Zumper

OFFER:

[1BR/1.5BA - ATH] 1 Month Free - Built in Pricing : Pricing is inclusive of 4 weeks free base rent (excludes extra fees) special on a 12 month lease term.

modified
Updated 10 Hours Ago

Highlights

  • Rent Special
  • 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

Leasing office

(844) 325-9226 ext. 7741

Closing soon 

9:00 am–6:00 pm ET

Property Overview

Industry Indianapolis stands out as a brand-new community with spectacular amenities, a strong overall rating, and excellent marks for price, amenities, location, and trustworthiness. It is noted for social life and fitness and wellness, with on-site public spaces, fitness options, quiet spaces, and many nearby cultural, dining, and recreation spots.

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, Industry Indianapolis is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Industry Indianapolis has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • Less expensive
  • Car charging

Great for

  • Social life
  • Wellness

Floor plans

Studio - SStudio1 bath427 sqft$1,420–$1,491 /mo4 units available
1BR/1BA - Aa1 bed1 bath488 sqft$1,439 /mo1 unit available
1BR/1BA - A1 bed1 bath488 sqft$1,537–$1,650 /mo10 units available
1BR/1BA - A31 bed1 bath650 sqft$1,577 /mo1 unit available
1BR/1BA - A51 bed1 bath683 sqft$1,845–$1,924 /mo2 units available
1BR/1BA - A3a1 bed1 bath650 sqft$1,958 /mo1 unit available
1BR/1BA - A41 bed1 bath733 sqft$1,983 /mo1 unit available
1BR/1BA - A81 bed1 bath915 sqft$2,375 /mo1 unit available
2BR/2BA - C2 bed2 bath1,106 sqft$2,629–$2,800 /mo4 units available
2BR/2BA - C52 bed2 bath1,158 sqft$2,729 /mo1 unit available
2BR/2BA - C32 bed2 bath1,106 sqft$2,733 /mo1 unit available
2BR/2BA - C12 bed2 bath1,086 sqft$2,745–$2,920 /mo3 units available
2BR/2BA - C42 bed2 bath1,150 sqft$3,046 /mo1 unit available
3BR/2BA - D13 bed2 bath1,521 sqft$3,217–$4,550 /mo4 units available

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 Kitchen

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

Applicants

Application Fee

Per-applicant. Refund Policy: Non-refundable fee. Application Fee.

$50

REQUIRED FEES

Unit Security Deposit

One-time. Refund Policy: Refundable fee. Unit Security Deposit.

$500

Lease Transfer Fee

One-time. Refund Policy: Non-refundable fee. Lease Transfer Fee.

$400

Util - Tech Fee

Monthly. Refund Policy: Non-refundable fee. Util - Tech Fee.

$100

Reservation Fee

One-time. Refund Policy: Non-refundable fee. Reservation Fee.

$150

Master Policy Premium Dues

Monthly. Refund Policy: Non-refundable fee. Master Policy Premium Dues.

$15

OPTIONAL FEES

Parking

Parking

Monthly. 2 parkings max. Refund Policy: Non-refundable fee. Parking.

$75

Parking - Garage

Parking - Garage

Monthly. 2 parking - garages max. Refund Policy: Non-refundable fee. Parking - Garage.

$150

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Monthly Pet Fee

Monthly. 2 cats max. Please contact leasing office for Pet Policy.

$30

Pet Fee

One-time fee per pet.

$300

Dog

Monthly Pet Fee

Monthly. 2 dogs max. Please contact leasing office for Pet Policy.

$30

Pet Fee

One-time fee per pet.

$300

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Year built2023
Units230
Lease terms1–22 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

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, Industry Indianapolis is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Industry Indianapolis has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Industry Indianapolis
Price·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Industry Indianapolis 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·6A 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.
While Industry Indianapolis does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.

Industry Indianapolis is great for:

Social life

  • 427 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • 166 museums, art galleries, or cultural centers within 1 mile
  • 415 mixed-use spaces nearby

Wellness

  • On-site fitness center or gym
  • On-site quiet spaces for meditation or yoga
  • 59 gyms or yoga centers nearby
  • 83 parks 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 Industry Indianapolis compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.3 miles away
Less expensive
Studio units are cheaper than other similar listings nearby
Car charging
Dedicated charging spot
Extra storage
In-unit features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
In-house dry cleaning
Laundry services available

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 21% higher than 1-bedrooms in Downtown Indianapolis.

If you decide to upgrade your space, you can expect 2-bedrooms at Industry Indianapolis to be 26% more than the average for similarly sized apartments in Downtown Indianapolis.

3-bedroom apartments at Industry Indianapolis cost about 13% more than the average rent price for 3-bedroom apartments in Downtown Indianapolis.

Median rents as of Sep 26 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
October 2024$1,134
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
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
October 2024$1,330
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

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

$56,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,800 annually to afford this studio monthly rent price of $1,420.
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+

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 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

8/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

8/10
Wide 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
At least one high school within a 30-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

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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