Indianapolis, IN Rent Trends

Rank #69, last updated May 16

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Indianapolis?

The average rent of a studio apartment in Indianapolis, IN is $842. The average rent of a 1-bedroom in Indianapolis, IN is $992. The average rent of a 2-bedroom in Indianapolis, IN is $1,175. The average rent of a 3-bedroom in Indianapolis, IN is $1,500.

$842

$992

$1,175

$1,500

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Indianapolis

Apartment Rent Ranges in Indianapolis

The monthly rent for apartments in Indianapolis, IN ranges from $300 to $1,900+.

$300 - $700

$700 - $1,100

$1,100 - $1,500

$1,500 - $1,900

$1,900+

What is the average apartment size in Indianapolis?

The average size of a Indianapolis, IN apartment is 891 square feet, while the median apartment size for Indianapolis, IN is 850 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (39.22%) are 2 bedroom apartments, while the fewest (7.31%) are studio apartments. Meanwhile, 1 bedroom apartments account for 33.62%, and 3+ bedroom apartments make up 19.85%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Indianapolis?

	Studio	1 bed	2 beds	3+ beds
Castleton	*	$1,332	$1,504	*
Downtown	*	$999	$1,622	*
Fountain Square	*	$1,118	*	$2,000
Irvington	*	$837	$830	$1,375
Mapleton - Fall Creek	*	$750	$875	$1,450
Martindale - Brightwood	$1,300	$1,600	$1,490	$950

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

Nearby neighborhoods

Broad Ripple Apartments

6 apartments starting at $875/month

Castleton Apartments

5 apartments starting at $1,271/month

Christian Park Apartments

13 apartments starting at $740/month

Downtown Apartments

12 apartments starting at $869/month

East Gate Apartments

8 apartments starting at $1,220/month

Fountain Square Apartments

12 apartments starting at $765/month

Irvington Apartments

12 apartments starting at $595/month

Mapleton - Fall Creek Apartments

23 apartments starting at $675/month

Martindale - Brightwood Apartments

10 apartments starting at $635/month

Meridian Kessler Apartments

5 apartments starting at $975/month

West Indianapolis Apartments

5 apartments starting at $750/month

Nearby cities

Anderson Apartments

14 apartments starting at $500/month

Carmel Apartments

24 apartments starting at $700/month

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8 apartments starting at $775/month

Greenfield Apartments

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Lawrence Apartments

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Noblesville Apartments

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Westfield Apartments

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Nearby universities

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20 apartments starting at $649/month

IUPUI Apartments

27 apartments starting at $675/month

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30 apartments starting at $599/month

Marian University Apartments

14 apartments starting at $775/month

UIndy Apartments

12 apartments starting at $635/month

Nearby metro areas

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3,535 apartments starting at $475/month

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1,046 apartments starting at $600/month

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582 apartments starting at $475/month

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St. Louis Metro Apartments

948 apartments starting at $400/month