$1,200/mo
- 2 Beds
- 1 Bath
- 900 sqft
511 E 2nd St, Madison, IN 47250
Available now
Cost and fees breakdown
Price may not include required fees and charges.
Home Highlights
Apartment
Dogs & Cats Allowed
Laundry
$1,200 deposit
Central Air
Local Information
-- mins to
About this House
What's unique:Laundry area on site
Beautiful downtown Madison! Newly renovated apartments. Walking distance to riverfront, festivals, and Main St/shopping and dining! Water, sewer, garbage included. 2bd unit. Rent includes water, sewer, garbage. Duke electric must be transferred to your name before move in. Laundry area on site. Units are first come first serve, we do not hold them. Rent is $1200/mo. First months rent and security deposit of $1200 due to move in. Each adult MUST complete an application. Application fee is $50per adult. This covers the cost of the background reports.
Valid ID and proof of income required for applications. Prior evictions and criminal history with drug or violent offenses not accepted.
PET POLICY: All properties
There is a non refundable pet deposit of $250 PER pet. Dogs will add $35/mo to rent and cats will add $25/mo to rent. Only one dog and cat are allowed. We must also approve the animal prior to move in
Owner pays water, sewer, garbage and electric. There is a $250 non-refundable pet deposit and a pet adds $35/mo pet rent to monthly rent price. If you choose to get internet it must be Metronet. All interested parties must complete application/background check. The cost for applications is $50 per adult. We will send this electronically, we will need legal name(s), phone number and email for EACH adult. For multiple adults, it Must be separate emails for each person. You cannot share an email for the applications
Valid ID and proof of income required for applications. Prior evictions and criminal history with drug or violent offenses not accepted.
PET POLICY: All properties
There is a non refundable pet deposit of $250 PER pet. Dogs will add $35/mo to rent and cats will add $25/mo to rent. Only one dog and cat are allowed. We must also approve the animal prior to move in
Owner pays water, sewer, garbage and electric. There is a $250 non-refundable pet deposit and a pet adds $35/mo pet rent to monthly rent price. If you choose to get internet it must be Metronet. All interested parties must complete application/background check. The cost for applications is $50 per adult. We will send this electronically, we will need legal name(s), phone number and email for EACH adult. For multiple adults, it Must be separate emails for each person. You cannot share an email for the applications
Details for 511 E 2nd St
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Days on Market: 2 days on Trulia |
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Property Type / Style Property Type: Apartment |
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Lease Term: 1 YearAvailable: nowCats, small dogs allowedDeposit: $1,200 |
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Heating & Cooling Air Conditioning |
Levels, Entrance, & Accessibility Floors: Hardwood |
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Parking & Garage Parking: Off Street Parking, On Site |
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Costs and Fees
Required monthly rent & fees
- Base rent$1,200/mo
Optional monthly rent & fees
- Pet rent$35/mo
Required one-time fees
- Security deposit$1,200
- Application feeContact for details
- Administrative feeContact for details
Optional one-time fees
- Pet deposit$250
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
Rental Market Trends in Madison
Last updated Sep 2026
Trulia Rent Estimate$1,126/mo
Average rent
$1.01K
$145MoM
Available listings
6
Around this home
What Locals Say about Madison
At least 44 Trulia users voted on each feature.
87 % Say car is needed
79 % Say it's dog friendly
79 % Say yards are well-kept
78 % Say there's holiday spirit
77 % Say people would walk alone at night
68 % Say there's wildlife
67 % Say parking is easy
59 % Say kids play outside
56 % Say it's quiet
55 % Say there are sidewalks
53 % Say neighbors are friendly
48 % Say they plan to stay for at least 5 years
47 % Say streets are well-lit
44 % Say it's walkable to restaurants
33 % Say there are community events
28 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
Local Legal Protections
Local Legal Protections
LGBTQ • Source of Income
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 22, 2026 Source: Zillow Rentals | Listed For Rent | $1,200 |
Jan 20, 2025 Source: Zillow Rentals | ListingRemoved | $1,100 |
Jan 14, 2025 Source: Zillow Rentals | Listed For Rent | $1,100 |
Dec 6, 2024 Source: Zillow Rentals | ListingRemoved | $1,100 |
Dec 3, 2024 Source: Zillow Rentals | Listed For Rent | $1,100 |
Feb 24, 2024 Source: Zillow Rentals | ListingRemoved | |
Jan 19, 2024 Source: Zillow Rentals | Listed For Rent | $1,100 |
Dec 15, 2023 Source: Zillow Rentals | ListingRemoved | |
Nov 15, 2023 Source: Zillow Rentals | Listed For Rent | $1,100 |
Marci Smith
Frequently asked questions about 511 E 2nd St
- What income do you need to rent 511 E 2nd St?Most landlords look for monthly gross income of about 3× rent, or roughly $45K per year to rent 511 E 2nd St in Madison, IN at $1,200/mo.
- What is the pet policy at 511 E 2nd St?511 E 2nd St in Madison, IN allows cats and small dogs.
- What's the average rent in Madison?The average rent in Madison is $1,012 per month.
- How does the rent for 511 E 2nd St compare to similar 2-bedroom apartments in Madison?511 E 2nd St in Madison, IN rents in line with the area average for 2-bedroom apartments in Madison ($1,200/mo).
- Does 511 E 2nd St have parking?Yes, 511 E 2nd St in Madison, IN has on-site parking.
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
$43,200 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.
New Rentals Nearby
511 E 2nd St, Madison, IN is a 2 bedroom, 1 bathroom, 900 sqft apartment. 511 E 2nd St was listed for rent for $1,200/month on Sep 22, 2026. This property is pet friendly.

