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Updated 1 hour ago

Penn Street Tower Apartments


115 N Pennsylvania St Indianapolis, IN

1 Bed
•
1 Bath

697 Sq. Ft.

Available starting Jul. 10th
Floor plans
1 Bed • 1 Bath
$1,374
697 ft2
1 Available
Managed By: Orloff Property Management IN LLC
Unit 907
$1,374
Available Jul 10th, 2025
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2 Beds • 1 Bath
$1,399 - $1,699
1023 ft2
0 Available
Managed By: Orloff Property Management IN LLC
Unit 606
$1,399
Rented
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115 N Pennsylvania Street -606
$1,599
Rented
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115 N Pennsylvania Street -1006
$1,599
Rented
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115 N Pennsylvania Street -1406
$1,699
Rented
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Unit 706
$1,599
Rented
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Unit 1006
$1,599
Rented
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Unit 1406
$1,399
Rented
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2 Beds • 1 Bath
$1,399 - $1,719
1019 ft2
0 Available
Managed By: Orloff Property Management IN LLC
Unit 601
$1,499
Rented
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115 N Pennsylvania Street -901
$1,619
Rented
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115 N Pennsylvania Street -1101
$1,619
Rented
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115 N Pennsylvania Street -701
$1,619
Rented
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115 N Pennsylvania Street -601
$1,619
Rented
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115 N Pennsylvania Street -1301
$1,619
Rented
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Unit 1501
$1,719
Rented
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Unit 1301
$1,619
Rented
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Unit 1101
$1,399
Rented
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Unit 901
$1,399
Rented
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2 Beds • 1 Bath
$2,680
1019 ft2
0 Available
Managed By: Frontdesk
115-Penn-606
$2,680
Rented
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115-Penn-601
$2,680
Rented
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Where you'll live
Street View
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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
Controlled Access
Microwave
Range / Oven
Ceiling Fans
Elevator
Bike Storage
Lounge
Stainless Appliances
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $200
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
Total Unit Count: 98
Last Updated: Updated 1 hour ago
Contact Number: (317) 653-1515
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Photos Floor Plans Amenities
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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:
$49,500
per year
Rent report

Penn Street Tower Apartments Rent vs. Indianapolis Average

 Penn Street Tower Apartments      Indianapolis Average
1BR
$1,374
$1,166
$0
$450
$900
$1,350
$1,800

Penn Street Tower Apartments is asking 18% 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.

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

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Penn Street Tower Apartments
1BR $1,374 $2.00 $4,122
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 1.18 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 is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on July 10, 2025.
What's the square footage of the available units?
It's 697 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 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?
Penn Street Tower Apartments has a 1 bedroom unit starting at $1,374.
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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