Prices and availability in Indianapolis, IN were last updated on 1 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 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 average age of rental buildings in Indianapolis is 42 years old, with 22% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 7% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
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.
