Lofts on Madison Apartments

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501 Madison Ave, Indianapolis, IN 46225
(317) 779-2667
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Contact

Lofts on Madison

501 Madison Ave
Indianapolis, IN 46225
(317) 779-2667
Lofts on Madison in Indianapolis, IN - Building Photo
  • Studio–1 Bedrooms
  • $1,199–$1,599Rent Pricing
  • 500–950Square Feet

Rent Specials

Half off first full months rent is moved in by 4/15!!

Ask Us About Our Specials

About Lofts on Madison

501 Madison Ave was originally built in the early 1900's for warehouse use and the early 20th century industrial architecture can still be found throughout the building to this day as it now houses 23 fully updated units. Located within walking distance of Bankers Life Fieldhouse, Lucas Oil Stadium, the Indianapolis Convention Center, Georgia Street, and much more, this is the perfect place to call home for anyone looking to call downtown Indy home! Lofts on Madison has spacious studios and one bedroom lofts available with garage parking optional within building. Lofts on Madison offers an on-site laundry facility. There is a parking garage with spots available for rent($100 monthly). This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply). Gas, water, sewer and trash cost $40.00 per month. All PMI Midwest 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 making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required.

Lofts on Madison is located in the Old Southside Neighborhood and 46225 Zip code of Indianapolis, IN.

Property Contact Info

Floorplan Pricing and Availability

Lofts on Madison offers Studio to 1 Bedroom apartments starting from $1,199 and having 500–950 sq ft. Here is the current pricing and availability:

  • Studio

    From $1,199

    Studio

    Studio, 1 Bath, 500 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtPhotos
    $1,199Available Now303500

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free
    • Sprinkler System
    • Tub/Shower
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Granite Countertops
    • Island Kitchen
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Unit 303 Rent and Fees

    Price

    • $1,199

    Model Rent and Fees

    Price

    • $1,199 - $1,249
  • 1 Bedroom

    From $1,299

    One Bedroom

    1 Bed, 1 Bath, 700-950 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotosView Details
    $1,299Available Now100950
    $1,399Available Now209700
    $1,599Available Now307800$500

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free
    • Sprinkler System
    • Tub/Shower
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Granite Countertops
    • Island Kitchen
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Price Range

    • $1,299 - $1,650

    Rent Pricing

    • $1,299 - $1,599

    Unit 100 Rent and Fees

    Price

    • $1,299

    Model Rent and Fees

    Price

    • $1,299 - $1,650

    Unit 209 Rent and Fees

    Price

    • $1,399

    Model Rent and Fees

    Price

    • $1,299 - $1,650

    Unit 307 Rent and Fees

    Price

    • $1,599

    Deposit

    • $500 deposit

    Model Rent and Fees

    Price

    • $1,299 - $1,650
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (317) 779-2667 to schedule a tour.

Property Information

  • 23 Units
  • 3 Stories
  • Built in 1900

Lease Terms

  • 12 Month

Pet Policy - Cats and Dogs

  • $65 Monthly Pet Rent
  • 3 Pet Limit
  • $300 Fee
  • 25 lb Weight Limit
  • This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply).Pet rent is based on a pet screening and will be between $25-$65 per month
Ask Us About Our Pet Policy

Parking Fees & Info

Parking Garage

  • Garage Fee: $100 /Mo

Fee & Deposit Info

One-Time Fees

  • $65 Application Fee

Features and Amenities

Unique Amenities

  • Resident Benefit Package

On-Site Services

  • Online Services
  • Concierge
  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Vintage Building
  • Elevator

Outdoor Features

  • Controlled Access
  • Patio

Interior Features

  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Sprinkler System
  • Tub/Shower
  • Washer/Dryer
  • Air Conditioning
  • Smoke Free

Kitchen Amenities

  • Dishwasher
  • Island Kitchen
  • Range
  • Refrigerator
  • Microwave
  • Oven
  • Disposal
  • Freezer
  • Stainless Steel Appliances
  • Kitchen
  • Granite Countertops

Living Area Features

  • High Ceilings
  • Vinyl Flooring
  • Hardwood Floors

Unique Amenities

  • Garage Available
Google Map

Map

501 Madison Ave, Indianapolis, IN 46225

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday10:00 am–2:00 pm
TuesdayBy Appointment
WednesdayBy Appointment
ThursdayBy Appointment
Friday10:00 am–2:00 pm
SaturdayClosed
SundayClosed

Frequently Asked Questions about Lofts on Madison

Where is Lofts on Madison located?

Lofts on Madison is located at 501 Madison Ave near the Old Southside area of Indianapolis, IN

What is the current rent range at Lofts on Madison?

Studio to 1 Bedroom Apartments at Lofts on Madison currently range from $1,199 to $1,599

When is the leasing office open?

  • The office Hours for Lofts on Madison are
  • Monday 10:00 am–2:00 pm
  • Tuesday By Appointment
  • Wednesday By Appointment
  • Thursday By Appointment
  • Friday 10:00 am–2:00 pm
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

Yes. Pets are allowed at Lofts on Madison. Call us today for info on moving here with your pet.

Are there any rent specials?

The current rent special at Lofts on Madison is: Half off first full months rent is moved in by 4/15!!.

Lifestyle Ratings

  • Affordability Nice Value3.2

    The Lofts on Madison Apartments are 26.45% cheaper than the average apartment in the Old Southside area, and 6.1% cheaper than the average apartment city-wide.

    Rent Comparison to the Old Southside Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,199$1,486-$287-19.3%
    1 Bedroom$1,299$1,955-$656-33.6%

    Rent Comparison to the city of Indianapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,199$1,244-$45-3.6%
    1 Bedroom$1,299$1,422-$123-8.6%

    Methodology: On 04/11/2025, ApartmentHomeLiving.com compared current rents by floorplan to 25 other apartment communities in the immediate area around Lofts on Madison (Old Southside), and 1225 other apartment communities in Indianapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 04/11/2025

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Arsenal Technical High School

Indianapolis Public Schools
1500 E Michigan St
Public School - Grades 9-12 (2366 Students)
In Attendance Zone4 minute drive / 1.6 miles away
1/10

Center for Inquiry School 2

Indianapolis Public Schools
725 North New Jersey Street
Public School - Grades K-8 (444 Students)
In Attendance Zone3 minute drive / 1.2 miles away
5/10

Crispus Attucks Medical Magnet High School (9-12)

Indianapolis Public Schools
1140 Dr M Luther King Jr St
Public School - Grades 9-12 (1188 Students)
In Attendance Zone5 minute drive / 1.7 miles away
1/10

Francis W Parker School 56

Indianapolis Public Schools
2353 Columbia Avenue
Public School - Grades PK-8 (274 Students)
In Attendance Zone6 minute drive / 3.0 miles away
3/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Lofts on Madison.

Arts Museums and Landmarks

140 W. Washington Street
1 minute drive / 0.5 miles away
50 W. Washington Street
1 minute drive / 0.5 miles away
700 W. Washington St.
2 minute drive / 0.7 miles away

Big Box and Retail

Walgreen's
1530 N Meridian St
5 minute drive / 1.92 miles away
Cvs/Pharmacy
1545 N Meridian St
5 minute drive / 1.94 miles away
Kroger
4445 E 10th St
8 minute drive / 3.78 miles away

Colleges and Universities

425 University Blvd
3 minute drive / 1.32 miles away
50 West Fall Creek Pkwy
6 minute drive / 3.06 miles away
1400 E Hanna Ave
8 minute drive / 3.74 miles away

Groceries

Kroger
4445 E 10th St
8 minute drive / 3.78 miles away
Save-A-Lot
2930 E 38th St
11 minute drive / 5.21 miles away
Aldi
6691 E Washington St
12 minute drive / 5.78 miles away

Hospitals

Eskenazi Health
720 Eskenazi Avenue
4 minute drive / 1.59 miles away
Indiana University Health
1701 N Senate Blvd
4 minute drive / 2.13 miles away
Neurodiagnostic Institute
5435 E 16th St
10 minute drive / 4.87 miles away

Military Bases

12 minute drive / 5.78 miles away

Parks and Recreation

White River State Park
2 minute drive / 0.98 miles away
1230 North Delaware Street
4 minute drive / 1.66 miles away
2505 Conservatory Drive
4 minute drive / 2.23 miles away

Lofts on Madison has 4 parks within 3.5 miles, including White River State Park, Benjamin Harrison House, Garfirled Conservatory, and SpaceQuest Planetarium.

Restaurants and Dining

317 South College Avenue
2 minute drive / 0.77 miles away
320 North Meridian St
2 minute drive / 0.83 miles away
415 North Alabama Street
2 minute drive / 0.98 miles away

Shopping Centers

229 S Delaware St
1 minute drive / 0.35 miles away
50 S Meridian St
1 minute drive / 0.41 miles away
155 W Washington St
1 minute drive / 0.47 miles away

Lofts on Madison has 5 shopping centers within 1.5 miles.

Nearby Neighborhoods

Studio to 3 Bedroom Apartments from $878
View Rentals
Studio to 3 Bedroom Apartments from $840
View Rentals
Studio to 5 Bedroom Apartments from $830
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Indianapolis Studio Apartments $1,244$585$6,201
Indianapolis 1 Bedroom Apartments $1,422$285$4,072
Indianapolis 2 Bedroom Apartments $1,720$700$7,871
Indianapolis 3 Bedroom Apartments $2,018$899$8,137
Indianapolis 4 Bedroom Apartments $2,045$700$5,850
Indianapolis 5 Bedroom Apartments $5,926$2,450$10,000+

Browse Top Apartments in Indianapolis

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Viewing: Lofts on Madison | Desktop Version | Listing Updated: 04/11/2025 | AHLGLD