Lofts on Madison
501 Madison Ave,
Indianapolis,
IN
46225
Leasing Office:
7275 Shadeland Ave, Indianapolis, IN 46250
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Monthly Rent
$1,099 - $1,249
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Bedrooms
Studio bd
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Bathrooms
1 ba
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Square Feet
550 - 675 sq ft
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.
Highlights
- Attached Garage
- Loft Layout
- High Ceilings
- Controlled Access
- Island Kitchen
- Elevator
- Views
- Hardwood Floors
- Patio
Pricing & Floor Plans
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Unit 301price $1,149square feet 550availibility Now
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Unit 202price $1,199square feet 675availibility Now
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Unit 301price $1,149square feet 550availibility Now
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Unit 202price $1,199square feet 675availibility Now
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$65
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Due at Application
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Dogs
Max of 3, 25 lbs. Weight LimitRestrictions: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 monthRead More Read Less
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Cats
Max of 3, 25 lbs. Weight LimitRestrictions:
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Garage - Attached
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Resident benefit package$37
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
Lease Options
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12 - 24 Month Leases
Property Information
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Built in 1900
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23 units/3 stories
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 an apartment community located in Marion County and the 46225 ZIP Code. This area is served by the Indianapolis Public Schools attendance zone.
Unique Features
- Restaurant In Basement
Contact
Community Amenities
Laundry Facilities
Elevator
Controlled Access
24 Hour Access
- Laundry Facilities
- Controlled Access
- 24 Hour Access
- Renters Insurance Program
- Online Services
- Elevator
- Lounge
- Vintage Building
- Courtyard
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
Washer/Dryer Hookup
Loft Layout
High Speed Internet Access
Hardwood Floors
Island Kitchen
Indoor Features
- High Speed Internet Access
- Washer/Dryer
- Washer/Dryer Hookup
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Cable Ready
- Tub/Shower
- Sprinkler System
Kitchen Features & Appliances
- Dishwasher
- Disposal
- Granite Countertops
- Stainless Steel Appliances
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Quartz Countertops
Model Details
- Hardwood Floors
- Vinyl Flooring
- High Ceilings
- Basement
- Views
- Skylights
- Loft Layout
- Window Coverings
- Patio
- Laundry Facilities
- Controlled Access
- 24 Hour Access
- Renters Insurance Program
- Online Services
- Elevator
- Lounge
- Vintage Building
- Courtyard
- Restaurant In Basement
- 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
| Monday | 9am - 5pm |
|---|---|
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | 9am - 5pm |
| Saturday | Closed |
| Sunday | Closed |
Downtown Indianapolis is a true marvel of American urban design, and is rightly recognized as one of the stylistic gems of the Midwest. The grand architecture of the various government buildings and museums ranges from neoclassical to ultra-modern, creating a timeless and visually stunning environment. Huge monuments and war memorials punctuate the landscape as well – in fact, Indianapolis has more such public tributes than any city in America apart from Washington, DC.
Downtown features a thriving nightlife scene, mainly along Meridian Street and Massachusetts Avenue and incorporating an immense selection of bars, clubs, and live music venues for every taste. The dining is unbeatable, with world-class restaurants of every description within a short walk from anywhere and the popular Food Truck Fridays delivering more eclectic fare during the summer months.
Learn more about living in Downtown IndianapolisCompare neighborhood and city base rent averages by bedroom.
| Downtown Indianapolis | Indianapolis, IN | |
|---|---|---|
| Studio | $868 | $966 |
| 1 Bedroom | $1,035 | $1,111 |
| 2 Bedrooms | $1,249 | $1,314 |
| 3 Bedrooms | $878 | $1,531 |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 5 min | 2.1 mi | |
| Drive: | 5 min | 2.3 mi | |
| Drive: | 7 min | 3.3 mi | |
| Drive: | 8 min | 4.4 mi |
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.
Lofts on Madison Photos
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Lofts on Madison
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Lofts on Madison has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Parking is available at Lofts on Madison. Contact this property for details.
Yes, Lofts on Madison welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
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 $1,099 for a studio, you would need to earn about $40,000 per year to qualify. Want to double-check your budget? Try our Rent Affordability Calculator to see how much rent fits your income and lifestyle.
Lofts on Madison is offering Specials for eligible applicants, with rental rates starting at $1,099.
While Lofts on Madison does not offer Matterport 3D tours, renters can request a tour directly through our online platform.
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.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources
501 Madison Ave
Indianapolis, IN 46225