12 Hours Ago
Highlights
- Garden-style apartment homes
- Park-like setting
- Convenient features and amenities
Location
614 Park Madison Dr, Greenwood, IN 46142, USA
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Property Overview
Park Madison Apartments earns a strong overall rating of 8.3/10, with standout value, solid amenities, and a highly convenient location. Its garden-style apartment homes and park-like setting add to its appeal, while the nearby grocery store sits about 1.38 miles away.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Elementary school nearby
- Middle school nearby
Floor plans
| Garden Style 2 Bedroom/2 Bath Apartments | 2 bed | 2 bath | 1,150 sqft | $1,250 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 56 |
|---|
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About Park Madison Apartments
Elevate your lifestyle with our selection of garden-style, 2 bedroom, 2 bathroom apartment homes, where every detail is designed to exceed your expectations. Located in Greenwood, Indiana, Park Madison offers spacious layouts, sunlit rooms, and convenient features and amenities. Our park-like setting community is situated near an abundance of area amenities including restaurants, shopping, major employers, and top-tier schools. In addition, Downtown Indianapolis is about 20 minutes north of Park Madison Apartments providing additional amenities and activities. Contact us today to learn more about Park Madison Apartments!
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Park Madison Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Park Madison Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
Park Madison Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A 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.
With multiple in-demand amenities, Park Madison Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Madison Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While Park Madison Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Park Madison Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Reviews from the web
Showing 8 highest rated
Maintenance has been awesome. The apartment is nice and the staff is great.
K
Jan 09, 2020
Love the maintenance service here! They come the next day two days at the latest after submitting a service request. So impressed.
Paige Imel
Dec 31, 2022
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
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 Park Madison Apartments compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 276 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
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Rent trends in Greenwood
2-bedroom apartments at Park Madison Apartments cost about 11% less than the average rent price for 2-bedroom apartments in Greenwood.
Median rents as of Jun 20 2026.
Greenwood
| Month | Median Rent |
|---|---|
| July 2024 | $1,144 |
| August 2024 | $1,133 |
| September 2024 | $1,138 |
| October 2024 | $1,177 |
| November 2024 | $1,203 |
| December 2024 | $1,147 |
| January 2025 | $1,186 |
| February 2025 | $1,145 |
| March 2025 | $1,149 |
| April 2025 | $1,158 |
| May 2025 | $1,211 |
| June 2025 | $1,221 |
| July 2025 | $1,241 |
| August 2025 | $1,151 |
| September 2025 | $1,234 |
| October 2025 | $1,261 |
| November 2025 | $1,273 |
| December 2025 | $1,226 |
| January 2026 | $1,139 |
| February 2026 | $1,166 |
| March 2026 | $1,242 |
| April 2026 | $1,225 |
| May 2026 | $1,257 |
| June 2026 | $1,244 |
Affordability calculator
Can I afford to live at 614 Park Madison Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 2-bedrooms monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
Schools near Park Madison Apartments
V.O. Isom Central Elementary School
50 e broadway
greenwood, IN, 46143
K-5Public
B
Ray Crowe Elementary
1300 ray crowe way
greenwood, IN, 46143
K-5Public
B
Family Development Services - Southeast Head Start
4024 south madison ave
indianapolis, IN, 46227
PKPublic
Rise Learning Center
5391 s shelby st
indianapolis, IN, 46227
PK, K-12Public
Walnut Grove Elementary School
4079 north morgantown rd
bargersville, IN, 46106
K-5Public
A
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Internet available near Park Madison Apartments
Getting around Greenwood near 614 Park Madison Dr
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 614 Park Madison Dr, Greenwood
Groceries
3/10
No grocery stores within walking distance
Shopping
7/10
Variety of shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
5/10
Limited amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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