Photos
- Studio Bedrooms
- $1,099-$1,249Pricing
- 550–675Square 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
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:
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Studio
From $1,149
Studio, 1 Bath, 550-675 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft Deposit Photos View Details $1,199 Available Now 202 675 $1,199 $1,149 Available Now 301 550 $1,149 Model 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
Model Rent and Fees
Model Price Range
- $1,099 - $1,249Plus Fees
Current Available Pricing
- $1,149 - $1,199 Plus Fees
Unit 202 Gallery
Photos
Unit 202 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 202 Rent and Fees
Unit Price
- $1,199Plus Fees
Deposit
- $1,199 deposit
Model Rent and Fees
Model Price Range
- $1,099 - $1,249Plus Fees
Unit 301 Gallery
Photos
Unit 301 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 301 Rent and Fees
Unit Price
- $1,149Plus Fees
Deposit
- $1,149 deposit
Model Rent and Fees
Model Price Range
- $1,099 - $1,249Plus Fees
Apartment Unit: 202Apartment Model: Studio$1,199Studio, 1 Bath, 675 sq ftAvailable Now![]()
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Unit: 202 - Image 10 Apartment Unit: 301Apartment Model: Studio$1,149Studio, 1 Bath, 550 sq ftAvailable Now![]()
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Schedule a Tour
Property Information
- 23 Units
- 3 Stories
- Built in 1900
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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. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Move-In Fees
- Due at Application
- Application Fee Per ApplicantiCharged per applicant$65
Other Fees
Personal Add-Ons
- Resident benefit packageiCharged per unit$37
Pet Policy and Fees
Cats
- 3 Pet Limit
- $65 Monthly Pet Rent
- $300 Fee
- 25 Lb Weight Limit
Dogs
- 3 Pet Limit
- $65 Monthly Pet Rent
- $300 Fee
- 25 Lb Weight Limit
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
Hours and Contact Info
| 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 |
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 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 SearchRenters Reviews and Ratings
Nearby Schools
Arsenal Technical High School
Center for Inquiry School 2
Crispus Attucks Medical Magnet High School (9-12)
Francis W Parker School 56
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 | $1,170 | $595 | $5,240 |
| Indianapolis 1 Bedroom Apartments | $1,374 | $497 | $6,336 |
| Indianapolis 2 Bedroom Apartments | $1,647 | $563 | $5,839 |
| Indianapolis 3 Bedroom Apartments | $2,011 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,589 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,752 | $1,000 | $10,000+ |
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