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Penrose on Mass
Penrose on Mass presents an exceptional living experience, reflected in its strong Zumper rating of 8.7, highlighting its competitive pricing and impressive amenities. The property excels in location with a score of 9, offering convenient access to schools, restaurants, and cultural attractions. Additionally, it demonstrates transparency and trustworthiness with an 8 out of 10 rating, supported by detailed descriptions and a wealth of nearby pet-friendly options, making it an attractive choice for those valuing both lifestyle and convenience.
Things you’ll love
Elementary school nearbyMore spaceMiddle school nearbyGreat for
Pet owners
Social life| Studio B Courtyard (shower/no balc/cy) | Studio | 1 bath | 505 sqft | $1,190–$1,240 /mo | 6 units available | ||
| Studio C Courtyard (tub/split/no balc/cy) | Studio | 1 bath | 589 sqft | $1,310–$1,360 /mo | |||
| Studio A NJ/North Street (tub/no balc) | Studio | 1 bath | 584 sqft | $1,350 /mo | 3 units available | ||
| Studio A Courtyard (tub/no balc) | Studio | 1 bath | 584 sqft | $1,360–$1,410 /mo | |||
| Studio D Courtyard (shower/balc/cy) | Studio | 1 bath | 688 sqft | $1,570–$1,620 /mo | |||
| Studio Loft A Mass Ave Curtain Wall (shower/balc/mass) | Studio | 1 bath | 592 sqft | $1,740 /mo | 2 units available | ||
| Studio E Mass Ave Curtain Wall (tub/split/lrg balc/mass) | Studio | 1 bath | 743 sqft | $1,900–$1,950 /mo | |||
| Studio Loft D Mass Ave Curtain Wall (tub/balc/mass) | Studio | 1 bath | 972 sqft | $2,190 /mo | |||
| Studio Loft B Mass Ave Curtain Wall (shower/balc/mass) | Studio | 1 bath | 975 sqft | $2,220 /mo | |||
| Studio Loft E Mass Ave Curtain Wall (tub/balc/mass) | Studio | 1 bath | 936 sqft | $2,250 /mo | |||
| Studio Loft C Mass Ave Curtain Wall (tub/upper balc/mass) | Studio | 1 bath | 997 sqft | $2,290 /mo | |||
| 1BR/1B D NJ/North St Balcony (shower/balcony) | 1 bed | 1 bath | 820 sqft | $1,710–$1,760 /mo | |||
| 1BR/1B B Courtyard Balcony (tub/balc) | 1 bed | 1 bath | 840 sqft | $1,780–$1,830 /mo | |||
| 1BR/1B H Courtyard Balcony (shower/island/balc) | 1 bed | 1 bath | 879 sqft | $1,790 /mo | 1 unit available | ||
| 1BR/1B A Courtyard Balcony (tub/island/balc) | 1 bed | 1 bath | 842 sqft | $1,790 /mo | 1 unit available | ||
| 1BR/1B J Courtyard Balcony + Den (shower/balc) | 1 bed | 1 bath | 879 sqft | $1,830 /mo | 1 unit available | ||
| 1BR/1B B NJ/North Street (tub/juliet) | 1 bed | 1 bath | 840 sqft | $1,850–$1,900 /mo | |||
| 1BR/1B A NJ/North St (tub/island/juliet) | 1 bed | 1 bath | 842 sqft | $1,850 /mo | 1 unit available | ||
| 1BR/1B C NJ/North St Balcony (shower/island/balc) | 1 bed | 1 bath | 798 sqft | $1,920 /mo | 4 units available | ||
| 1BR/1B K Mass Ave Curtain Wall (shower/balc/mass) | 1 bed | 1 bath | 777 sqft | $1,940 /mo | 1 unit available | ||
| 1BR/1B B Mass Ave Premium (tub/juliet) | 1 bed | 1 bath | 840 sqft | $1,960–$2,010 /mo | |||
| 1BR/1B E Mass Ave Premium | 1 bed | 1 bath | 989 sqft | $1,970 /mo | |||
| 1BR/1B F Mass Ave Curtain Wall (shower/balc/mass) | 1 bed | 1 bath | 797 sqft | $2,000 /mo | 1 unit available | ||
| 1BR/1B A Mass Ave Premium (tub/island/juliet) | 1 bed | 1 bath | 842 sqft | $2,010 /mo | 2 units available | ||
| 1BR Loft E Mass Ave Curtain Wall (tub/loft/mass) | 1 bed | 1 bath | 1,175 sqft | $2,310 /mo | |||
| 1BR/1.5B G Mass NE Corner Curtain (shower/balc/corner) | 1 bed | 1.5 bath | 1,222 sqft | $3,090 /mo | 2 units available | ||
| 1BR Loft G Mass Ave Curtain Wall (shower/corner/mass) | 1 bed | 1.5 bath | 1,482 sqft | $4,050 /mo | |||
| 2BR/2B B NJ/North St. Balcony (tubs/island/balc) | 2 bed | 2 bath | 1,188 sqft | $2,500 /mo | 3 units available | ||
| 2BR/2B A Mass Ave Premium (tubs/balc/mass) | 2 bed | 2 bath | 1,210 sqft | $2,570 /mo | 1 unit available | ||
| 2BR/2B F Mass Ave Curtain Wall (tubs/balc/mass) | 2 bed | 2 bath | 1,182 sqft | $2,820–$2,870 /mo | |||
| 2BR/2B C NJ/North St Corner Premium (island/balc) | 2 bed | 2 bath | 1,335 sqft | $2,890–$2,940 /mo | |||
| 2BR LOFT D (balc/corner/mass) | 2 bed | 2 bath | 1,725 sqft | $3,000 /mo | |||
| 2BR/2B E Mass Corner Curtain Media (corner/2 balc) | 2 bed | 2 bath | 1,725 sqft | $3,200 /mo | |||
| 2BR/2B D North St/Mass Corner Curtain (balc/corner) | 2 bed | 2 bath | 1,465 sqft | $3,500 /mo | |||
| 2BR LOFT E (penthouse/full corner balc/mass) | 2 bed | 2 bath | 1,911 sqft | $4,450 /mo |
Let's explore this property.
Building
| Cats OK | Dogs OK |
Grounds
| Assigned Parking | Garage Parking |
One-time. Agent application fee.
One-time. Refundable: 100%.
Garage Lot
Assigned. Reserved Garage Parking.
Monthly. 2 garage lots max. Assigned parking.
Monthly. 2 cats max.
One-time fee per pet.
Monthly. 2 dogs max.
One-time fee per pet.
Questions about this property’s policies and fees?
| Units | 235 |
|---|---|
| Lease terms | 3–15 months |
Penrose on Mass Apartments was built in 2018, and since then has become synonymous with premier apartment living here in Indianapolis. From accommodating floor plans ranging from Studio apartments to 2 bedroom apartments, to a large collection of community amenities, we’ve built one of the top living communities in Indianapolis, and we want you to take advantage of it.
Showing 8 highest rated
I would absolutely recommend renting at Penrose on Mass! The price point is perfectly aligned with for the area and the amenities just add to the value! The location is perfect! Right in the heart of Mass ave! I love that the office is on the 2nd floor right next to the mail boxes, gym, pool and resident lounge where I can grab a cup of coffee. If I am working out, getting my mail etc, I can conveniently check in with the office if I need anything! A few other things I love about this building is the convenient package locker one the first floor, the convenient parking and being able to walk out of the building and having so many local businesses at my finger tips! Also, they host the best resident events I have ever attended! Management and maintenance is amazing! The office staff is always so nice and willing to help where they can! Anytime something needs repaired- maintenance is on it right away! You will not be disappointment renting here! It is truly amazing!
Kay
Mar 26, 2024
Lived here for two years and, after seeing other complexes in other states, I can confidently say that my experience was ideal. The hallways and common areas are always clean. The staff is super nice, communicative and very informed of what’s going on locally. The garage is clutch — no better feeling than being in the heart of downtown and being able to get in and out quickly. I lived here while in my 20s but I’d say the community was happily mixed. Some families, some singles, grad students to retirees. I’d recommend anybody to splurge on this place and get an apartment with a Mass Ave view.
Malik O
Feb 10, 2024
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Penrose on Mass compares to other nearby properties.
Positives
Considerations
Studio apartments at Penrose on Mass cost about 24% more than the average rent price for studios in Downtown Indianapolis.
1-bedroom apartments here are priced 30% higher than 1-bedrooms in Downtown Indianapolis.
If you decide to upgrade your space, you can expect 2-bedrooms at Penrose on Mass to be 49% more than the average for similarly sized apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| December 2023 | $900 |
| January 2024 | $900 |
| February 2024 | $908 |
| March 2024 | $1,040 |
| April 2024 | $1,074 |
| May 2024 | $1,117 |
| 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 | $1,022 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,340 |
| January 2024 | $1,383 |
| February 2024 | $1,354 |
| March 2024 | $1,337 |
| April 2024 | $1,324 |
| May 2024 | $1,309 |
| 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 | $1,419 |
Can I afford to live at 530 Massachusetts Avenue?
Bedrooms
Rent-to-income ratio
30%
$54,000/yr
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1–2 Beds
$1,059–$1,450
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Studio–2 Beds
$1,049–$2,120
Downtown Indianapolis • 421 421 North Penn Street
Studio–2 Beds
$1,278–$3,642
Castleton • 8525 Laurel Valley Drive
1–2 Beds
$1,049–$2,756
Speedway • 2030 Runaway Bay Drive
1–3 Beds
$1,208–$3,138
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1–2 Beds
$1,252–$2,921
I69-Fall Creek • 7545 Bayview Club Drive
1–3 Beds
$1,149–$2,738
