Zumper

OFFER:

[1BR/1.5BA - ATH] 1 month free - Built in Pricing : Pricing is inclusive of a 1 month free special on a 12 + month lease terms.

modified
5 Hours Ago

Highlights

  • Rent Special
  • New Construction
  • Pet Friendly
  • Brand-new community
  • Spectacular amenities

Location

421 N Pennsylvania St, Indianapolis, IN 46204, USA|Downtown Indianapolis
Hi! Let’s figure out if this property is right for you.

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Tour Industry Indianapolis

Contact

pmc-logo

Management

Cardinal Group Mgmt & Advisory

Our team has verified this company

Leasing office

(765) 305-7342

Open 

9:00 am–6:00 pm ET

Property Overview

Industry Indianapolis is a brand-new community with exceptional amenities and a high overall Zumper rating of 9.7, indicating a strong option for renters. Its competitive pricing, excellent balance of value, and top ratings for amenities, location, and quality contribute to a premium living experience. Furthermore, the property is well-situated for an active lifestyle, offering numerous fitness centers, dining options, and cultural attractions nearby, ensuring a vibrant community atmosphere.

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

9.7
Excellent
Earning an outstanding 9.7 out of 10 overall rating, Industry Indianapolis is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Images Available

Great for

  • Wellness
  • Social life

Floor plans

Studio - SaStudio1 bath427 sqft$1,229 /mo1 unit available
Studio - SStudio1 bath427 sqft$1,491 /mo1 unit available
1BR/1BA - A1 bed1 bath488 sqft$1,590–$1,697 /mo4 units available
1BR/1BA - A91 bed1 bath976 sqft$2,619 /mo1 unit available
2BR/2BA - C82 bed2 bath1,253 sqft$2,721 /mo1 unit available
2BR/2BA - C12 bed2 bath1,086 sqft$2,746 /mo1 unit available
2BR/2BA - C72 bed2 bath1,314 sqft$2,913–$2,921 /mo2 units available
2BR/2BA - C92 bed2 bath1,316 sqft$2,925 /mo1 unit available
2BR/2BA - C22 bed2 bath1,186 sqft$2,983–$3,088 /mo2 units available
2BR/2BA - C112 bed2 bath1,385 sqft$3,050 /mo1 unit available
2BR/2BA + Den - D2 bed2 bath1,350 sqft$3,546 /mo1 unit available
2BR/2BA + Den - D12 bed2 bath1,521 sqft$3,592–$3,617 /mo3 units available
1BR/1BA - Aa1 bed1 bath488 sqftAsk to join waitlistComing soon
1BR/1BA - A4a1 bed1 bath733 sqftAsk to join waitlistComing soon
1BR/1BA - A3a1 bed1 bath650 sqftAsk to join waitlistComing soon
1BR/1BA - A2a1 bed1 bath554 sqftAsk to join waitlistComing soon
1BR/1BA - A1a1 bed1 bath548 sqftAsk to join waitlistComing soon
1BR/1BA - A41 bed1 bath733 sqftAsk to join waitlistComing soon
1BR/1BA - A61 bed1 bath787 sqftAsk to join waitlistComing soon
1BR/1BA - A21 bed1 bath554 sqftAsk to join waitlistComing soon
1BR/1BA - A31 bed1 bath650 sqftAsk to join waitlistComing soon
1BR/1BA - A51 bed1 bath683 sqftAsk to join waitlistComing soon
1BR/1BA - A11 bed1 bath548 sqftAsk to join waitlistComing soon
1BR/1BA - A71 bed1 bath912 sqftAsk to join waitlistComing soon
1BR/1.5BA - ATH1 bed1.5 bath854 sqftAsk to join waitlistComing soon
1BR/1BA - A101 bed1 bath1,020 sqftAsk to join waitlistComing soon
1BR/1BA - A111 bed1 bath1,068 sqftAsk to join waitlistComing soon
1BR/1BA - A81 bed1 bath915 sqftAsk to join waitlistComing soon
2BR/2BA - C2 bed2 bath1,106 sqftAsk to join waitlistComing soon
2BR/2BA - C3a2 bed2 bath1,106 sqftAsk to join waitlistComing soon
2BR/2BA - Ca2 bed2 bath1,046 sqftAsk to join waitlistComing soon
2BR/2BA - CTH2 bed2 bath1,236 sqftAsk to join waitlistComing soon
2BR/2BA - C62 bed2 bath1,341 sqftAsk to join waitlistComing soon
2BR/2BA - C32 bed2 bath1,106 sqftAsk to join waitlistComing soon
2BR/2BA - C52 bed2 bath1,158 sqftAsk to join waitlistComing soon
2BR/2BA - C102 bed2 bath1,358 sqftAsk to join waitlistComing soon
2BR/2BA - C122 bed2 bath1,681 sqftAsk to join waitlistComing soon

Let's explore this property.

Amenities for Industry Indianapolis

Tech

Community Wide WiFi

Building

Bike StorageCats OK
Co-Working SpacesDogs OK
EV ChargingOnsite Retail
Resident ClubroomState-Of-The-Art Fitness Center with Free Weight
Yoga Studio

Grounds

Attached Parking GarageCourtyard
Outdoor KitchenStorage

Services

Complimentary Coffee Bar

Neighborhood

Public Parks Nearby
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

Dog policy

Allowed 
Limit2
Monthly Rent$30

Cat policy

Allowed 
Limit2
Monthly Rent$30

Please contact leasing office for Pet Policy.

Building details

Property details

Year built2023
Units230
Lease terms1–26 months
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About Industry Indianapolis

Managed by Cardinal Group Mgmt & Advisory
Cardinal Group Mgmt & Advisory 1 of 4Cardinal Group Mgmt & Advisory 2 of 4Cardinal Group Mgmt & Advisory 3 of 4Cardinal Group Mgmt & Advisory 4 of 4
HomeApartments in IndianapolisDowntown Indianapolis Industry Indianapolis

On the doorstep of the most expressive district in the heart of downtown Indianapolis lies a brand-new community alive with spectacular 360 views. Industry Indianapolis is a pet-friendly high-rise community of studio, one-, and two-bedroom apartments and townhomes bursting with spectacular amenities and carefully curated luxury. Enjoy time in your own space or venture out onto Mass Ave to find yourself only minutes from eclectic boutique shops, decadent restaurants, premier theatres, and exuberant nightlife.


Year Built: 2023

Go to property website

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.
9.7
/10
Excellent
Earning an outstanding 9.7 out of 10 overall rating, Industry Indianapolis is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated Industry Indianapolis
Price·9A 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.
Industry Indianapolis stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
Industry Indianapolis 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·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Industry Indianapolis offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
Industry Indianapolis has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Industry Indianapolis.
Trustworthiness·10A 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.
Industry Indianapolis sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making Industry Indianapolis a trustworthy choice for potential residents.

Industry Indianapolis is great for:

Wellness

  • On-site fitness center or gym
  • On-site quiet spaces for meditation or yoga
  • 50 gyms or yoga centers nearby
  • 72 parks nearby

Social life

  • 356 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • 103 local event hubs within 1 mile
  • 208 museums, art galleries, or cultural centers within 1 mile

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 Industry Indianapolis compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.3 mile away
Images Available
There are at least 10 photos of this address

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Managed by Cardinal Group Mgmt & Advisory

Cardinal Group Mgmt & Advisory

The strength of Cardinal is rooted in our identity. We know who we are – we are a culture-based company that attracts top talent, strives for excellence through team performance, and allows the percolation of the best ideas throughout the organization as a means of constant improvement in and throughout our businesses. We launch new opportunistic ventures in synergistic and complementary sectors. Our culture and our commitment to excellence have built a strong-and-valuable reputation in the labor, client, and equity markets. Cardinal Group has partnered with Agency FIFTY3, an award-winning marketing agency that caters exclusively to the multifamily space, from student to multifamily to affordable housing. This collaborative effort allows Cardinal to focus on core operational strategies while allowing our marketing partner to develop supporting campaigns that maintain a collective standard of excellence.

Rent trends in Downtown Indianapolis

Studio apartments at Industry Indianapolis cost about 2% less than the average rent price for studios in Downtown Indianapolis.

1-bedroom apartments here are priced 32% higher than 1-bedrooms in Downtown Indianapolis.

If you decide to upgrade your space, you can expect 2-bedrooms at Industry Indianapolis to be 31% more than the average for similarly sized apartments in Downtown Indianapolis.

Median rents as of Sep 20 2025.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
October 2023$1,162
November 2023$1,024
December 2023$972
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
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
October 2023$1,266
November 2023$1,253
December 2023$1,288
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$1,417

Affordability calculator

Can I afford to live at 421 N Pennsylvania 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

$54,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $54,400 annually to afford this studio median monthly rent price of $1,360.
For more information on rent affordability, visit our rent calculator.

Schools near Industry Indianapolis

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+

Francis Bellamy Pre-School Center

9501 e 36th st

indianapolis, IN, 46236

PKPublic
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Internet available near Industry Indianapolis

Getting around Indianapolis near 421 N Pennsylvania St

Walking

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

Driving

5/10
This area is accessible to thoroughfares and has ample 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 421 N Pennsylvania St, Indianapolis

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

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

High schools

3/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

Explore the area around 421 N Pennsylvania St

Needler's Fresh Market
320 N New Jersey St
Market Square Tap Room
320 E Market St
Whole Foods Market
320 E Market St
Kroger
227 W Michigan St
Kroger
524 E 16th St

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