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Updated 35 minutes ago

Slate Apartments


501 Virginia Ave Indianapolis, IN

Studio - 2 Bed
•
1 - 2 Bath

596 - 1,190 Sq. Ft.

Available starting Sep. 19th
Floor plans
Studio • 1 Bath
$1,430
596 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 512
$1,430
Available Sep 19th, 2025
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View Rented Units
1 Bed • 1 Bath
$1,640 - $1,690
803 ft2
0 Available
Managed By: Deylen Realty, Inc.
501 Virginia Avenue 404
$1,640
Rented
View
Unit 402
$1,690
Rented
View
1 Bed • 1 Bath
$1,640
766 ft2
0 Available
Managed By: Deylen Realty, Inc.
501 Virginia Avenue 317
$1,640
Rented
View
Unit 317
$1,640
Rented
View
1 Bed • 1 Bath
$1,540 - $1,690
690 ft2
0 Available
Managed By: Deylen Realty, Inc.
501 Virginia Avenue 207
$1,590
Rented
View
501 Virginia Avenue 315
$1,540
Rented
View
Unit 407
$1,590
Rented
View
Unit 511
$1,690
Rented
View
Unit 214
$1,540
Rented
View
Unit 415
$1,590
Rented
View
Unit 514
$1,690
Rented
View
Unit 211
$1,590
Rented
View
Unit 509
$1,690
Rented
View
Unit 409
$1,640
Rented
View
2 Beds • 2 Bath
$2,190
1100 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 316
$2,190
Available Sep 22nd, 2025
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View Rented Units
2 Beds • 2 Bath
$2,240
1190 ft2
1 Available
Managed By: Deylen Realty, Inc.
Unit 205
$2,240
Available Oct 1st, 2025
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View Rented Units
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Where you'll live
Street View
Map View
Satellite View
Slate Apartments
Slate Apartments
Slate Apartments
Location ratings
Walk Score®
80
Very Walkable
Transit Score®
61
Good Transit
Bike Score®
95
Biker's Paradise
Amenities
On-site Laundry
Washer / Dryer Connections
Heat Included
Furnished
Fitness Center
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Water Included
Electric Included
Balcony, Deck, Patio
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Meal Plan Available
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Electric Vehicle Charging
Lease & Fees
Application Fee: $50
Security Deposit: $500
Property details
Description

Welcome to Slate Apartments, located on Virginia Ave, where modern living meets convenience and style! Our community offers a variety of spacious and thoughtfully designed studio, one-bedroom, and two-bedroom apartments. Skyline views of Downtown Indianapolis, kitchen islands with waterfall countertops, stainless steel appliances, washer and dryer, and large balconies are some of the apartment amenities offered. Community amenities include a top floor fitness room, green roof terrace with grill, and surface lot parking for guests. Slate is home to Tappers Arcade and Old National Bank. Located right on the Cultural Trail in the venerable Holy Rosary/Fletcher Place neighborhood/Fountain Fletcher District

Additional Details
Total Unit Count: 68
Last Updated: Updated 35 minutes ago
Contact Number: (317) 638-2000
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
ViaSat, Inc. 100.0 3.0
On-Ramp Indiana, Inc. 50.0 10.0
Hughes Network Systems, LLC 25.0 3.0
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Renters Also Viewed
$1,750 - $1,879
Five Twenty Virginia
520 Virginia Ave Indianapolis, IN
2 BR | Available Now
0.1 miles away
$1,249
550 Fletcher Ave
Indianapolis, IN
2 BR | Jul. 15, 2025
0.1 miles away
$1,300 - $1,345
Harness Factory Lofts Apartments
30 East Georgia St. Ste. C Indianapolis, IN
2 BR | Available Now
0.6 miles away
$2,261 - $3,220
The Vue Luxury Apartments
718 E Georgia St. Indianapolis, IN
Studio - 2 BR | Available Now
0.4 miles away
$1,067 - $3,601
Edge 35
1224 Prospect St Indianapolis, IN
Studio - 2 BR | Jun. 25, 2025
0.7 miles away
$1,854 - $2,944
Pinnex
931 Fletcher Avenue Indianapolis, IN
2 BR | Aug. 19, 2025
0.4 miles away
$1,028 - $3,087
Artistry Indy
451 Emarket St Indianapolis, IN
Studio - 2 BR | Available Now
0.6 miles away
$954
Bridgeman
1012 Prospect St Indianapolis, IN
2 BR | Available Now
0.6 miles away
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1328 1330 Leonard St
Indianapolis, IN
2 BR | Jun. 29, 2025
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Indianapolis, IN
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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 Slate Apartments by bedroom type below.
Studio
Suggested income:
$51,500
per year
2 Bedroom
Suggested income:
$79,700
per year
Rent report

Slate Apartments Rent vs. Indianapolis Average

 Slate Apartments      Indianapolis Average
Studio
$1,430
$1,100
$0
$500
$1,000
$1,500
$2,000
2BR
$2,215
$1,339
$0
$750
$1,500
$2,250
$3,000

Slate Apartments is asking 30% more than the average studio apartment in Indianapolis.

If you upsized to an average priced Indianapolis 1 bedroom apartment, you would pay 6% more per month.

Slate Apartments provides 21% more square footage than the average Indianapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Slate Apartments
Studio $1,430 $2.40 $4,290
2BR $2,215 $1.90 $6,645
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 1.87 mi.
Riley Hospital For Children 2.1 mi.
Indiana University Health Transplant 2.24 mi.
Nearby Fire Stations
Name Distance
Heiberger Volunteer Fire Department 0.56 mi.
Heiberger Volunteer Fire Department 0.56 mi.
North East Union Fire District 0.7 mi.
FAQs
Is this property currently leasing units?
Yes. There are 3 available units at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months. The next unit is available for move-in on September 19, 2025.
What's the square footage of the available units?
The available units range from 596 to 1,190 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 501 Virginia Ave in Indianapolis, IN. It's 0.8 miles southeast from the center of Indianapolis.
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