$1,199 per month
-- Bed
1 Bath
675 Sq Ft
0.52 Acres

Highlights

  • 0.52 Acre Lot
  • Wood Flooring
  • 1-Story Property
  • Traditional Architecture
  • 1 Car Attached Garage
  • Central Air

About This Home

**24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent! Glimpse the vibrant lifestyle awaiting you at 501 Madison Avenue, Apt 202, nestled in the heart of Indianapolis. This meticulously designed studio apartment offers 675 square feet of stylish living space, perfectly complementing your dynamic lifestyle. Revel in the timeless elegance of hardwood floors that add a touch of sophistication and warmth to your new home. The spacious full bathroom offers modern fixtures and ample space, ensuring convenience and comfort. Situated in a prime location, this apartment positions you just moments away from the bustling energy and cultural delights of downtown Indianapolis. Enjoy the convenience of city living with easy access to an array of dining, shopping, and entertainment venues. With a layout that maximizes every inch, this apartment provides a blank canvas to express your unique style and personality. Imagine hosting intimate gatherings or simply unwinding in the cozy ambiance of your chic urban retreat. The welcoming atmosphere and strategic location make it an ideal choice for those seeking a harmonious balance between work and play. Embrace the opportunity to make this remarkable space your own and experience the vibrant lifestyle that awaits at 501 Madison Avenue. 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 of our 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, etc.

Listing Agent

Mark Jones

PMI Midwest License #RB14036355 Listed on: 08/19/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1860

Lot Details

  • 1 Common Wall

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Full Bathroom
  • 675 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Utilities

  • Central Air
  • Baseboard Heating

Listing and Financial Details

  • Property Available on 9/22/25
  • Tenant pays for all utilities
  • The owner pays for no utilities
  • 12-Month Minimum Lease Term
  • $65 Application Fee
  • Tax Lot 491112225004000101
  • Assessor Parcel Number 491112225004000101

Community Details

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Property managed by PMI Midwest
  • Laundry Facilities

Condo Details

Home Type

Condominium

Year Built

Built in 1860

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-09-22
  • Lease Amount: 1199
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Security Deposit: 0
  • Application Fee: 65
  • Application Website: https://www.indianapolispropertymanagementinc.com/indianapolis-homes-for-rent/4617/501-madison-avenue-apt-202-indianapolis-in-46225

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1860
  • Building Area Total: 675
  • Entry Level: 2
  • Garage Y N: Yes
  • Lot Size Acres: 0.52
  • Subdivision Name: No Subdivision
  • Transaction Type: Lease
  • Website: https://www.indianapolispropertymanagementinc.com/indianapolis-homes-for-rent/4617/501-madison-avenue-apt-202-indianapolis-in-46225
  • Accessibility Features YN: No
  • Floor Number: 2
  • Lifestyles: Flat
  • F H A Certified: No
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Appliances: Refrigerator, Dishwasher, Electric Oven, Microwave, Common Laundry
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Living Area: 675
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 675
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Common, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Baseboard
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Pets Allowed: W/Approval
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal
  • Property Management Company: PMI Midwest
  • Property Management Company Phone: 317-546-3482

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 22651
  • Parcel Number: 491112225004000101
  • Acres: 1/2-1 Acre

Tax Info

  • Tax Annual Amount: 40680
  • Tax Lot: 491112225004000101
  • Semi Annual Property Tax Amt: 20340

Map

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 Price Changed $1,199 -4.0% $2 / Sq Ft
10/22/2025 10/22/25 For Rent $1,249 0.0% --
10/08/2025 10/08/25 Off Market $1,249 -- --
08/19/2025 08/19/25 For Rent $1,249 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22057666

MIBOR Broker Listing Cooperative®