Indianapolis, IN Rent Trends

Rank #83, last updated June 19

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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 $839. The average rent of a 1-bedroom in Indianapolis, IN is $896. The average rent of a 2-bedroom in Indianapolis, IN is $1,200. The average rent of a 3-bedroom in Indianapolis, IN is $1,599.

Studio

$839


1 bed

$896


2 beds

$1,200


3+ beds

$1,599

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

Jun 04 2024Jul 18 2024Sep 01 2024Oct 17 2024Dec 02 2024Jan 17 2025Mar 04 2025Apr 19 2025Jun 19 2025$660$960$1,260$1,800
  • Indianapolis
  • National

Apartment Rent Ranges in Indianapolis

The monthly rent for apartments in Indianapolis, IN ranges from $500 to $2,100+.

$500 - $900

$900 - $1,300

$1,300 - $1,700

$1,700 - $2,100

$2,100+

What is the average apartment size in Indianapolis?

The average size of a Indianapolis, IN apartment is 1017 square feet, while the median apartment size for Indianapolis, IN is 936 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (33.04%) are 3+ bedroom apartments, while the fewest (4.52%) are studio apartments. Meanwhile, 2 bedroom apartments account for 33.04%, and 1 bedroom apartments make up 29.4%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Indianapolis?

Studio1 bed2 beds3+ beds
Fountain Square*$850$1,800$2,100
Irvington$595$895$988$1,500
Mapleton - Fall Creek$650$785*$1,475
Meridian Kessler**$1,300$1,773

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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