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Highlights

  • Rent Special
  • Pet Friendly

Location

515 E Market St, Indianapolis, IN 46204, USA|Downtown Indianapolis
Hi! Let’s figure out if this property is right for you.

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Tour The E'Laan

Contact

Management

Birge and Held Asset Management, LLC

Leasing office

(844) 334-0271 ext. 9452

Open 

Wednesday 9:00 am–6:00 pm ET

Property Overview

The E'Laan is a highly rated, verified community with an overall Zumper Expert Rating of 8.6/10, offering a strong balance of price (8/10), high-quality amenities (9/10), excellent location (9/10), and trusted management (8/10). It delivers standout value for money and value per square foot in its area, and is especially appealing for an active social lifestyle and pet owners, supported by numerous nearby restaurants, cultural venues, mixed-use spaces, and pet services.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, The E'Laan is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The E'Laan has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space

Great for

  • Social life
  • Pet owners

Floor plans

The HollowayStudio1 bath570 sqft$1,303 /mo1 unit available
The Vonnegut1 bed1 bath880 sqft$1,478 /mo1 unit available
The Vonnegut II1 bed1 bath884 sqft$1,553 /mo1 unit available

Let's explore this property.

Amenities for The E'Laan

Apartment Amenities

2nd FloorFull Size Washer/Dryer in Unit
Top FloorVaulted LR Ceiling
View

Appliances

In-Unit Laundry

Building

Cats OKDogs OK

Grounds

Assigned ParkingGarage Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Application Fee

Per-applicant. Online Application Fee.

$60

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Cable/internet Package

Monthly. Tech Fee.

$5

Sewer Reimbursement

Monthly. Sewer Reimbursement.

$15–$20

Water Reimbursement

Monthly. Water Reimbursement.

$15–$20

Trash Reimbursement

Monthly. Trash Reimbursement.

$30

High Speed Internet

Monthly. Bulk Internet Charges.

$65

Pest Control Reimbursement

Monthly. Pest Control Reimbursement.

$5

Personal Content Insurance (Optional)

Monthly. Personal Content Coverage Fee.

$8

Liability Insurance

Monthly. Building and Facilities Fee.

$15

OPTIONAL FEES

Parking Policy

Other

Ted`s Surface Lot - Parking.

Other

Parking Fee

Monthly. 2 others max. Unassigned parking.

$65

Dog Policy

Allowed

Cat Policy

Allowed

Cat

Pet Rent

Monthly. 2 cats max. Pet Rent - Cat.

$30

Pet Fee

One-time fee per pet.

$300

Dog

Pet Rent

Monthly. 2 dogs max. Pet Rent - Dog.

$30

Pet Fee

One-time fee per pet.

$300

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Year built2014
Units24
Lease terms6–15 months
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About The E'Laan

HomeApartments in IndianapolisDowntown Indianapolis The E'Laan

Welcome to The E’Laan, a residential community featuring studio, one and two bedroom apartments in Downtown Indianapolis, IN. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining and entertainment options. Are you looking for an apartment for rent Indianapolis, IN? Contact our friendly, professional office staff to schedule a tour today.


Year Built: 2014

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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The E'Laan is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The E'Laan has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The E'Laan
Price·8A 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.
Scoring a 8/10, The E'Laan is a great option for renters looking for apartments in Downtown Indianapolis. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A 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.
The E'Laan stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The E'Laan 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·9A 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.
The E'Laan has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

Beautiful apartments my friend lives there the maintenance guy Lewis is a really nice guy and does a great job I will move there with that type of service 😊

Donna Markey

Donna Markey

Jun 25, 2024

Nice and friendly staff / nice apartment no complaints at all

Nicholas Coleman

Nicholas Coleman

Aug 31, 2024

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

The E'Laan is great for:

Social life

  • 391 restaurants within 1 mile of this property
  • 414 mixed-use spaces nearby
  • 173 museums, art galleries, or cultural centers within 1 mile
  • 76 local event hubs within 1 mile

Pet owners

  • 8 pet hospitals in the area
  • 1 dog park within 1 mile
  • 9 pet supply stores near the property
  • 3 pet grooming services nearby

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 The E'Laan compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
More space
The 1-bedroom is 111 sqft larger than other listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Downtown Indianapolis

Studio apartments at The E'Laan cost about 10% less than the average rent price for studios in Downtown Indianapolis.

1-bedroom apartments here are priced 2% lower than 1-bedrooms in Downtown Indianapolis.

Median rents as of May 9 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
May 2024$1,109
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$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
April 2026$955
May 2026$943
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
May 2024$1,321
June 2024$1,335
July 2024$1,350
August 2024$1,361
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$1,465

Affordability calculator

Can I afford to live at 515 E Market St?

Bedrooms

Rent-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

$52,120/yr

With your selected rent-to-income ratio, you'd ideally want to make $52,120 annually to afford this studio monthly rent price of $1,303.
For more information on rent affordability, visit our rent calculator.

Schools near The E'Laan

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-

Ips - Butler Lab at William Bell 60

3330 n pennsylvania

indianapolis, IN, 46205

PK, K-8Public
C+

Impact Academy

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
D

Impact Academy 2

320 n tibbs ave

indianapolis, IN, 46222

K-12Public

Impact Academy 3

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
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Internet available near The E'Laan

Getting around Indianapolis near 515 E Market St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 515 E Market St, Indianapolis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

7/10
Several bars within a few minutes’ walk

Explore the area around 515 E Market St

Market Square Tap Room
320 E Market St
Whole Foods Market
320 E Market St
Needler's Fresh Market
320 N New Jersey St
Kroger
227 W Michigan St
City Dogs Grocery
1028 Virginia Ave

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