Penn Street Tower Apartments

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115 N Pennsylvania St, Indianapolis, IN 46204
(844) 701-1260
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Penn Street Tower Apartments

115 N Pennsylvania St
Indianapolis, IN 46204
(844) 701-1260
Penn Street Tower Apartments in Indianapolis, IN - Building Photo
  • 2 Bedroom Bedrooms
  • $1,399Rent Pricing
  • 1,019–1,023Square Feet

About Penn Street Tower Apartments

Standing a block away from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments.

Penn Street Tower Apartments is located in the Circle City Neighborhood and 46204 Zip code of Indianapolis, IN. This community is professionally managed by Orloff Property Management, Inc

Unique Features and Amenities

  • 24-Hour Maintenance
  • Access Controlled
  • Appliances
  • Ceiling Fan
  • City View
  • Community Room
  • Community Room and Lounge
  • Downtown Indianapolis views in most homes
  • Fitness Room Accessible 24 Hours a Day
  • Free Starbucks Machine
  • Granite Countertops
  • Indoor Bicycle Storage
  • Kitchen has Stunning White Cabinetry
  • Large loft-style windows
  • Modern Appliances
  • Modern Tile Backsplash
  • Online Maintenance Portal
  • Online Rent Payment
  • On-Site Leasing Team
  • On-Site Management
  • Party Room
  • Pet Friendly
  • Plank Flooring
  • PST 10-12 (1 bedroom)
  • PST 10-12 (2 bedroom)
  • PST 13-15 (1 bedroom)
  • PST 13-15 (2 bedroom)
  • PST 8-9 (1 bedroom)
  • PST 8-9 (2 bedroom)
  • Resident Lounge
  • Secure Storage Lockers
  • Stainless Steel Appliances
  • Views of the Monument Circle
  • Washer & dryer included in most homes
  • White Cabinetry

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Penn Street Tower Apartments offers 2 Bedroom apartments starting from $1,399 and having 1,019–1,023 sq ft. Here is the current pricing and availability:

    • 2 Bedrooms

      $1,399

      Maryland

      2 Beds, 1 Bath, 1023 sq ftAvailable Now

      Availability Details

      PriceAvailability DateUnitSq FtDeposit
      $1,399Available NowMaryland1023 sq ft$200

      Model Amenities and Features

      Kitchen

      • Dishwasher
      • Disposal
      • Microwave
      • Range
      • Refrigerator

      Model Rent and Fees

      Price

      • $1,399

      Deposit

      • $200 deposit

      $1,399

      Senate

      2 Beds, 1 Bath, 1019 sq ftAvailable Now

      Availability Details

      PriceAvailability DateUnitSq FtDeposit
      $1,399Available NowSenate1019 sq ft$200

      Model Amenities and Features

      Kitchen

      • Dishwasher
      • Microwave
      • Range
      • Refrigerator

      Model Rent and Fees

      Price

      • $1,399

      Deposit

      • $200 deposit
    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: (844) 701-1260 to schedule a tour.

    Property Information

    Lease Terms

    • Available months 3,4,5,6,7,8,9,10,11,12,13,14,15,16

    Utilities Included

    • Trash Removal

    Pet Policy - Cats and Dogs

    • 2 Pet Limit
    • $150 Fee
    • 100 lb Weight Limit
    Ask Us About Our Pet Policy

    Storage Fees & Info

    Storage Unit

    • $15/MO

    Fee & Deposit Info

    One-Time Fees

    • $50 Application Fee

    3D Tours

    Features and Amenities

    On-Site Services

    • Dry Cleaning Service
    • Maintenance On Site
    • Package Service
    • Property Manager On Site
    • Recycling
    • Renters Insurance Program
    • 24 Hour Access
    • Key Fob Entry
    • Laundry Facilities

    Community Features

    • Vintage Building
    • Clubhouse
    • Multi Use Room
    • Lounge
    • Disposal Chutes
    • Elevator

    Outdoor Features

    • Controlled Access

    Recreation and Fitness

    • Fitness Center
    • Bicycle Storage

    Interior Features

    • Storage Space
    • Ceiling Fans
    • High Speed Internet Access
    • Intercom
    • Tub/Shower
    • Trash Compactor
    • Cable Ready
    • Washer/Dryer
    • Air Conditioning
    • Wi Fi
    • Wheelchair Accessible (Rooms)
    • Smoke Free

    Kitchen Amenities

    • Disposal
    • Range
    • Refrigerator
    • Island Kitchen
    • Kitchen
    • Stainless Steel Appliances
    • Microwave
    • Dishwasher
    • Eat In Kitchen
    • Granite Countertops

    Living Area Features

    • Office
    • Double Pane Windows
    • Views
    • Carpet
    • Hardwood Floors
    Google Map

    Map

    115 N Pennsylvania St, Indianapolis, IN 46204

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    MondayBy Appointment
    TuesdayBy Appointment
    WednesdayBy Appointment
    ThursdayBy Appointment
    FridayBy Appointment
    SaturdayClosed
    SundayClosed

    Getting Around

    Walk Score®

    99 / 100

    Walker’s Paradise

    Daily errands do not require a car

    Bike Score®

    98 / 100

    Biker's Paradise

    Daily errands can be accomplished on a bike

    Transit Score®

    67 / 100

    Good Transit

    Many nearby public transportation options

    Frequently Asked Questions about Penn Street Tower Apartments

    Where is Penn Street Tower Apartments located?

    Penn Street Tower Apartments is located at 115 N Pennsylvania St near the Circle City area of Indianapolis, IN

    What is the current rent range at Penn Street Tower Apartments?

    2 Bedrooms at Penn Street Tower Apartments currently start from $1,399. Call today for more info!

    When is the leasing office open?

    • The office Hours for Penn Street Tower Apartments are
    • Monday By Appointment
    • Tuesday By Appointment
    • Wednesday By Appointment
    • Thursday By Appointment
    • Friday By Appointment
    • Saturday Closed
    • Sunday Closed

    Are pets allowed?

    Yes. Pets are allowed at Penn Street Tower Apartments. Call us today for info on moving here with your pet.

    Lifestyle Ratings

    • Affordability Nice Value3.2

      The Penn Street Tower Apartments Apartments are 36.4% cheaper than the average apartment in the Circle City area, and 19.3% cheaper than the average apartment city-wide.

      Rent Comparison to the Circle City Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      2 Bedroom$1,399$2,200-$801-36.4%

      Rent Comparison to the city of Indianapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      2 Bedroom$1,399$1,734-$335-19.3%

      Methodology: On 04/01/2025, ApartmentHomeLiving.com compared current rents by floorplan to 120 other apartment communities in the immediate area around Penn Street Tower Apartments (Circle City), and 871 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 04/01/2025

    • Family Friendly 3.2

      Family Friendly apartments feature the best community amenities for larger families like larger floorplans, playgrounds and day care options.

      Rating Factors

      This 3.2-star Family Friendly rating is based on the following features:

      • Fitness Center
      • Smoke Free Options
      • Hardwood Floors
      • Controlled Gate Access
      • Washer/Dryer In Unit
      • Dry Cleaning Service
      • Maintenance on site
      • Package Service
      • Key Fob Entry
      • Multi-Use Room
      • Elevator(s)
      • Bicycle Storage
      • High Speed Internet Access
      • Dishwashers
      • Eat in Kitchen or Dining Rooms
      • Property Manager on Site
      • Renters Insurance Programs
      • 24 Hour Access
      • Laundry Facilities
      • Lounge
      • Disposal Chutes
      • Storage Spaces
      • Ceiling Fans
      • Intercoms
      • Tub/Showers
      • Air Conditioning
      • Hi Speed Internet/Wi-Fi
      • Wheelchair Access
      • Disposals
      • Island Kitchens
      • Kitchens
      • Granite Countertops
      • Office(s)
      • Double Pane Windows
      • Views
      • Cable Ready
      See more
      See less
    • Transit Friendly 3.8

      Transit Friendly apartments feature a fantastic location and great access to local mass transit.

    • Student Living 3.0

      Rentals that are highly rated for the Student Living Lifestyle rating have top features and amenities that benefit students and others who enjoy living the student lifestyle.

      Rating Factors

      This 3.0-star Student Living rating is based on the following features:

      • Hi Speed Internet/Wi-Fi
      • Package Service
      • Washer/Dryer In Unit
      • Property Manager on Site
      • 24 Hour Access
      • Multi-Use Room
      • Elevator(s)
      • Fitness Center
      • Bicycle Storage
      • Storage Spaces
      • Smoke Free Options
      • Views
      • Dry Cleaning Service
      • Maintenance on site
      • Recycling
      • Renters Insurance Programs
      • Key Fob Entry
      • Laundry Facilities
      • Clubhouse
      • Lounge
      • Disposal Chutes
      • Controlled Gate Access
      • High Speed Internet Access
      • Intercoms
      • Tub/Showers
      • Air Conditioning
      • Wheelchair Access
      • Disposals
      • Ranges
      • Refrigerators
      • Kitchens
      • Stainless Steel Appliances
      • Dishwashers
      • Eat in Kitchen or Dining Rooms
      • Granite Countertops
      • Ceiling Fans
      • Trash Compactor
      • Cable Ready
      See more
      See less
    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    3.9
    6 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.
    • Affordable and good area

      November 15, 2024
      The price is reasonable for the age of the apartments and location
      Review from Apartments.com
    • Appointment

      June 15, 2023
      We are here from out of town to tour apartments. We had a 10:00 am appointment with management and they did not show up or call to cancel the appointment. We sat in the lobby which smelled musty and like trash.
      Review from Apartments.com
    • IF YOU DON'T LIKE NOISE 24/7 STAY AWAY-STENCHY ODOR-NON-OPENING WINDOWS

      June 5, 2016
      I have lived all over the USA. I moved to Penn Street towers and regretted it the first day. I could hear my upatairs neighbors, downstairs,next door and down the halls. I was able to hear conversations,flushing, music, barking, loud footsteps, children screaming. There is no insulation between walls and floors. The building smells terrible and the windows don't open. The facility is an old decrepit office building. I had to break lease.I wish they had -stars, it would be -10.Not fit for human ...
      life.It is probably about as quiet as a crack house.
      Read More
      Review from Apartments.com
    • Great location

      September 20, 2015
      Penn Street Tower is a great place to live if you want prime location in Indianapolis. Located right off of the circle you are literally walking distance to numerous restaurants, bars, and shops among other things. The building has been recently renovated so all the units are basically brand new and have energy efficient appliances. The only downside is that there aren't a ton of amenities. We have a communal room with a ping pong table, a gym with limited equipment, and a bike room if you have ...
      one. Essentially location is the biggest upside of these apartments.
      Read More
      Review from Apartments.com
    • Quiet, clean and close to everything

      August 17, 2015
      I have the honor of being the first official tenant of PST and I have to say it's been a terrific 3 months so far. Couldn't ask for a better apartment. Between walking, bikeshare and BlueCars, you are literally 15 minutes or less from EVERYTHING. Pros: Handsome old building exterior. Clean, modern interior. Quiet, relatively sound-proof - no partiers. Great downtown view. Attentive maintenance (had 2 minor issues that were fixed quickly). Tech savvy leasing office - you can do everything online. ...
      Cons: No freight elevator for large furniture. Cabinetry can be a bit on the fragile side. Can't open the windows. The pros definitely make up for the cons, and though a bit on the pricey side, you do get what you pay for. But in a good way.
      Read More
      Review from Apartments.com
    • Great Apartments in Downtown Indianapolis

      August 15, 2015
      Penn Street Tower is a great new complex in downtown Indy right off the circle in a prime location. The apartments are brand new, spacious and have great appliances. Pricing is reasonable for the location and space. The staff has been awesome and I'm very happy with my apartment so far. My only complaint is that the elevators could be a bit larger for moving furniture.
      Review from Apartments.com

    Nearby Schools

    Center for Inquiry School 2

    Indianapolis Public Schools
    725 North New Jersey Street
    Public School - Grades K-8 (444 Students)
    In Attendance Zone1 minute drive / 0.6 miles away
    5/10

    Arsenal Technical High School

    Indianapolis Public Schools
    1500 E Michigan St
    Public School - Grades 9-12 (2366 Students)
    In Attendance Zone3 minute drive / 1.2 miles away
    1/10

    Francis W Parker School 56

    Indianapolis Public Schools
    2353 Columbia Avenue
    Public School - Grades PK-8 (274 Students)
    In Attendance Zone5 minute drive / 2.4 miles away
    3/10

    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 Zone3 minute drive / 1.2 miles away
    1/10
    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 Penn Street Tower Apartments.

    Arts Museums and Landmarks

    140 W. Washington Street
    1 minute drive / 0.19 miles away
    50 W. Washington Street
    1 minute drive / 0.2 miles away
    340 N. Senate Avenue
    1 minute drive / 0.23 miles away

    Big Box and Retail

    Walgreen's
    1530 N Meridian St
    3 minute drive / 1.23 miles away
    Cvs/Pharmacy
    1545 N Meridian St
    3 minute drive / 1.25 miles away
    Kroger
    4445 E 10th St
    7 minute drive / 3.6 miles away

    Colleges and Universities

    425 University Blvd
    2 minute drive / 0.94 miles away
    50 West Fall Creek Pkwy
    5 minute drive / 2.37 miles away
    3200 Cold Spring Rd
    8 minute drive / 3.9 miles away

    Groceries

    Kroger
    4445 E 10th St
    7 minute drive / 3.6 miles away
    Save-A-Lot
    2930 E 38th St
    9 minute drive / 4.61 miles away
    The Fresh Market
    5415 N College Ave
    12 minute drive / 5.69 miles away

    Hospitals

    720 Eskenazi Avenue
    3 minute drive / 1.02 miles away
    1701 N Senate Blvd
    4 minute drive / 1.45 miles away
    5435 E 16th St
    9 minute drive / 4.63 miles away

    Military Bases

    11 minute drive / 5.55 miles away

    Parks and Recreation

    White River State Park
    2 minute drive / 0.86 miles away
    1230 North Delaware Street
    2 minute drive / 0.99 miles away
    3000 N Meridian St
    5 minute drive / 2.79 miles away

    Penn Street Tower Apartments has 4 parks within 2.9 miles, including White River State Park, Benjamin Harrison House, SpaceQuest Planetarium, and Garfirled Conservatory.

    Restaurants and Dining

    320 North Meridian St
    1 minute drive / 0.17 miles away
    415 North Alabama Street
    1 minute drive / 0.46 miles away
    317 South College Avenue
    2 minute drive / 0.94 miles away

    Shopping Centers

    155 W Washington St
    1 minute drive / 0.23 miles away
    50 S Meridian St
    1 minute drive / 0.3 miles away
    229 S Delaware St
    1 minute drive / 0.59 miles away

    Penn Street Tower Apartments has 5 shopping centers within 0.9 miles.

    Nearby Neighborhoods

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Indianapolis Studio Apartments $1,280$585$6,600
    Indianapolis 1 Bedroom Apartments $1,431$307$4,900
    Indianapolis 2 Bedroom Apartments $1,734$750$7,388
    Indianapolis 3 Bedroom Apartments $2,059$899$8,137
    Indianapolis 4 Bedroom Apartments $1,599$699$2,796
    Indianapolis 5 Bedroom Apartments $1,830$1,830$1,830

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    Viewing: Penn Street Tower Apartments | Desktop Version | Listing Updated: 03/31/2025 | AHLPLA