• Primary Photo - 500 Park Residences
  • Building Photo - 500 Park Residences
    Building Photo - 500 Park Residences
  • Building Photo - 500 Park Residences
    Primary Photo - 500 Park Residences

500 Park Residences

534 E Michigan St, Indianapolis, IN 46202

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Highlights

  • Walker's Paradise
  • Bike-Friendly Area
  • Walk-In Closets
  • Controlled Access
  • Fireplace
  • Island Kitchen
  • Elevator
  • Balcony

Pricing & Floor Plans

Check Back Soon for Upcoming Availability

Beds Baths Average SF Availability
1 Bedroom 1 Bedroom 1 Br 1.5 Baths 1.5 Baths 1.5 Ba 1,049 SF Not Available
2 Bedrooms 2 Bedrooms 2 Br 2 Baths 2 Baths 2 Ba 1,263 SF Not Available
2 Bedrooms 2 Bedrooms 2 Br 2.5 Baths 2.5 Baths 2.5 Ba 1,892 SF Not Available
3 Bedrooms 3 Bedrooms 3 Br 3 Baths 3 Baths 3 Ba 2,520 SF Not Available

Fees and Policies

Details

Property Information

  • Built in 2016
  • 12 units

About 500 Park Residences

Experience Indianapolis living at 500 Park Residences. This community is located on E Michigan St in Indianapolis. This community features 1 to 3 bedroom floor plans. The leasing staff is available to help you find your new place. Stop by the leasing office to see everything we have to offer.

500 Park Residences is an apartment community located in Marion County and the 46202 ZIP Code. This area is served by the Indianapolis Public Schools attendance zone.

Community Amenities

Elevator

Controlled Access

24 Hour Access

Online Services

  • Wi-Fi
  • Controlled Access
  • 24 Hour Access
  • Online Services
  • Elevator

Apartment Features

Washer/Dryer

Air Conditioning

Dishwasher

Washer/Dryer Hookup

High Speed Internet Access

Walk-In Closets

Island Kitchen

Granite Countertops

Indoor Features

  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Double Vanities
  • Tub/Shower
  • Fireplace
  • Intercom

Kitchen Features & Appliances

  • Dishwasher
  • Disposal
  • Granite Countertops
  • Stainless Steel Appliances
  • Island Kitchen
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer

Model Details

  • Tile Floors
  • Vinyl Flooring
  • Vaulted Ceiling
  • Walk-In Closets
  • Balcony
Location
534 E Michigan St, Indianapolis,
IN 46202
Get Directions
| Edit
Edit Commute

Under 30 minutes

Commute Time is calculated at rush hour.
Neighborhood

Chatham Arch is a bustling arts and culture hub in Downtown Indianapolis. This vibrant urban neighborhood is filled with art galleries and studios, theaters, trendy restaurants, boutiques, music venues, and bars. Living in Chatham Arch places you in the heart of Indianapolis, so you’ll have easy access to even more of the city’s best shopping, dining, and entertainment options as well. Great for students, university employees, and professionals, Chatham Arch is convenient to several office buildings, government offices, and the Indiana University–Purdue University Indianapolis campus.

Chatham Arch has affordable to upscale rental options for every taste and lifestyle boasting everything from brick-layered townhomes to towering luxury apartments. Combined with abundant amenities, Chatham Arch’s active neighborhood association ensures there is never a dull moment this thrilling cityscape.

Learn more about living in Chatham Arch 
Average Prices by Area

Compare neighborhood and city base rent averages by bedroom.

Chatham Arch Indianapolis, IN
Studio $1,531 $1,004
1 Bedroom $1,572 $1,126
2 Bedrooms $1,886 $1,331
3 Bedrooms $2,852 $1,543

Below are rent ranges for similar nearby apartments

Beds Average Size Lowest Typical Premium
Studio Studio Studio 531-533 Sq Ft $1,206 $1,723 $2,948
1 Bed 1 Bed 1 Bed 740-741 Sq Ft $850 $1,748 $3,055
2 Beds 2 Beds 2 Beds 1142-1144 Sq Ft $846 $2,443 $4,586
3 Beds 3 Beds 3 Beds 1900 Sq Ft $2,381 $4,032 $10,000
4 Beds 4 Beds 4 Beds 4243 Sq Ft $4,000 $9,107 $23,199
Amenities
  • Wi-Fi
  • Controlled Access
  • 24 Hour Access
  • Online Services
  • Elevator
  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Double Vanities
  • Tub/Shower
  • Fireplace
  • Intercom
  • Dishwasher
  • Disposal
  • Granite Countertops
  • Stainless Steel Appliances
  • Island Kitchen
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Tile Floors
  • Vinyl Flooring
  • Vaulted Ceiling
  • Walk-In Closets
  • Balcony
Education
Colleges & Universities Distance
Colleges & Universities Distance
Purdue University
Drive: 3 min 1.5 mi
IU - Indianapolis
Drive: 5 min 1.9 mi
IU - School of Medicine
Drive: 4 min 2.0 mi
Ivy Tech Community College
Drive: 5 min 2.8 mi
500 Park Residences is within 3 minutes or 1.5 miles from Purdue University. It is also near IU - Indianapolis and IU - School of Medicine.
Schools
Theodore Potter School 74
Public Elementary School
Grades K-5
208 Students
Attendance Zone
GreatSchools rating: 4 out of 10
Washington Irving School 14
Public Elementary School
Grades PK-6
451 Students
Attendance Zone
Center for Inquiry School 2
Public Elementary School
Grades K-5
303 Students
Attendance Zone
GreatSchools rating: 7 out of 10
Center for Inquiry School 27
Public Elementary School
Grades PK-5
348 Students
Nearby
GreatSchools rating: 4 out of 10
Arlington Community Middle School
Public Middle School
Grades 6-8
365 Students
Attendance Zone
GreatSchools rating: 2 out of 10
H.L. Harshman Magnet Middle School
Public Middle School
Grades 6-8
509 Students
Attendance Zone
GreatSchools rating: 10 out of 10
Arsenal Technical High School
Public High School
Grades 9-12
2,360 Students
Attendance Zone
GreatSchools rating: 2 out of 10
Grades 9-12
1,269 Students
Attendance Zone
GreatSchools rating: 4 out of 10
Legacy Learning Center
Private Elementary, Middle & High School
Grades PK-12
173 Students
Nearby
Holy Cross Central School
Private Elementary & Middle School
Grades K-8
170 Students
Nearby
The American Academy
Private High School
Grades 9-12
19 Students
Nearby
School data provided by GreatSchools 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 a scale of 1 (below average) 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 family needs as part of the school selection process.

View GreatSchools Rating Methodology

Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation

500 Park Residences is near Indianapolis International, located 14.7 miles or 27 minutes away.

Commuter Rail Distance
Commuter Rail Distance
Indianapolis
Drive: 3 min 1.6 mi
Airports Distance
Airports Distance
Indianapolis International
 Drive: 27 min 14.7 mi

Walkability Near 500 Park Residences

Getting Around
Exceptionally Walkable
Walkability
90 / 100
Some Public Transit
Transit
50 / 100
Fairly Drivable
Drivability
50 / 100
Exceptionally Bikeable
Bikeability
90 / 100

Scores provided by

What do Walkability, Transit, Drivability, and Bikeability mean? Walkability measures the walking distance to day-to-day needs. Transit measures access to public transportation. Drivability measures congestion, parking availability, and access to major roads. Bikeability measures the suitability for cycling. How It Works
Busy
Soundscore™
67 / 100

Traffic

Busy

Airport

Calm

Businesses

Active

Scores provided by

HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It Works
Points of Interest

Time and distance from 500 Park Residences.

Shopping Centers Distance
Shopping Centers Distance
Plaza Hispana
Drive: 3 min 1.2 mi
CityWay
Drive: 3 min 1.4 mi
Circle Centre
Drive: 3 min 1.5 mi
500 Park Residences has 3 shopping centers within 1.5 miles, which is about a 3-minute drive. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
University Park
 Walk: 11 min 0.6 mi
Indiana State Museum
 Drive: 4 min 1.7 mi
JTV Hill Park
 Drive: 4 min 1.9 mi
White River Gardens
 Drive: 7 min 2.7 mi
White River State Park
 Drive: 7 min 2.8 mi
500 Park Residences has 5 parks within 2.8 miles, including University Park, Indiana State Museum, and JTV Hill Park.
Hospitals Distance
Hospitals Distance
Eskenazi Health
Drive: 4 min 1.7 mi
Riley Hospital for Children
Drive: 5 min 2.1 mi
Indiana University Health
Drive: 4 min 2.2 mi
500 Park Residences has 3 hospitals within 2.2 miles, the nearest is Eskenazi Health which is 1.7 miles away and a 4 minute drive.
 
 
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Frequently Asked Questions
Does 500 Park Residences have in-unit laundry?

500 Park Residences has units with in‑unit washers and dryers, making laundry day simple for residents.

What utilities are included in rent at 500 Park Residences?

Utilities are not included in rent. Residents should plan to set up and pay for all services separately.

Is parking available at 500 Park Residences?

Contact this property for parking details.

Is 500 Park Residences pet-friendly?

500 Park Residences does not allow pets, though service animals are always welcome in accordance with applicable laws.

Does 500 Park Residences have move-in specials?

500 Park Residences is not currently offering any rent specials. Check back soon, as promotions change frequently.

Does 500 Park Residences offer Matterport 3D tours?

While 500 Park Residences does not offer Matterport 3D tours, renters can request a tour directly through our online platform.

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