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Pet Friendly

Garage

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Penrose on Mass

530 Massachusetts Ave, Indianapolis, IN 46204 - Marion County

Apartment

1-2 beds

1-2 baths

About 530 Massachusetts Ave

Cats allowed, Dogs allowed, Elevator, Garage, Parking, Pool, Gym, Pet friendly, 24hr maintenance, Bbq/grill, Clubhouse, Conference room, Green community, Hot tub & Internet access.

RentalSource last checked: May 23, 2025 at 6:00 AM ET

Listed by: Penrose on Mass

Property Summary

Property Type:	Apartment
Rental Fee:	$1,850 - $2,815
Bedrooms:	1-2 beds
Bathrooms:	1-2 baths

Size:	Inquire
Pet Friendly:	Yes
Has Garage:	Yes
ID:	70140418

Property Amenities

• Garage

• Gas Range

• High-Speed Internet

• Pet Friendly

Community Features

• Clubhouse

• Fitness Center

• Spa/Jacuzzi

• Pool

• Reserved Parking

Unit Rates

Name	Beds	Baths	Sqft	Rent
1 Bed	1	1	-	$1,850
1 Bed	1	1	-	$1,900
2 Beds	2	2	-	$2,815

Leasing Information

Pet fee: $250 per pet. Pet limit: 2. Pet rent: $25/month per pet.

Additional Details

Apartments for rent in Indianapolis for $1,850-$2,815 with 1-2 beds, 1-2 baths, pet friendly and located within Penrose on Mass at 530 Massachusetts Ave in Indianapolis, IN 46204. The averaged rental price of $2,333 is 89.8% ($1,104) higher than the average rent of $1,229 for apartments in Indianapolis, IN and 90.3% ($1,107) 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 Center for Inquiry School 2, Arlington Community Middle School and Arsenal Technical High School. Penrose on Mass was advertised by Penrose on Mass 6+ months ago and last updated on May 23, 2025 at 6:00 AM ET.

Affordability Calculator

Can I afford to live at 530 Massachusetts 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

$74,000 /year

With your chosen rent-to-income ratio, an annual income of $74,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,850 per month.

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

Apartment for rent

$1,850 - $2,815

Rent Affordability Calculator

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Property managed by:

Penrose on Mass

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