A NEW STANDARD FOR AFFORDABLE LIVING IN INDIANAPOLIS
Pedcor is proud to announce the Grand Opening of City Heights Apartment Homes, a vibrant new affordable housing community located just five miles south of downtown Indianapolis. This thoughtfully designed 200-unit development redefines what affordable living can look like—comfortable, connected, and community-focused.
Situated on 19 acres in the Southdale Neighborhood of Perry Township, City Heights offers everything from scenic downtown views to wooded privacy at affordable prices for households earning up to $77,100 (subject to change annually). Apartment homes within the community include a mix of spacious one-, two-, and three-bedroom apartments with features including fully equipped kitchens, large living spaces with ample natural light, washer/dryer connections, ceiling fans, wood-inspired LVP flooring, carpeted bedrooms, and private porches, patios, or balconies. Exterior storage options are also available.
City Heights is designed with sustainability and accessibility in mind. Energy-efficient construction and appliances help residents reduce utility costs while minimizing environmental impact. As a transit-oriented development, the property includes a newly constructed sidewalk that connects directly to the nearest bus stop, promoting eco-friendly transportation options. Residents will enjoy a wide array of amenities that enhance their living experience. The furnished clubhouse includes a fitness center and business center, while a community room with a fully equipped kitchen provides a welcoming space for social gatherings. Outdoor features include a swimming pool with a sundeck, a playground/tot-lot, and a multi-use sports court for recreational activities. Pet owners will appreciate the fenced bark park, and all residents benefit from ample free surface parking, with optional carports and garages available for rent. On-site management and maintenance offices ensure convenient access to support services.
The transit-oriented location offers convenient pedestrian access to public transportation, shopping centers, the University of Indianapolis, and major roadways including South East Street (US Hwy 31), Meridian Street (Hwy 135), I-465, and I-65.
City Heights is the result of strong community collaboration, with support from CVS Health, Bethany Lutheran Church, the Southdale Neighborhood Association, and other local organizations. Pedcor also acknowledges the contributions of WNC Inc., Merchants Capital, HUD, the City of Indianapolis, and IHCDA.
With the addition of their $6.1 million investment in City Heights, CVS Health has invested $29 million in affordable housing across Indiana, helping to create or preserve and renovate over 1,500 affordable units. These investments underscore the company’s efforts to advance health equity by addressing social determinants of health at the local level. “Access to quality housing is foundational to good health” said Keli Savage, Head of Impact Investment Strategy at CVS Health. “City Heights will not only provide secure, affordable housing, but will also connect residents to public transit, green space, and essential services just minutes from downtown Indianapolis. It’s this kind of investment that helps build healthier, more resilient communities.”
City Heights stands as a testament to what affordable housing can be—high-quality, inclusive, and designed to enrich the lives of its residents.
Pedcor Management Corporation will manage the property, reflecting Pedcor’s belief that the management of an apartment community is the key element for its ongoing success. City Heights is one of 192 apartment communities in the Pedcor Companies’ portfolio, which includes over 40 properties across Indiana. City Heights Apartments present an unparalleled opportunity for affordable living in Indianapolis, combining comfortable residences with an abundance of amenities and proximity to all that the city has to offer.
Pedcor Companies is a full-service development, construction, property management, banking and finance team committed to creating stable, inclusive, and quality rental housing across the nation. We are cultivating thriving communities. For more information, please visit our website.
Pedcor supports the Federal Fair Housing Act and all state and local laws prohibiting discrimination in housing with regard to race, color, religion, national origin, sex, familial status, handicap, creed, sexual orientation, gender identity, and lesbian, gay, bisexual, transgendered (LGBT+) individuals. Pedcor is an equal opportunity provider and employer.