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Apartment for rent
  • $1,199/mo

    501 Madison Ave APT 202, Indianapolis, IN 46225

    Studio
    675sqft
    Price may not include required fees and charges.
    Apartment
    Available now
    Cats, dogs OK
    Central air
    Shared laundry
    Detached parking
    -- Heating
    Contact manager for more details about this home.

    What's special

    Full modern bathOpen layoutHardwood floors
    **24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent! Live just steps from Indy's best eats and nightlife in this 550?sq?ft studio at?501?Madison?Ave. Hardwood floors, a full modern bath, and an open layout give you room to own your space. You're right in the Downtown / Wholesale District, so you're walking distance to bars, live events, and top food spots like Bad Axe Throwing (0.2?mi away), and the artsy scene along Madison Ave. Look outside your windows to see Gainbridge Field house, home of the Pacers, and Lucas Oil, home of the Colts. Pet-friendly for cats and dogs under 25?lbs. On-site laundry, secured parking garage available. Ready for your next chapter? 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 $42.44. 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. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
    32 days
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    Travel times

    Looking to buy when your lease ends?

    Consider a first-time homebuyer savings account designed to grow your down payment with up to a 6% match & a competitive APY.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Laundry Room
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Freezer, Microwave, Refrigerator
    • Laundry: Shared
    Features
    • Elevator
    • Flooring: Hardwood, Tile
    Interior area
    • Total interior livable area: 675 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Contact manager
    • Details: Contact manager
    Features
    • Patio & porch: Patio
    • Exterior features: Concierge, Courtyard, Electricity not included in rent

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Building

    Details
    • Building name: Lofts on Madison
    Management
    • Pets allowed: Yes

    Community & HOA

    Community
    • Features: Gated
    Location
    • Region: Indianapolis

    Financial & listing details

    • Lease term: 1 Year

    Price history

    DateEventPrice
    10/30/2025Price change$1,199-4%$2/sqft
    Source: Zillow Rentals
    8/19/2025Listed for rent$1,249$2/sqft
    Source: Zillow Rentals

    Neighborhood: Downtown

    There are 2 available units in this apartment building