Nearby rentals
Property management
Pet Friendly
Powered by Zumper AI
Penn Street Tower Apartments is a highly rated option with strong value, standout amenities, and a convenient location, supported by an 8.3 expert rating, excellent price-to-value, and a 10/10 amenities score. It offers 1 and 2 bedroom high-end apartments and is noted for nearby groceries, public transit, schools, parks, gyms, dining, and cultural spots, along with features that appeal to commuters, remote workers, pet owners, and active lifestyles.
Things you’ll love
High school nearbyLess expensiveEco-friendly trash disposalGreat for
Pet owners
Work-from-home
Eco living| Wabash: Floors 02-07 | 1 bed | 1 bath | 788 sqft | $1,199–$2,207 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at. | |
| Wabash: Floors 13-15 | 1 bed | 1 bath | 788 sqft | $1,199–$2,243 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at. | |
| St. Clair: Floors 10-12 | 1 bed | 1 bath | 697 sqft | $1,224–$2,490 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at. | |
| Wabash: Floors 10-12 | 1 bed | 1 bath | 788 sqft | $1,249–$2,295 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at. | |
| Senate: Floors 08-09 | 2 bed | 1 bath | 1,019 sqft | $1,299–$2,369 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at | |
| Maryland: Floors 13-15 | 2 bed | 1 bath | 1,023 sqft | $1,499–$2,933 /mo | 1 unit available | Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at. |
Let's explore this property.
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Oven | Range |
| Refrigerator | Stove |
| Washer and Dryer |
Building
| Cats OK | Dogs OK |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 98 |
|---|
Standing a block away from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments.
Showing 8 highest rated
I lived at this apartment complex for two years and loved the location. The apartment units are nicely renovated and you truly get the most space for your money when it comes to downtown living. The building manager (Jason) was extremely attentive any time I had an issue and any service requests I put in were resolved quickly. In addition the building is pet friendly. I would recommend this complex to young professionals and grad students who want a quiet, clean place to call home!
Alexa Zambory
Jul 15, 2021
I just moved out after living here for almost 3 years. This has been by far the best apartment complex I’ve lived in. Jason in the leasing office was a big part of that. He was always responsive and helped me with whatever I needed. He made sure that my apartment was always in good shape and was always very friendly whenever I ran into him in the hallway. Maintenance was also on top of the few issues that came up and took care of everything in a very professional manner. I would definitely recommend living here!
Arnold Schaefer
Dec 10, 2021
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Penn Street Tower Apartments compares to other nearby properties.
Positives
1-bedroom apartments here are priced 19% lower than 1-bedrooms in Downtown Indianapolis.
If you decide to upgrade your space, you can expect 2-bedrooms at Penn Street Tower Apartments to be 36% less than the average for similarly sized apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| October 2024 | $1,133 |
| 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 | $888 |
| September 2026 | $930 |
| October 2026 | $945 |
| Month | Median Rent |
|---|---|
| October 2024 | $1,332 |
| 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 | $1,474 |
| September 2026 | $1,466 |
| October 2026 | $1,444 |
Can I afford to live at 115 N Pennsylvania St?
Bedrooms
Rent-to-income ratio
30%
$48,460/yr
2020 dawson st
indianapolis, IN, 46203
320 n tibbs ave
indianapolis, IN, 46222
320 n tibbs ave
indianapolis, IN, 46222
320 n tibbs ave
indianapolis, IN, 46222
3330 n pennsylvania
indianapolis, IN, 46205
Martindale - Brightwood • 3132 Dr Andrew J Brown Ave
Studio–2 Beds
$999–$2,120
Speedway • 6363 Hollister Drive
Studio–3 Beds
$700–$1,429
I65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,157–$5,313
Near Northside • 2136 Central Ave
Studio–3 Beds
$1,224–$3,017
8016 Louisville Dr
2–3 Beds
$1,210–$1,401
Linden Wood • 7266 Lockwood Ln
1–2 Beds
$910–$1,399
Southport • 2110 E Southport Rd
Studio–2 Beds
$1,325–$1,899
Martindale - Brightwood • 3132 Dr Andrew J Brown Ave
Studio–2 Beds
$999 –$2,120
Speedway • 6363 Hollister Drive
Studio–3 Beds
$700–$1,429
I65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,157–$5,313
Near Northside • 2136 Central Ave
Studio–3 Beds
$1,224–$3,017
8016 Louisville Dr
2–3 Beds
$1,210–$1,401
Linden Wood • 7266 Lockwood Ln
1–2 Beds
$910–$1,399
Southport • 2110 E Southport Rd
Studio–2 Beds
$1,325–$1,899
