Penrose On Mass

📍 530 Massachusetts Ave, Indianapolis, IN 46204

📋 Property Overview

Studio - 2 bd and 1 ba rental in Downtown Indianapolis, Indianapolis, Indiana. It measures 505 sq ft. Rents run from $1,230 to $2,895 a month. Inside, the home includes in unit laundry, refrigerator and oven. On site there is dogs allowed, gym, car charging and trash valet. Pets are allowed (cats and dogs). Residents have access to garage and garage. The standard lease term is 12 months. Availability: Available now. With a Walk Score of 97, most errands can be done on foot. Transit Score is 61. That is 9% below the local median of $1,350.

🚶 Getting Around

• Walk Score97/100

  Walker's Paradise

• Transit Score61/100

  Good Transit

💵 Costs & Lease

Deposit

$225

Lease length

12 months

Units available

15 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• 1BR/1B K Mass Ave Curtain Wall (shower/balc/mass)1 bd · 1 ba · 777 sq ftNone available right now
• 1BR/1B B Courtyard Balcony (tub/balc)1 bd · 1 ba · 840 sq ft$1,4101 unit available
• 1BR/1B A Mass Ave Premium (tub/island/juliet)1 bd · 1 ba · 842 sq ft$1,5001 unit available
• Studio B Courtyard (shower/no balc/cy)Studio · 1 ba · 505 sq ft$1,2951 unit available
• 2BR/2B A Mass Ave Premium (tubs/balc/mass)2 bd · 2 ba · 1,210 sq ft$2,1351 unit available
• Studio C Courtyard (tub/split/no balc/cy)Studio · 1 ba · 589 sq ft$1,2301 unit available
• 1BR/1B J Courtyard Balcony + Den (shower/balc)1 bd · 1 ba · 879 sq ftNone available right now
• 1BR/1B B Mass Ave Premium (tub/juliet)1 bd · 1 ba · 840 sq ftNone available right now
• 1BR/1B F Mass Ave Curtain Wall (shower/balc/mass)1 bd · 1 ba · 797 sq ftNone available right now
• 2BR/2B E Mass Corner Curtain Media (corner/2 balc)2 bd · 2 ba · 1,725 sq ftNone available right now
• 1BR/1B E Mass Ave Premium1 bd · 1 ba · 989 sq ftNone available right now
• 1BR/1B D NJ/North St Balcony (shower/balcony)1 bd · 1 ba · 820 sq ftNone available right now

🧾 Move-in Costs & Lease

Security deposit

$225

Move-in fee

$250

Lease length

12 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Indiana renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 388,827 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

✨ Features & Details

• Pet Friendly
• In unit laundry
• 24hr maintenance
• Garage
• Gym
• Pool
• Oven
• Refrigerator
• Cats allowed
• Dogs allowed
• Parking
• Bbq/grill
• Bike storage
• Bocce court
• Car charging
• Conference room
• E-payments
• Hot tub
• Key fob access
• Online portal
• Trash valet
• 840 sq ft
• 842 sq ft
• 505 sq ft
• 1210 sq ft
• 589 sq ft
• 1188 sq ft
• 798 sq ft
• 879 sq ft
• 1222 sq ft

📊 Property Facts

Walk Score

97 · Walker's Paradise

Transit Score

61 · Good Transit

🚗 Parking

• Garage · assigned (extra fee) · $200
• Garage · $150
• Garage · $225

🎓 Nearby Schools

• Center for Inquiry School 2 · K-86/10 · 0.2 mi
• Arsenal Technical High School · 9-121/10 · 0.9 mi
• H.L. Harshman Magnet Middle School · 7-82/10 · 1.0 mi
• Herron High School · 9-1210/10 · 1.0 mi
• Theodore Potter School 74 · K-62/10 · 1.1 mi
• George and Veronica Phalen Leadership Academy · K-76/10 · 1.1 mi
• Center for Inquiry School 27 · PK-82/10 · 1.2 mi
• Crispus Attucks Medical Magnet High School (9-12) · 9-121/10 · 1.2 mi
• Thomas D. Gregg School 15 · PK-62/10 · 1.5 mi
• William McKinley School 39 · PK-65/10 · 1.6 mi

🏡 Floor Plans