Enjoy modern apartment living with the character of Historic Indianapolis. Please come see our completely renovated apartment homes equipped with state of the art appliances, serious style and the most convenient location in town. Colonial Apartments is located at the intersection of Delaware & Vermont Streets in downtown Indianapolis. The community is one block from the Mass Ave. Cultural District full of distinguished eateries, art galleries, theatre and entertainment. Travel one half mile to monument circle for fine dining and world class shopping. Pet Friendly, Garbage, Laminate, Tile, Linoleum Vinyl, Forced Air, Central, Dishwasher, Freezer, Range Oven, Microwave, Garbage Disposal, Refrigerator, Accessibility Features, Alarm System, Bicycle Parking, Cable Ready, Fitness Center, Intercom, on Site Laundry, Secure Building, Security Cameras, Vaulted Ceiling & Wired For Internet. Deposit: $650.

RentalSource last checked: July 31, 2025 at 2:00 PM ET

Last updated: July 30, 2025 at 2:37 PM ET

Listed by: Michele Richardson, (317) 281-3453

Property Summary

Property Type:	Apartment
Rental Fee:	$1,300
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	620 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81901377

Property Amenities

• Intrusion Alarm

• Cable/Satellite TV

• Garbage Disposal

• Dishwasher

• High-Speed Internet

• Microwave

• Pet Friendly

• Refrigerator

• Vaulted Ceilings

Community Features

• Fitness Center

• Laundry Facilities

• Reserved Parking

Additional Details

Apartment for rent in Indianapolis for $1,300 with 1 bed, 1 bath, 620 sqft, pet friendly and located at 402 N Delaware St #306 in Indianapolis, IN 46204. The rental price of $1,300 is 20.4% ($220) higher than the average rent of $1,080 for a 1 bedroom apartment in Indianapolis, IN and 20.5% ($221) higher than the average rent of $1,079 for a 1 bedroom apartment in Marion County. 402 N Delaware St #306 was advertised by Michele Richardson yesterday at 10:06 AM ET and last checked today at 2:00 PM ET.

Affordability Calculator

Can I afford to live at 402 N Delaware St #306?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$52,000 /year

With your chosen rent-to-income ratio, an annual income of $52,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,300 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,300

Rent Affordability Calculator

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Property managed by:

Michele Richardson
(317) 281-3453

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.