**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.
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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
What's special
Full modern bathOpen layoutHardwood floors
- 32 days |
- -- |
- -- |
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
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Price change | $1,199-4%$2/sqft |
Source: Zillow Rentals | ||
| 8/19/2025 | Listed for rent | $1,249$2/sqft |
Source: Zillow Rentals | ||
Neighborhood: Downtown
There are 2 available units in this apartment building

