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Updated 1 hour ago

Penn Street Tower Apartments


115 N Pennsylvania St Indianapolis, IN

1 Bed
•
1 Bath

697 - 788 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,249 - $2,401
788 ft2
4 Available
Managed By: Orloff Property Management IN LLC
Unit 203
$1,249+
Available Now
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Unit 502
$1,315+
Available Now
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Unit 1005
$1,399+
Available Now
View
Unit 1204
$1,384+
Available Dec 10th, 2025
View
View Rented Units
1 Bed • 1 Bath
$1,399 - $2,411
697 ft2
1 Available
Managed By: Orloff Property Management IN LLC
Unit 1307
$1,399+
Available Now
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View Rented Units
View More
2 Beds • 1 Bath
$1,399 - $2,466
1023 ft2
0 Available
Managed By: Orloff Property Management IN LLC
Unit 606
$1,399
Rented
View
115 N Pennsylvania Street -606
$1,599
Rented
View
115 N Pennsylvania Street -1006
$1,599
Rented
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115 N Pennsylvania Street -1406
$1,699
Rented
View
Unit 706
$1,599
Rented
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Unit 1406
$1,399
Rented
View
Unit 1006
$1,578+
Rented
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Unit 1506
$1,563+
Rented
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2 Beds • 1 Bath
$1,399 - $1,719
1019 ft2
0 Available
Managed By: Orloff Property Management IN LLC
Unit 601
$1,499
Rented
View
115 N Pennsylvania Street -1301
$1,619
Rented
View
115 N Pennsylvania Street -601
$1,619
Rented
View
115 N Pennsylvania Street -701
$1,619
Rented
View
115 N Pennsylvania Street -901
$1,619
Rented
View
115 N Pennsylvania Street -1101
$1,619
Rented
View
Unit 1501
$1,719
Rented
View
Unit 901
$1,399
Rented
View
Unit 1101
$1,399
Rented
View
Unit 1001
$1,399
Rented
View
2 Beds • 1 Bath
$2,680
1019 ft2
0 Available
Managed By: Frontdesk
115-Penn-601
$2,680
Rented
View
115-Penn-606
$2,680
Rented
View
Where you'll live
Street View
Map View
Satellite View
Penn Street Tower Apartments
Penn Street Tower Apartments
Penn Street Tower Apartments
Location ratings
Walk Score®
99
Walker's Paradise
Transit Score®
66
Good Transit
Bike Score®
98
Biker's Paradise
Amenities
On-site Laundry
Fitness Center
Storage
Refrigerator
Garbage Disposal
Trash Removal Included
Controlled Access
Microwave
Range / Oven
Ceiling Fans
Elevator
Bike Storage
Lounge
Stainless Appliances
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $200
Property details
Description

Standing a block away from Indy's Monument Circle for over a century, Penn Street Tower offers an unbeatable location. Originally built as the "Lemcke Annex", the 15-story tower has housed many occupants over the years, but today features 98 high-end 1 & 2 bedroom apartments. 

Additional Details
Total Unit Count: 98
Last Updated: Updated 1 hour ago
Contact Number: (317) 653-1515
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Penn Street Tower Apartments by bedroom type below.
1 Bedroom
Suggested income:
$48,600
per year
Rent report

If you upsized to an average priced Indianapolis 3 bedroom apartment, you would pay 13% more per month.

If you downsized to an average priced Indianapolis 1 bedroom apartment, you would pay 23% less per month.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Indianapolis Average
Studio $1,047 $2.10 $3,142
1BR $1,136 $1.60 $3,409
2BR $1,394 $1.40 $4,181
3BR $1,608 $1.10 $4,823
4BR $1,646 $1.00 $4,938

Availability in Indianapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,336 2BR units on the market in Indianapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
6% 38% 40% 13% 3%
Available Units in Indianapolis
Studio 205
1BR 1,286
2BR 1,336
3BR 428
4BR 98
Location
Nearby Colleges

American College Of Education

Indiana University - Purdue University Indianapolis

Ivy Tech Community College-Central Indiana

University of Indianapolis

Butler University

Nearby Hospitals
Name Distance
Iu Health University Hospital 1.18 mi.
Riley Hospital For Children 1.41 mi.
Indiana University Health Transplant 1.49 mi.
Nearby Fire Stations
Name Distance
Heiberger Volunteer Fire Department 0.23 mi.
Heiberger Volunteer Fire Department 0.23 mi.
North Perry Volunteer Fire Department 0.29 mi.
FAQs
Is this property currently leasing units?
Yes. There are 5 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. 4 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 697 to 788 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,249 to $2,411. Penn Street Tower Apartments has 1 bedroom units available starting at $1,249.
Where is this property located?
This property is at 115 N Pennsylvania St in Indianapolis, IN. It's 0.1 miles east from the center of Indianapolis.
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