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Updated 7 minutes ago

Slate Apartments


501 Virginia Ave Indianapolis, IN

Studio - 2 Bed
•
1 - 2 Bath

596 - 1,271 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,390
596 ft2
2 Available
Managed By: Deylen Realty, Inc.
Unit 412
$1,390
Available Now
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Unit 408
$1,390
Available Apr 17th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,590 - $1,690
690 ft2
2 Available
Managed By: Deylen Realty, Inc.
Unit 511
$1,690
Available Now
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Unit 211
$1,590
Available Jul 3rd, 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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2 Beds • 2 Bath
$2,190
1100 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 516
$2,190
Available Now
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View Rented Units
2 Beds • 2 Bath
$2,290
1271 ft2
2 Available
Managed By: Deylen Realty, Inc.
Unit 401
$2,290
Available May 29th, 2026
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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 7 minutes 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:
$50,000
per year
1 Bedroom
Suggested income:
$60,200
per year
2 Bedroom
Suggested income:
$81,200
per year
Rent report

Slate Apartments Rent vs. Indianapolis Average

 Slate Apartments      Indianapolis Average
Studio
$1,390
$1,035
$0
$500
$1,000
$1,500
$2,000
1BR
$1,673
$1,135
$0
$550
$1,100
$1,650
$2,200
2BR
$2,257
$1,368
$0
$750
$1,500
$2,250
$3,000

Slate Apartments is asking 34% more than the average studio apartment in Indianapolis.

If you upsized to an average priced Indianapolis 1 bedroom apartment, you would pay 9% more per month.

Slate Apartments provides 17% more square footage than the average Indianapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Slate Apartments
Studio $1,390 $2.30 $4,170
1BR $1,673 $2.30 $5,020
2BR $2,257 $1.90 $6,770
Indianapolis Average
Studio $1,035 $2.00 $3,104
1BR $1,135 $1.60 $3,406
2BR $1,368 $1.40 $4,103
3BR $1,626 $1.20 $4,879
4BR $1,672 $1.00 $5,015

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 1,391 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% 39% 40% 12% 3%
Available Units in Indianapolis
Studio 213
1BR 1,331
2BR 1,391
3BR 404
4BR 93
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 8 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. 3 units are vacant and ready for immediate occupancy.
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 studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,390 to $2,290. Slate Apartments has studio units available starting at $1,390, 1 bedroom units available starting at $1,690, and 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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