Skip main navigation
  • Building PhotoExplore video
  • Special offer

    Penrose on Mass

    530 Massachusetts Ave, Indianapolis, IN 46204

    • Special offer! $500 OFF First Full Month's Rent on all apartments!
      *Applies to new applications only. Based on a 12-15 month lease. Expires 3/10/25. Cannot be combined with any other specials.
    • Pricing changes daily and varies based on the lease length
    Apartment building
    Studio-2 beds
    Pet-friendly
    Detached garage

    Available units

    Price may not include required fees and charges
    Price may not include required fees and charges.
    $1,341+·Studio, 1 bath
    UnitSqftBase rentAvailable
    505$1,3948/14/2025
    505$1,3419/13/2025
    $1,494+·Studio, 1 bath
    UnitSqftBase rentAvailable
    584$1,494Now
    $1,791+·1 bed, 1 bath
    UnitSqftBase rentAvailable
    840$1,7919/17/2025
    840$1,9829/28/2025
    840$1,79810/24/2025
    $1,841+·1 bed, 1 bath
    UnitSqftBase rentAvailable
    798$1,8418/15/2025
    798$1,84810/11/2025
    798$1,89810/17/2025
    $1,891+·1 bed, 1 bath
    UnitSqftBase rentAvailable
    842$1,8919/12/2025

    What's special

    Swimming pool
    It's not hard to find an apartment in Indianapolis. What's difficult is finding some place you want to call home. At Penrose on Mass Apartments, you'll enjoy the feeling of home with the convenience and comfort of upscale apartment living. From distinct apartments with unique designs and finishes to superb amenities such as our Swimming Pool, Penrose on Mass offers a luxurious living experience unlike any other in Indianapolis. Just listen to our Residents Penrose on Mass isn't just an apartment, it's a community. Situated just off Massachusetts Ave. and New Jersey Ave., living at Penrose on Mass puts you a stones throw from Mass Avenue, tasty eateries like The Rathskeller, and is in the heart of one of the most lively parts of the greater Indianapolis region. Penrose on Mass is operated by the J.C. Hart Company, with more than 40 years experience in creating upscale Indianapolis living spaces. Because we understand that apartment hunting isn't just about floor plans or room dimensions. Finding an apartment is about finding a place you can fall in love with, and a place that you're excited to come home to day after day. So if you're ready to see what life is like here, we'd love to show you your new home at Penrose on Mass.

    Office hours

    DayOpen hours
    Mon - Fri:11 am - 6 pm
    Sat:By appointment only
    Sun:Closed

    Facts, features & policies

    Policies

    Lease terms
    • 3-15 months
    Pets
    Dogs
    • Allowed
    • 2 pet max
    • 30 lbs. weight limit
    • $300 one time fee
    • $300 fee
    • $30 monthly pet fee
    Cats
    • Allowed
    • 2 pet max
    • 30 lbs. weight limit
    • $300 one time fee
    • $300 fee
    • $30 monthly pet fee
    Parking
    • Detached Garage: Reserved Garage Parking

    Neighborhood: Downtown

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Travel times

    Walk, Transit & Bike Scores

    97 / 100
    Walker's Paradise
    61 / 100
    Good Transit
    96 / 100
    Biker's Paradise

    Nearby schools in Indianapolis

    GreatSchools rating

    Market Trends

    Rental market summary

    The average rent for all beds and all property types in Indianapolis, IN is $1,503.

    Average rent

    $1,503

    Month-over-month

    -$47

    Year-over-year

    +$3

    Available rentals

    2,363

    Indianapolis, IN Rental Market Data

    Frequently asked questions

    What is the walk score of Penrose on Mass?

    Penrose on Mass has a walk score of 97, it's a walker's paradise.

    What is the transit score of Penrose on Mass?

    Penrose on Mass has a transit score of 61, it has good transit.

    What schools are assigned to Penrose on Mass?

    The schools assigned to Penrose on Mass include Center for Inquiry School 2, Arsenal Technical High School, and Crispus Attucks Medical Magnet High School (9-12).

    What neighborhood is Penrose on Mass in?

    Penrose on Mass is in the Downtown neighborhood in Indianapolis, IN.

    What are Penrose on Mass's policies on pets?

    Dogs are allowed, with a maximum weight restriction of 30lbs. A maximum of 2 dogs are allowed per unit. This building has a pet fee ranging from $300 to $300 for dogs. This building has a one time fee of $300 and monthly fee of $30 for dogs. Cats are allowed, with a maximum weight restriction of 30lbs. A maximum of 2 cats are allowed per unit. This building has a pet fee ranging from $300 to $300 for cats. This building has a one time fee of $300 and monthly fee of $30 for cats.

    There are 7+ floor plans availableWith 63% more variety than properties in the area, you're sure to find a place that fits your lifestyle.
    Building Photo
    Video