Lofts on Madison Apartments

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

501 Madison Ave
Indianapolis, IN 46225
(317) 779-2667
Lofts on Madison in Indianapolis, IN - Building Photo
  • Studio Bedrooms
  • $1,149-$1,249Pricing
  • 550–675Square Feet

Rent Specials

**24-Hour Look and Lease Special!~~**24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent!

Ask Us About Our Specials

About Lofts on Madison

Welcome to The Heart of Downtown Indianapolis, where modern living meets vibrant city life. This stunning apartment building offers spacious, contemporary units with sleek finishes and unparalleled convenience. Located just steps from the city's best dining, shopping, and entertainment, you'll experience all the energy Indianapolis has to offer right outside your door. Whether you're commuting to work, catching a Colts game at Lucas Oil Stadium, or enjoying the lively atmosphere of Monument Circle, you'll find everything you need at your fingertips. Discover your perfect urban retreat today where convenience, style, and excitement come together in the center of it all. Lofts on Madison offers an on-site laundry facility. There is a secure parking garage with spots available for purchase ($125 monthly). This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply). Residents are required to turn on electric in their own name. Water, sewer, and trash cost $40.00 charged monthly. 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 the Guarantors 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 apartments starting from $1,149 and having 550–675 sq ft. Here is the current pricing and availability:

    • Studio

      Studio

      From $1,149

      Studio, 1 Bath, 550-675 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtPhotosView Details
      $1,249Available Now202675
      $1,149Available Now305550

      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

      Model Price Range

      • $1,149 - $1,249

      Unit 202 Rent and Fees

      Unit Price

      • $1,249

      Model Rent and Fees

      Model Price Range

      • $1,149 - $1,249

      Unit 305 Rent and Fees

      Unit Price

      • $1,149

      Model Rent and Fees

      Model Price Range

      • $1,149 - $1,249
    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 mo

    Fees and Policies

    The fees below are based on community-supplied data and may exclude additional fees and utilities.

    Required Fees

    One-Time Move-In Fees

    Due at Application
    Application Fee Per Applicant$65

    Other Fees

    Personal Add-Ons

    Resident benefit package$37

    Pet Policy and Fees

    Cats

    • 3 Pet Limit
    • $65 Monthly Pet Rent
    • $300 Fee
    • 25 Lb Weight Limit
    Restrictions:

    Dogs

    • 3 Pet Limit
    • $65 Monthly Pet Rent
    • $300 Fee
    • 25 Lb Weight Limit
    Restrictions:

    Parking Info and Fees

    Attached Garage
    • Assigned Parking
    • $100/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

    • 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

    • Disposal
    • Freezer
    • Stainless Steel Appliances
    • Kitchen
    • Dishwasher
    • Island Kitchen
    • Range
    • Refrigerator
    • Microwave
    • Oven
    • 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 at Lofts on Madison currently start from $1,149. Call today for more info!

    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?

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

    Are there any rent specials?

    The current rent special at Lofts on Madison is: **24-Hour Look and Lease Special!~~**24-Hour Look and Lease Special! Apply within 24 hours of your tour and receive half off your first full month's rent!.

    Lifestyle Ratings

    • Affordability Nice Value3.2

      The Lofts on Madison Apartments are 13.3% cheaper than the average apartment in the Old Southside area, and 4.4% cheaper than the average apartment city-wide.

      Rent Comparison to the Old Southside Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      Studio$1,149$1,326-$177-13.3%

      Rent Comparison to the city of Indianapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      Studio$1,149$1,202-$53-4.4%

      Methodology: On 10/26/2025, ApartmentHomeLiving.com compared current rents by floorplan to 41 other apartment communities in the immediate area around Lofts on Madison (Old Southside), and 532 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 10/26/2025

    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
    6/10

    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

    Indianapolis Repertory Theater

    140 W. Washington Street
    1 minute drive / 0.5 miles away

    ArtsGarden

    50 W. Washington Street
    1 minute drive / 0.5 miles away

    NCAA Hall of Champions

    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

    Indiana University-Indianapolis

    425 University Blvd
    3 minute drive / 1.32 miles away

    Indiana University School of Medicine

    340 W 10th St
    5 minute drive / 1.89 miles away

    Ivy Tech Community College - Downtown Indianapolis Campus

    50 West Fall Creek Pkwy
    6 minute drive / 3.06 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

    Naval Avionics Center

    12 minute drive / 5.78 miles away

    Parks and Recreation

    White River State Park

    White River State Park
    2 minute drive / 0.98 miles away

    Benjamin Harrison House

    1230 North Delaware Street
    4 minute drive / 1.66 miles away

    Garfirled Conservatory

    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

    Iaria's Italian Restaurant

    317 South College Avenue
    2 minute drive / 0.77 miles away

    Gabriel's Cafe

    320 North Meridian St
    2 minute drive / 0.83 miles away

    Elements

    415 North Alabama Street
    2 minute drive / 0.98 miles away

    Shopping Centers

    Circle Centre

    50 S Meridian St
    1 minute drive / 0.41 miles away

    National City Center

    155 W Washington St
    1 minute drive / 0.47 miles away

    Villaggio @ Page Pointe

    411 Virginia Ave
    1 minute drive / 0.6 miles away

    Lofts on Madison has 5 shopping centers within 1.6 miles.

    Nearby Neighborhoods

    Studio to 4 Bedroom Apartments from $550
    View Rentals
    Studio to 3 Bedroom Apartments from $930
    View Rentals
    Studio to 5 Bedroom Apartments from $563
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Indianapolis Studio Apartments $1,202$581$5,271
    Indianapolis 1 Bedroom Apartments $1,377$581$4,071
    Indianapolis 2 Bedroom Apartments $1,663$563$5,706
    Indianapolis 3 Bedroom Apartments $2,034$1,085$8,565
    Indianapolis 4 Bedroom Apartments $1,908$550$8,134
    Indianapolis 5 Bedroom Apartments $4,699$1,000$8,595

    Browse Top Apartments in Indianapolis

    Viewing: Lofts on Madison | Desktop Version | Listing Updated: 10/26/2025 | AHLGLD