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Updated 15 hours ago

Penn Street Tower Apartments


115 N Pennsylvania St Indianapolis, IN

1 - 2 Bed
•
1 Bath

697 - 1,023 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,299
697 ft2
2 Available
Managed By: Orloff Property Management IN LLC
Updated about 15 hours ago

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Unit 1107
$1,299
Available Now
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Unit 807
$1,299
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,299 - $1,424
788 ft2
3 Available
Managed By: Orloff Property Management IN LLC
Updated about 15 hours ago

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Unit 302
$1,299
Available Now
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Unit 1405
$1,299
Available May 10th, 2024
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Unit 1005
$1,424
Available May 10th, 2024
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2 Beds • 1 Bath
$1,599
1023 ft2
2 Available
Managed By: Orloff Property Management IN LLC
Updated about 15 hours ago

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Unit 606
$1,599
Available Now
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Unit 1006
$1,599
Available Now
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View Rented Units
2 Beds • 1 Bath
$1,619 - $1,719
1019 ft2
5 Available
Managed By: Orloff Property Management IN LLC
Updated about 15 hours ago

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Unit 601
$1,619
Available Now
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Unit 1101
$1,619
Available Now
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Unit 701
$1,619
Available Now
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Unit 901
$1,619
Available Now
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Unit 1001
$1,719
Available Jun 10th, 2024
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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
Range / Oven
Microwave
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $200.0
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
Account Type: Other
Total Unit Count: 100
Last Updated: Updated 15 hours ago
Contact Number: (317) 653-1515
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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:
$47,700
per year
2 Bedroom
Suggested income:
$58,600
per year
Rent report

Penn Street Tower Apartments Rent vs. Indianapolis Average

 Penn Street Tower Apartments      Indianapolis Average
1BR
$1,324
$1,037
$0
$450
$900
$1,350
$1,800
2BR
$1,628
$1,417
$0
$550
$1,100
$1,650
$2,200

Penn Street Tower Apartments is asking 28% more than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 27% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 10% less per month.

Penn Street Tower Apartments provides 8% more square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Penn Street Tower Apartments
1BR $1,324 $1.80 $3,972
2BR $1,628 $1.60 $4,883
Indianapolis Average
Studio $943 $2.10 $2,829
1BR $1,037 $1.50 $3,110
2BR $1,417 $1.40 $4,250
3BR $3,563 $2.50 $10,688
4BR $1,705 $0.90 $5,114

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 1,099 2BR units on the market in Indianapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
8% 38% 39% 12% 3%
Available Units in Indianapolis
Studio 226
1BR 1,079
2BR 1,099
3BR 343
4BR 81
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 12 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 12 units available for move-in over the next 2 months. 9 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 697 to 1,023 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 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 $1,299 to $1,719. Penn Street Tower Apartments has 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 115 N Pennsylvania St in Indianapolis, IN. It's 0.1 miles east from the center of Indianapolis.
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