwood • 3200 Dr Andrew J Brown Ave
1–2 Beds
$1,408–$2,120
St. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,009–$1,450
Augusta - New Augusta • 3947 Point Bar Rd
1–2 Beds
$1,200–$1,525
Castleton • 8210 Lakeshore Trail East Dr
1–2 Beds
$1,176–$1,591
Broad Ripple • 888 E 66th St
1–2 Beds
$1,325–$1,956
2910 White Knight Blvd
2–3 Beds
$1,375–$1,650
Near Westside • 460 N White River Pkwy West Dr
1–2 Beds
$1,350–$1,495
