Apartments for Rent in Indianapolis, IN

Prices and availability in Indianapolis, IN were last updated on 20 Aug 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 $6,771.

The price range for a 1-bedroom apartment in Indianapolis, IN is between $525 and $4,181.

The price range for a 2-bedroom apartment in Indianapolis, IN is between $525 and $7,801.

The price range for a 3-bedroom apartment in Indianapolis, IN is between $540 and $7,801.

In Indianapolis 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 12% of Indianapolis's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 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.

Rental apartments in Indianapolis come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 41% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Indianapolis. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.