Indianapolis, IN Rent Trends

Rank #76, last updated May 5

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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 $700. The average rent of a 1-bedroom in Indianapolis, IN is $971. The average rent of a 2-bedroom in Indianapolis, IN is $1,178. The average rent of a 3-bedroom in Indianapolis, IN is $1,450.

$700

$971

$1,178

$1,450

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 909 square feet, while the median apartment size for Indianapolis, IN is 855 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (38.75%) are 2 bedroom apartments, while the fewest (5.95%) are studio apartments. Meanwhile, 1 bedroom apartments account for 33.36%, and 3+ bedroom apartments make up 21.93%.

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	*	$1,186	$1,331	*
Downtown	*	$1,000	$1,804	*
Fountain Square	*	$765	$1,940	*
Irvington	$600	$775	$849	*
Mapleton - Fall Creek	*	$695	$849	$1,305
Near Northside	$885	*	$1,300	*

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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