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5+ Days Ago
Highlights
Pet Friendly
Location
501 Madison Ave #206, Indianapolis, IN 46225, USA|Downtown Indianapolis
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Amenities for 501 Madison Ave #206, Downtown Indianapolis
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
Services
| Concierge Service | Package Service |
Neighborhood
| Public Transportation |
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
Cat Policy
Allowed
Contact for more information on pet policy.
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 501 Madison Ave #206
Home
Apartments in IndianapolisDowntown Indianapolis 501 Madison Ave #206, Indianapolis, IN 46225, USA
Apartments in IndianapolisDowntown Indianapolis 501 Madison Ave #206, Indianapolis, IN 46225, USAHalf Off First Full Month's Rent if Moved in by 7/31. Celebrate the charm of city living at 501 Madison Avenue, Unit 206, where urban elegance meets comfort in the heart of Indianapolis. This inviting studio apartment offers a perfectly designed 500 sq ft space, ideal for those seeking a cozy and efficient living experience. Picture yourself in a vibrant neighborhood, with easy access to the cultural and culinary delights that downtown Indy has to offer. The thoughtfully designed open floor plan maximizes every inch, creating a seamless flow between living, dining and sleeping areas. Enjoy the modern efficiency of a beautifully arranged full bathroom, providing all the essentials for your daily routine. Large windows invite natural light to dance across your living space, creating a bright and welcoming atmosphere to start and end your day. Whether you're a young professional or a student, this apartment offers the perfect balance of convenience and style. Imagine the ease of city commuting with nearby public transport options, bringing the best of the city right to your doorstep. Unit 206 is your gateway to an exciting urban lifestyle, perfectly blending comfort and accessibility. Discover the possibilities that await in this exceptional Indianapolis residence and make 501 Madison Avenue your new home sweet home. Lofts on Madison offers an on-site laundry facility. There is a parking garage with spots available for purchase ($100 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. Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required. Pet Friendly & Concierge.
Lease Terms
Deposit: $2,398. Lease Term: 1 year.501 Madison Ave #206 is great for:
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 #206 cost about 25% less than the average rent price for 1-bedroom apartments in Downtown Indianapolis.
Median rents as of Nov 1 2025.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| November 2023 | $1,046 |
| December 2023 | $1,072 |
| 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 | $1,050 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,495 |
| December 2023 | $1,573 |
| 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 | $1,599 |
Schools near 501 Madison Ave #206
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 #206
Getting around Indianapolis near 501 Madison Ave #206
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 #206, 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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