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Updated 13 minutes ago

Slate Apartments


501 Virginia Ave Indianapolis, IN

1 - 2 Bed
•
1 - 2 Bath

690 - 1,271 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,340 - $1,890
596 ft2
0 Available
Managed By: Deylen Realty, Inc.
501 Virginia Avenue 310
$1,890
Rented
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Unit 206
$1,340
Rented
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Unit 406
$1,430
Rented
View
Unit 308
$1,340
Rented
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Unit 512
$1,430
Rented
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Unit 506
$1,390
Rented
View
Unit 508
$1,430
Rented
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Unit 412
$1,390
Rented
View
Unit 306
$1,340
Rented
View
Unit 212
$1,390
Rented
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1 Bed • 1 Bath
$1,590 - $1,690
690 ft2
3 Available
Managed By: Deylen Realty, Inc.
Unit 211
$1,590
Available Now
View
Unit 411
$1,640
Available Aug 14th, 2026
View
Unit 515
$1,690
Available Aug 21st, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,690
803 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 302
$1,690
Available Sep 18th, 2026
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View Rented Units
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2 Beds • 2 Bath
$2,240
1271 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 201
$2,240
Available Sep 11th, 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 13 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.
1 Bedroom
Suggested income:
$59,500
per year
2 Bedroom
Suggested income:
$80,600
per year
Rent report

Slate Apartments Rent vs. Indianapolis Average

 Slate Apartments      Indianapolis Average
1BR
$1,653
$1,090
$0
$550
$1,100
$1,650
$2,200
2BR
$2,240
$1,294
$0
$750
$1,500
$2,250
$3,000

Slate Apartments is asking 52% more than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 16% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 13% less per month.

Slate Apartments provides 4% more square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Slate Apartments
1BR $1,653 $2.30 $4,958
2BR $2,240 $1.80 $6,720
Indianapolis Average
Studio $964 $2.00 $2,892
1BR $1,090 $1.60 $3,269
2BR $1,294 $1.30 $3,883
3BR $1,660 $1.20 $4,979
4BR $1,850 $1.00 $5,549

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 1,292 2BR units on the market in Indianapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
5% 37% 43% 13% 2%
Available Units in Indianapolis
Studio 164
1BR 1,133
2BR 1,292
3BR 380
4BR 57
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 5 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 690 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 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 $1,590 to $1,690. Slate Apartments has 1 bedroom units available starting at $1,590.
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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