Residence on Penn
2801 S Pennsylvania St,
Indianapolis, IN 46225
$1,199 - $1,599 | Studio - 2 Beds
Nestled at the southern end of Marion County, Perry Township has become synonymous with suburban bliss thanks to its rich trove of tight-knit communities, public parks, and beautiful bungalows that line the peaceful residential streets. The northernmost region of Perry encompasses the southern edge of downtown Indianapolis and Beech Grove while housing the prestigious University of Indianapolis.
Families and renters of all types come here to enjoy easy access to the heart of Downtown Indianapolis, which lies just four miles to the north, while a thriving student population occupies the apartment complexes surrounding UIndy. Homes here are packed a little closer together than those in South Perry, but residents enjoy more diverse shopping options and affordable housing.
As of August 2025, the average apartment rent in North Perry is $724 for a studio, $867 for one bedroom, $1,051 for two bedrooms, and $1,334 for three bedrooms. Apartment rent in North Perry has increased by 1.4% in the past year.
Studio
382 sq ft
Average Sq Ft
$724/month
Average Rent
1 BR
618 sq ft
Average Sq Ft
$867/month
Average Rent
2 BR
816 sq ft
Average Sq Ft
$1,051/month
Average Rent
3 BR
1,221 sq ft
Average Sq Ft
$1,334/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.