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Updated 1 hour ago

Residence On Penn

VERIFIED

2801 S Pennsylvania St Indianapolis, IN

Studio - 2 Bed
•
1 Bath

497 - 750 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,199
497 ft2
1 Available
Managed By: William Management
A203
$1,199
Available Now
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1 Bed • 1 Bath
$1,299
650 ft2
1 Available
Managed By: William Management
A102
$1,299
Available Now
View
View Rented Units
1 Bed • 1 Bath
$1,499
750 ft2
1 Available
Managed By: William Management
A104
$1,499
Available Now
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1 Bed • 1 Bath
$1,299
700 ft2
1 Available
Managed By: William Management
A103
$1,299
Available Apr 1st, 2026
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View Rented Units
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2 Beds • 1 Bath
$1,599
735 ft2
1 Available
Managed By: William Management
A101
$1,599
Available Now
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Where you'll live
Street View
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Residence On Penn
Residence On Penn
Residence On Penn
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $0
Property details
Description

** Special offer available - 2 MONTHS FREE **
Brand New Modern Apartments!
Move into a brand new, never-lived-in apartment featuring high ceilings, in-unit washer & dryer, and all appliances included. Enjoy the convenience of a lighted parking lot and a secured building with security cameras and a ButterflyMX entry system for added safety.
Pet-friendly! We welcome pets with a one-time non-refundable fee and a monthly pet fee.
All applicants 18+ must pass a credit and background check — no exceptions.
Secure your spot in this modern, comfortable space today!

Additional Details
Total Unit Count: 17
Last Updated: Updated 1 hour ago
Contact Number: (463) 231-3671 ext: 5
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
ViaSat, Inc. 100.0 3.0
On-Ramp Indiana, Inc. 50.0 10.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 12.0 0.512
AT&T Inc. 6.0 0.512
Data from June 2020 provided by the FCC
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Photos Floor Plans
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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 Residence On Penn by bedroom type below.
Studio
Suggested income:
$43,200
per year
1 Bedroom
Suggested income:
$49,100
per year
2 Bedroom
Suggested income:
$57,600
per year
Rent report

Residence On Penn Rent vs. Indianapolis Average

 Residence On Penn      Indianapolis Average
Studio
$1,199
$1,047
$0
$400
$800
$1,200
$1,600
1BR
$1,366
$1,136
$0
$450
$900
$1,350
$1,800
2BR
$1,599
$1,394
$0
$550
$1,100
$1,650
$2,200

Residence On Penn is asking 14% more than the average studio apartment in Indianapolis.

If you upsized to an average priced Indianapolis 1 bedroom apartment, you would pay 8% more per month.

Residence On Penn provides 2% less square footage than the average Indianapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Residence On Penn
Studio $1,199 $2.40 $3,597
1BR $1,366 $2.00 $4,097
2BR $1,599 $2.20 $4,797
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

University of Indianapolis

American College Of Education

Indiana University - Purdue University Indianapolis

Ivy Tech Community College-Central Indiana

Butler University

Nearby Hospitals
Name Distance
Iu Health University Hospital 3.61 mi.
Riley Hospital For Children 3.79 mi.
Eskenazi Health 3.91 mi.
Nearby Fire Stations
Name Distance
North Union Fire District 2.6 mi.
North East Union Fire District 2.6 mi.
Heiberger Volunteer Fire Department 2.86 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 4 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 497 to 750 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 studio, 1 and 2 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 $1,199 to $1,599. Residence On Penn has studio units available starting at $1,199, 1 bedroom units available starting at $1,299, and 2 bedroom units available starting at $1,599.
Where is this property located?
This property is at 2801 S Pennsylvania St in Indianapolis, IN. It's 3.0 miles south from the center of Indianapolis.
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