| STUDIO | $1,461+ |
| 1 BED | $1,922+ |
| 2 BEDS | $2,842+ |
.jpg?width=480&quality=90 "a meeting room with a table and chairs")
This is a perfect location to get to everything downtown. The views from our apartment are fantastic. Maintenance and the office are very quick to respond to any issues that come up.
| STUDIO | $1,030+ |
| 1 BED | $1,105+ |
| 2 BEDS | $1,160+ |
| 1 BED | $1,275+ |
| 2 BEDS | $1,605+ |
| STUDIO | $1,095+ |
| 1 BED | $1,288+ |
| 2 BEDS | $1,565+ |
| STUDIO | $1,260+ |
| 1 BED | $1,625+ |
| 2 BEDS | $2,265+ |
| STUDIO | $1,200 |
| 1 BED | $1,250+ |
| 2 BEDS | $1,800+ |
| 2 BEDS | $2,457+ |
| 3 BEDS | $3,045+ |
| 4 BEDS | $3,338 |
| 3 BEDS | $3,100 |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| STUDIO | $1,650+ |
| 1 BED | $1,549+ |
| 2 BEDS | $1,899+ |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
| 3 BEDS | $1,834 |
Rental prices in Downtown Indianapolis, Indianapolis, IN have increased by 2.67% over the past year. The average rent moved from $1,577 to $1,619.
Check out the average rent in Indianapolis.
The national average price of rental apartments is $1,750, while the average monthly rent in Downtown Indianapolis, Indianapolis, IN is $1,619.
The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,619.
A share of 2% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 10% of rentals are $2,001-$2,500. Around 43% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 41% of apartments with rents between $1,501-$2,000. A share of 3% of apartment rentals in Indianapolis are in the $2,501-$3,000 range. Meanwhile, 1% of apartment rentals in Indianapolis are in the > $3,000 range.
The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (43%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 18 Nov 2025.
The best apartments in Downtown Indianapolis, Indianapolis, IN are: 220 Meridian, The Ambassador at Library Square, Harness Factory Lofts and Apartments, The Plaza at Library Square and Lockerbie Court on Mass Ave.
The average rent in Downtown Indianapolis, Indianapolis, IN is $1,550.
The price range for a studio apartment in Downtown Indianapolis, Indianapolis, IN is between $494 and $5,571.
The price range for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $503 and $5,101.
The price range for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $934 and $6,495.
The price range for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $1,078 and $6,271.
In Downtown Indianapolis, 77% of the residents are renting compared to 23% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 62% of Downtown Indianapolis’s rentals, 33% are small-scale complexes with under 50 units, and 4% are single-family rentals.
Otherwise known as "downtown Indy" or "Mile Square," downtown Indianapolis is, by far, the most beautiful and well-maintained part of the city with so much more to do than anywhere else. Recently revitalized, downtown Indianapolis primarily attracts college-educated renters and, as the tourism industry grows, so does the neighborhood's incorporation of new streets and associated businesses. As such, the rentals in downtown Indianapolis offer a high quality of life that is active, but not overwhelming. Generally, the apartments and houses for rent in downtown Indianapolis are safer and more family-friendly than, for example, Far East Side Indianapolis and most surrounding neighborhoods. Plus, new subdivisions are added to meet an increased demand for multifamily houses for rent and apartment rentals. Additionally, downtown Indianapolis renters are served by Riley Hospital, while local schools include Simon Youth Academy and Safe Haven Kindergarten.
There are a wide variety of apartment rentals in downtown Indianapolis. Some rentals are renovated office buildings, while others are newly constructed apartment and townhouse buildings (especially on Massachusetts Avenue). Meanwhile, apartments on the south side of downtown are close to the many shops and restaurants on South Street and Delaware Street, while 360 Market Square apartments on the east side of downtown have a Whole Foods Market on the first floor. Furthermore, all rentals in downtown Indianapolis are guaranteed to be in an area that's highly walkable, and almost everything renters need is just five to 10 minutes away. Notably, renters often take the Indy Cultural Trail, an eight-mile, paved path connecting downtown Indianapolis subdivisions. Or, museums like the NCAA Hall of Champions; live entertainment at venues like Old National Centre and Indianapolis Arts Garden; and the Indianapolis Motor Speedway are just some of the nearby attractions when renting in downtown Indianapolis.
In total, Downtown Indianapolis, Indianapolis, IN has 18,036 residents, 7,961 women and 10,075 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 31.
A favorite shopping destination when renting in downtown Indianapolis on West Maryland Street is the four-story Circle Centre Mall, which has a nine-screen movie theater. Apartment rentals are also near CVS; Walgreens; department stores like Anchor, Rink's Women's Apparel Store and T.J.Maxx; and boutiques like Collector's Den, Queen Bee Vintage, The Stamp Shop and Vintage Vogue by GW. Or, for large grocery stores, downtown Indianapolis renters have Kroger and Whole Foods. Other grocery stores are Needler's Fresh Market, Loaf + Vine Market, Skymart One, City Dogs Grocery and Market Street Produce. Otherwise, for the best restaurants in downtown Indianapolis, renters go to Harry and Izzy's; Clancy's; The Eagle; Liberty Street; Ralph's Great Divide; and Italian cuisine at Mimi Blue; X Chatterbox; Ball & Biscuit; and Hard Truth Hills.
There is a total of 9,393 households in Downtown Indianapolis, Indianapolis, IN. Of these, 509 have children and 8,884 are without children. Per Census Bureau’s most current estimates, 1,993 family households and 7,400 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.14 people, on average. The median household annual income in Downtown Indianapolis equals $61,082, and the monthly housing costs equal $1,320.
The apartments and houses for rent in downtown Indianapolis are next to interstates 65 and 70, which provide easy access throughout the Midwest. However, owning a car is not necessary when renting in Downtown Indianapolis. Alternatively, public transportation from IndyGo provides renters with 31 bus routes across Marion County. Namely, Bus Route 8 takes renters from downtown Indianapolis to Indianapolis Airport via I-70. The Red Line takes renters from Broad Ripple (six miles north of downtown Indianapolis) to the University of Indianapolis and also stops at Broad Ripple Farmers Market, Indiana State Fairgrounds, the Children's Museum of Indianapolis and Harrison Center for the Arts. Or, the Pacers Bike Share program has multiple bike stations to rent and return a bike throughout downtown Indianapolis. Finally, Uber and Lyft are the main ridesharing apps when renting in downtown Indianapolis.
According to data from the U.S. Census Bureau, 2% of the population in Downtown Indianapolis, Indianapolis, IN have no high school education, 25% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 35% hold a Bachelor Degree, and 20% hold a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Downtown Indianapolis, Indianapolis, IN. Easily search through a wide selection of apartments for rent in Downtown Indianapolis, 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 Downtown Indianapolis, Indianapolis, IN apartments with rents starting from $494 and submit your rental application today!
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.jpg?width=480&quality=90 "Staged living room")
.jpg?width=480&quality=90 "a kitchen with black countertops and wooden cabinets")
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.jpg?width=480&quality=90 "Interior decor")
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.jpg?width=480&quality=90 "Dining And Living Room")
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