Indy Downtown Colonial Apartments in Indianapolis, IN

Q: When is the leasing office open?

The office Hours for Indy Downtown Colonial Apartments are: Monday 9:00 am–6:00 pm ,Tuesday 9:00 am–6:00 pm ,Wednesday 9:00 am–6:00 pm ,Thursday 9:00 am–6:00 pm ,Friday 9:00 am–6:00 pm ,Saturday 9:00 am–3:00 pm ,Sunday 9:00 am–6:00 pm ,

Photos

Indy Downtown Colonial Apartments in Indianapolis, IN - Building Photo — Interior Photo

Indy Downtown Colonial Apartments in Indianapolis, IN - Building Photo - Interior Photo — Interior Photo

Indy Downtown Colonial Apartments in Indianapolis, IN - Building Photo - Building Photo — Building Photo

Contact

Indy Downtown Colonial Apartments

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

Income Restrictions

1 Bedroom Bedrooms
$980-$1,330 Pricing
475–718 Square Feet

About Indy Downtown Colonial Apartments

Live in the absolute center of the action in this premier downtown residence. Located at 126 E Vermont Street, this property offers a sophisticated urban retreat nestled between the historic American Legion Mall and the bustling excitement of the central business district. Whether you are looking for a sleek, modern condo or a luxury apartment experience, this address delivers high-end finishes and unparalleled access to the best of Indianapolis. Inside, these units typically boast open-concept living spaces, soaring ceilings, and premium kitchens featuring granite or quartz countertops and stainless steel appliances. Floor-to-ceiling windows or large glass doors often open up to private balconies, providing a front-row seat to the city's sparkling skyline and the lush greenery of the nearby memorial parks. The Ultimate Walkable Location This address boasts a "Walker's Paradise" score, putting you mere steps away from: Massachusetts Avenue (Mass Ave): Indianapolis’ premier cultural district for independent boutiques, art galleries, and top-tier dining. Monument Circle: The iconic heart of the city, just a 5-minute walk from your front door. Green Space: Direct access to the Indiana World War Memorial Plaza, offering acres of beautifully manicured park space for jogging or relaxing. The Cultural Trail: Seamlessly connect to the city’s world-class urban bike and pedestrian path. Key Property Details Type: Luxury Condo / High-Rise Apartment Layout: [Insert Number] Bedrooms / [Insert Number] Bathrooms Finishes: Modern flooring, designer lighting, and walk-in closets. Building Amenities: May include controlled-access parking, fitness centers, and secure building entry. Views: Breathtaking vistas of the Downtown skyline and the War Memorial.

Indy Downtown 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

Back Patio
Bike Parking
bike storage
Close To Mass Ave
Coded Entry
Community Courtyard
Community Laundry
Court Yard
Courtyard
Dog Stations
Fenced Area
Full Gym
Gym
Historic Character
Laundry Onsite
Laundry On-Site
Modern Baths
Security Cameras
Security Camera's
Stainless steel appliances
Urban Chic Apartments

See All Amenities

Property Contact Info

Call Us: (463) 800-7998

Ask About Our Move-In Specials

Floorplan Pricing and Availability

Indy Downtown Colonial Apartments offers 1 Bedroom apartments starting from $1,000 and having 475–718 sq ft. Here is the current pricing and availability:

1 Bedroom
Sort by
1 Bedroom 1 Bath - 39887
From $1,000
1 Bed, 1 Bath, 500-560 sq ft
Available Now
Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit Property Map
$1,000 Available Now Unit 311 520 $1,000
Model Amenities and Features
Features
Cable Ready
Handrails
Heating
High Speed Internet Access
Intercom
Security System
Skylights
Smoke Free
Storage Space
Tub/Shower
Wi-Fi
Windows
Kitchen
Dishwasher
Disposal
Eat-in Kitchen
Freezer
Granite Countertops
Ice Maker
Kitchen
Microwave
Oven
Quartz Countertops
Range
Refrigerator
Warming Drawer
Unit Unit 311 Rent and Fees
Unit Price
$1,000
Deposit
$1,000 deposit
Model Rent and Fees
Model Price Range
$980 - $1,030
Apartment Model: 1 Bedroom 1 Bath - 39887From $9801 Bedroom, 1 Bath, 500-560 sq ftAvailable Now
1 Bedroom 1 Bath - 39887 - Image 1
1 Bedroom 1 Bath - 39887 - Image 2
1 Bedroom 1 Bath - 39887 - Image 3
1 Bedroom 1 Bath - 39887 - Image 4
1 Bedroom 1 Bath - 39887 - Image 5
1 Bedroom 1 Bath - 39887 - Image 6
1 Bedroom 1 Bath - 39887 - Image 7
1 Bedroom 1 Bath - 39887 - Image 8
1 Bedroom 1 Bath - 39887 - Image 9
1 Bedroom 1 Bath - 39887 - Image 10
Apartment Unit: Unit 311Apartment Model: 1 Bedroom 1 Bath - 39887$1,0001 Bedroom, 1 Bath, 520 sq ftAvailable Now
1 Bedroom 1 Bath - 46970
From $1,000
1 Bed, 1 Bath, 475-535 sq ft
Available Now
Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit Property Map
$1,000 Available Now Unit Apt 303 495 $1,000
Model Amenities and Features
Features
Cable Ready
Handrails
Heating
High Speed Internet Access
Intercom
Security System
Skylights
Smoke Free
Storage Space
Tub/Shower
Wi-Fi
Windows
Kitchen
Dishwasher
Disposal
Eat-in Kitchen
Freezer
Granite Countertops
Ice Maker
Kitchen
Microwave
Oven
Quartz Countertops
Range
Refrigerator
Warming Drawer
Unit Unit Apt 303 Rent and Fees
Unit Price
$1,000
Deposit
$1,000 deposit
Model Rent and Fees
Model Price Range
$980 - $1,030
Apartment Model: 1 Bedroom 1 Bath - 46970From $9801 Bedroom, 1 Bath, 475-535 sq ftAvailable Now
1 Bedroom 1 Bath - 46970 - Image 1
1 Bedroom 1 Bath - 46970 - Image 2
1 Bedroom 1 Bath - 46970 - Image 3
1 Bedroom 1 Bath - 46970 - Image 4
1 Bedroom 1 Bath - 46970 - Image 5
1 Bedroom 1 Bath - 46970 - Image 6
1 Bedroom 1 Bath - 46970 - Image 7
1 Bedroom 1 Bath - 46970 - Image 8
1 Bedroom 1 Bath - 46970 - Image 9
1 Bedroom 1 Bath - 46970 - Image 10
Apartment Unit: Unit Apt 303Apartment Model: 1 Bedroom 1 Bath - 46970$1,0001 Bedroom, 1 Bath, 495 sq ftAvailable Now
1 Bedroom 1 Bath - 37140
From $1,275
1 Bed, 1 Bath, 600-660 sq ft
Available Now
Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit Property Map
$1,275 Available Now Unit 206 620 $1,275
Model Amenities and Features
Features
Cable Ready
Handrails
Heating
High Speed Internet Access
Intercom
Security System
Skylights
Smoke Free
Storage Space
Tub/Shower
Wi-Fi
Windows
Kitchen
Dishwasher
Disposal
Eat-in Kitchen
Freezer
Granite Countertops
Ice Maker
Kitchen
Microwave
Oven
Quartz Countertops
Range
Refrigerator
Warming Drawer
Unit Unit 206 Rent and Fees
Unit Price
$1,275
Deposit
$1,275 deposit
Model Rent and Fees
Model Price Range
$1,255 - $1,305
Apartment Model: 1 Bedroom 1 Bath - 37140From $1,2551 Bedroom, 1 Bath, 600-660 sq ftAvailable Now
1 Bedroom 1 Bath - 37140 - Image 1
1 Bedroom 1 Bath - 37140 - Image 2
1 Bedroom 1 Bath - 37140 - Image 3
1 Bedroom 1 Bath - 37140 - Image 4
1 Bedroom 1 Bath - 37140 - Image 5
1 Bedroom 1 Bath - 37140 - Image 6
1 Bedroom 1 Bath - 37140 - Image 7
1 Bedroom 1 Bath - 37140 - Image 8
1 Bedroom 1 Bath - 37140 - Image 9
1 Bedroom 1 Bath - 37140 - Image 10
Apartment Unit: Unit 206Apartment Model: 1 Bedroom 1 Bath - 37140$1,2751 Bedroom, 1 Bath, 620 sq ftAvailable Now
1 Bedroom 1 Bath - 47163
From $1,300
1 Bed, 1 Bath, 658-718 sq ft
Available Now
Largest 1 BedroomThis is the largest 1 Bedroom at this Property
Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit Property Map
$1,300 Available Now Unit Apt 105 678 $1,300
Model Amenities and Features
Features
Cable Ready
Handrails
Heating
High Speed Internet Access
Intercom
Security System
Skylights
Smoke Free
Storage Space
Tub/Shower
Wi-Fi
Windows
Kitchen
Dishwasher
Disposal
Eat-in Kitchen
Freezer
Granite Countertops
Ice Maker
Kitchen
Microwave
Oven
Quartz Countertops
Range
Refrigerator
Warming Drawer
Unit Unit Apt 105 Rent and Fees
Unit Price
$1,300
Deposit
$1,300 deposit
Model Rent and Fees
Model Price Range
$1,280 - $1,330
Apartment Model: 1 Bedroom 1 Bath - 47163From $1,2801 Bedroom, 1 Bath, 658-718 sq ftAvailable Now
1 Bedroom 1 Bath - 47163 - Image 1
1 Bedroom 1 Bath - 47163 - Image 2
1 Bedroom 1 Bath - 47163 - Image 3
1 Bedroom 1 Bath - 47163 - Image 4
1 Bedroom 1 Bath - 47163 - Image 5
1 Bedroom 1 Bath - 47163 - Image 6
1 Bedroom 1 Bath - 47163 - Image 7
1 Bedroom 1 Bath - 47163 - Image 8
1 Bedroom 1 Bath - 47163 - Image 9
1 Bedroom 1 Bath - 47163 - Image 10
Apartment Unit: Unit Apt 105Apartment Model: 1 Bedroom 1 Bath - 47163$1,3001 Bedroom, 1 Bath, 678 sq ftAvailable Now

Price	Availability Date	Unit	Sq Ft	Deposit	Property Map
$1,000	Available Now	Unit 311	520	$1,000

Price	Availability Date	Unit	Sq Ft	Deposit	Property Map
$1,000	Available Now	Unit Apt 303	495	$1,000

Price	Availability Date	Unit	Sq Ft	Deposit	Property Map
$1,275	Available Now	Unit 206	620	$1,275

Price	Availability Date	Unit	Sq Ft	Deposit	Property Map
$1,300	Available Now	Unit Apt 105	678	$1,300

Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Call us at: (463) 800-7998 to schedule a tour.

Property Information

39 Units
3 Stories
Built in 1900

Income Restrictions At Indy Downtown Colonial Apartments

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

# Persons	Annual Income
1	$2,700

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

Ask About Our Lease Terms

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged Per Applicant.$60.00
Due at Move-In
Administrative FeeiCharged Per Unit.$0.00

Other Fees and Policies

Situational Fees

Late FeeiCharged Per Unit.$0.00
Security Deposit - Non-RefundableiCharged Per Unit.$0.00

Pet Fees

Pet DepositiCharged per Pet.$250.00
One-Time Pet FeeiCharged Per Pet.$0.00
Monthly Pet FeeiCharged Per Pet.$20.00/mo
Pet DepositiCharged per Pet.$250.00
Monthly Pet FeeiCharged Per Pet.$20.00/mo

Parking Fees

Parking DepositiCharged Per Vehicle.$0.00
Parking FeeiCharged Per Vehicle.$0.00/mo

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

Back Patio
Bike Parking
bike storage
Close To Mass Ave
Coded Entry
Community Courtyard
Community Laundry
Court Yard
Courtyard
Dog Stations
Fenced Area
Full Gym
Gym
Historic Character
Laundry Onsite
Laundry On-Site
Modern Baths
Security Cameras
Security Camera's
Stainless steel appliances
Urban Chic Apartments

On-Site Services

Renters Insurance Program
Video Patrol
24 Hour Access
Key Fob Entry

Community Features

Walk Up

Outdoor Features

Picnic Area
Controlled Access
Yard
Lawn
Patio

Recreation and Fitness

Fitness Center
Bicycle Storage

Interior Features

Windows
Skylights
Storage Space
Security System
Intercom
Tub/Shower
High Speed Internet Access
Heating
Handrails
Cable Ready
Wi Fi
Smoke Free

Kitchen Amenities

Warming Drawer
Disposal
Freezer
Oven
Kitchen
Ice Maker
Range
Refrigerator
Microwave
Dishwasher
Eat In Kitchen
Quartz Countertops
Granite Countertops

Living Area Features

High Ceilings
Large Bedrooms
Views
Linen Closet
Tile Floors
Vaulted Ceiling
Recreation Room
Vinyl Flooring
Basement
Bay Window
Crown Molding
Dining Room

Ask About Our Amenities

Hours and Contact Info

Call Us - Open Now!

Currently Closed

By Appointment

(463) 800-7998

Monday	9:00 am–6:00 pm
Tuesday	9:00 am–6:00 pm
Wednesday	9:00 am–6:00 pm
Thursday	9:00 am–6:00 pm
Friday	9:00 am–6:00 pm
Saturday	9:00 am–3:00 pm
Sunday	9:00 am–6:00 pm

Ask About Live Online Tours

Frequently Asked Questions about Indy Downtown Colonial Apartments

Where is Indy Downtown Colonial Apartments located?

Indy Downtown 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 Downtown Colonial Apartments?

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

When is the leasing office open?

The office Hours for Indy Downtown Colonial Apartments are
Monday 9:00 am–6:00 pm
Tuesday 9:00 am–6:00 pm
Wednesday 9:00 am–6:00 pm
Thursday 9:00 am–6:00 pm
Friday 9:00 am–6:00 pm
Saturday 9:00 am–3:00 pm
Sunday 9:00 am–6:00 pm

Are pets allowed?

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

Lifestyle Ratings

Affordability Nice Value3.4
The Indy Downtown Colonial Apartments Apartments are 37.4% cheaper than the average apartment in the Circle City area, and 29.0% cheaper than the average apartment city-wide.
Rent Comparison to the Circle City Neighborhood
Floorplan Lowest Price Here Neighborhood Avg Rent Nbhd Avg Rent Cost Difference %
1 Bedroom $980 $1,566 -$586 -37.4%
Rent Comparison to the city of Indianapolis
Floorplan Lowest Price Here City Average Rent Cost Difference %
1 Bedroom $980 $1,381 -$401 -29.0%
Methodology: On 03/30/2026, ApartmentHomeLiving.com compared current rents by floorplan to 180 other apartment communities in the immediate area around Indy Downtown Colonial Apartments (Circle City), and 1064 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 03/30/2026
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
- Video Patrol
- Controlled Gate Access
- Key Fob Entry
- Bicycle Storage
- High Speed Internet Access
- Dishwashers
- Eat in Kitchen or Dining Rooms
- Large Bedrooms
- Tile Floors
- Basements
- Patios
- Renters Insurance Programs
- 24 Hour Access
- Picnic Area
- Storage Spaces
- Security Systems
- Intercoms
- Tub/Showers
- Heating
- Handrails
- Hi Speed Internet/Wi-Fi
- Disposals
- Freezers
- Kitchens
- Ice Makers
- Granite Countertops
- Views
- Vaulted Ceilings
- Recreation Room(s)
- Vinyl Flooring
- Bay Windows
- Dining Rooms
- Yards
- Lawns
- Cable Ready
See more
See less
Transit Friendly 4.0
Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Floorplan	Lowest Price Here	Neighborhood Avg Rent	Nbhd Avg Rent	Cost Difference	%
1 Bedroom	$980	$1,566	-$586	-37.4%

Floorplan	Lowest Price Here	City Average Rent	Cost Difference	%
1 Bedroom	$980	$1,381	-$401	-29.0%

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

In Attendance Zone3 minute drive / 1.1 miles away

Center for Inquiry School 2

Indianapolis Public Schools

725 North New Jersey Street

Public School - Grades K-8

In Attendance Zone1 minute drive / 0.4 miles away

Crispus Attucks Medical Magnet High School (9-12)

Indianapolis Public Schools

1140 Dr M Luther King Jr St

Public School - Grades 9-12

In Attendance Zone3 minute drive / 1.0 miles away

Francis W. Parker School 56

Indianapolis Public Schools

2353 Columbia Avenue

Public School - Grades PK-8

In Attendance Zone4 minute drive / 2.2 miles away

School data provided by GreatSchools.

Points of Interest

Time and distance from Indy Downtown Colonial Apartments.

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

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

Riley Hospital For Children

705 Riley Hospital Dr

5 minute drive / 1.71 miles away

Military Bases

Naval Avionics Center

10 minute drive / 5.04 miles away

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

Indy Downtown Colonial Apartments has 5 shopping centers within 1.0 miles.

Rental Price Ranges in the Area

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Indianapolis Studio Apartments	$1,172	$590	$4,832
Indianapolis 1 Bedroom Apartments	$1,381	$497	$4,071
Indianapolis 2 Bedroom Apartments	$1,631	$545	$5,672
Indianapolis 3 Bedroom Apartments	$2,015	$626	$7,670
Indianapolis 4 Bedroom Apartments	$1,872	$600	$10,000+
Indianapolis 5 Bedroom Apartments	$8,657	$950	$10,000+

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Viewing: Indy Downtown Colonial Apartments | Desktop Version | Listing Updated: 03/29/2026 | AHLSLV

Indy Downtown Colonial Apartments

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Indy Downtown Colonial Apartments

About Indy Downtown Colonial Apartments

Unique Features and Amenities

Property Contact Info

Floorplan Pricing and Availability

New! Interactive Property Map

1 Bedroom

1 Bedroom 1 Bath - 39887

From $1,000

Model Gallery

Photos

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Unit 311 Rent and Fees

Unit Price

Deposit

Model Rent and Fees

Model Price Range

1 Bedroom 1 Bath - 46970

From $1,000

Model Gallery

Photos

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Unit Apt 303 Rent and Fees

Unit Price

Deposit

Model Rent and Fees

Model Price Range

1 Bedroom 1 Bath - 37140

From $1,275

Model Gallery

Photos

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Unit 206 Rent and Fees

Unit Price

Deposit

Model Rent and Fees

Model Price Range

1 Bedroom 1 Bath - 47163

From $1,300

Model Gallery

Photos

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Unit Apt 105 Rent and Fees

Unit Price

Deposit

Model Rent and Fees

Model Price Range

Property Map

Property Map

Schedule a Tour

Property Information

Income Restrictions At Indy Downtown Colonial Apartments

Lease Terms

Fees and Policies

Required Fees

One-Time Basics

Other Fees and Policies

Situational Fees

Pet Fees

Parking Fees

Additional Parking Options

Features and Amenities

Unique Amenities

On-Site Services