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Updated 1 hour ago

Slate Apartments


501 Virginia Ave Indianapolis, IN

Studio - 2 Bed
•
1 - 2 Bath

596 - 1,271 Sq. Ft.

Available starting Jun. 26th
Floor plans
Studio • 1 Bath
$1,440
596 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 208
$1,440
Available Aug 14th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,740
803 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 503
$1,740
Available Jul 17th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,640
766 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 217
$1,640
Available Aug 7th, 2026
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1 Bed • 1 Bath
$1,640
690 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 411
$1,640
Available Aug 14th, 2026
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View Rented Units
2 Beds • 2 Bath
$2,190
1100 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 316
$2,190
Available Jun 26th, 2026
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View Rented Units
2 Beds • 2 Bath
$2,290
1271 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 301
$2,290
Available Jul 3rd, 2026
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Where you'll live
Street View
Map View
Satellite View
Slate Apartments
Slate Apartments
Slate Apartments
Location ratings
Walk Score®
80
Very Walkable
Transit Score®
61
Good Transit
Bike Score®
95
Biker's Paradise
Amenities
On-site Laundry
Washer / Dryer Connections
Heat Included
Furnished
Fitness Center
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Water Included
Electric Included
Balcony, Deck, Patio
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Meal Plan Available
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Electric Vehicle Charging
Lease & Fees
Application Fee: $50
Security Deposit: $500
Property details
Description

Welcome to Slate Apartments, located on Virginia Ave, where modern living meets convenience and style! Our community offers a variety of spacious and thoughtfully designed studio, one-bedroom, and two-bedroom apartments. Skyline views of Downtown Indianapolis, kitchen islands with waterfall countertops, stainless steel appliances, washer and dryer, and large balconies are some of the apartment amenities offered. Community amenities include a top floor fitness room, green roof terrace with grill, and surface lot parking for guests. Slate is home to Tappers Arcade and Old National Bank. Located right on the Cultural Trail in the venerable Holy Rosary/Fletcher Place neighborhood/Fountain Fletcher District

Additional Details
Total Unit Count: 68
Last Updated: Updated 1 hour ago
Contact Number: (317) 638-2000
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
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
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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 Slate Apartments by bedroom type below.
Studio
Suggested income:
$51,800
per year
1 Bedroom
Suggested income:
$60,200
per year
2 Bedroom
Suggested income:
$80,600
per year
Rent report

Slate Apartments Rent vs. Indianapolis Average

 Slate Apartments      Indianapolis Average
Studio
$1,440
$1,002
$0
$500
$1,000
$1,500
$2,000
1BR
$1,673
$1,116
$0
$550
$1,100
$1,650
$2,200
2BR
$2,240
$1,298
$0
$750
$1,500
$2,250
$3,000

Slate Apartments is asking 44% more than the average studio apartment in Indianapolis.

If you upsized to an average priced Indianapolis 1 bedroom apartment, you would pay 10% more per month.

Slate Apartments provides 23% more square footage than the average Indianapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Slate Apartments
Studio $1,440 $2.40 $4,320
1BR $1,673 $2.20 $5,020
2BR $2,240 $1.90 $6,720
Indianapolis Average
Studio $1,002 $2.10 $3,007
1BR $1,116 $1.60 $3,348
2BR $1,298 $1.30 $3,895
3BR $1,635 $1.20 $4,904
4BR $1,691 $1.00 $5,072

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 1,247 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% 41% 12% 3%
Available Units in Indianapolis
Studio 193
1BR 1,173
2BR 1,247
3BR 370
4BR 79
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 1.87 mi.
Riley Hospital For Children 2.1 mi.
Indiana University Health Transplant 2.24 mi.
Nearby Fire Stations
Name Distance
Heiberger Volunteer Fire Department 0.56 mi.
Heiberger Volunteer Fire Department 0.56 mi.
North East Union Fire District 0.7 mi.
FAQs
Is this property currently leasing units?
Yes. There are 6 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. The soonest move-in date is June 26, 2026.
What's the square footage of the available units?
The available units range from 596 to 1,271 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 2 bedroom units available.
How many bathrooms are in the available units?
There are 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $2,190 to $2,290. Slate Apartments has 2 bedroom units available starting at $2,190.
Where is this property located?
This property is at 501 Virginia Ave in Indianapolis, IN. It's 0.8 miles southeast from the center of Indianapolis.
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