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Verified
Pet Friendly
Garage

501 Madison Ave #209

Apartment
1 beds
1 baths
700 sqft

About 501 Madison Ave #209

Coming soon. Encompassing the vibrant heart of Indianapolis, Apt 209 at 501 Madison Avenue offers a cozy haven of modern living. This charming 700 sq ft one-bedroom apartment invites you into a spacious, open-concept layout that seamlessly combines style with functionality. Natural light pours through generous windows, highlighting the sleek finishes and creating a warm, inviting atmosphere that you'll love coming home to. The well-appointed full bathroom features contemporary fixtures, providing a refreshing start to your day or a relaxing retreat after a bustling city adventure. The thoughtfully designed kitchen area offers ample space for culinary creativity, perfect for everything from quick breakfasts to elegant dinners for one or two. Nestled in a prime location, this apartment places the best of Indianapolis at your doorstep, from cultural landmarks to vibrant dining and shopping experiences. Enjoy the convenience of city living while retreating to your personal sanctuary, where comfort meets urban elegance. Whether you're a professional seeking proximity to downtown or someone who loves the pulse of city life, Apt 209 delivers an exceptional living experience. Embrace the opportunity to make this stylish and comfortable apartment your home and discover the dynamic lifestyle that awaits at 501 Madison Avenue. Lofts on Madison offers an on-site laundry facility. There is a parking garage with spots available for rent ($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 on electric in their own name....
RentalSource last checked: June 12, 2026 · 3:54 PM ET
Last updated: May 29, 2026 at 4:58 PM ET
Managed by: PMI Midwest · (317) 546-3482
Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type: Apartment
Rental Fee: $1,424
Bedrooms: 1 beds
Bathrooms: 1 baths
Size: 700 sqft
Pet Friendly: Yes
Has Garage: Yes
ID: 83653526

Property Amenities

•  Air Conditioning
•  Balcony/Patio
•  Ceiling Fan
•  Dishwasher
•  Electric Range
•  Garage
•  Microwave
•  Pet Friendly
•  Refrigerator
•  Vaulted Ceilings
•  Wheelchair Access
•  Washer/Dryer Hk-up

Community Features

•  Laundry Facilities
•  Parking

Additional Details

Apartment for rent in Indianapolis for $1,424 with 1 bed, 1 bath, 700 sqft, pet friendly and located at 501 Madison Ave #209 in Indianapolis, IN 46225. The rental price of $1,424 is 33.6% ($358) higher than the average rent of $1,066 for a 1 bedroom apartment in Indianapolis, IN and 33.7% ($359) higher than the average rent of $1,065 for a 1 bedroom apartment in Marion County. 501 Madison Ave #209 was advertised by PMI Midwest on May 19, 2026 at 8:27 AM ET, last updated on May 29, 2026 at 4:58 PM ET and last checked today at 3:54 PM ET.

Affordability Calculator

Can I afford to live at 501 Madison Ave #209?
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
$56,960 /year
With your chosen rent-to-income ratio, an annual income of $56,960 is recommended to comfortably afford this 1-bedroom rental priced at $1,424 per month.
For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.
Apartment for rent
$1,424
Interested in 501 Madison Ave #209?
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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.

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501 Madison Ave #209, Indianapolis, IN 46225 - Apartment for Rent
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