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 $829. The average rent of a 1-bedroom in Indianapolis, IN is $949. The average rent of a 2-bedroom in Indianapolis, IN is $1,250. The average rent of a 3-bedroom in Indianapolis, IN is $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 $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 1031 square feet, while the median apartment size for Indianapolis, IN is 952 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (43.7%) are 2 bedroom apartments, while the fewest (5.03%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 26.27%, and 1 bedroom apartments make up 25%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Indianapolis?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Devington | * | $937 | $1,050 | $1,350 |
| Downtown | * | $1,099 | $1,772 | * |
| Eagledale | * | $899 | $1,102 | * |
| East Gate | * | $934 | $1,098 | * |
| Fountain Square | $1,340 | * | $1,397 | $1,950 |
| Irvington | * | $800 | $1,113 | * |
| Mapleton - Fall Creek | * | $775 | $885 | $1,550 |
| Meridian Kessler | * | * | $1,492 | $1,795 |
| Near Nw - Riverside | * | * | $1,006 | $1,399 |
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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