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Pet Friendly

501 Virginia Ave

Indianapolis, IN 46203 - Marion County

Apartment

1-2 beds

1-2.5 baths

596-1,100 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, Washer and Dryer, Stainless Steel Appliances, Quartz Countertops, Private Outdoor Area With Grill, Wrap around balcony, Skyline Views, Trash, Ice Maker, Balcony, Controlled-Access Building, Washer & Dryer. Pet Friendly.

RentalSource last checked: January 18, 2026 at 2:30 PM ET

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

Property Summary

Property Type:	Apartment
Rental Fee:	$1,390 - $2,190
Bedrooms:	1-2 beds
Bathrooms:	1-2.5 baths

Size:	596-1,100 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81451927

Property Amenities

• Balcony/Patio

• Dishwasher

• Microwave

• Pet Friendly

• Refrigerator

• Washer/Dryer In Unit

• Walk-in Closets

Community Features

• Fitness Center

• Parking

Unit Rates

Name	Beds	Baths	Sqft	Rent
Studio	1	1	596	$1,390
Studio	1	1	596	$1,430
1 Bed	1	1	766	$1,640
1 Bed	1	1	803	$1,690 - $1,720
1 Bed	1	1	803	$1,690

Additional Details

Apartments for rent in Indianapolis for $1,390-$2,190 with 1-2 beds, 1-2.5 baths, 596-1,100 sqft, pet friendly and located at 501 Virginia Ave in Indianapolis, IN 46203. The averaged rental price of $1,790 is 47.3% ($575) higher than the average rent of $1,215 for apartments in Indianapolis, IN and 47.7% ($578) higher than the average rent of $1,212 for apartments in Marion County. 501 Virginia Ave was advertised by Deylen Realty 6+ months ago and last updated today at 2:30 PM 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 - $2,190

Rent Affordability Calculator

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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.