Last Updated: 2 Wks. Ago

Monthly Rent

$1,099 - $1,249

Beds

Studio

Baths

1

* 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.

Note: Based on community-supplied data and independent market research. Subject to change without notice.

Lease Terms

12 - 24 Month Leases

Fees and Policies

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

  • One-Time Basics
    • Due at Application
      • Application Fee Per Applicant
        $65

Lofts on Madison Rent Calculator

Choose Floor Plan

Pets

Expenses

Note: Based on community-supplied data and independent market research. Subject to change without notice.

One-Time Expenses

  • Additional Discounts
    –$
  • Additional Expenses
    $
Total (One-Time)

Monthly Expenses

  • Rent*
  • Additional Discounts
    –$
  • Additional Expenses
    $
* - Based on 12 month lease
Total (Monthly)

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 Indianapolis, Indiana in the 46225 zip code. This apartment community was built in 1900 and has 3 stories with 23 units.

Special Features

  • Restaurant In Basement

Community Features

  • Laundry Facilities
  • 24 Hour Access
  • Renters Insurance Program
  • Online Services
  • Elevator
  • Lounge
  • Vintage Building
  • Courtyard

Floorplan Amenities

  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Smoke Free
  • Cable Ready
  • Tub/Shower
  • Sprinkler System
  • Dishwasher
  • Disposal
  • Granite Countertops
  • Stainless Steel Appliances
  • Island Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Quartz Countertops
  • Hardwood Floors
  • Vinyl Flooring
  • High Ceilings
  • Basement
  • Views
  • Skylights
  • Loft Layout
  • Window Coverings
  • Patio

Parking

Other

Assigned Parking $100

Security

  • Controlled Access

Pet Policy

Dogs and Cats Allowed

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

  • $65 Monthly Pet Rent
  • $300 Fee
  • 25 lb Weight Limit
  • 3 Pet Limit

Airport

  • Indianapolis International

    Drive: 24 min 13.2 mi

Commuter Rail

  • Indianapolis

    Walk: 5 min 0.3 mi

Universities

Parks & Recreation

  • University Park

    Walk: 17 min 0.9 mi

  • Indiana State Museum

    Walk: 21 min 1.1 mi

  • White River Gardens

    Drive: 5 min 2.1 mi

  • Indianapolis Zoo

    Drive: 6 min 2.1 mi

  • White River State Park

    Drive: 6 min 2.2 mi

Shopping Centers & Malls

Military Bases

Schools

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Downtown Indianapolis in Indianapolis, IN

Ratings

Renter Reviews

For Lofts on Madison
0 Ratings & Reviews

Other Available Apartments

Report an Issue

Lofts on Madison
I would like to...
0 out of 400 characters
(317) 779-3273

Submitting Request

Thank You

Your email has been sent.