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  • Primary Photo - Indy Downtown Colonial Apartments
  • 2BR, 1BA - 1100 SF - Indy Downtown Colonial Apartments
    Building Photo - Indy Downtown Colonial Apartments
  • Building Photo - Indy Downtown Colonial Apartments
    1BR, 1BA - 620 SF - Indy Downtown Colonial Apartments
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Language: English

Open 9am - 3pm Today

View All Hours Office Hours Monday - Friday, 9am - 6pm Saturday, 9am - 3pm Sunday, 9am - 6pm

Indy Downtown Colonial Apartments media gallery Unit
call 463-230-6043
Floor Plan View Body
Indiana Marion County Indianapolis Circle City

Indy Downtown Colonial Apartments

402-406 N Delaware St, Indianapolis, IN 46204

(0 reviews)

Property Rating

4.0
Great
Out of 5

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How Is This Rating Determined?

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463-230-6043
  • Monthly Rent

    $980 - $1,330

  • Bedrooms

    1 bd

  • Bathrooms

    1 ba

  • Square Feet

    500 - 980 sq ft

This property has income limits. Make sure you qualify.

Indy Downtown Colonial Apartments
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Live in the absolute center of the action in this premier downtown residence. Located at 126 E Vermont Street, this property offers a sophisticated urban retreat nestled between the historic American Legion Mall and the bustling excitement of the central business district. Whether you are looking for a sleek, modern condo or a luxury apartment experience, this address delivers high-end finishes and unparalleled access to the best of Indianapolis. Inside, these units typically boast open-concept living spaces, soaring ceilings, and premium kitchens featuring granite or quartz countertops and stainless steel appliances. Floor-to-ceiling windows or large glass doors often open up to private balconies, providing a front-row seat to the city's sparkling skyline and the lush greenery of the nearby memorial parks. The Ultimate Walkable Location This address boasts a "Walker's Paradise" score, putting you mere steps away from: Massachusetts Avenue (Mass Ave): Indianapolis’ premier cultural district for independent boutiques, art galleries, and top-tier dining. Monument Circle: The iconic heart of the city, just a 5-minute walk from your front door. Green Space: Direct access to the Indiana World War Memorial Plaza, offering acres of beautifully manicured park space for jogging or relaxing. The Cultural Trail: Seamlessly connect to the city’s world-class urban bike and pedestrian path. Key Property Details Type: Luxury Condo / High-Rise Apartment Layout: [Insert Number] Bedrooms / [Insert Number] Bathrooms Finishes: Modern flooring, designer lighting, and walk-in closets. Building Amenities: May include controlled-access parking, fitness centers, and secure building entry. Views: Breathtaking vistas of the Downtown skyline and the War Memorial.

Read More

Highlights

  • Walker's Paradise
  • Bike-Friendly Area
  • Bay Window
  • Yard
  • High Ceilings
  • Controlled Access
  • Picnic Area
  • Views
  • Patio

Pricing & Floor Plans

311 $1,025 – $1,300 Available Soon
1 Bed 1 Bath 520 – 980 Sq Ft $525 Deposit
108 $1,075 Available Soon
1 Bed 1 Bath 528 Sq Ft
112 $1,075 Available Soon
1 Bed 1 Bath 520 Sq Ft
206 $1,300 Available Soon
1 Bed 1 Bath 980 Sq Ft $500 Deposit
1 Bedroom 1 Bath - 39887 $980 – $1,030 Not Available
1 Bed 1 Bath 500 – 560 Sq Ft
1 Bedroom 1 Bath - 39888 $1,005 – $1,055 Not Available
1 Bed 1 Bath 500 – 560 Sq Ft
1 Bedroom 1 Bath - 37140 $1,280 – $1,330 Not Available
1 Bed 1 Bath 600 – 660 Sq Ft
311 $1,025 – $1,300 Available Soon
1 Bed 1 Bath 520 – 980 Sq Ft $525 Deposit
108 $1,075 Available Soon
1 Bed 1 Bath 528 Sq Ft
112 $1,075 Available Soon
1 Bed 1 Bath 520 Sq Ft
206 $1,300 Available Soon
1 Bed 1 Bath 980 Sq Ft $500 Deposit
1 Bedroom 1 Bath - 39887 $980 – $1,030 Not Available
1 Bed 1 Bath 500 – 560 Sq Ft
1 Bedroom 1 Bath - 39888 $1,005 – $1,055 Not Available
1 Bed 1 Bath 500 – 560 Sq Ft
1 Bedroom 1 Bath - 37140 $1,280 – $1,330 Not Available
1 Bed 1 Bath 600 – 660 Sq Ft
* 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.
* Square footage definitions vary. Displayed square footage is approximate.

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.

  • One-Time Basics
    • Due at Application
      • Application Fee Per Applicant
        Charged per applicant.
        $60
    • Due at Move-In
      • Administrative Fee
        Charged per unit.
        $0
  • Dogs
    • Pet Deposit
      Charged per pet.
      $250
    • Monthly Pet Fee
      Charged per pet.
      $20 / mo
    40 lbs. Weight Limit, Pet interview, Spayed/Neutered
    Restrictions:
    Breed restrictions
    Read More Read Less
    Comments
    $250 deposit is refundable
    Read More Read Less
  • Cats
    • One-Time Pet Fee
      Charged per pet.
      $0
    • Pet Deposit
      Charged per pet.
      $250
    • Monthly Pet Fee
      Charged per pet.
      $20 / mo
    Declawed
    Comments
    $250 deposit is refundable
    Read More Read Less
  • Street Parking
    • Parking Deposit
      Charged per vehicle.
      $0
    • Parking Fee
      Charged per vehicle.
      $0
  • Additional Parking Options
    • Other
      Christian Place 9th & Alabama
  • Security Deposit - Non-Refundable
    Charged per unit.
    $0
  • Late Fee
    Charged per unit.
    $0

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.

Details

Utilities Included

  • Trash Removal

Lease Options

  • 12 months

Property Information

  • Built in 1900
  • 39 units/3 stories

About Indy Downtown Colonial Apartments

Live in the absolute center of the action in this premier downtown residence. Located at 126 E Vermont Street, this property offers a sophisticated urban retreat nestled between the historic American Legion Mall and the bustling excitement of the central business district. Whether you are looking for a sleek, modern condo or a luxury apartment experience, this address delivers high-end finishes and unparalleled access to the best of Indianapolis. Inside, these units typically boast open-concept living spaces, soaring ceilings, and premium kitchens featuring granite or quartz countertops and stainless steel appliances. Floor-to-ceiling windows or large glass doors often open up to private balconies, providing a front-row seat to the city's sparkling skyline and the lush greenery of the nearby memorial parks. The Ultimate Walkable Location This address boasts a "Walker's Paradise" score, putting you mere steps away from: Massachusetts Avenue (Mass Ave): Indianapolis’ premier cultural district for independent boutiques, art galleries, and top-tier dining. Monument Circle: The iconic heart of the city, just a 5-minute walk from your front door. Green Space: Direct access to the Indiana World War Memorial Plaza, offering acres of beautifully manicured park space for jogging or relaxing. The Cultural Trail: Seamlessly connect to the city’s world-class urban bike and pedestrian path. Key Property Details Type: Luxury Condo / High-Rise Apartment Layout: [Insert Number] Bedrooms / [Insert Number] Bathrooms Finishes: Modern flooring, designer lighting, and walk-in closets. Building Amenities: May include controlled-access parking, fitness centers, and secure building entry. Views: Breathtaking vistas of the Downtown skyline and the War Memorial.

Indy Downtown Colonial Apartments is an apartment community located in Marion County and the 46204 ZIP Code. This area is served by the Indianapolis Public Schools attendance zone.

Unique Features

  • Coded Entry
  • Gym
  • Bike Parking
  • Fenced Area
  • Urban Chic Apartments
  • Full Gym
  • Modern Baths
  • Dog Stations
  • Historic Character
  • Laundry Onsite
  • Laundry On-site
  • Close To Mass Ave
  • Community Laundry
  • Security Cameras
  • Security Camera's
  • Back Patio
  • Bike Storage
  • Community Courtyard
  • Court Yard
  • Courtyard
  • Stainless Steel Appliances

Contact

Language: English
Open 9am - 3pm Today
  • Monday - Friday, 9am - 6pm
  • Saturday, 9am - 3pm
  • Sunday, 9am - 6pm

Community Amenities

Fitness Center

Controlled Access

Key Fob Entry

24 Hour Access

  • Controlled Access
  • Video Patrol
  • 24 Hour Access
  • Renters Insurance Program
  • Key Fob Entry
  • Walk-Up
  • Fitness Center
  • Bicycle Storage
  • Picnic Area

Apartment Features

Air Conditioning

Dishwasher

High Speed Internet Access

Granite Countertops

Yard

Microwave

Refrigerator

Wi-Fi

Indoor Features

  • High Speed Internet Access
  • Wi-Fi
  • Air Conditioning
  • Heating
  • Smoke Free
  • Cable Ready
  • Security System
  • Storage Space
  • Tub/Shower
  • Handrails
  • Intercom

Kitchen Features & Appliances

  • Dishwasher
  • Disposal
  • Ice Maker
  • Granite Countertops
  • Stainless Steel Appliances
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Warming Drawer
  • Quartz Countertops

Model Details

  • Tile Floors
  • Vinyl Flooring
  • Dining Room
  • High Ceilings
  • Basement
  • Recreation Room
  • Crown Molding
  • Vaulted Ceiling
  • Bay Window
  • Views
  • Skylights
  • Linen Closet
  • Large Bedrooms
  • Patio
  • Yard
  • Lawn

Income Restrictions

Income restrictions apply to some or all residents. Contact the community for more information.

How To Qualify

Based on the size of your household, your Maximum Annual Income must be equal to or less than the amount listed in this chart.
# Persons Annual Income
1 $2,700
Location Get Directions
Schools Restaurants Groceries Coffee Banks Shops Fitness
City - Indianapolis

Indianapolis is the thriving capital city of the state of Indiana — as well as the most populated. Nicknamed the Crossroads of America, Indianapolis is the well-known center for several major interstates that connect locals to the rest of the country. This commuter-friendly city is also home to the Indianapolis International Airport, a modern hub for national and international travelers. With an abundance of affordable apartments for rent, the city of Indianapolis has more than enough to offer both its residents and visitors alike.

Residents can enjoy a performance from the Indianapolis Symphony Orchestra at Hilbert Circle Theatre, cheer on the Indianapolis Colts at Lucas Oil Stadium, and peruse the stores in Circle Centre Mall. Locals enjoy admiring the wildlife at the Indianapolis Zoo, exploring the exhibitions at the Indianapolis Museum of Art, and hiking the trails at Eagle Creek Park.

Learn more about living in Indianapolis 
Average Prices by Area

Compare neighborhood and city base rent averages by bedroom.

Circle City Indianapolis, IN
Studio $1,218 $964
1 Bedroom $1,467 $1,114
2 Bedrooms $1,910 $1,317
3 Bedrooms $2,753 $1,525
Amenities
  • Controlled Access
  • Video Patrol
  • 24 Hour Access
  • Renters Insurance Program
  • Key Fob Entry
  • Walk-Up
  • Picnic Area
  • Fitness Center
  • Bicycle Storage
  • Coded Entry
  • Gym
  • Bike Parking
  • Fenced Area
  • Urban Chic Apartments
  • Full Gym
  • Modern Baths
  • Dog Stations
  • Historic Character
  • Laundry Onsite
  • Laundry On-site
  • Close To Mass Ave
  • Community Laundry
  • Security Cameras
  • Security Camera's
  • Back Patio
  • Bike Storage
  • Community Courtyard
  • Court Yard
  • Courtyard
  • Stainless Steel Appliances
  • High Speed Internet Access
  • Wi-Fi
  • Air Conditioning
  • Heating
  • Smoke Free
  • Cable Ready
  • Security System
  • Storage Space
  • Tub/Shower
  • Handrails
  • Intercom
  • Dishwasher
  • Disposal
  • Ice Maker
  • Granite Countertops
  • Stainless Steel Appliances
  • Eat-in Kitchen
  • Kitchen
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Freezer
  • Warming Drawer
  • Quartz Countertops
  • Tile Floors
  • Vinyl Flooring
  • Dining Room
  • High Ceilings
  • Basement
  • Recreation Room
  • Crown Molding
  • Vaulted Ceiling
  • Bay Window
  • Views
  • Skylights
  • Linen Closet
  • Large Bedrooms
  • Patio
  • Yard
  • Lawn
Expenses
Recurring
Cat Rent $20
Dog Rent $20
One-Time
Cat Fee $0
Cat Deposit $250
Dog Deposit $250
Utilities Included
Trash Removal Included
Office Hours
Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 3pm
Sunday 9am - 6pm
463-230-6043
Education
Colleges & Universities Distance
Colleges & Universities Distance
IU - School of Medicine
Drive: 4 min 1.6 mi
IU - Indianapolis
Drive: 5 min 1.6 mi
Ivy Tech Community College
Drive: 6 min 2.7 mi
Marian Univ., Indianapolis
Drive: 11 min 5.0 mi
Indy Downtown Colonial Apartments is within 5 minutes or 1.6 miles from IU - Indianapolis. It is also near IU - School of Medicine and Ivy Tech Community College.
Schools
  • Public Schools
  • Private Schools
Center for Inquiry School 27
Public Elementary & Middle School
Grades PK-8
525 Students
Nearby
Center for Inquiry School 2
Public Elementary & Middle School
Grades K-8
444 Students
Attendance Zone
Francis W Parker School 56
Public Elementary & Middle School
Grades PK-8
274 Students
Attendance Zone
Indiana Achievement Academy
Charter High School
Grades 9-12
84 Students
Nearby
Crispus Attucks Medical Magnet High School (9-12)
Public High School
Grades 9-12
1,188 Students
Attendance Zone
Arsenal Technical High School
Public High School
Grades 9-12
2,366 Students
Attendance Zone
Holy Cross Central School
Private Elementary & Middle School
Grades K-8
187 Students
Nearby
K12 International Academy
Private Elementary, Middle & High School
Grades K-12
Nearby
School data provided by 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

Indy Downtown Colonial Apartments is near Indianapolis International, located 14.2 miles or 26 minutes away.

Commuter Rail Distance
Commuter Rail Distance
Indianapolis
Drive: 3 min 1.1 mi
Airports Distance
Airports Distance
Indianapolis International
Drive: 26 min 14.2 mi
Walker's Paradise
98
Walk Score®
Out of 100
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
65
Transit Score®
Out of 100
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
98
Bike Score®
Out of 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
-
-
Soundscore™
Out of 100

Traffic:

-

Airport:

-

Businesses:

-

Score provided by

Scores provided by  and

Score provided by

Points of Interest

Time and distance from Indy Downtown Colonial Apartments.

Shopping Centers Distance
Shopping Centers Distance
CityWay
Walk: 13 min 0.7 mi
Circle Centre
Walk: 15 min 0.8 mi
West Side Shoppes
Drive: 3 min 1.3 mi
Indy Downtown Colonial Apartments has 3 shopping centers within 1.3 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: 3 min 0.2 mi
Indiana State Museum
Drive: 3 min 1.2 mi
White River Gardens
Drive: 6 min 2.2 mi
Indianapolis Zoo
Drive: 6 min 2.3 mi
White River State Park
Drive: 7 min 2.3 mi
Indy Downtown Colonial Apartments has 5 parks within 2.3 miles, including University Park, Indiana State Museum, and White River State Park.
Hospitals Distance
Hospitals Distance
Eskenazi Health
Drive: 3 min 1.4 mi
Riley Hospital for Children
Drive: 4 min 1.8 mi
Indiana University Health
Drive: 4 min 1.9 mi
Indy Downtown Colonial Apartments has 3 hospitals within 1.9 miles, the nearest is Eskenazi Health which is 1.4 miles away and a 3 minute drive.
 
 

Property Ratings at Indy Downtown Colonial Apartments

How Is This Rating Determined? How Is This Rating Determined? Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this 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.
4.0
Great
Out of 5

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Indy Downtown Colonial Apartments Photos

  • Indy Downtown Colonial Apartments

  • 2BR, 1BA - 1100 SF

  • 1BR, 1BA - 620 SF

  • 1BR, 1BA - 620 SF

  • 1BR, 1BA - 620 SF

  • 1BR, 1BA - 620 SF

Nearby Apartments

Within 50 Miles of Indy Downtown Colonial Apartments

  • Indy Christian Place Apartments LLC

    824 N Alabama St

    Indianapolis, IN 46204

    $1,000 - $1,025

    1 Br 0.4 mi

  • The Parkview

    1 West 28th St

    Indianapolis, IN 46208

    $1,100 - $1,200

    1-2 Br 2.3 mi

Frequently Asked Questions
Does this property have in-unit laundry?

This property does not offer in-unit laundry or shared facilities. Please contact the property to learn about nearby laundry options.

What utilities are included in rent at this property?

This property includes trash removal in rent. Residents are responsible for any other utilities not listed.

Is parking available at this property?

Parking is available at this property. Fees may apply depending on the type of parking offered. Contact this property for details.

Which floor plans are available, and what are the price ranges?

This property has one-bedroom available with rent ranges from $980/mo. to $1,330/mo.

Is this property pet-friendly?

Yes, this property welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.

How much income do I need to rent at this property?

A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $980 for a one-bedroom, you would need to earn about $39,200 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.

Does this property have move-in specials?

This property is not currently offering any rent specials. Check back soon, as promotions change frequently.

Does this property offer Matterport 3D tours?

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

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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.

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What is a Sound Score Rating?

A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources

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402-406 N Delaware St

Indianapolis, IN 46204

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