501 Madison Ave, Unit 202

Indianapolis, IN 46225

$1,199
Price
Studio
Beds
675 Sq. Ft.
$21 / Sq. Ft.
675
Sq. Ft.
$21
per Sq. Ft.

Description

24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent! Glimpse the vibrant lifestyle awaiting you at 501 Madison Avenue, Apt 202, nestled in the heart of Indianapolis. This meticulously designed studio apartment offers 675 square feet of stylish living space, perfectly complementing your dynamic lifestyle. Revel in the timeless elegance of hardwood floors that add a touch of sophistication and warmth to your new home. The spacious full...24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent! Glimpse the vibrant lifestyle awaiting you at 501 Madison Avenue, Apt 202, nestled in the heart of Indianapolis. This meticulously designed studio apartment offers 675 square feet of stylish living space, perfectly complementing your dynamic lifestyle. Revel in the timeless elegance of hardwood floors that add a touch of sophistication and warmth to your new home. The spacious full bathroom offers modern fixtures and ample space, ensuring convenience and comfort. Situated in a prime location, this apartment positions you just moments away from the bustling energy and cultural delights of downtown Indianapolis. Enjoy the convenience of city living with easy access to an array of dining, shopping, and entertainment venues. With a layout that maximizes every inch, this apartment provides a blank canvas to express your unique style and personality. Imagine hosting intimate gatherings or simply unwinding in the cozy ambiance of your chic urban retreat. The welcoming atmosphere and strategic location make it an ideal choice for those seeking a harmonious balance between work and play. Embrace the opportunity to make this remarkable space your own and experience the vibrant lifestyle that awaits at 501 Madison Avenue. Lofts on Madison offers an on-site laundry facility. There is a secured parking garage with spots available for purchase ($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 electric on in their name. Water, sewer, and trash cost $42.44. All of our residents are enrolled in the Resident Benefits Package (RBP) for $36.95/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service, etc.

Property Details for 501 Madison Avenue, Unit 202

Architectural Style
Traditional
Subdivision Name
No Subdivision
Township
Center
LISTING UPDATED: 11/10/2025 10:07 AM

Property Details for 501 Madison Avenue, Unit 202

StatusActive
MLS #22057666
Days on Market103
Rental Incentives-
Available Date09/21/2025
Lease Term12
Furnished-
Compass TypeRental
MLS TypeResidential Lease / Condominium
Year Built1860
Lot Size0.52 AC / 22,651 SF
CountyMarion County

Location

Listing Courtesy of PMI Midwest
Add your commute

Building Information for 501 Madison Avenue, Unit 202

Building/Complex501 Madison AveFloor2Stories-Residences-Pet PolicyAllowedPet Policy DetailsW/ApprovalYear Built1860Lot Size0.52 AC / 22,651 SF

Property Information for 501 Madison Avenue, Unit 202

Summary
Location and General Information
  • City: Indianapolis
  • Condo Description Location: Building Common Entry
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1177
  • State Or Province: IN
  • Unit Number: 202
Taxes and HOA Information
  • Parcel Number: 491112225004000101
  • Semi Annual Property Tax Amt: 20340
  • Tax Year: 2024
  • TaxLot: 491112225004000101
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: No Utilities
Parking
  • Garage YN: Yes
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Condo Type: Horizontal
  • Lifestyles: Flat
  • Lot Size Square Feet: 22651.0
  • Lot Size Acres: 0.52
  • Main Level SqFt: 675
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 675.0
  • Sq Ft Total: 675.0
  • Year Built Numeric: 1860
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Common Walls: 1 Common Wall
Utilities
  • Solid Waste: No
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Refrigerator, Dishwasher, Electric Oven, Microwave, Common Laundry
  • Basement YN: No
  • Cooling: Central Air
  • Eating Area: Dining Combo/Living Room
  • Fireplaces Total: 0
  • Floor Number: 2
  • Heating: Baseboard
  • Levels: One
  • Room List: Living Room
  • Room and Features: Living Room-Main
  • Main Level Bedrooms: 0
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 1
  • Rooms Total MU: 1
  • Total Rooms: 1
Room 1
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Living Room
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Rental
Rental Information
  • Due At Lease Sign: First Month Rent,Security Deposit
  • Lease Term: 12 Months
  • Min Lease Req: 12
  • Pets Allowed: W/Approval
  • Tenant Pays: All Utilities

Property History for 501 Madison Avenue, Unit 202

DateEvent & SourcePriceAppreciation
Aug 19, 2025

Listed (Active)

MIBORMLS #22057666

$1,249—
DateEvent & SourcePrice
08/19/2025

Listed (Active)

MIBORMLS #22057666

$1,249

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 501 Madison Avenue, Unit 202

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Thomas D. Gregg School 15
Public - PK to 6
Brookside School 54
Public - PK to 6
James Russell Lowell School 51
Public - PK to 6
Washington Irving School 14
Public - PK to 6
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Brookside School 54
PublicPK to 6

James Russell Lowell School 51
PublicPK to 6

Washington Irving School 14
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

More information about 501 Madison Avenue, Unit 202, Indianapolis, IN 46225

501 Madison Avenue, Unit 202 is available for rent in Indianapolis, IN 46225. This property was listed on August 19, 2025 by PMI Midwest, it's currently listed at $1,199. This listing's school district is Indianapolis Public Schools. Nearby schools include Thomas D. Gregg School 15, Brookside School 54 and James Russell Lowell School 51. 501 Madison Avenue, Unit 202 is a 0-bed, 1-bath, 675 sqft a property built in 1860.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the owner. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PMI Midwest

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/13/2025 04:03 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.