Monthly rent

$1,825

Beds

Studio

Baths

Sqft

462

Monthly rent	$1,825
Beds	Studio
Baths	1
Sqft	462

6 Hours Ago

Location

423 E Michigan St #1032100P, Indianapolis, IN 46204, USA|Downtown Indianapolis

Tour 423 E Michigan St #1032100P

Contact

Blueground Us

BLUEGROUND

(844) 329-3784 ext. 9079

Amenities for 423 E Michigan St #1032100P, Downtown Indianapolis

Apartment Amenities

Air Conditioning	Central Heat
Fully Equipped Kitchen	Furnished
Hanger	Has View
Kettle	Linen Towel
Private Entrance	Shampoo
Toaster	TV

Appliances

Coffee Machine	Dishwasher
Hair Dryer	In-Unit Laundry
Iron	Microwave
Oven	Refrigerator
Stove

Tech

WFH Bundle

WiFi

Building

Elevator	Roof Deck
Smoke Detector

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

About 423 E Michigan St #1032100P

Feel at home in this studio apartment located in the heart of Mass Ave. Located in the local's favorite neighborhood, you're steps away from fantastic bars and restaurants. This studio apartment features inviting living areas, a fully equipped kitchen, and a bathroom complete with toiletries. You can also enjoy the resident roof deck, resident clubroom, in-unit washer and dryer, smart TV with streaming apps installed, and complimentary coffee. A TV is in the living room. While designs are based on the above photos, each unit has individualized elements of design and custom decorative features. Located in the historic Lockerbie Square district, this downtown spot offers charming cobblestone streets, 19th-century architecture, and easy access to cultural landmarks like the Athenæum. You're just a short walk from Mass Ave’s vibrant mix of restaurants, bars, and boutiques. Indiana Convention Center is 0.3 miles away, Lucas Oil Stadium is 0.5 miles away, Old National Centre is 0.6 miles away, Phoenix Theatre is 0.7 miles away, and Saint Mary's Catholic Church is 0.6 miles away. All properties are smoke-free environments. Smoking of any kind is not permitted within or outside, including balconies, patios, or common and/or parking areas. Any sign of smoking is a violation of the stay agreement, which may result in immediate termination and recovery fees beginning at $500. There is a $200 penalty for removing smoke detectors and a $200 penalty for lost key fobs. No outside guests are allowed without permission. Quiet hours are between 9 PM and 8 AM. Check-in is at 4 PM and check-out is at 11 AM (a $75/hr late fee applies). A pet fee may be charged for guests traveling with an emotional support animal. Additionally, the presence of emotional support animals can be declined from stays or Experiences. To abide by all legal requirements and HOA rules, you WILL be asked to provide a copy of your official government-issued photo ID, confirm your contact information, pass through our verification portal and, in some instances, complete a criminal background check. Failure to provide these documents will result in a cancellation and denied entry. No weapons or drugs are allowed; police will be called for violating this rule. Guests must agree to not disturb neighbors at all times during the stay. Long-term guests (30 days+) will be subject to a background search and credit check.

Neighborhood

Downtown Indianapolis

Zip code

46204

Type

Apartment for rent

Rent trends in Downtown Indianapolis

studio apartments at 423 E Michigan St #1032100P cost about 28% more than the average rent price for studio apartments in Downtown Indianapolis.

Median rents as of Oct 25 2025.

Downtown Indianapolis

Indianapolis

A table of studio rental data trends in Indianapolis
Month	Median Rent
November 2023	$980
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
October 2025	$1,063

A table of studio rental data trends in Downtown Indianapolis
Month	Median Rent
November 2023	$1,252
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	$1,413
October 2025	$1,414

Affordability calculator

Can I afford to live at 423 E Michigan St #1032100P?

Bedrooms

Studio

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

$73,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $73,000 annually to afford this studio monthly rent price of $1,825.

For more information on rent affordability, visit our rent calculator.

Getting around Indianapolis near 423 E Michigan St #1032100P

Walking

9/10

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

Driving

8/10

This area is close to freeways and has adequate parking options.

Cycling

9/10

Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

5/10

Frequent public transit options are within walking distance.

Points of interest for 423 E Michigan St #1032100P, Indianapolis

Groceries

9/10

At least one supermarket within a 10-minute walk

Shopping

6/10

Several shops within a few minutes’ walk

Cafes

6/10

Several cafés within a few minutes’ walk

Restaurants

8/10

Variety of restaurants within a few minutes' walk

Primary schools

9/10

At least one elementary school within a 5-minute walk

High schools

5/10

At least one high school within a 20-minute walk

Parks

7/10

Large amount of park space nearby

Nightlife

10/10

Exceptional variety of bars right within a few minutes’ walk

423 E Michigan St #1032100P423 E Michigan St #1032100P, Indianapolis, IN 46204, USA

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Schools near 423 E Michigan St #1032100P

Frederick Douglass School 19

Ips - Butler Lab at William Bell 60

Francis Bellamy Pre-School Center

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Getting around Indianapolis near 423 E Michigan St #1032100P

Walking

Driving

Cycling

Transit

Points of interest for 423 E Michigan St #1032100P, Indianapolis

Groceries

Shopping

Cafes

Restaurants

Primary schools

High schools

Parks

Nightlife

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423 E Michigan St #1032100P
423 E Michigan St #1032100P, Indianapolis, IN 46204, USA