Find Rentals in Indianapolis

Houses For Rent

Apartments For Rent

Explore Listings

Property Managers

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

10 photos

Updated - today

Verified

Pet Friendly

- Save listing search
- Report this listing

501 Virginia Ave

Indianapolis, IN 46203 - Marion County

Apartment

1-2 beds

1-2.5 baths

596-1,190 sqft

About 501 Virginia Ave

Welcome to Slate Apartments, located on Virginia Ave, where modern living meets convenience and style. Our community offers a variety of spacious and thoughtfully designed studio, one-bedroom and two-bedroom apartments. Skyline views of Downtown Indianapolis, kitchen islands with waterfall countertops, stainless steel appliances, washer and dryer and large balconies are some of the apartment amenities offered. Community amenities include a top floor fitness room, green roof terrace with grill and surface lot parking for guests. Slate is home to Tappers Arcade and Old National Bank. Located right on the Cultural Trail in the venerable Holy Rosary/Fletcher Place neighborhood/Fountain Fletcher District. Fitness Room, Washer and Dryer Included, Secure Access, Private Outdoor Area, Pet Friendly, Walk In Closet with Closet System, Secure Package Room, Electronic Locks, Green Roof Terrace, Waterfall Counterops, One Parking Space Included, Ev Charging Stations, Large Balcony, Refrigerator, Oven, Microwave, Dishwasher, Stainless Steel Appliances, Private Outdoor Area With Grill, Controlled-Access Building, Trash, Ice Maker, Washer, Dryer & Washer and Dryer. Pet Friendly.

RentalSource last checked: July 17, 2025 at 11:37 AM ET

Listed by: Deylen Realty, (317) 638-2000

Property Summary

Property Type:	Apartment
Rental Fee:	$1,390 - $2,240
Bedrooms:	1-2 beds
Bathrooms:	1-2.5 baths

Size:	596-1,190 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81451927

Property Amenities

• Balcony/Patio

• Dishwasher

• Microwave

• Pet Friendly

• Refrigerator

• Washer/Dryer Hk-up

• Walk-in Closets

Community Features

• Fitness Center

• Reserved Parking

Unit Rates

Name	Beds	Baths	Sqft	Rent
Studio	1	1	596	$1,390 - $1,430
Studio	1	1	596	$1,430
1 Bed	1	1	690	$1,640
2 Beds	2	2	1,100	$2,190
2 Beds	2	2.5	1,190	$2,240

Additional Details

Apartments for rent in Indianapolis for $1,390-$2,240 with 1-2 beds, 1-2.5 baths, 596-1,190 sqft, pet friendly and located at 501 Virginia Ave in Indianapolis, IN 46203. The averaged rental price of $1,815 is 47.7% ($586) higher than the average rent of $1,229 for apartments in Indianapolis, IN and 48.0% ($589) higher than the average rent of $1,226 for apartments in Marion County. 501 Virginia Ave was advertised by Deylen Realty on May 13, 2025 at 11:07 AM ET and last updated today at 11:37 AM ET.

Affordability Calculator

Can I afford to live at 501 Virginia Ave?

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

$55,600 /year

With your chosen rent-to-income ratio, an annual income of $55,600 is recommended to comfortably afford this 1-bedroom rental priced at $1,390 per month.

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

Apartment for rent

$1,390 - $2,240

Rent Affordability Calculator

Interested in 501 Virginia Ave?

Find out more about this property & see if it's available now.

Property managed by:

Deylen Realty
(317) 638-2000

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