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Updated 1 hour ago

Five Twenty Virginia


520 Virginia Ave Indianapolis, IN

1 - 2 Bed
•
1 Bath

650 - 1,015 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,065
355 ft2
0 Available
Managed By: Five Twenty Virginia, LLC
Unit 5
$1,065
Rented
View
1 Bed • 1 Bath
$1,333
650 ft2
1 Available
Managed By: Five Twenty Virginia, LLC
Unit 6
$1,333
Available Jul 8th, 2025
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2 Beds • 1 Bath
$1,879
1015 ft2
2 Available
Managed By: Five Twenty Virginia, LLC
Unit 17
$1,879
Available Now
View
Unit 20
$1,879
Available Aug 5th, 2025
View
2 Beds • 1 Bath
$1,750
970 ft2
1 Available
Managed By: Five Twenty Virginia, LLC
Unit 3
$1,750
Available Jul 8th, 2025
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View Rented Units
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Where you'll live
Street View
Map View
Satellite View
Five Twenty Virginia
Five Twenty Virginia
Five Twenty Virginia
Location ratings
Walk Score®
85
Very Walkable
Transit Score®
58
Good Transit
Bike Score®
98
Biker's Paradise
Fees & leasing info
Lease & Fees
Security Deposit:

400 - 600

Property details
Description

Welcome to Five Twenty Virginia Apartments, nestled in the vibrant and historic Fletcher Place neighborhood, just steps away from the bustling Virginia Avenue and Fountain Square.
Even though construction for this building first started 1886 and acted as the first two-story school in the city, you will experience the epitome of modern living in our thoughtfully designed units, where every detail is crafted to enhance your lifestyle. Each apartment boasts updated appliances, including a convenient dishwasher, complemented by sleek wood floors and vaulted ceilings that add character and charm to your space. With ample natural light streaming through large windows, your home becomes a bright and inviting sanctuary. We are a dog free community, cats are welcome with a $100 one-time pet fee.
At Five Twenty Virginia, convenience meets peace of mind with keyless building entry and free parking for residents. While most utilities, including gas heat, are included in rent, residents are responsible for electric and renters' insurance. There is a communal laundry facility located in the lobby of the building.
Discover the perfect blend of historic charm and contemporary comfort at Five Twenty Virginia Apartments.

Additional Details
Total Unit Count: 24
Last Updated: Updated 1 hour ago
Contact Number: (317) 636-7669
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Charter Communications 940.0 35.0
ViaSat, Inc. 100.0 3.0
On-Ramp Indiana, Inc. 50.0 10.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
Data from June 2020 provided by the FCC
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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 Five Twenty Virginia by bedroom type below.
1 Bedroom
Suggested income:
$48,000
per year
2 Bedroom
Suggested income:
$66,100
per year
Rent report

Five Twenty Virginia Rent vs. Indianapolis Average

 Five Twenty Virginia      Indianapolis Average
1BR
$1,333
$1,166
$0
$450
$900
$1,350
$1,800
2BR
$1,836
$1,339
$0
$600
$1,200
$1,800
$2,400

Five Twenty Virginia is asking 14% more than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 13% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 6% less per month.

Five Twenty Virginia provides 6% less square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Five Twenty Virginia
1BR $1,333 $2.10 $3,999
2BR $1,836 $1.80 $5,508
Indianapolis Average
Studio $1,100 $2.20 $3,300
1BR $1,166 $1.70 $3,497
2BR $1,339 $1.40 $4,018
3BR $1,616 $1.10 $4,848
4BR $1,604 $0.90 $4,813

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 1,341 1BR units on the market in Indianapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
7% 42% 38% 11% 2%
Available Units in Indianapolis
Studio 222
1BR 1,341
2BR 1,219
3BR 345
4BR 58
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 1.92 mi.
Riley Hospital For Children 2.15 mi.
Indiana University Health Transplant 2.27 mi.
Nearby Fire Stations
Name Distance
Heiberger Volunteer Fire Department 0.59 mi.
Heiberger Volunteer Fire Department 0.59 mi.
North East Union Fire District 0.75 mi.
FAQs
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 4 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 650 to 1,015 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
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 $1,333 to $1,879. Five Twenty Virginia has 1 bedroom units available starting at $1,333 and 2 bedroom units available starting at $1,750.
Where is this property located?
This property is at 520 Virginia Ave in Indianapolis, IN. It's 0.9 miles southeast from the center of Indianapolis.
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