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Five Twenty Virginia is rated highly overall, with strong marks for value, amenities, location, and quality, alongside a solid trustworthiness score. It stands out for vaulted ceilings, large windows, updated appliances, modern living, and free parking, while nearby transit, walkability, parks, restaurants, and sports facilities add to its appeal.
Things you’ll love
Middle school nearbyDishwasherImages AvailableGreat for
Wellness
Eco living
Social life| H | 2 bed | 1 bath | 856 sqft | $1,812 /mo | 1 unit available | Welcome to Five Twenty Virginia Apartments, nestled in the vibrant and historic Fletcher Place neighborhood, just steps away from the bustling Virginia Avenue and Fountain Square. Even though construction for this building first started 1886 and acted as the first two-story school in the city, you will experience the epitome of modern living in our thoughtfully designed units, where every detail is crafted to enhance your lifestyle. Each apartment boasts updated appliances, including a convenient dishwasher, complemented by sleek wood floors and vaulted ceilings that add character and charm to your space. With ample natural light streaming through large windows, your home becomes a bright and inviting sanctuary. We are a dog free community, cats are welcome with a $100 one-time pet fee. At Five Twenty Virginia, convenience meets peace of mind with keyless building entry and free parking for residents. While most utilities, including gas heat, are included in rent, residents are responsible for electric and renters' insurance. There is a communal laundry facility located in the lobby of the building. Discover the perfect blend of historic charm and contemporary comfort at Five Twenty Virginia Apartments. |
Let's explore this property.
Apartment Amenities
| Gas | Hardwood Floor |
| Historic Architecture | Trash |
| Water |
Appliances
| Dishwasher | Garbage Disposal |
| Microwave | Range |
| Refrigerator/Freezer | Stove |
Building
| Cats OK | Dogs OK |
| Onsite Laundry | Sewer |
Grounds
| Assigned Parking |
Services
| 24 Hour Emergency Maintenance |
One-time.
One-time. Refundable.
Assigned Parking
Questions about this property’s policies and fees?
| Units | 24 |
|---|
Welcome to Five Twenty Virginia Apartments, nestled in the vibrant and historic Fletcher Place neighborhood, just steps away from the bustling Virginia Avenue and Fountain Square. Even though construction for this building first started 1886 and acted as the first two-story school in the city, you will experience the epitome of modern living in our thoughtfully designed units, where every detail is crafted to enhance your lifestyle. Each apartment boasts updated appliances, including a convenient dishwasher, complemented by sleek wood floors and vaulted ceilings that add character and charm to your space. With ample natural light streaming through large windows, your home becomes a bright and inviting sanctuary. We are a pet friendly community. The non-refundable one-time pet fee is $250 per pet, and the pet rent is $25 a month. At Five Twenty Virginia, convenience meets peace of mind with keyless building entry and free parking for residents. Residents are responsible for all utilities, and renters' insurance. There is a communal laundry facility located in the lobby of the building. Discover the perfect blend of historic charm and contemporary comfort at Five Twenty Virginia Apartments.
Showing 4 highest rated
Beautiful apartments right in the middle of Fletcher Place Neighborhood! The area is incredibly walkable to multiple coffee shops, parks, bakeries, breweries, and great restaurants (with just a short walk over the highway to downtown Fountain Square with even more!) I love living in this area and the experience at 520 Virginia Apartments has been great. Beautiful high ceilings, huge windows with natural light, spacious, updated kitchens, and overall great amenities! Maintenance is VERY responsive and quick! I haven't experienced any negatives and have been here almost a year.
Erin Rinks
Feb 10, 2021
Best location in Indy for access to Fletcher Place, Fountain Square, and downtown. Gorgeous high ceilings and floor to ceiling windows in every room. Vintage & historic feel with modern appliances. Loved living here!
Amelia Kramer
Feb 10, 2021
We’re sharing just 4 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Five Twenty Virginia compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at Five Twenty Virginia cost about 23% less than the average rent price for 2-bedroom apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| August 2024 | $1,059 |
| 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 |
|---|---|
| August 2024 | $1,372 |
| 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 | $1,507 |
| April 2026 | $1,467 |
| May 2026 | $1,507 |
| June 2026 | $1,537 |
| July 2026 | $1,489 |
| August 2026 | $1,456 |
Can I afford to live at 520 Virginia Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$72,480/yr
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