Indianapolis, IN Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Indianapolis is $1,250, a 1.18% increase compared to the previous year, when the average rent was $1,235.
Studio Apartments at $986 offer the most budget-friendly option with 461 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 699 square feet for $1,125, balancing privacy and affordability.
Two-beedroom units at $1,314 offer 986 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,287 sq ft) for $1,555, suitable for larger households.
Average rent in Indianapolis, IN
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,250 | 880 sq. ft. |
| Studio | $986 | 461 sq. ft. |
| 1 Bed | $1,125 | 699 sq. ft. |
| 2 Beds | $1,314 | 986 sq. ft. |
| 3 Beds | $1,555 | 1,287 sq. ft. |
Indianapolis, IN rent trends
What's the typical rent budget in Indianapolis, IN?
The largest share of rentals in Indianapolis, IN (59%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Indianapolis, IN?
160,653 or 45% of the households in Indianapolis, IN are renter-occupied while 199,012 or 55% are owner-occupied.
Most affordable neighborhoods in Indianapolis?
Crown Hill $796/month
Meadows - Fall Creek $904/month
Carson Heights $916/month
All of these neighborhoods fall below the city wide average of $1,250/month.Most expensive neighborhoods in Indianapolis?
Chatham Arch and Mass Avenue $1,631/month
Sycamore Run $1,684/month
North Meridian $1,748/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Indianapolis, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Meridian | $1,748 |
| Sycamore Run | $1,684 |
| Chatham Arch and Mass Avenue | $1,631 |
| Clermont Lakes | $1,623 |
| Fountain Square | $1,597 |
| Meridian - Kessler | $1,596 |
| Herron - Morton Place | $1,587 |
| Fletcher Place | $1,581 |
| Wholesale District | $1,574 |
| The Canal and White River State Park | $1,525 |
| North Harrison Park | $1,521 |
| College Park | $1,492 |
| Cole Noble | $1,481 |
| Reagan Park | $1,439 |
| St. Joseph | $1,439 |
| Delaware Trails | $1,423 |
| Sherman Commons | $1,398 |
| Keystone at The Crossing | $1,396 |
| Broad Ripple | $1,396 |
| Valley Mills | $1,393 |
| Mapleton - Fall Creek | $1,387 |
| Chapel Hill | $1,361 |
| Summerfield Place | $1,349 |
| Castleton | $1,345 |
| Bayswater - Eagles Watch | $1,335 |
| Crooked Creek Heights | $1,290 |
| The Park at Buffalo Creek | $1,289 |
| North Willow | $1,285 |
| Allisonville | $1,278 |
| Shadow Wood South | $1,271 |
| Willow Lakes | $1,261 |
| Parkwood Terrace | $1,239 |
| Ivy Hills | $1,236 |
| Lake Maxinhall Estates | $1,218 |
| Eagle Cove | $1,206 |
| Mount Auburn | $1,190 |
| Liberty Creek | $1,171 |
| Westchester Estates | $1,167 |
| The Islands | $1,163 |
| Wedgewood | $1,158 |
| Speedway Woods | $1,150 |
| Mars Hill | $1,148 |
| Central Nora | $1,145 |
| Tempo North | $1,141 |
| I65 - South Emerson | $1,122 |
| Crooked Creek | $1,114 |
| Winchester Village | $1,099 |
| Otterbein | $1,077 |
| Devington | $1,072 |
| Eastbrooke Meadows | $1,071 |
| Sheffield Woods | $1,064 |
| New Augusta Woods | $1,060 |
| Deer Creek | $1,059 |
| Eagledale | $1,053 |
| Park Valley Estates | $1,044 |
| Watson's | $1,040 |
| North Perry | $1,033 |
| Arlington Woods | $1,010 |
| Irvington | $982 |
| Parc Estates | $982 |
| Carson Heights | $916 |
| Meadows - Fall Creek | $904 |
| Crown Hill | $796 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in Allisonville is 26% higher than in Arlington Woods
$1,278
Allisonville rent is 2% higher than Indianapolis average
Average Rent
$1,278
$1,010
Arlington Woods rent is 19% lower than Indianapolis average
Average Rent
$1,010
How Indianapolis Compares to Other Cities
| City | Average Rent |
|---|---|
| Indianapolis | $1,250 |
| Evansville | $1,024 |
| Bloomington | $1,595 |
| Fort Wayne | $1,126 |
| New Albany | $1,114 |
| Lafayette | $1,168 |
| Jeffersonville | $1,223 |
| Hammond | $1,224 |
| South Bend | $1,343 |
| Greenwood | $1,372 |
| West Lafayette | $1,861 |
| Carmel | $1,662 |
| Fishers | $1,653 |
| Noblesville | $1,542 |
| Lawrence, IN | $1,219 |
| Plainfield, IN | $1,564 |
| Brownsburg, IN | $1,654 |
| Avon, IN | $1,517 |
| Franklin, IN | $1,381 |
| Westfield, IN | $1,643 |
| Whitestown, IN | $1,689 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Indianapolis apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.