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520 Virginia Ave

Indianapolis, IN 46203 - Marion County

Apartment

1-2 beds

1 baths

650-1,015 sqft

About 520 Virginia Ave

Welcome to Five Twenty Virginia Apartments, nestled in the vibrant and historic Fletcher Place neighborhood, just steps away from the bustling Virginia Avenue and Fountain Square. Even though construction for this building first started 1886 and acted as the first two-story school in the city, you will experience the epitome of modern living in our thoughtfully designed units, where every detail is crafted to enhance your lifestyle. Each apartment boasts updated appliances, including a convenient dishwasher, complemented by sleek wood floors and vaulted ceilings that add character and charm to your space. With ample natural light streaming through large windows, your home becomes a bright and inviting sanctuary. We are a dog free community, cats are welcome with a $100 one-time pet fee. At Five Twenty Virginia, convenience meets peace of mind with keyless building entry and free parking for residents. While most utilities, including gas heat, are included in rent, residents are responsible for electric and renters' insurance. There is a communal laundry facility located in the lobby of the building. Discover the perfect blend of historic charm and contemporary comfort at Five Twenty Virginia Apartments. Stove, Garbage Disposal, Dishwasher, Refrigerator/ Freezer, Microwave, On-site Laundry, Water, Sewer, Trash & Gas.

RentalSource last checked: July 16, 2025 at 2:06 PM ET

Listed by: Five Twenty Virginia, (317) 636-7669

Property Summary

Property Type:	Apartment
Rental Fee:	$1,333 - $1,879
Bedrooms:	1-2 beds
Bathrooms:	1 baths

Size:	650-1,015 sqft
Pet Friendly:	No
Listing Status:	Active
ID:	78167015

Property Amenities

• Garbage Disposal

• Dishwasher

• Microwave

• Refrigerator

• Vaulted Ceilings

Community Features

• Laundry Facilities

• Reserved Parking

Unit Rates

Name	Beds	Baths	Sqft	Rent
1 Bed	1	1	650	$1,333
2 Beds	2	1	970	$1,750
2 Beds	2	1	1,015	$1,879

Additional Details

Apartments for rent in Indianapolis for $1,333-$1,879 with 1-2 beds, 1 bath, 650-1,015 sqft and located at 520 Virginia Ave in Indianapolis, IN 46203. The averaged rental price of $1,606 is 30.7% ($377) higher than the average rent of $1,229 for apartments in Indianapolis, IN and 31.0% ($380) higher than the average rent of $1,226 for apartments in Marion County. This apartment is in the Indianapolis Public School District and the nearest schools are William McKinley School 39, Arlington Community Middle School and Arsenal Technical High School. 520 Virginia Ave was advertised by Five Twenty Virginia 6+ months ago and last updated yesterday at 2:06 PM ET.

Affordability Calculator

Can I afford to live at 520 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

$53,320 /year

With your chosen rent-to-income ratio, an annual income of $53,320 is recommended to comfortably afford this 1-bedroom rental priced at $1,333 per month.

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

Apartment for rent

$1,333 - $1,879

Rent Affordability Calculator

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Property managed by:

Five Twenty Virginia
(317) 636-7669

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