- Studio–1 Bedrooms
- $1,050-$1,424 Pricing
- 550–700 Square Feet
About Lofts on Madison
Apply within 24 hours of your tour and get half off your first full month’s rent! Live your downtown dream at 501 Madison Ave, where modern design meets Indy energy. This stylish studio apartment (500 sq ft) is made for easy living — bright, open, and totally efficient. Natural light floods the space through large windows, giving it that warm, city-chic vibe perfect for work, study, or chill. Step outside and you’re in the heart of downtown Indianapolis — walk to Bottleworks District, grab tacos at Nada, coffee at Coat Check, or catch a show at Gainbridge Fieldhouse just blocks away. With easy access to IndyGo transit, you’re connected to everything the city has to offer. Lofts on Madison keeps it simple and convenient with on-site laundry, secured garage parking ($125/mo), and pet-friendly living (cats & small dogs welcome). Utilities are easy too — just pay your own electric, plus $42.44/month for water, sewer & trash. All residents are automatically enrolled in our Resident Benefits Package ($36.95/mo) — get perks like credit building, air filter delivery, and more. Move fast — stylish downtown living like this doesn’t last long. 501 Madison #305 is your perfect city base to live, work, and play.
Lofts on Madison is located in the Old Southside Neighborhood and 46225 Zip code of Indianapolis, IN. This community is professionally managed by PMI Midwest
Property Contact Info
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (317) 779-2667
- Disclaimer:
Office Hours
| Monday | 9:00 am–5:00 pm |
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | 9:00 am–5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
Floorplan Pricing and Availability
Lofts on Madison offers Studio to 1 Bedroom apartments starting from $1,050 and having 550–700 sq ft. Here is the current pricing and availability:
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Studio, 1 bath
$1,050
Studio, 1 Bath, up to 560 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,050 Available Now Studio, 1 bath up to 560 sq ft Model Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Heating
- High Speed Internet Access
- Skylights
- Smoke Free
- Sprinkler System
- Tub/Shower
- Washer/Dryer
- Washer/Dryer Hookup
Kitchen
- Dishwasher
- Disposal
- Freezer
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Rent and Fees
Model Price
- $1,050
$1,149
More 0 bedroom units
Studio, 1 Bath, 550 sq ft$1,149 depositAvailable Jul 15Availability Details
Price Availability Date Unit Sq Ft Deposit $1,149 July 15, 2026 303 550 $1,149 Unit 303 Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Heating
- Skylights
- Smoke Free
- Sprinkler System
- Tub/Shower
Kitchen
- Dishwasher
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Living Space
- Hardwood Floors
- High Ceilings
- Loft Layout
- Views
- Window Coverings
Outdoor Space
- Patio
Unit 303 Rent and Fees
Unit Price
- $1,149
Deposit
- $1,149 deposit
Apartment Unit: 303Apartment Model: Studio$1,149Studio, 1 Bath, 550 sq ftAvailable July 15, 20261 Bedroom
1 Bed, 1 bath
$1,375
1 Bed, 1 Bath, up to 700 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,375 Available Now 1 Bed, 1 bath up to 700 sq ft Model Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Heating
- High Speed Internet Access
- Skylights
- Smoke Free
- Sprinkler System
- Tub/Shower
- Washer/Dryer
- Washer/Dryer Hookup
Kitchen
- Dishwasher
- Disposal
- Freezer
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Rent and Fees
Model Price
- $1,375
1 Bed, 1 bath
$1,424
1 Bed, 1 Bath, up to 700 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $1,424 Available Now 1 Bed, 1 bath up to 700 sq ft Model Amenities and Features
Features
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Heating
- High Speed Internet Access
- Skylights
- Smoke Free
- Sprinkler System
- Tub/Shower
- Washer/Dryer
- Washer/Dryer Hookup
Kitchen
- Dishwasher
- Disposal
- Freezer
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Rent and Fees
Model Price
- $1,424
$1,424
More 1 bedroom units
1 Bed, 1 Bath, 700 sq ft$1,424 depositAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit $1,424 Available Now 209 700 $1,424 Unit 209 Rent and Fees
Unit Price
- $1,424
Deposit
- $1,424 deposit
Apartment Unit: 209Apartment Model: One Bedroom$1,4241 Bedroom, 1 Bath, 700 sq ftAvailable Now$1,375
More 1 bedroom units
1 Bed, 1 Bath, 700 sq ft$1,375 depositAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit $1,375 Available Now 211 700 $1,375 Unit 211 Amenities and Features
Features
- Air Conditioning
- Heating
- Smoke Free
Kitchen
- Dishwasher
- Disposal
- Granite Countertops
- Island Kitchen
- Stainless Steel Appliances
Living Space
- Hardwood Floors
Unit 211 Rent and Fees
Unit Price
- $1,375
Deposit
- $1,375 deposit
Apartment Unit: 211Apartment Model: One Bedroom$1,3751 Bedroom, 1 Bath, 700 sq ftAvailable Now
Schedule a Tour
Property Information
- 23 Units
- 3 Stories
- Built in 1900
Lease Terms
- 12 mo
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.$65.00
Other Fees and Policies
Personal Add-Ons
- Resident benefit packageiCharged per unit.$37.00
Pet Policy and Fees
Cats
- 3 Pet Limit
- 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
Dogs
- 3 Pet Limit
- 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
Parking Info and Fees
- Attached Garage
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
- Restaurant In Basement
On-Site Services
- Renters Insurance Program
- Online Services
- 24 Hour Access
- Laundry Facilities
Community Features
- Vintage Building
- Lounge
- Elevator
Outdoor Features
- Courtyard
- Controlled Access
- Patio
Interior Features
- Skylights
- Ceiling Fans
- High Speed Internet Access
- Heating
- Sprinkler System
- Tub/Shower
- Cable Ready
- Washer/Dryer Hookup
- Washer/Dryer
- Air Conditioning
- Smoke Free
Kitchen Amenities
- Quartz Countertops
- Dishwasher
- Oven
- Microwave
- Disposal
- Freezer
- Island Kitchen
- Range
- Refrigerator
- Stainless Steel Appliances
- Kitchen
- Granite Countertops
Living Area Features
- High Ceilings
- Vinyl Flooring
- Views
- Window Coverings
- Basement
- Hardwood Floors
- Loft Layout
Unique Amenities
- Garage Available
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
Map
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 $1,050 to $1,424
When is the leasing office open?
- The office Hours for Lofts on Madison are
- Monday 9:00 am–5:00 pm
- Tuesday By Appointment
- Wednesday By Appointment
- Thursday By Appointment
- Friday 9:00 am–5:00 pm
- Saturday Closed
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Lifestyle Ratings
Learn more about Lifestyle SearchNearby Schools
Arsenal Technical High School
Center for Inquiry School 2
Crispus Attucks Medical Magnet High School (9-12)
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Lofts on Madison.
Arts Museums and Landmarks
Big Box and Retail
Walgreen's
Cvs/Pharmacy
Kroger
Colleges and Universities
Ivy Tech Community College - Downtown Indianapolis Campus
Groceries
Kroger
Save-A-Lot
Aldi
Hospitals
Military Bases
Naval Avionics Center
Parks and Recreation
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
Shopping Centers
Lofts on Madison has 5 shopping centers within 1.6 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,227 | $590 | $5,869 |
| Indianapolis 1 Bedroom Apartments | $1,383 | $544 | $4,197 |
| Indianapolis 2 Bedroom Apartments | $1,669 | $545 | $8,200 |
| Indianapolis 3 Bedroom Apartments | $2,034 | $626 | $9,756 |
| Indianapolis 4 Bedroom Apartments | $2,148 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,178 | $1,300 | $10,000+ |
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