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Indianapolis, IN Rent Trends

Rank #66, last updated March 28

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 $725. The average rent of a 1-bedroom in Indianapolis, IN is $993. The average rent of a 2-bedroom in Indianapolis, IN is $1,199. The average rent of a 3-bedroom in Indianapolis, IN is $1,500.

Studio

$725


1 bed

$993


2 beds

$1,199


3+ beds

$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 924 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 (37.73%) are 2 bedroom apartments, while the fewest (5.9%) are studio apartments. Meanwhile, 1 bedroom apartments account for 35.13%, and 3+ bedroom apartments make up 21.25%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Indianapolis?

Studio1 bed2 beds3+ beds
Castleton*$1,206$1,262*
Christian Park*$850$960*
Downtown*$1,125$1,769*
Fountain Square*$1,249$1,820$2,200
Irvington*$850$850*
Mapleton - Fall Creek*$697$805$1,350
Martindale - Brightwood**$825$975
Meridian Kessler**$1,325$2,290
Near Northside$929*$1,549*

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

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