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Apartments for Rent in Indianapolis, IN under $500 – 17 Rentals available


Indianapolis, IN Demographics

  • Total Population864,447
  • Female 416,893
    Male 447,554
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, March 2021 $940 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70018%
  • $701-$1,00049%
  • $1,001-$1,50027%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021
Indianapolis, IN $818 $820 $839 $850 $857 $875 $887 $905 $915 $933 $940
National $1,315 $1,346 $1,355 $1,359 $1,356 $1,391 $1,398 $1,400 $1,390 $1,395 $1,407
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Indianapolis, IN Households

  • Total Number of Households338,208
  • Family 183,037
    Non-family 155,171
  • Children 93,309
    No Children 244,899
  • Average People Per Household2.51
  • Median Household Income$47,873
  • Median Housing Costs Per Month$923

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School37%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree19%
  • Graduate Degree9%