Penn Street Tower Apartments

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115 N Pennsylvania St, Indianapolis, IN 46204
(844) 701-1260
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Penn Street Tower Apartments in Indianapolis, IN - Building Photo
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Penn Street Tower Apartments in Indianapolis, IN - Building Photo - Building Photo
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Penn Street Tower Apartments in Indianapolis, IN - Building Photo - Building Photo
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Penn Street Tower Apartments in Indianapolis, IN - Building Photo - Interior Photo
Interior Photo
Penn Street Tower Apartments in Indianapolis, IN - Building Photo - Interior Photo
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Building Photo
Building Photo
Interior Photo
Interior Photo
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Floor Plan
Floor Plan

Contact

Penn Street Tower Apartments

115 N Pennsylvania St
Indianapolis, IN 46204
(844) 701-1260
Penn Street Tower Apartments in Indianapolis, IN - Building Photo
  • 1–2 Bedrooms
  • $1,271-$2,348Pricing
  • 697–1,023Square Feet

About Penn Street Tower Apartments

Standing a block away from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments.

Penn Street Tower Apartments is located in the Circle City Neighborhood and 46204 Zip code of Indianapolis, IN. This community is professionally managed by Orloff Property Management, Inc

Unique Features and Amenities

  • 24 Hour Maintenace
  • Air Conditioning: Central
  • Amazon Lockers
  • City View
  • Community Room and Lounge
  • Downtown Indianapolis views in most homes
  • Dryer
  • Electric
  • Fitness Room Accessible 24 Hours a Day
  • Free Starbucks Machine
  • Granite Countertops
  • Indoor Bicycle Storage
  • Kitchen has Stunning White Cabinetry
  • Large loft-style windows
  • Modern Appliances
  • Modern tile backsplash
  • Online Maintenance Portal
  • Online Rent Payment
  • On-Site Management
  • Party Room
  • Resident Lounge
  • Secure Storage Lockers
  • Stainless Steel Appliances
  • Views of the Monument Circle
  • vinyl
  • Washer
  • Washer & dryer included in most homes
  • White Cabinetry

See All Amenities

Property Contact Info

Ask About Our Move-In Specials

Floorplan Pricing and Availability

Penn Street Tower Apartments offers 1 to 2 Bedroom apartments starting from $1,271 and having 697–1,023 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    Wabash: Floors 02-07

    From $1,271

    1 Bed, 1 Bath, 788 sq ft
    Available Oct 5
    Cheapest 1 BedroomThis is the cheapest 1 Bedroom at this Property

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $1,271 October 5, 2025402788$200
    $1,319 October 5, 2025502788$200

    Model Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Model Rent and Fees

    Model Price Range

    • $1,271 - $1,966

    Deposit

    • $200 deposit

    Unit 402 Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Unit 402 Rent and Fees

    Unit Price

    • From $1,271

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,271 - $1,966

    Unit 502 Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Unit 502 Rent and Fees

    Unit Price

    • $1,319

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,271 - $1,966

    St. Clair: Floors 13-15

    From $1,455

    1 Bed, 1 Bath, 697 sq ft
    Available Nov 10

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,455 November 10, 20251307697$200

    Unit 1307 Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Unit 1307 Rent and Fees

    Unit Price

    • From $1,455

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,455 - $2,347

    Wabash: Floors 10-12

    From $1,384

    1 Bed, 1 Bath, 788 sq ft
    Available Dec 10

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,384 December 10, 20251204788$200

    Unit 1204 Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Unit 1204 Rent and Fees

    Unit Price

    • From $1,384

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,384 - $2,266

  • 2 Bedrooms

    Senate 2 Bedroom 1 Bath Apartment at 115 Penn A...

    $1,399

    2 Beds, 1 Bath, 1019 sq ft
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,399Available NowSenate 2 Bedroom 1 Bath Apartment at 115 Penn A...1019 sq ft

    Model Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Model Rent and Fees

    Model Price

    • $1,399

    Maryland: Floors 10-12

    From $1,545

    2 Beds, 1 Bath, 1023 sq ft
    Available Sep 28
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,545 September 28, 202510061023$200

    Unit 1006 Amenities and Features

    Kitchen

    • Dishwasher
    • Disposal
    • Microwave
    • Range
    • Refrigerator

    Unit 1006 Rent and Fees

    Unit Price

    • From $1,545

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,545 - $2,348

    Senate: Floors 10-12

    From $1,565

    2 Beds, 1 Bath, 1019 sq ft
    Available Oct 10

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,565 October 10, 202512011019$200

    Unit 1201 Amenities and Features

    Kitchen

    • Dishwasher
    • Microwave
    • Range
    • Refrigerator

    Unit 1201 Rent and Fees

    Unit Price

    • From $1,565

    Deposit

    • $200 deposit

    Unit Description

    Standing one block east from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location with incredible views. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. Penn Street Tower shows off it’s historical architecture that pulls back the curtain on Indianapolis history while also having updated finishes including stainless steel appliances and granite countertops. Gainbridge Fieldhouse (home to the Indiana Pacers) and Lucas Oil Stadium (home to the Indianapolis Colts) are both less than one mile away. The building also offers a state of the art gym as well as a community room with full kitchen and television for residents to gather at.

    Model Rent and Fees

    Model Price Range

    • $1,565 - $2,296
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: (844) 701-1260 to schedule a tour.

Matterport 3D Tours

1BR, 1BA - 744SF
2BR, 1BA - 1,019SF
1BR, 1BA - The Keiths

Property Information

Lease Terms

  • 3 - 16 mo
Ask About Our Lease Terms

Fees and Policies

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

Other Fees

Personal Add-Ons

Administrative Fee$0
Application Fee Per Applicant$50

Pet Policy and Fees

Dogs

  • 2 Pet Limit
  • $150 Fee
  • 100 Lb Weight Limit

Cats

  • 2 Pet Limit
  • $150 Fee
  • 100 Lb Weight Limit

Storage

Storage Unit
  • $15/Mo

Features and Amenities

On-Site Services

  • Dry Cleaning Service
  • Maintenance On Site
  • Package Service
  • Property Manager On Site
  • Recycling
  • Renters Insurance Program
  • Key Fob Entry
  • Laundry Facilities

Community Features

  • Vintage Building
  • Clubhouse
  • Multi Use Room
  • Lounge
  • Disposal Chutes
  • Elevator

Outdoor Features

  • Controlled Access

Recreation and Fitness

  • Fitness Center
  • Bicycle Storage

Interior Features

  • Storage Space
  • High Speed Internet Access
  • Intercom
  • Tub/Shower
  • Trash Compactor
  • Cable Ready
  • Washer/Dryer
  • Air Conditioning
  • Wi Fi
  • Wheelchair Accessible (Rooms)
  • Smoke Free

Kitchen Amenities

  • Disposal
  • Range
  • Refrigerator
  • Island Kitchen
  • Kitchen
  • Stainless Steel Appliances
  • Freezer
  • Microwave
  • Dishwasher
  • Eat In Kitchen
  • Granite Countertops

Living Area Features

  • Office
  • Double Pane Windows
  • Views
  • Carpet
  • Hardwood Floors
Ask About Our Amenities
Google Map

Map

115 N Pennsylvania St, Indianapolis, IN 46204

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(844) 701-1260
MondayBy Appointment
TuesdayBy Appointment
WednesdayBy Appointment
ThursdayBy Appointment
FridayBy Appointment
SaturdayClosed
SundayClosed
Ask About Live Online Tours

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®

67 / 100

Good Transit

Many nearby public transportation options

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 Penn Street Tower Apartments

Where is Penn Street Tower Apartments located?

Penn Street Tower Apartments is located at 115 N Pennsylvania St near the Circle City area of Indianapolis, IN

What is the current rent range at Penn Street Tower Apartments?

1 Bedroom to 2 Bedroom Apartments at Penn Street Tower Apartments currently range from $1,271 to $2,348

When is the leasing office open?

  • The office Hours for Penn Street Tower Apartments are
  • Monday By Appointment
  • Tuesday By Appointment
  • Wednesday By Appointment
  • Thursday By Appointment
  • Friday By Appointment
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

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

Lifestyle Ratings

  • Affordability Nice Value3.2

    The Penn Street Tower Apartments Apartments are 26.3% cheaper than the average apartment in the Circle City area, and 10.65% cheaper than the average apartment city-wide.

    Rent Comparison to the Circle City Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$1,271$1,535-$264-17.2%
    2 Bedroom$1,399$2,167-$768-35.4%

    Rent Comparison to the city of Indianapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,271$1,362-$91-6.7%
    2 Bedroom$1,399$1,639-$240-14.6%

    Methodology: On 09/27/2025, ApartmentHomeLiving.com compared current rents by floorplan to 326 other apartment communities in the immediate area around Penn Street Tower Apartments (Circle City), and 2084 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 09/27/2025

  • Family Friendly 3.0

    Family Friendly apartments feature the best community amenities for larger families like larger floorplans, playgrounds and day care options.

    Rating Factors

    This 3.0-star Family Friendly rating is based on the following features:

    • Fitness Center
    • Smoke Free Options
    • Hardwood Floors
    • Controlled Gate Access
    • Washer/Dryer In Unit
    • Dry Cleaning Service
    • Maintenance on site
    • Package Service
    • Key Fob Entry
    • Multi-Use Room
    • Elevator(s)
    • Bicycle Storage
    • High Speed Internet Access
    • Dishwashers
    • Eat in Kitchen or Dining Rooms
    • Property Manager on Site
    • Renters Insurance Programs
    • Laundry Facilities
    • Lounge
    • Disposal Chutes
    • Storage Spaces
    • Intercoms
    • Tub/Showers
    • Air Conditioning
    • Hi Speed Internet/Wi-Fi
    • Wheelchair Access
    • Disposals
    • Island Kitchens
    • Kitchens
    • Freezers
    • Granite Countertops
    • Office(s)
    • Double Pane Windows
    • Views
    • Cable Ready
    See more
    See less

  • 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

3.9
6 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.

  • Affordable and good area

    November 15, 2024
    The price is reasonable for the age of the apartments and location
    Review from Apartments.com

  • Appointment

    June 15, 2023
    We are here from out of town to tour apartments. We had a 10:00 am appointment with management and they did not show up or call to cancel the appointment. We sat in the lobby which smelled musty and like trash.
    Review from Apartments.com

  • IF YOU DON'T LIKE NOISE 24/7 STAY AWAY-STENCHY ODOR-NON-OPENING WINDOWS

    June 5, 2016
    I have lived all over the USA. I moved to Penn Street towers and regretted it the first day. I could hear my upatairs neighbors, downstairs,next door and down the halls. I was able to hear conversations,flushing, music, barking, loud footsteps, children screaming. There is no insulation between walls and floors. The building smells terrible and the windows don't open. The facility is an old decrepit office building. I had to break lease.I wish they had -stars, it would be -10.Not fit for human ...
    life.It is probably about as quiet as a crack house.
    Read More
    Review from Apartments.com

  • Great location

    September 20, 2015
    Penn Street Tower is a great place to live if you want prime location in Indianapolis. Located right off of the circle you are literally walking distance to numerous restaurants, bars, and shops among other things. The building has been recently renovated so all the units are basically brand new and have energy efficient appliances. The only downside is that there aren't a ton of amenities. We have a communal room with a ping pong table, a gym with limited equipment, and a bike room if you have ...
    one. Essentially location is the biggest upside of these apartments.
    Read More
    Review from Apartments.com

  • Quiet, clean and close to everything

    August 17, 2015
    I have the honor of being the first official tenant of PST and I have to say it's been a terrific 3 months so far. Couldn't ask for a better apartment. Between walking, bikeshare and BlueCars, you are literally 15 minutes or less from EVERYTHING. Pros: Handsome old building exterior. Clean, modern interior. Quiet, relatively sound-proof - no partiers. Great downtown view. Attentive maintenance (had 2 minor issues that were fixed quickly). Tech savvy leasing office - you can do everything online. ...
    Cons: No freight elevator for large furniture. Cabinetry can be a bit on the fragile side. Can't open the windows. The pros definitely make up for the cons, and though a bit on the pricey side, you do get what you pay for. But in a good way.
    Read More
    Review from Apartments.com

  • Great Apartments in Downtown Indianapolis

    August 15, 2015
    Penn Street Tower is a great new complex in downtown Indy right off the circle in a prime location. The apartments are brand new, spacious and have great appliances. Pricing is reasonable for the location and space. The staff has been awesome and I'm very happy with my apartment so far. My only complaint is that the elevators could be a bit larger for moving furniture.
    Review from Apartments.com

Nearby Schools

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 / 0.6 miles away
6/10

Arsenal Technical High School

Indianapolis Public Schools
1500 E Michigan St
Public School - Grades 9-12 (2366 Students)
In Attendance Zone3 minute drive / 1.2 miles away
1/10

Francis W Parker School 56

Indianapolis Public Schools
2353 Columbia Avenue
Public School - Grades PK-8 (274 Students)
In Attendance Zone5 minute drive / 2.4 miles away
3/10

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 / 1.2 miles away
1/10
Contact Us About Nearby Schools
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 Penn Street Tower Apartments.

Arts Museums and Landmarks

Indianapolis Repertory Theater

140 W. Washington Street
1 minute drive / 0.19 miles away

ArtsGarden

50 W. Washington Street
1 minute drive / 0.2 miles away

Indianapolis Museum of Contemporary Art

340 N. Senate Avenue
1 minute drive / 0.23 miles away

Big Box and Retail

Walgreen's

1530 N Meridian St
3 minute drive / 1.23 miles away

Cvs/Pharmacy

1545 N Meridian St
3 minute drive / 1.25 miles away

Kroger

4445 E 10th St
7 minute drive / 3.6 miles away

Colleges and Universities

Indiana University-Indianapolis

425 University Blvd
2 minute drive / 0.94 miles away

Indiana University School of Medicine

340 W 10th St
3 minute drive / 1.21 miles away

Ivy Tech Community College - Downtown Indianapolis Campus

50 West Fall Creek Pkwy
5 minute drive / 2.37 miles away

Groceries

Kroger

4445 E 10th St
7 minute drive / 3.6 miles away

Save-A-Lot

2930 E 38th St
9 minute drive / 4.61 miles away

The Fresh Market

5415 N College Ave
12 minute drive / 5.69 miles away

Hospitals

Eskenazi Health

720 Eskenazi Avenue
3 minute drive / 1.02 miles away

Indiana University Health

1701 N Senate Blvd
4 minute drive / 1.45 miles away

Neurodiagnostic Institute

5435 E 16th St
9 minute drive / 4.63 miles away

Military Bases

Naval Avionics Center

11 minute drive / 5.55 miles away

Parks and Recreation

White River State Park

White River State Park
2 minute drive / 0.86 miles away

Benjamin Harrison House

1230 North Delaware Street
2 minute drive / 0.99 miles away

SpaceQuest Planetarium

3000 N Meridian St
5 minute drive / 2.79 miles away

Penn Street Tower Apartments has 4 parks within 2.9 miles, including White River State Park, Benjamin Harrison House, SpaceQuest Planetarium, and Garfirled Conservatory.

Restaurants and Dining

Gabriel's Cafe

320 North Meridian St
1 minute drive / 0.17 miles away

Elements

415 North Alabama Street
1 minute drive / 0.46 miles away

Iaria's Italian Restaurant

317 South College Avenue
2 minute drive / 0.94 miles away

Shopping Centers

National City Center

155 W Washington St
1 minute drive / 0.23 miles away

Circle Centre

50 S Meridian St
1 minute drive / 0.3 miles away

Villaggio @ Page Pointe

411 Virginia Ave
2 minute drive / 0.91 miles away

Penn Street Tower Apartments has 5 shopping centers within 1.0 miles.

Nearby Neighborhoods

Market East

Studio to 4 Bedroom Apartments from $550
View Rentals

Wholesale District

Studio to 3 Bedroom Apartments from $872
View Rentals

Mass Ave Arts District

Studio to 4 Bedroom Apartments from $563
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Indianapolis Studio Apartments $1,212$515$5,274
Indianapolis 1 Bedroom Apartments $1,362$597$4,292
Indianapolis 2 Bedroom Apartments $1,639$563$5,797
Indianapolis 3 Bedroom Apartments $2,051$801$10,000+
Indianapolis 4 Bedroom Apartments $1,986$550$8,910
Indianapolis 5 Bedroom Apartments $5,687$2,750$8,308

Browse Top Apartments in Indianapolis

By Price

By Community Type

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Viewing: Penn Street Tower Apartments | Desktop Version | Listing Updated: 09/26/2025 | AHLPLA