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Apartments for Rent in Downtown Indianapolis, Indianapolis, IN
415 Rentals Available

  • Top Rated for Location
    a kitchen with white cabinetry and black countertops at 7 Pointe Apartments, Indiana a bedroom with a large bed and a dresser with a mirror on it at 7 Pointe Apartments, Indiana
    4.0
    Today

    4724 Round Lake Rd, Indianapolis, IN 46205
    18 Units available
    1 BED $949+
    2 BEDS $1,089+
    3 BEDS $1,319
    Property reviews
    5/5 L. M. on Jul 6, 2023

    I love where i live its safe Pet friendly staff is great the atmosphere is lovely

    5/5 Anonymous on Jul 5, 2023

    So far so good.i have no problem living here.

  • Today

    6875 Faris Avenue, Indianapolis, IN 46226
    6 Units available
    1 BED $949
    2 BEDS $1,149
    Amenities
    • Air Conditioner
    • Dishwasher
    • Pool
    • Patio/Balcony
  • Resident Rated
    Rent Specials
    Renovated kitchen with stainless steel appliances and bright lights at CityView on Meridian, Indiana, 46208 Large master bedroom with wall to wall windows at CityView on Meridian, Indiana, 46208
    3.0
    Today

    3801 N. Meridian St, Indianapolis, IN 46208
    24 Units available
    1 BED $950+
    2 BEDS $1,669+
    3 BEDS $1,825+
    Property reviews
    3/5 Romulda on Apr 15, 2023

    Its a very nice experience to live there but the maintenance service is - o . Its been more than 3 months since i been asking to fixe my entrance closet and the ceiling of my bathroom . Until this day no body never show up to fixed them for me . Its like im living like a djonky inside my appartement while paying $1668 somethings $ 1721 every month. The staff in the office are so nice thats the only reason i stay quiet . Bit its not professional the way they handle the repair services .

  • Top Rated for Location
    a communal table with a shuffleboard and foosball table at 220 Meridian, Indianapolis, IN 46204 Luxury Bedroom at 220 Meridian, Indianapolis, IN 46204
    4.0
    Today

    220 N. Meridian St., Indianapolis, IN 46204
    26 Units available
    STUDIO $1,827+
    1 BED $1,922+
    2 BEDS $3,425+
    Property reviews
    4/5 Anonymous on Jan 27, 2024

    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.

  • Top Rated for Location
    Kitchen with a stove top oven next to a refrigerator at Summit at Keystone, Indianapolis Indiana Bedroom with a bed and a large window at Summit at Keystone, Indianapolis
    5.0
    Today

    6630 Glenbrook Drive, Indianapolis, IN 46220
    25 Units available
    1 BED $984+
    2 BEDS $997+
    3 BEDS Ask for Pricing
    Property reviews
    5/5 Anonymous on Apr 2, 2024

    Living here is like a breath of fresh air, parking is easily accessible, staff is welcoming and very helpful, workers out collecting any trash outside almost daily, friendly environment, wonderful and clean little park, all and all a great place to live.

    5/5 Anonymous on Oct 19, 2023

    Everything is going great so far. My move in was smooth. All my concerns where met.

  • Today

    3710 N Meridian St, Indianapolis, IN 46208
    STUDIO $629+
    1 BED $789+
    2 BEDS Ask for Pricing
  • Today

    5500 Pleasant Hill Circle, Indianapolis, IN 46224
    1 BED $865+
    2 BEDS $876+
    3 BEDS $1,187+
  • 1 day ago

    632MLK Apartments, Indianapolis, IN 46202
    STUDIO $1,176
    1 BED $1,250+
    2 BEDS $1,800
  • Today

    19 N. Oxford St., Indianapolis, IN 46201
    1 BED $525+
    2 BEDS $800
  • Today

    23 North Rural Street, Indianapolis, IN 46201
    STUDIO $619
    1 BED $505+
    2 BEDS $730
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  • Today

    57 N Rural St., Indianapolis, IN 46201
    3 BEDS $414
  • 1 day ago

    5719 Massachusetts Ave, Indianapolis, IN 46218
    1 BED $420+
    2 BEDS $460+
  • Today

    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $775+
    1 BED $830+
    2 BEDS $1,020+
  • Today

    3215 N Alton Ave, Indianapolis, IN 46222
    1 BED $723+
    2 BEDS $1,283+
    3 BEDS $1,186+
  • Today

    2638 Cold Spring Manor Dr, Indianapolis, IN 46222
    1 BED Ask for Pricing
    2 BEDS $936+
    3 BEDS Ask for Pricing
  • Today

    3810 Cooper Square Court, Indianapolis, IN 46205
    1 BED $693
    2 BEDS $1,078
    3 BEDS $662+
  • Too many options, too little time? Take a quiz and let us do the search for you
  • 1 day ago

    3821 Central Avenue, Indianapolis, IN 46205
    2 BEDS $1,295
  • 1 day ago

    The Delaware, Indianapolis, IN 46205
    STUDIO $1,115+
    1 BED $1,200+
    2 BEDS $1,500+
  • Today

    17 South Oxford Street, Indianapolis, IN 46201
    1 BED $595
    2 BEDS $575+
  • Today

    7747 Santa Monica Drive, Indianapolis, IN 46268
    1 BED $726+
    2 BEDS $1,005+
    3 BEDS $1,284+
  • Today

    3101 East 10Th Street, Indianapolis, IN 46201
    STUDIO $1,500
    1 BED $555
    2 BEDS $625+
  • Today

    5505 Scarlet Drive, Indianapolis, IN 46224
    STUDIO $703+
    1 BED $692+
    2 BEDS $1,306+
  • Interactive banner rent
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  • Today

    Passage, Indianapolis, IN 46202
    1 BED $1,194
    2 BEDS $1,407
    3 BEDS $1,834
  • Today

    240 N. Warman Ave., Indianapolis, IN 46222
    1 BED $725
    2 BEDS $1,033+
    3 BEDS $930+
  • Today

    1902 Parsons Drive, Indianapolis, IN 46224
    1 BED $710
    2 BEDS $997
    3 BEDS $1,365
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Popular searches Average rent Renters guide Demographics

Average rent in Downtown Indianapolis, Indianapolis, IN

$1,612/mo Downtown Indianapolis, Indianapolis, IN average rental price, March 2025
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,612.

    Downtown Indianapolis, Indianapolis, IN apartment rent ranges

    A share of 3% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 7% of rentals are in the most expensive price range of $2,001-$2,500. Around 47% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 38% of apartments with rents between $1,501-$2,000.

    Downtown Indianapolis, Indianapolis, IN rent trends

    Getting around in Downtown Indianapolis, IN

    83 /100
    67 /100
    Good Transit
    99 /100
    Biker's Paradise
    Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

    Frequently asked questions

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

    Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 28 Apr 2025.

    What are the best apartments in Downtown Indianapolis, Indianapolis, IN?

    The best apartments in Downtown Indianapolis, Indianapolis, IN are: 220 Meridian, The Vue, 26 West Apartments, The Ambassador at Library Square and The Plaza at Library Square.

    What is the average rent in Downtown Indianapolis, Indianapolis, IN?

    The average rent in Downtown Indianapolis, Indianapolis, IN is $1,550.

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

    The price range for a studio apartment in Downtown Indianapolis, Indianapolis, IN is between $1,151 and $5,074.

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

    The price range for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $989 and $4,090.

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

    The price range for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $1,250 and $9,733.

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

    The price range for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $1,650 and $5,624.

    What type of rental buildings are in Downtown Indianapolis, Indianapolis, IN?

    In Downtown Indianapolis 77% of the housing is rented out compared to 23% of homes are owned, according to the most recent Census Bureau estimates. 62% of Downtown Indianapolis’s apartments are found in large buildings of 50 units or more, 33% are located in smaller apartment complexes with less than 50 units, and 4% are single-family rentals.

    Living in Downtown Indianapolis, Indianapolis, IN

    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.

    Renting in Downtown Indianapolis, Indianapolis, IN

    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.

    Things for renting

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,036Total Population
    • 7,961 Female
      10,075 Male
    • 31Median Age

    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.

    Amenities in Downtown Indianapolis, Indianapolis, IN

    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.

    Downtown Indianapolis, Indianapolis, IN households

    • 1,993 Family
      7,400 Non-family
    • 509 Children
      8,884 No Children
    • 9,393Total Number of Households
    • 1.14Average People Per Household
    • $61,082Median Household Income

    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.

    Transportation in Downtown Indianapolis, Indianapolis, IN

    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.

    Downtown Indianapolis, Indianapolis, IN education statistics

    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 $414 and submit your rental application today!

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!