6 Hours Ago
Highlights
Pet Friendly
Location
501 Madison Ave #301, Indianapolis, IN 46225, USA|Downtown Indianapolis
Tour 501 Madison Ave #301
Contact
PMI Midwest
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Amenities for 501 Madison Ave #301, Downtown Indianapolis
Apartment Amenities
| Balcony | Hardwood Floor |
Appliances
| Dishwasher |
Building
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
Services
| Concierge Service | Package Service |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 501 Madison Ave #301
Home
Apartments in IndianapolisDowntown Indianapolis 501 Madison Ave #301, Indianapolis, IN 46225, USA
Apartments in IndianapolisDowntown Indianapolis 501 Madison Ave #301, Indianapolis, IN 46225, USA
Sweet deal!
This listing is 30% below the median price for 1 bedroom apartments in Downtown Indianapolis.
Synonymous with elegance and convenience, 501 Madison Avenue, Apt 301 in the heart of Indianapolis offers a sophisticated urban living experience. This charming studio apartment encompasses 600 square feet of thoughtfully designed space, ideal for creating your personal sanctuary. The gleaming hardwood floors add a touch of classic allure, seamlessly complementing any decor style. Imagine waking up every morning in a sun-drenched living space that effortlessly combines comfort and functionality. The full bath is a haven of relaxation, equipped to cater to your daily needs with style and ease. Nestled in a vibrant neighborhood, this apartment places you at the crossroads of city life, with access to local dining, shopping and entertainment just steps away. With it's prime location, you can enjoy the bustling energy of Indianapolis right at your doorstep. The apartment's intuitive layout maximizes every square foot, providing a cozy yet open ambiance. This is more than just a place to live; it's a lifestyle choice that balances urban excitement with serene privacy. Discover the allure of city living at 501 Madison Avenue, where every detail is designed to inspire and delight. Lofts on Madison offers an on-site laundry facility. There is a secured parking garage with spots available for purchase ($125 monthly). This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply). Residents are responsible for turning electric on in their name. Water, sewer and trash cost $40. All Pmi Midwest residents are enrolled in the Resident Benefits Package (rbp) for $36.95/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control and much more. More details upon application. Pet Friendly, Concierge, Controlled Access, Elevator, Skylight, Dishwasher, Freezer, Microwave, Range Oven, Refrigerator, Patio, Window Coverings, Laundry Room, Hardwood, Tile & Central. Provided by rentalsource com
Lease Terms
Deposit: $1,149. Lease Term: 1 year.Address details
| Neighborhood | Downtown Indianapolis |
|---|---|
| Zip code | 46225 |
| Type | Apartment for rent |
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Rent trends in Downtown Indianapolis
1-bedroom apartments at 501 Madison Ave #301 cost about 30% less than the average rent price for 1-bedroom apartments in Downtown Indianapolis.
Median rents as of Dec 13 2025.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,050 |
| January 2024 | $1,060 |
| February 2024 | $986 |
| March 2024 | $1,104 |
| April 2024 | $1,129 |
| May 2024 | $1,132 |
| June 2024 | $1,076 |
| July 2024 | $1,081 |
| August 2024 | $1,126 |
| September 2024 | $1,123 |
| October 2024 | $1,143 |
| November 2024 | $1,126 |
| December 2024 | $1,125 |
| January 2025 | $1,152 |
| February 2025 | $1,150 |
| March 2025 | $1,087 |
| April 2025 | $1,024 |
| May 2025 | $1,087 |
| June 2025 | $1,098 |
| July 2025 | $1,090 |
| August 2025 | $1,097 |
| September 2025 | $1,105 |
| October 2025 | $1,080 |
| November 2025 | $1,046 |
| December 2025 | $1,053 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,590 |
| January 2024 | $1,595 |
| February 2024 | $1,451 |
| March 2024 | $1,466 |
| April 2024 | $1,539 |
| May 2024 | $1,519 |
| June 2024 | $1,519 |
| July 2024 | $1,484 |
| August 2024 | $1,492 |
| September 2024 | $1,469 |
| October 2024 | $1,429 |
| November 2024 | $1,423 |
| December 2024 | $1,470 |
| January 2025 | $1,481 |
| February 2025 | $1,500 |
| March 2025 | $1,550 |
| April 2025 | $1,615 |
| May 2025 | $1,659 |
| June 2025 | $1,651 |
| July 2025 | $1,656 |
| August 2025 | $1,637 |
| September 2025 | $1,597 |
| October 2025 | $1,604 |
| November 2025 | $1,617 |
| December 2025 | $1,639 |
Affordability calculator
Can I afford to live at 501 Madison Ave #301?
Bedrooms
1 bedroomRent-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
$45,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,960 annually to afford this 1-bedroom monthly rent price of $1,149.
For more information on rent affordability, visit our rent calculator.
Schools near 501 Madison Ave #301
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 501 Madison Ave #301
Getting around Indianapolis near 501 Madison Ave #301
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 501 Madison Ave #301, Indianapolis
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
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
10/10
At least one high school within a 5-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
7/10
Several bars within a few minutes’ walk
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