Indianapolis, IN Rent Trends

Rank #68, last updated May 20

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St. Louis, MO

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Rochester, NY

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 $869. The average rent of a 1-bedroom in Indianapolis, IN is $989. The average rent of a 2-bedroom in Indianapolis, IN is $1,188. The average rent of a 3-bedroom in Indianapolis, IN is $1,495.

$869

$989

$1,188

$1,495

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 882 square feet, while the median apartment size for Indianapolis, IN is 845 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (40.06%) are 2 bedroom apartments, while the fewest (7.13%) are studio apartments. Meanwhile, 1 bedroom apartments account for 32.43%, and 3+ bedroom apartments make up 20.38%.

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	*	$1,298	$1,381	*
Downtown	*	$999	$1,599	*
Fountain Square	*	$1,118	*	$2,000
Irvington	*	$799	$849	*
Mapleton - Fall Creek	*	$750	$935	$1,625
Martindale - Brightwood	$1,300	$1,600	$1,490	*

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

Nearby neighborhoods

Broad Ripple Apartments

5 apartments starting at $875/month

Christian Park Apartments

14 apartments starting at $749/month

Downtown Apartments

13 apartments starting at $809/month

East Gate Apartments

7 apartments starting at $1,220/month

Fountain Square Apartments

12 apartments starting at $765/month

Irvington Apartments

10 apartments starting at $595/month

Mapleton - Fall Creek Apartments

19 apartments starting at $699/month

Martindale - Brightwood Apartments

9 apartments starting at $635/month

Near Northside Apartments

5 apartments starting at $900/month

Near Westside Apartments

5 apartments starting at $475/month

Nearby cities

Carmel Apartments

22 apartments starting at $700/month

Fishers Apartments

13 apartments starting at $1,200/month

Franklin Apartments

7 apartments starting at $775/month

Greenfield Apartments

8 apartments starting at $750/month

Greenwood Apartments

12 apartments starting at $795/month

Lawrence Apartments

14 apartments starting at $748/month

Noblesville Apartments

10 apartments starting at $495/month

Plainfield Apartments

5 apartments starting at $1,200/month

Westfield Apartments

7 apartments starting at $985/month

Nearby universities

Butler University Apartments

20 apartments starting at $699/month

IUPUI Apartments

27 apartments starting at $675/month

Ivy Tech Community College Apartments

32 apartments starting at $599/month

Marian University Apartments

14 apartments starting at $775/month

UIndy Apartments

12 apartments starting at $635/month

Nearby metro areas

Chicago Metro Apartments

3,449 apartments starting at $475/month

Cincinnati Metro Apartments

585 apartments starting at $675/month

Columbus Metro Apartments

1,059 apartments starting at $600/month

Indianapolis Metro Apartments

572 apartments starting at $475/month

Louisville Metro Apartments

299 apartments starting at $550/month

St. Louis Metro Apartments

952 apartments starting at $400/month