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501 Madison Ave #305

Indianapolis, IN 46225 - Marion County

Apartment

1 beds

1 baths

550 sqft

About 501 Madison Ave #305

Half Off First Full Month's Rent if Moved in by 7/31. Celebrate the charm of city living at 501 Madison Avenue, Unit 305, 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 305is 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 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 18, 2025 at 2:15 PM ET

Listed by: PMI Midwest, (317) 342-0909

Property Summary

Property Type:	Apartment
Rental Fee:	$1,149
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	550 sqft
Pet Friendly:	Yes
Has Garage:	Yes
ID:	81830125

Property Amenities

• Garage

• Pet Friendly

Community Features

• Laundry Facilities

• Public Transportation

• Reserved Parking

Leasing Information

Deposit: $2,298. Lease Term: 1 year.

Additional Details

Apartment for rent in Indianapolis for $1,149 with 1 bed, 1 bath, 550 sqft, pet friendly and located at 501 Madison Ave #305 in Indianapolis, IN 46225. The rental price of $1,149 is 6.4% ($69) higher than the average rent of $1,080 for a 1 bedroom apartment in Indianapolis, IN and 6.5% ($70) higher than the average rent of $1,079 for a 1 bedroom apartment in Marion County. 501 Madison Ave #305 was advertised by PMI Midwest today at 11:12 AM ET and last updated at 2:15 PM ET.

Affordability Calculator

Can I afford to live at 501 Madison Ave #305?

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

$45,960 /year

With your chosen rent-to-income ratio, an annual income of $45,960 is recommended to comfortably afford this 1-bedroom rental priced at $1,149 per month.

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

Apartment for rent

$1,149

Rent Affordability Calculator

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Property managed by:

PMI Midwest
(317) 342-0909

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