Indy Colonial Apartments

Verified
This is a CoStar Verified® Listing

Indy Colonial Apartments in Indianapolis, IN is verified by CoStar’s® proprietary screening and fraud detection process, so you can shop and rent with confidence on ApartmentHomeLiving.com. Always protect yourself when shopping online.

402-406 N Delaware St, Indianapolis, IN 46204
(463) 800-7998
Check Availability

Photos

Contact

Indy Colonial Apartments

402-406 N Delaware St
Indianapolis, IN 46204
(463) 800-7998
Indy Colonial Apartments in Indianapolis, IN - Building Photo
Income Restrictions
  • 1 Bedroom Bedrooms
  • $1,000–$1,300Rent Pricing
  • 528–628Square Feet

Rent Specials

First Month Free with 13 Month Lease~~First Month Free with 13 Month Lease

Ask Us About Our Specials

About Indy Colonial Apartments

Please come see our completely renovated apartment homes equipped with state of the art appliances, serious style and the most convenient location in town. Colonial Apartments is located at the intersection of Delaware & Vermont Streets in downtown Indianapolis. The community is one block from the Mass Ave. Cultural District full of distinguished eateries, art galleries, theatre and entertainment. Travel one half mile to monument circle for fine dining, and world class shopping.

Indy Colonial Apartments is located in the Circle City Neighborhood and 46204 Zip code of Indianapolis, IN. This community is professionally managed by Meridian Management Corporation

Unique Features and Amenities

  • Bike Storage
  • Coded Entry
  • Community Courtyard
  • Community Laundry
  • Dog Stations
  • Full Gym
  • Gym
  • Historic Character
  • Modern Baths
  • Stainless Steel Appliances
  • Urban Chic Apartments

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Indy Colonial Apartments offers 1 Bedroom apartments starting from $1,000 and having 528–628 sq ft. Here is the current pricing and availability:

    • 1 Bedroom

      From $1,000

      1 Bed, 1 bath

      1 Bed, 1 Bath, from 689 sq ftAvailable Now

      Availability Details

      PriceAvailability DateUnitSq Ft
      From $1,000Available Now1 Bed, 1 bath from 689 sq ft

      Model Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Handrails
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Skylights
      • Smoke Free
      • Tub/Shower
      • Wi-Fi

      Kitchen

      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances
      • Warming Drawer

      Model Rent and Fees

      Price Range

      • $1,000 - $1,100

      $1,075

      1 Bed, 1 bath

      1 Bed, 1 Bath, from 528 sq ftAvailable Now

      Availability Details

      PriceAvailability DateUnitSq Ft
      $1,075Available Now1 Bed, 1 bath from 528 sq ft

      Model Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Handrails
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Skylights
      • Smoke Free
      • Tub/Shower
      • Wi-Fi

      Kitchen

      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances
      • Warming Drawer

      Model Rent and Fees

      Price

      • $1,075

      From $1,200

      One Bedroom

      1 Bed, 1 Bath, 528-628 sq ftLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyAvailable Now

      Availability Details

      PriceAvailability DateUnitSq FtDepositPhotosFloorplanView Details
      $1,200Available Now203528$550
      $1,300Available Now206620$650
      $1,300Available Now210620$652

      Model Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Smoke Free
      • Tub/Shower

      Kitchen

      • Dishwasher
      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Granite Countertops
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances

      Living Space

      • Crown Molding
      • High Ceilings
      • Vaulted Ceiling
      • Vinyl Flooring

      Unique Features

      • Bike Storage
      • Coded Entry
      • Community Laundry
      • Full Gym

      Model Rent and Fees

      Price Range

      • $1,200 - $1,300

      Rent Pricing

      • $1,200 - $1,300

      Unit 203 Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Smoke Free
      • Tub/Shower

      Kitchen

      • Dishwasher
      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Granite Countertops
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances

      Living Space

      • Crown Molding
      • High Ceilings
      • Vaulted Ceiling
      • Vinyl Flooring

      Unique Features

      • Bike Storage
      • Coded Entry
      • Community Laundry
      • Full Gym

      Unit 203 Rent and Fees

      Price

      • $1,200

      Deposit

      • $550 deposit

      Model Rent and Fees

      Price

      • $1,200 - $1,300

      Unit 206 Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Smoke Free
      • Tub/Shower

      Kitchen

      • Dishwasher
      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Granite Countertops
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances

      Living Space

      • Crown Molding
      • High Ceilings
      • Vaulted Ceiling
      • Vinyl Flooring

      Unique Features

      • Bike Storage
      • Close To Mass Ave
      • Coded Entry
      • Community Laundry
      • Court Yard
      • Full Gym

      Unit 206 Rent and Fees

      Price

      • $1,300

      Deposit

      • $650 deposit

      Unit Description

      Beautiful Unit off Delaware Street, with beautiful sunrise across from church. Close to Mass Ave

      Model Rent and Fees

      Price

      • $1,200 - $1,300

      Unit 210 Amenities and Features

      Features

      • Air Conditioning
      • Cable Ready
      • Heating
      • High Speed Internet Access
      • Intercom
      • Security System
      • Smoke Free
      • Tub/Shower

      Kitchen

      • Dishwasher
      • Disposal
      • Eat-in Kitchen
      • Freezer
      • Granite Countertops
      • Kitchen
      • Microwave
      • Oven
      • Quartz Countertops
      • Range
      • Refrigerator
      • Stainless Steel Appliances

      Living Space

      • Crown Molding
      • High Ceilings
      • Vaulted Ceiling
      • Vinyl Flooring

      Unique Features

      • Bike Storage
      • Coded Entry
      • Community Laundry
      • Full Gym

      Unit 210 Rent and Fees

      Price

      • $1,300

      Deposit

      • $652 deposit

      Model Rent and Fees

      Price

      • $1,200 - $1,300
    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: (463) 800-7998 to schedule a tour.

    Property Information

    • 39 Units
    • 3 Stories
    • Built in 1980

    Income Restrictions At Indy Colonial Apartments

    Income restrictions apply to some or all residents. Contact the community for more information.

    # PersonsAnnual Income
    1$2,700
    income restriction

    To qualify, you must be equal to or below those in the chart, based on the number of persons living in the dwelling.

    Lease Terms

    • 12 months

    Utilities Included

    • Trash Removal

    Pet Policy

    Pet Policy - Cats

    • $250 Deposit Is Refundable
    • $20 Monthly Pet Rent
    • Must Be Declawed
    • $250 Deposit

    Pet Policy - Dogs

    • 40 Lb Weight Limit
    • $250 Deposit Is Refundable
    • $250 Deposit
    • Pet Interview Required
    • $20 Monthly Pet Rent
    • Must Be Spayed/Neutered
    • Breed Restrictions

    Parking Fees & Info

    Parking Other

    • Christian Place 9th & Alabama

    Fee & Deposit Info

    One-Time Fees

    • $35 Application Fee

    Features and Amenities

    On-Site Services

    • Renters Insurance Program
    • Video Patrol
    • 24 Hour Access
    • Key Fob Entry
    • Laundry Facilities

    Community Features

    • Walk Up

    Outdoor Features

    • Courtyard
    • Picnic Area
    • Controlled Access

    Recreation and Fitness

    • Fitness Center
    • Bicycle Storage

    Interior Features

    • Skylights
    • Security System
    • Tub/Shower
    • Intercom
    • Handrails
    • High Speed Internet Access
    • Heating
    • Cable Ready
    • Air Conditioning
    • Wi Fi
    • Smoke Free

    Kitchen Amenities

    • Warming Drawer
    • Disposal
    • Freezer
    • Kitchen
    • Stainless Steel Appliances
    • Range
    • Refrigerator
    • Eat In Kitchen
    • Microwave
    • Quartz Countertops
    • Oven

    Living Area Features

    • Large Bedrooms
    • Views
    • Vaulted Ceiling
    • Basement
    • Bay Window
    • Dining Room
    • Linen Closet
    • Recreation Room
    • Vinyl Flooring
    Google Map

    Map

    402-406 N Delaware St, Indianapolis, IN 46204

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday9:00 am–5:00 pm
    Tuesday9:00 am–5:00 pm
    Wednesday9:00 am–5:00 pm
    Thursday9:00 am–5:00 pm
    Friday9:00 am–5:00 pm
    SaturdayBy Appointment
    SundayBy Appointment

    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®

    65 / 100

    Good Transit

    Many nearby public transportation options

    Frequently Asked Questions about Indy Colonial Apartments

    Where is Indy Colonial Apartments located?

    Indy Colonial Apartments is located at 402-406 N Delaware St near the Circle City area of Indianapolis, IN

    What is the current rent range at Indy Colonial Apartments?

    1 Bedrooms at Indy Colonial Apartments currently start from $1,000. Call today for more info!

    When is the leasing office open?

    • The office Hours for Indy Colonial Apartments are
    • Monday 9:00 am–5:00 pm
    • Tuesday 9:00 am–5:00 pm
    • Wednesday 9:00 am–5:00 pm
    • Thursday 9:00 am–5:00 pm
    • Friday 9:00 am–5:00 pm
    • Saturday By Appointment
    • Sunday By Appointment

    Are pets allowed?

    Call us today to find out our pet policy and if we allow pets

    Are there any rent specials?

    The current rent special at Indy Colonial Apartments is: First Month Free with 13 Month Lease~~First Month Free with 13 Month Lease.

    Lifestyle Ratings

    • Affordability Nice Value3.4

      The Indy Colonial Apartments Apartments are 37.4% cheaper than the average apartment in the Circle City area, and 29.9% cheaper than the average apartment city-wide.

      Rent Comparison to the Circle City Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$1,000$1,597-$597-37.4%

      Rent Comparison to the city of Indianapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$1,000$1,426-$426-29.9%

      Methodology: On 06/13/2025, ApartmentHomeLiving.com compared current rents by floorplan to 156 other apartment communities in the immediate area around Indy Colonial Apartments (Circle City), and 950 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 06/13/2025

    • Transit Friendly 4.0

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

    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 Zone3 minute drive / 1.1 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 Zone1 minute drive / 0.4 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 Zone3 minute drive / 1.0 miles away
    1/10

    Francis W Parker School 56

    Indianapolis Public Schools
    2353 Columbia Avenue
    Public School - Grades PK-8 (274 Students)
    In Attendance Zone4 minute drive / 2.2 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 Indy Colonial Apartments.

    Arts Museums and Landmarks

    500 South Capitol Ave
    1 minute drive / 0.21 miles away
    50 W. Washington Street
    1 minute drive / 0.51 miles away
    140 W. Washington Street
    1 minute drive / 0.6 miles away

    Big Box and Retail

    Walgreen's
    1530 N Meridian St
    3 minute drive / 1.29 miles away
    Cvs/Pharmacy
    1545 N Meridian St
    3 minute drive / 1.3 miles away
    Kroger
    4445 E 10th St
    6 minute drive / 3.07 miles away

    Colleges and Universities

    340 W 10th St
    4 minute drive / 1.41 miles away
    425 University Blvd
    4 minute drive / 1.45 miles away
    50 West Fall Creek Pkwy
    5 minute drive / 2.41 miles away

    Groceries

    Kroger
    4445 E 10th St
    6 minute drive / 3.07 miles away
    Save-A-Lot
    2930 E 38th St
    9 minute drive / 4.35 miles away
    Aldi
    6691 E Washington St
    11 minute drive / 5.2 miles away

    Hospitals

    Eskenazi Health
    720 Eskenazi Avenue
    4 minute drive / 1.44 miles away
    Indiana University Health
    1701 N Senate Blvd
    4 minute drive / 1.64 miles away
    Neurodiagnostic Institute
    5435 E 16th St
    8 minute drive / 4.12 miles away

    Military Bases

    10 minute drive / 5.04 miles away

    Parks and Recreation

    1230 North Delaware Street
    2 minute drive / 0.97 miles away
    White River State Park
    4 minute drive / 1.38 miles away
    2505 Conservatory Drive
    5 minute drive / 2.75 miles away

    Indy Colonial Apartments has 4 parks within 2.8 miles, including Benjamin Harrison House, White River State Park, Garfirled Conservatory, and SpaceQuest Planetarium.

    Restaurants and Dining

    415 North Alabama Street
    1 minute drive / 0.24 miles away
    320 North Meridian St
    1 minute drive / 0.44 miles away
    317 South College Avenue
    1 minute drive / 0.6 miles away

    Shopping Centers

    50 S Meridian St
    1 minute drive / 0.54 miles away
    155 W Washington St
    1 minute drive / 0.63 miles away
    411 Virginia Ave
    2 minute drive / 0.68 miles away

    Indy Colonial Apartments has 5 shopping centers within 1.0 miles.

    Nearby Neighborhoods

    Studio to 3 Bedroom Apartments from $640
    View Rentals
    Studio to 3 Bedroom Apartments from $640
    View Rentals
    Studio to 4 Bedroom Apartments from $775
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Indianapolis Studio Apartments $1,283$370$6,437
    Indianapolis 1 Bedroom Apartments $1,426$325$4,210
    Indianapolis 2 Bedroom Apartments $1,720$483$8,176
    Indianapolis 3 Bedroom Apartments $2,049$798$10,000+
    Indianapolis 4 Bedroom Apartments $2,112$550$4,850

    Browse Top Apartments in Indianapolis

    By Price

    By Community Type

    By Amenities

    Viewing: Indy Colonial Apartments | Desktop Version | Listing Updated: 06/09/2025 | AHLSLV