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.
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.
Unit , sortable column | Sqft, sortable column | Available, sortable column | Base rent, sorted ascending |
|---|---|---|---|
 | 505 | Nov 18 | $1,205 |
| 505 | Now | $1,243 |
| 505 | Now | $1,243 |
| 505 | Nov 8 | $1,255 |
| 505 | Oct 26 | $1,259 |
| 505 | Oct 28 | $1,259 |
| 505 | Now | $1,295 |
 | 584 | Oct 24 | $1,359 |
| 584 | Oct 21 | $1,359 |
 | 879 | Dec 12 | $1,628 |
 | 842 | Now | $1,694 |
 | 840 | Nov 14 | $1,755 |
 | 798 | Nov 1 | $1,755 |
| 798 | Nov 11 | $1,755 |
| 798 | Now | $1,774 |
What's special
Swimming pool
Office hours
| Day | Open hours |
|---|---|
| Mon - Fri: | 11 am - 6 pm |
| Sat: | By appointment only |
| Sun: | Closed |
Facts, features & policies
Policies
Parking
- Detached Garage: Reserved Garage Parking
Lease terms
- 3-15 months
Pet essentials
- DogsAllowedNumber allowed2Weight limit (lbs.)30Monthly dog rent$30One-time dog fee$300
- CatsAllowedNumber allowed2Weight limit (lbs.)30Monthly cat rent$30One-time cat fee$300
Neighborhood: Downtown
- Urban EnergyFast-paced city living with endless options for dining, shopping, and culture.Historic AreaRich history reflected in architecture, landmarks, and charming old-town character.Arts SceneGalleries, murals, and cultural venues showcase creativity and artistic talent.Dining SceneFrom casual bites to fine dining, a haven for food lovers.
Centered on Indianapolis’ Mile Square, 46204 blends urban energy with history around Monument Circle, the Indiana War Memorial Plaza, and the Canal Walk. Expect four true seasons—warm, humid summers and crisp winters—and a walkable lifestyle along the Indianapolis Cultural Trail. Everyday errands are easy with Whole Foods Market and Needler’s Fresh Market downtown, plus cafés along Mass Ave, classic steakhouses like St. Elmo and Harry & Izzy’s, and venues such as Gainbridge Fieldhouse and the Hilbert Circle Theatre. Green escapes include White River State Park, University Park, and the Canal for jogs and dog walks; boutique gyms and yoga studios dot the core, and shopping clusters around Circle Centre and nearby districts. According to Zillow’s recent market trends, the median asking rent in 46204 has hovered around the mid-$1,600s in recent months, with most listings ranging roughly from $1,200 to $2,500 depending on size and building. The neighborhood draws a diverse mix of residents—young professionals, empty nesters, and students—and is generally pet friendly with many buildings welcoming pets.
Powered by Zillow data and AI technology.
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Nearby schools in Indianapolis
GreatSchools rating
- 6/10Center for Inquiry School 2Grades: K-8Distance: 0.2 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.9 mi
- 1/10Crispus Attucks Medical Magnet High School (9-12)Grades: 9-12Distance: 1.2 mi
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.
