Indianapolis, IN Rent Trends

Rank #78, last updated June 17

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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 $922. The average rent of a 1-bedroom in Indianapolis, IN is $900. The average rent of a 2-bedroom in Indianapolis, IN is $1,197. The average rent of a 3-bedroom in Indianapolis, IN is $1,599.

Studio

$922


1 bed

$900


2 beds

$1,197


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 02 2024Jul 16 2024Aug 30 2024Oct 15 2024Nov 30 2024Jan 15 2025Mar 02 2025Apr 17 2025Jun 17 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 1022 square feet, while the median apartment size for Indianapolis, IN is 950 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (33.46%) are 3+ bedroom apartments, while the fewest (4.13%) are studio apartments. Meanwhile, 2 bedroom apartments account for 32.69%, and 1 bedroom apartments make up 29.72%.

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$944$975*
Mapleton - Fall Creek*$804*$1,325
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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