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, Forced Air, Central, Dishwasher, Freezer, Garbage Disposal, Microwave, Range Oven, Refrigerator, Accessibility Features, Alarm System, Bicycle Parking, Cable Ready, Fenced Yard, Fitness Center, Intercom, on Site Laundry, Secure Building, Security Cameras, Vaulted Ceiling & Wired For Internet. Deposit: $513.

RentalSource last checked: August 5, 2025 at 7:11 AM ET

Last updated: July 24, 2025 at 3:27 PM ET

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

Property Summary

Property Type:	Apartment
Rental Fee:	$1,025
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	679 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81865283

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 $1,025 with 1 bed, 1 bath, 679 sqft, pet friendly and located at 406 N Delaware St #312 in Indianapolis, IN 46202. The rental price of $1,025 is 3.5% ($37) lower than the average rent of $1,062 for a 1 bedroom apartment in Indianapolis, IN and 3.5% ($37) lower than the average rent of $1,062 for a 1 bedroom apartment in Marion County. 406 N Delaware St #312 was advertised by Michele Richardson on July 24, 2025 at 9:12 AM ET and last checked today at 7:11 AM ET.

Affordability Calculator

Can I afford to live at 406 N Delaware St #312?

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

$41,000 /year

With your chosen rent-to-income ratio, an annual income of $41,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,025 per month.

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

Apartment for rent

$1,025

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.