Apartments for Rent in Indianapolis, IN

Prices and availability in Indianapolis, IN were last updated on 4 Oct 2026.

The best apartments in Indianapolis, IN are: 7 Pointe Apartments, Lawrence Landing, The Sterling, Thompson Village Apartments and Summit at Keystone.

The average rent in Indianapolis, IN is $1,238.

The price range for a studio apartment in Indianapolis, IN is between $581 and $4,802.

The price range for a 1-bedroom apartment in Indianapolis, IN is between $703 and $3,999.

The price range for a 2-bedroom apartment in Indianapolis, IN is between $594 and $5,857.

The price range for a 3-bedroom apartment in Indianapolis, IN is between $675 and $5,857.

In Indianapolis, 44% of the residents are renting compared to 56% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Indianapolis's rentals, 62% are small-scale complexes with under 50 units, and 25% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Indianapolis are about 42 years old, on average. Of these, 22% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 95% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Indianapolis are around 3% of rentals, while 1-bedroom floor plans represent 41% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.