Nearby rentals
Property management
Pet Friendly
Powered by Zumper AI
Managed by
Management
Penrose on Mass
Penrose on Mass stands out as a well-rated property with strong overall value, excellent location, and a solid mix of amenities and quality. It also offers convenient access to nearby schools, abundant dining and cultural options, and pet-related services, making it a compelling choice for renters looking for premier apartment living and community amenities.
Things you’ll love
More spaceElementary school nearbyHigh school nearbyGreat for
Social life
Pet owners| Studio B Courtyard (shower/no balc/cy) | Studio | 1 bath | 505 sqft | $1,190–$1,240 /mo | 2 units available | ||
| Studio C Courtyard (tub/split/no balc/cy) | Studio | 1 bath | 589 sqft | $1,310 /mo | 1 unit available | ||
| Studio A NJ/North Street (tub/no balc) | Studio | 1 bath | 584 sqft | $1,350–$1,400 /mo | 4 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 | |||
| Studio E Mass Ave Curtain Wall (tub/split/lrg balc/mass) | Studio | 1 bath | 743 sqft | $1,900 /mo | 1 unit available | ||
| 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 | 1 unit available | ||
| 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 /mo | 3 units available | ||
| 1BR/1B A Courtyard Balcony (tub/island/balc) | 1 bed | 1 bath | 842 sqft | $1,790–$1,840 /mo | |||
| 1BR/1B H Courtyard Balcony (shower/island/balc) | 1 bed | 1 bath | 879 sqft | $1,790–$1,840 /mo | |||
| 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 | $1,900 /mo | 1 unit available | ||
| 1BR/1B C NJ/North St Balcony (shower/island/balc) | 1 bed | 1 bath | 798 sqft | $1,920 /mo | 2 units available | ||
| 1BR/1B K Mass Ave Curtain Wall (shower/balc/mass) | 1 bed | 1 bath | 777 sqft | $1,940 /mo | |||
| 1BR/1B A Mass Ave Premium (tub/island/juliet) | 1 bed | 1 bath | 842 sqft | $1,960–$2,010 /mo | |||
| 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 | |||
| 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 | 1 unit available | ||
| 1BR Loft G Mass Ave Curtain Wall (shower/corner/mass) | 1 bed | 1.5 bath | 1,482 sqft | $4,050 /mo | 1 unit available | ||
| 2BR/2B B NJ/North St. Balcony (tubs/island/balc) | 2 bed | 2 bath | 1,188 sqft | $2,500–$2,550 /mo | |||
| 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 |
Per-applicant. Agent application fee.
One-time.
One-time. Refund Policy: 100%.
Garage Lot
Assigned. Reserved Garage Parking.
Monthly. 2 garage lots max. Reserved Garage Parking.
We allow dogs up to 30 lbs.
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 47% 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 43% more than the average for similarly sized apartments in Downtown Indianapolis.
| Month | Median Rent |
|---|---|
| November 2024 | $1,123 |
| 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 | $963 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,333 |
| 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 | $1,435 |
Can I afford to live at 530 Massachusetts Ave?
Bedrooms
Rent-to-income ratio
30%
$54,000/yr
2020 dawson st
indianapolis, IN, 46203
3330 n pennsylvania
indianapolis, IN, 46205
3637 n meridian st
indianapolis, IN, 46208
320 n tibbs ave
indianapolis, IN, 46222
320 n tibbs ave
indianapolis, IN, 46222
Martindale - Brightwood • 3132 Dr Andrew J Brown Ave
Studio–2 Beds
$1,108–$2,229
Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.
Speedway • 6363 Hollister Drive
Studio–3 Beds
$700–$1,429
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Edgewood • 4725 Madison Ave
2 Beds
$950
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.I65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,099–$4,470
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Near Northside • 2136 Central Ave
Studio–3 Beds
$1,334–$3,127
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Near Westside • 460 N White River Pkwy West Dr
Studio–2 Beds
$1,139–$1,794
Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Eagledale • 3510 Kebil Dr
1–3 Beds
$925–$1,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.South Perry • 7913 Ella Dobbs Ln
1–3 Beds
$1,000–$1,650
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Martindale - Brightwood • 3132 Dr Andrew J Brown Ave
Studio–2 Beds
$1,108–$2,229
Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Speedway • 6363 Hollister Drive
Studio–3 Beds
$700–$1,429
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Edgewood • 4725 Madison Ave
2 Beds
$950
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.I65-South Emerson • 6810 Valley Ridge Dr
1–3 Beds
$1,099–$4,470
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Near Northside • 2136 Central Ave
Studio–3 Beds
$1,334–$3,127
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Near Westside • 460 N White River Pkwy West Dr
Studio–2 Beds
$1,139–$1,794
Total Monthly Price. The price shown reflects a 15-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Eagledale • 3510 Kebil Dr
1–3 Beds
$925–$1,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.South Perry • 7913 Ella Dobbs Ln
1–3 Beds
$1,000–$1,650
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
