10 photos
Updated - 2 days ago
Verified
Pet Friendly

501 Madison Ave

Apartment
1 beds
1 baths
500-550 sqft

About 501 Madison Ave

Half Off First Full Month's Rent if Moved in by 7/31. Celebrate the charm of city living at 501 Madison Avenue, Unit 206, where urban elegance meets comfort in the heart of Indianapolis. This inviting studio apartment offers a perfectly designed 500 sq ft space, ideal for those seeking a cozy and efficient living experience. Picture yourself in a vibrant neighborhood, with easy access to the cultural and culinary delights that downtown Indy has to offer. The thoughtfully designed open floor plan maximizes every inch, creating a seamless flow between living, dining and sleeping areas. Enjoy the modern efficiency of a beautifully arranged full bathroom, providing all the essentials for your daily routine. Large windows invite natural light to dance across your living space, creating a bright and welcoming atmosphere to start and end your day. Whether you're a young professional or a student, this apartment offers the perfect balance of convenience and style. Imagine the ease of city commuting with nearby public transport options, bringing the best of the city right to your doorstep. Unit 206 is your gateway to an exciting urban lifestyle, perfectly blending comfort and accessibility. Discover the possibilities that await in this exceptional Indianapolis residence and make 501 Madison Avenue your new home sweet home. Lofts on Madison offers an on-site laundry facility. There is a secured parking garage with spots available for purchase ($100 monthly). This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply)....
RentalSource last checked: July 16, 2025 at 4:14 PM ET
Last updated: July 15, 2025 at 3:52 PM ET
Listed by: PMI Midwest, (317) 546-3482

Property Summary

Property Type: Apartment
Rental Fee: $999 - $1,199
Bedrooms: 1 beds
Bathrooms: 1 baths
Size: 500-550 sqft
Pet Friendly: Yes
Has Garage: Yes
ID: 81761897

Property Amenities

•  Air Conditioning
•  Ceiling Fan
•  Dishwasher
•  Electric Range
•  Garage
•  Microwave
•  Pet Friendly
•  Refrigerator
•  Vaulted Ceilings

Community Features

•  Courtyard
•  Laundry Facilities
•  Public Transportation
•  Reserved Parking

Unit Rates

Name Beds Baths Sqft Rent
303 1 1 500 $999
305 1 1 550 $1,149
206 1 1 500 $1,199

Leasing Information

Photos are an example of similar units within the building, actual unit may vary. Availability and pricing can change daily and vary by lease term. Please contact us to schedule a showing.

Additional Details

Apartments for rent in Indianapolis for $999-$1,199 with 1 bed, 1 bath, 500-550 sqft, pet friendly and located at 501 Madison Ave in Indianapolis, IN 46225. The averaged rental price of $1,099 is 1.8% ($19) higher than the average rent of $1,080 for a 1 bedroom apartment in Indianapolis, IN and 1.9% ($20) higher than the average rent of $1,079 for a 1 bedroom apartment in Marion County. This apartment is in the Indianapolis Public School District and the nearest schools are Edison School of the Arts 47, Arlington Community Middle School and Arsenal Technical High School. 501 Madison Ave was advertised by PMI Midwest on July 8, 2025 at 9:43 AM ET, last updated yesterday on July 15, 2025 at 3:52 PM ET and last checked yesterday at 4:14 PM ET.

Affordability Calculator

Can I afford to live at 501 Madison Ave?
Bedrooms
1 bedroom
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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
$39,960 /year
With your chosen rent-to-income ratio, an annual income of $39,960 is recommended to comfortably afford this 1-bedroom rental priced at $999 per month.
For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.
Apartment for rent
$999 - $1,199
Interested in 501 Madison Ave?
Find out more about this property & see if it's available now.
Property managed by:
PMI Midwest
(317) 546-3482
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.

Ask About 501 Madison Ave

501 Madison Ave, Indianapolis, IN 46225 - Apartment For Rent
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