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Apartments for Rent in Indianapolis, IN
1,327 Rentals Available

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Average rent in Indianapolis, IN

$1,238/mo Indianapolis, IN average rental price, October 2024
Image Average Rent

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

Indianapolis, IN apartment rent ranges

About 58% of apartment rents in Indianapolis, IN range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 14% of apartments. Around 23% of Indianapolis’s apartments are in the $701-$1,000 price range. 2% of apartments are priced between $501-$700.

Indianapolis, IN rent trends

Check out the average rent prices in Indianapolis by neighborhood.

Compared to the national average rent of $1,748, the average rent in Indianapolis, IN is $1,238.

Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

When were prices and availability in Indianapolis, IN last updated?

Prices and availability in Indianapolis, IN were last updated on 7 Dec 2024.

What are the best apartments in Indianapolis, IN?

The best apartments in Indianapolis, IN are: Lawrence Landing, CityView on Meridian, Summit at Keystone, 220 Meridian and Lake Clearwater Apartments.

What is the average rent in Indianapolis, IN?

The average rent in Indianapolis, IN is $1,238. Start your search for apartments in Indianapolis, IN now.

What is the price range for a studio apartment in Indianapolis, IN?

The price range for a studio apartment in Indianapolis, IN is between $699 and $4,488. View all studio apartments in Indianapolis, IN.

What is the price range for a 1-bedroom apartment in Indianapolis, IN?

The price range for a 1-bedroom apartment in Indianapolis, IN is between $289 and $4,384. Browse all available 1-bedroom apartments in Indianapolis, IN now.

What is the price range for a 2-bedroom apartment in Indianapolis, IN?

The price range for a 2-bedroom apartment in Indianapolis, IN is between $495 and $6,427. Browse and find a 2-bedroom apartment in Indianapolis, IN.

What is the price range for a 3-bedroom apartment in Indianapolis, IN?

The price range for a 3-bedroom apartment in Indianapolis, IN is between $598 and $7,057. Browse all available 3-bedroom apartments in Indianapolis, IN.

What type of rental buildings are in Indianapolis, IN?

In Indianapolis, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Indianapolis’s rentals, 61% are small-scale complexes with under 50 units, and 28% are single-family rentals.

What do typical apartment communities look like in Indianapolis, IN?

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 41 years old, on average. Of these, 20% 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.

What apartment floorplans are common in Indianapolis, IN?

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.

Indianapolis, IN in the news

Living in Indianapolis, IN

Living in location

As the capital and largest city of Indiana, Indianapolis - or, Indy, as locals call it - has a rich history, diverse culture, and a wide range of activities for residents and renters. Dubbed the "Racing Capital of the World," it's home to the Indianapolis Motor Speedway, hosting the renowned Indianapolis 500 and the Brickyard 400. Several professional sports teams also call Indianapolis home, including the Indiana Pacers (NBA) and the Indianapolis Colts (NFL), making renting here a haven for sports enthusiasts. There are also many historical spots and museums; parks with recreational activities; and events that foster a sense of community. Additionally, several universities and Fortune 500 companies attract renters looking to extend their education and careers. Meanwhile, Indianapolis has a humid, continental climate characterized by hot and humid summers and cold winters. Average temperatures range between 20°F and 84°F with moderate rain and snow.

The cultural scene of Indianapolis is further enriched by the vibrant Mass Ave Arts District, offering renters a string of galleries, boutiques, and an array of dining experiences. The Indiana Central Canal provides a scenic backdrop for walkers and cyclists alike. Renters also benefit from the annual Indiana State Fair and numerous local farmers' markets, embodying the community spirit and Midwestern charm of this dynamic city.

Renting in Indianapolis, IN

The most common rentals in Indianapolis are mid-rise and high-rise apartments, many of which are in the downtown area overlooking the city skyline. For renters with families, Irvington, Lockerbie Square, Keystone at the Crossing, and Meridian-Kessler are quaint neighborhoods with tree-lined streets and spacious rentals close to lifestyle amenities. In contrast, Broad Ripple, Fountain Square, and Wholesale District are trendy neighborhoods where renters will be close to shops, restaurants, art galleries and live music venues. Notably, landlords can charge and increase the rent as they want, and there's no limit to the security deposit they can ask for. Many rental properties also include amenities like swimming pools, fitness centers, laundry facilities and communal spaces. Typically, landlords are responsible for maintaining the rental, while renters pay the utilities unless both parties agree otherwise in the lease.

Things for renting

Shopping in Indianapolis, IN

Indy is a haven for shopping enthusiasts and is home to Circle Centre Mall, Castleton Square and The Fashion Mall at Keystone. Here, renters can find an array of designer stores and fashion retailers, including names like Allen Edmonds, Anthropologie, Banana Republic, GAP, Gucci, J. Jill, Kate Spade New York, Kendra Scott, L'Occitane, Louis Vuitton, Michael Kors, Talbots, Vera Bradley and many more. There are also several smaller shopping malls, so renters will be close to everything they need. Or, for a more local shopping experience, renters can go to Broad Ripple Village, Massachusetts Avenue and the City Market. Indianapolis also has several farmers' markets where renters can find fresh produce, local products and handmade crafts. Otherwise, for everyday necessities, renters can go to chains like Kroger, Meijer, Walmart, Target, Aldi, Trader Joe's, Whole Foods Market, JCPenney, Macy's, Kohl's and many more.

Transportation in Indianapolis, IN

Renting in Indianapolis means being close to several transportation options. First, the city has a developed network of roads with several interstates, highways, and state routes connecting to local roads and making it easy to navigate by car. That said, some of them may become congested during rush hours, so renters can opt for IndyGo buses that serve the city and surrounding areas. Or, rideshare services (like Uber and Lyft) also operate in Indianapolis, offering convenient and flexible transportation options. Indy is also a highly bikeable and walkable city with many dedicated lanes, trails and sidewalks, thereby allowing renters to accomplish errands through eco-friendly options. Finally, Indianapolis International Airport is the primary airport that offers domestic and international flights to renters in the region.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Indianapolis, IN. Easily search through a wide selection of apartments for rent in Indianapolis, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Indianapolis, IN apartments with rents starting from $697 and submit your rental application today!

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