Indianapolis, IN Rent Trends

Rank #72, last updated July 24

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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 $875. The average rent of a 1-bedroom in Indianapolis, IN is $938. The average rent of a 2-bedroom in Indianapolis, IN is $1,200. The average rent of a 3-bedroom in Indianapolis, IN is $1,549.

Studio

$875


1 bed

$938


2 beds

$1,200


3+ beds

$1,549

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

Jul 09 2024Aug 23 2024Oct 08 2024Nov 23 2024Jan 08 2025Feb 22 2025Apr 09 2025May 25 2025Jul 24 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 1072 square feet, while the median apartment size for Indianapolis, IN is 1000 square feet. However, square footage varies based on unit type. Most rentals in Indianapolis, IN (35.99%) are 2 bedroom apartments, while the fewest (4.78%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 35.54%, and 1 bedroom apartments make up 23.69%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Indianapolis?

Studio1 bed2 beds3+ beds
Christian Park**$925$1,312
Downtown*$1,088$1,900*
Fountain Square*$823$1,250$2,499
Irvington$595$897$950$1,500
Mapleton - Fall Creek*$797$1,149$1,499
Martindale - Brightwood**$1,000$1,160

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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