111 E 16th St #503, Indianapolis, IN 46202
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Property image
OFF MARKET
  • 1 Bed
  • 2 Baths
  • 962 sqft

111 E 16th St #503, Indianapolis, IN 46202

Near Northside

Home Highlights

Apartment
Built in 1923
962 sqft

Local Information

  • Map ViewExplore the area around 111 E 16th St #503.
  • Schools7 Preschool Schools11 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

Welcome to Penn Arts Apartments, located in the vibrant, historic Old Northside neighborhood. This walkable area offers fantastic dining, including an on-site coffee shop and ice cream shop, with a sushi spot and barber just across the street.

Inside, the apartments are exceptionally spacious, featuring abundant natural light, full-size kitchens with dishwashers, large master bedrooms, and two bathroomsideal for guests. Building amenities include on-site laundry, off-street parking, secured bike storage, controlled access, and a fitness center. Experience generous space, modern convenience, and a lively community at Penn Arts Apartments.

Contact our office today to arrange a personalized tour, or indulge in the convenience of our immersive 3D Virtual Tour.

Contact Us Today:
111 E 16th St #503, Indianapolis, IN 46202 is a 1 bedroom, 2 bathroom, 962 sqft apartment in Near Northside, built in 1923. More recently, it was listed as a rental in April 2026 with an asking price of $1,125 per month. That rental listing was removed on July 29, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,173/month.
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Property Website

Home Details for 111 E 16th St #503

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: Less Than One Year Lease,More Than One Year Lease,One Year Lease

Building

Community rooms
Fitness Center

Comparable Sales for 111 E 16th St #503

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1037 N Park Ave, Indianapolis, IN
0.63
Apartment
$454,900
01/20/26
2
3
1,478 sqft
2060 Central Ave, Indianapolis, IN
0.59
Apartment
$390,000
12/17/25
5
-
3,722 sqft
2421 Coyner Ave, Indianapolis, IN
1.85
Apartment
$81,000
12/10/25
5
2
1,400 sqft
1525 E Market St, Indianapolis, IN
1.86
Apartment
$360,000
07/24/26
2
2
1,300 sqft
1923 Hillside Ave, Indianapolis, IN
1.38
Apartment
$143,000
11/06/25
1
1
-
101 N Arsenal Ave, Indianapolis, IN
1.81
Apartment
$475,000
02/06/26
3
2
1,300 sqft
3249 N Capitol Ave, Indianapolis, IN
1.89
Apartment
$287,000
02/26/26
3
2
1,300 sqft
2625 Central Ave, Indianapolis, IN
1.21
Apartment
$445,000
04/14/26
1
1
1,200 sqft
3106 N College Ave, Indianapolis, IN
1.76
Apartment
$325,000
03/20/26
3
1.5
1,400 sqft
3827 Clarendon Rd, Indianapolis, IN
2.71
Apartment
$85,000
02/25/26
1
1
544 sqft
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in Near Northside

Last updated Sep 2026
Trulia Rent Estimate$1,173/mo
Average rent
$1.5K
$50MoM
Available listings
104
View rental market trends in Indianapolis, IN

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Near Northside
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Near Northside

At least 68 Trulia users voted on each feature.

  • 98 % Say it's dog friendly

  • 97 % Say there are sidewalks

  • 94 % Say it's walkable to restaurants

  • 89 % Say parking is easy

  • 77 % Say car is needed

  • 76 % Say there's holiday spirit

  • 76 % Say streets are well-lit

  • 74 % Say yards are well-kept

  • 68 % Say neighbors are friendly

  • 65 % Say people would walk alone at night

  • 59 % Say it's walkable to grocery stores

  • 56 % Say kids play outside

  • 53 % Say they plan to stay for at least 5 years

  • 46 % Say it's quiet

  • 46 % Say there's wildlife

  • 41 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nvhnc7btp8
    "Excellent schools and park in historic Herron-Morton Place. Lots of families with children and pet families. Family and pet friendly restaurants, ice cream shop and other food and beverage amenities as well"
    0
    Flag
  • Trulia User
    "There are numerous festivals and public events. The Pacers and the Colts play here. And the is the Indy Fever that also play at the field house. "
    3
    Flag
  • Trulia User
    "I lived in this neighborhood for 3.5 years. My kids enjoyed riding their bikes and playing in the triangle park. And, the neighbors are super friendly."
    4
    Flag
  • Trulia User
    "The History of Herron makes this a unique upscale classy neighborhood to live in . Peaceful Serine Beautiful we look forward to residing in this Community"
    3
    Flag
  • Sanematsu
    "I’ve lived here for 13 years. Love the big city feel. Shawn Grove Park is great for the kids. You can walk to the library. More coffee places and restaurants have been popping up. It’s one of the best spots in Indy IMHO "
    19
    Flag
  • Scott.joe.williams
    "Lots of dog walking. Only a handful of times have I seen someone walking without a leash. Most people are respectful with their animals. "
    1
    Flag
  • Luke M.
    "There are lots of well maintained sidewalks that are ideal for dogs to walk on. There are not too many cars that drive down the streets between college and central, and central and Delaware. "
    0
    Flag
  • Ekelley.barkey
    "Locally owned restaurants to meet other neighbors. We love walking to dinner or out for drinks. A quick Uber/lyft ride to popular downtown spots. Great neighborhood for running or walking your dog. Great seasonal events in nearby parks with live music and vendors. "
    1
    Flag
  • Loubags01
    "This is a very kid friendly neighborhood. You’ll see children riding bikes with their parents & trying their hand at becoming young entrepreneurs with lemonade stands. All of the local eateries also cater to the kiddos. "
    0
    Flag
  • Mberardi525
    "Rotating Socials at neighbors, July neighborhood wide yard sale. Yearly neighborhood clean-ups. Social events at local businesses after hours. "
    0
    Flag
  • Loubags01
    "There are great private schools for children of all ages around us. The sidewalks are always full of families walking dogs & pushing strollers with older children walking or riding along on their bikes. Parents have meet ups in the parks & our HOA has fantastic family activities including Easter egg hunts & we close down Talbott St during the 4th of July to watch the Indianapolis fireworks in the street. "
    0
    Flag
  • Jason
    "I wouldn’t consider the Old Northside a child friendly area. It’s great for urban minded older people."
    0
    Flag
  • Reddadday01
    "Public Transportation is good, however you do need a care for shopping and commuting out of downtown "
    0
    Flag
  • Reddadday01
    "The area is mixed however condos are running around 150K on up apartment rent is around $1000.00 a month South of 16th Street "
    0
    Flag
  • Shelly S.
    "Old Northside Treasure Hunt and a variety of different activities like porch parties, halloween and summer picnic"
    0
    Flag
  • Audrea F.
    "The commute from my neighborhood to the downtown and Broad Ripple areas is very easy and traffic is typically light. "
    0
    Flag
  • Byron R.
    "I've lived over here for about four years, and the people in this neighborhood are friendly. I feel safe when I am out walking after dark. I wish I had a dog to really fit in cause I love to see people walking their dogs around."
    0
    Flag
  • Emkemp
    "I have lived in the neighborhood for over 7 years. There are so many new places to walk to now. It's great to meet with up with friends nearby."
    0
    Flag
  • Shelly S.
    "Proximity to downtown with neighborhood feel. Great neighbors connected community.old houses modern living."
    0
    Flag
  • Corrnd
    "I've lived in Fall Creek Place for 7 years. It's very walkable to local amenities, with good connectivity into downtown and an interesting mix of new and historic homes."
    0
    Flag
  • Mberardi525
    "Great old home architecture. Friendly people. Not too much traffic. Lots of people out jogging or walking dogs. Can ride your bike anywhere downtown. "
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jul 29, 2026
Source: Zillow Rentals
ListingRemoved
$1,109
Jul 15, 2026
Source: Zillow Rentals
PriceChange
$1,109
Price increased by 1%
May 15, 2026
Source: Zillow Rentals
PriceChange
$1,103
Price decreased by 2%
Apr 29, 2026
Source: Zillow Rentals
PriceChange
$1,122
Price decreased by 0%
Apr 28, 2026
Source: Zillow Rentals
Listed For Rent
$1,125

Frequently asked questions about 111 E 16th St #503

  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • What do residents say about the Near Northside neighborhood?
    Residents describe the Near Northside neighborhood in Indianapolis, IN as dog-friendly, pedestrian-friendly, and walkable to restaurants. See recently sold homes in Near Northside, Indianapolis.
  • What are the closest schools to 111 E 16th St #503?
    The closest schools to 111 E 16th St #503 in Indianapolis, IN are Anna Brochhausen School 88 (Pre-K/Elementary, rated 3/10), Arlington Community Middle School (rated 2/10), Arlington Woods School 99 (Pre-K/Elementary, rated 4/10).
  • Does 111 E 16th St #503 have a fitness center?
    Yes, 111 E 16th St #503 in Indianapolis, IN has a fitness center.

Homes for rent near 111 E 16th St #503

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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