Indianapolis, IN Rental Market Trends
What is the average rent in Indianapolis?
The average rent for an apartment in Indianapolis is $1,055. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Indianapolis, IN
Average Rent | Average Apartment Size |
---|---|
$1,055 | 880 sq. ft. |
What is the average apartment size in Indianapolis?
The average size for a Indianapolis, IN apartment is 880 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Indianapolis, IN Apartment Rent Ranges
Indianapolis, IN Occupied Housing Units
155,986 or 45% of the households in Indianapolis, IN are renter-occupied while 186,839 or 54% are owner-occupied.
Indianapolis, IN Rent Trends
Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|
Indianapolis, IN | $850 | $857 | $875 | $887 | $905 | $915 | $933 | $940 | $979 | $1,020 | $1,055 |
National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |

Average Rent in Indianapolis, IN By Neighborhood
Neighborhood | Average Rent |
---|---|
North Meridian | $1,636 |
Wholesale District | $1,636 |
College Heights | $1,573 |
College Meadows | $1,573 |
Echo Crest | $1,573 |
Lexington Farms | $1,573 |
Northridge | $1,573 |
Orchard Park | $1,573 |
Sunrise on The Monon | $1,573 |
The Retreat | $1,573 |
Walden Pond | $1,573 |
Woodland | $1,573 |
Chatham Arch and Mass Avenue | $1,472 |
Cole Noble | $1,472 |
St. Joseph | $1,472 |
Fletcher Place | $1,450 |
A V Browns Arlington Manor | $1,384 |
Benjamin Square | $1,384 |
Boston Commons | $1,384 |
Lawrence Community Park | $1,384 |
Lawton Estates | $1,384 |
The Canal and White River State Park | $1,348 |
North Harrison Park | $1,338 |
Watson Farms | $1,338 |
Fall Creek and 16th Street Park | $1,315 |
Herron - Morton Place | $1,315 |
Indiana Avenue and IUPUI | $1,315 |
Lockerbie Square | $1,315 |
Ransom Place | $1,315 |
The Old Northside | $1,315 |
Cottage Home | $1,285 |
Holy Cross | $1,285 |
Irish Hills | $1,285 |
Windsor Park | $1,285 |
Meridian - Highland | $1,268 |
Riverside | $1,268 |
Hillside | $1,268 |
Chesterton | $1,247 |
Hamilton Heights | $1,247 |
Keystone at The Crossing | $1,247 |
Admiral's Cove | $1,233 |
Admiral's Landing | $1,233 |
Bay Ridge | $1,233 |
Boulders at Geist | $1,233 |
Bradford | $1,233 |
Carraro Estates | $1,233 |
Chesapeake | $1,233 |
Cobblestone at Geist | $1,233 |
Crossing South | $1,233 |
Crystal Pointe | $1,233 |
Deer Ridge | $1,233 |
Eagle Pines at Trittip Farms | $1,233 |
Echo Pointe | $1,233 |
Edgewater Terrace | $1,233 |
Feather Cove | $1,233 |
Fountain Springs | $1,233 |
Fox Pointe | $1,233 |
Geist Valley Estates | $1,233 |
Glen Cove | $1,233 |
Harrison Ridge | $1,233 |
Hidden Creek at Geist | $1,233 |
Hidden Oak | $1,233 |
Indian Lake | $1,233 |
Indian Pointe | $1,233 |
Kensington Commons | $1,233 |
Kensington Farms | $1,233 |
La Pintas | $1,233 |
Lawrence Woods | $1,233 |
McCord's Crossing | $1,233 |
Oakland Hills at Geist | $1,233 |
Oakland Woods | $1,233 |
Oaklandon Point | $1,233 |
Pebblebrook at Geist | $1,233 |
Persimmon | $1,233 |
Preserve at Indian Lake | $1,233 |
Rainbow Highlands | $1,233 |
Ridge Creek | $1,233 |
River Oaks at Geist | $1,233 |
Seven Oaks at Geist | $1,233 |
St. Claire Place | $1,233 |
Sunnybrooke | $1,233 |
Sunset Cove | $1,233 |
The Highlands at Geist | $1,233 |
The North Woods at Geist | $1,233 |
The Woods at Indian Lake | $1,233 |
Timber Ridge | $1,233 |
Reagan Park | $1,231 |
Central Nora | $1,192 |
Driftwood Hills | $1,192 |
Glendale Terrace | $1,192 |
Lake Clearwater | $1,192 |
Northern Hills | $1,192 |
Sherwood Forest | $1,192 |
Sylvan Ridge | $1,192 |
Ravenswood | $1,188 |
Windcombe | $1,188 |
Bayview | $1,185 |
Ivy Hills | $1,185 |
Allisonville | $1,185 |
Devonshire | $1,185 |
Arden | $1,184 |
Avalon Hills | $1,184 |
Broad Ripple | $1,184 |
Brockton | $1,184 |
Canterbury | $1,184 |
Fall Creek Manor | $1,184 |
Forest Hills | $1,184 |
Glendale | $1,184 |
Kessler Commons | $1,184 |
North Kessler Manor | $1,184 |
Oxbow Estates | $1,184 |
Rolling Ridge | $1,184 |
Warfleigh | $1,184 |
Addison Meadows | $1,165 |
Atkinson | $1,165 |
Bates - Hendricks | $1,165 |
Bean Creek | $1,165 |
Beechcrest | $1,165 |
Bethel | $1,165 |
Canby Park | $1,165 |
Caven and Rockwood | $1,165 |
Finch Park | $1,165 |
Fountain Square | $1,165 |
Fountain Square South | $1,165 |
Franklin Gardens | $1,165 |
Garfield Park | $1,165 |
Meyers | $1,165 |
Norwood Place | $1,165 |
Red Maple Grove | $1,165 |
Sunnyview | $1,165 |
Woodland Trails | $1,165 |
Arapaho Ridge | $1,150 |
Arrowhead at Southern Dunes | $1,150 |
Bayberry Village | $1,150 |
Bluff View Meadows | $1,150 |
Buck Creek Village | $1,150 |
Cedar Park | $1,150 |
Cheyenne Lakes at Southern Dunes | $1,150 |
Chimney Heights | $1,150 |
Copperwood at Wellingshire | $1,150 |
Creekbend | $1,150 |
Deerfield Village | $1,150 |
Foothill Farms | $1,150 |
Governors Pointe | $1,150 |
Harness Lake | $1,150 |
Huddleston Estates | $1,150 |
Hudson Bay | $1,150 |
Jensen Garden Heights | $1,150 |
Killarney Hill at Murphy's Landing | $1,150 |
Lighthouse Landing | $1,150 |
Maple Grove Estates | $1,150 |
Meridian Meadows | $1,150 |
Meridian Woods Park | $1,150 |
Monteo Village | $1,150 |
Park View at Wellingshire | $1,150 |
Parke Place | $1,150 |
Penn Park | $1,150 |
Perry Commons | $1,150 |
Plantation Meadows | $1,150 |
Rahkewood | $1,150 |
Ridge Hills Trails | $1,150 |
Ritchling Acres | $1,150 |
Shannon Lakes | $1,150 |
Sonesta | $1,150 |
Southern Dunes | $1,150 |
Southern Oaks | $1,150 |
Southwinds Court | $1,150 |
Southwinds Villas | $1,150 |
Springbrook | $1,150 |
Sunshine Gardens | $1,150 |
The Arbors on Bluff | $1,150 |
The Depot | $1,150 |
The Villages of Cobblestone | $1,150 |
Valley Ridge Farms | $1,150 |
Wichita Hill at Southern Dunes | $1,150 |
Ashton | $1,147 |
Clermont Lakes | $1,147 |
Coronado Estates | $1,147 |
Green Braes | $1,147 |
Hendricks Heights | $1,147 |
Highlands at Eagle Crossing | $1,147 |
Lakeland Manor | $1,147 |
Links at Eagle Creek | $1,147 |
Meadows at Eagle Crossing | $1,147 |
Persimmon Grove | $1,147 |
Shiloh Creek | $1,147 |
Sunningdale Commons | $1,147 |
The Estates of Wynbrooke | $1,147 |
Timberview at Eagle Creek | $1,147 |
Williamsburg Villages | $1,147 |
Wilson's Pinecrest | $1,147 |
Woodacre | $1,147 |
Wynbrooke | $1,147 |
Churchman Estates | $1,136 |
Cooper Grove | $1,136 |
Lake Maxinhall Estates | $1,135 |
Meridian - Kessler | $1,135 |
Amber Ridge | $1,131 |
Buch Creek Woods | $1,131 |
Franklin Parke Estates | $1,131 |
Greenbrooke | $1,131 |
Holly Hills | $1,131 |
I65 - South Emerson | $1,131 |
Mcfarland Farms | $1,131 |
Muirfield | $1,131 |
Richmond Hill | $1,131 |
Southern Lakes | $1,131 |
Southern Ridge | $1,131 |
Southern Springs | $1,131 |
Southern Trails | $1,131 |
Southport Green | $1,131 |
Sycamore Run | $1,131 |
Thompson Park | $1,131 |
Timbers | $1,131 |
Waters Edge at Cummins Farm | $1,131 |
Beechler Estates | $1,130 |
Castleton | $1,130 |
Broadmoor | $1,124 |
Candlelite Village | $1,124 |
Falcon Lakes | $1,124 |
Fox Hill Estates | $1,124 |
Highland - Kessler | $1,124 |
Morningside | $1,124 |
Northern Estates | $1,124 |
Robertson Village | $1,124 |
Saddlebrook | $1,124 |
Saddlebrook South | $1,124 |
Wolfington on Kessler Blvd | $1,124 |
Glenroy Village | $1,119 |
College Commons | $1,109 |
Pennsylvania Heights | $1,109 |
Fall Creek Highlands | $1,093 |
Trilobi Hills | $1,093 |
Harrison Run | $1,083 |
Adler Grove | $1,070 |
Ashland | $1,070 |
Belle Arbor | $1,070 |
Big Run | $1,070 |
Brookfield Place | $1,070 |
Burge Terrace | $1,070 |
Charle Sumac Estates | $1,070 |
Chessington Grove | $1,070 |
College Corner | $1,070 |
Five Points Maple Grove | $1,070 |
Fox Hollow | $1,070 |
Franklin Place | $1,070 |
Franklin Shire | $1,070 |
Glen Ridge | $1,070 |
Greythorne | $1,070 |
Hanover | $1,070 |
Hanover North | $1,070 |
Hunters Crossing | $1,070 |
Irongate | $1,070 |
Latonia | $1,070 |
Marlin Meadows | $1,070 |
Mayfair Village | $1,070 |
Raymond Park | $1,070 |
Stable Chase Estates | $1,070 |
Suncrest | $1,070 |
The Woods at Grassy Creek | $1,070 |
Treyburn Lakes | $1,070 |
Van Arsdel | $1,070 |
Village at New Bethel | $1,070 |
Wanamaker Village | $1,070 |
Whispering Pines | $1,070 |
Wildcat Run | $1,070 |
Willow Lakes | $1,070 |
Wolf Run | $1,070 |
Charlevoix Lake | $1,064 |
Lake Kesslerwood | $1,064 |
Millersville | $1,064 |
Bartholomews | $1,053 |
Canby Home Place | $1,053 |
Christian Park | $1,053 |
Forest View Estates | $1,045 |
Spring Mill Heights | $1,045 |
The Admirals | $1,040 |
Cedar Knolls | $1,038 |
Delaware Trails | $1,038 |
Greenbriar | $1,038 |
North Willow | $1,038 |
Northbrook | $1,038 |
Park Meridian | $1,038 |
Pickwick Commons | $1,038 |
Spring Mill Estates | $1,038 |
Spring Mill Ridge | $1,038 |
Spring Mill Woods | $1,038 |
Sunset Heights | $1,038 |
Williston Green | $1,038 |
Chapel Glen | $1,038 |
Country Club Place | $1,038 |
Tremont Gardens | $1,038 |
Windham Lake | $1,038 |
Woodpointe | $1,038 |
Crooked Creek | $1,031 |
Westchester Estates | $1,025 |
Aspen Ridge | $1,024 |
Chapel Hill | $1,024 |
Country Village | $1,024 |
Eagle Valley | $1,024 |
Farleys Speedway Homeplace | $1,024 |
Summerfield Place | $1,024 |
Summerfield South | $1,024 |
The Islands | $1,024 |
Twin Oaks | $1,024 |
Waterwood at Eagle Creek | $1,024 |
Westridge Village | $1,024 |
Westwood | $1,024 |
Beamreach | $1,023 |
Bridgewater | $1,023 |
Brunson Acres | $1,023 |
Castillia | $1,023 |
Castle Ridge | $1,023 |
Castleton Estates | $1,023 |
Castleton Farms | $1,023 |
Copperfield | $1,023 |
Eagle Nest | $1,023 |
East Avalon Hills | $1,023 |
Fairwood Hills | $1,023 |
Hamptons at Geist | $1,023 |
Harbour Pines | $1,023 |
Hunters Glen | $1,023 |
Lantern Hills | $1,023 |
Masthead | $1,023 |
Pine Ridge Estates | $1,023 |
Sargent Creek | $1,023 |
Scarborough Village | $1,023 |
The Moorings | $1,023 |
The Villages | $1,023 |
Woods Edge | $1,023 |
Yorkshire | $1,023 |
Keystone Manor | $1,016 |
Butler - Tarkington | $1,012 |
Crown Hill | $1,012 |
Golden Hill | $1,012 |
United Northwest | $1,012 |
Augusta Green | $1,003 |
College Park | $1,003 |
Crooked Creek Heights | $1,003 |
Crooked Creek Villages | $1,003 |
Fieldstone and Brookstone | $1,003 |
Georgetown Crossing | $1,003 |
New Augusta | $1,003 |
New Augusta Woods | $1,003 |
Park 100 | $1,003 |
Meridian Park | $1,003 |
Bellaire | $998 |
Crosstown | $998 |
Fairgrounds | $998 |
Fall Creek Place | $998 |
Friends and Neighbors | $998 |
Mapleton - Fall Creek | $998 |
Decatur Ridge | $990 |
Huntington Park | $990 |
Valley Mills | $990 |
West Newton | $990 |
Fort Harrison State Park | $989 |
Mars Hill | $989 |
Maywood | $989 |
Ameriplex | $988 |
Bailey Highlands | $988 |
Biltmore Gardens | $988 |
Cloverleaf Farms | $988 |
Drexel Gardens | $988 |
Fairview Station | $988 |
Fleming Garden Place | $988 |
Glennwoods | $988 |
Heatherwood Estates | $988 |
Indianapolis Airport | $988 |
Linhurst | $988 |
Lookout Gardens | $988 |
Morris Park | $988 |
New Heritage | $988 |
Park Fletcher | $988 |
Shadow Wood South | $988 |
Shenandoah | $988 |
Sterling Heights | $988 |
Sungate | $988 |
Sunset Park | $988 |
Victoria Woods | $988 |
Williamsburg | $988 |
Parc Estates | $975 |
Carson Heights | $958 |
Perry Manor | $958 |
Indianapolis Heights | $953 |
Meadows - Fall Creek | $951 |
Falender's Meadowood | $947 |
Homewood Park West | $947 |
Mount Auburn | $947 |
Speedway Woods | $947 |
Bay Landing | $943 |
Eagles Landing | $943 |
Traders Cove on the Lake | $943 |
Allen and Sellers | $943 |
Atwell Acres | $943 |
Bechtold | $943 |
Brendon Park | $943 |
Brendonridge | $943 |
Brendonwood | $943 |
Brookside Park | $943 |
Devington | $943 |
Devon | $943 |
Fall Creek Heights | $943 |
Farmington Lakes | $943 |
Franklin Heights | $943 |
Franklin Trails Estates | $943 |
Green Acres | $943 |
Harrison Park | $943 |
Henry Seller's to Lawrence | $943 |
Hy-View Meadows | $943 |
Imperial Gardens | $943 |
Lawrence Manor | $943 |
Lawrence Park | $943 |
Lawrence Terrace | $943 |
Morrow Wood | $943 |
North Lawrence Park | $943 |
Pope Place | $943 |
Records | $943 |
Rosedale Park | $943 |
Shadeland | $943 |
Shadeland Park | $943 |
The Arbor's | $943 |
Waddy's | $943 |
Wallingwood | $943 |
White | $943 |
Wilmington Park | $943 |
Windridge | $943 |
Eagledale | $936 |
Thatcher Park | $936 |
Shelton Heights | $931 |
Forest Manor | $929 |
Belmont | $928 |
Cedar Spring | $926 |
Creekside Woods | $926 |
Springs of Hamptons | $926 |
Ballinshire Estates | $925 |
Bayswater - Eagles Watch | $925 |
Cobblestone | $925 |
Coventry Woods | $925 |
Deer Creek | $925 |
Eagle Cove | $925 |
Eagle Creek Park | $925 |
Eagle Creek Woods | $925 |
Eagle Springs | $925 |
Eagle Trace Village | $925 |
Gateway West | $925 |
Guion Creek Woods | $925 |
Guion Lakes | $925 |
Hidden Bay | $925 |
Lafayette Square | $925 |
Lakeside Manor | $925 |
Liberty Creek | $925 |
Oakforge Woods | $925 |
The Highlands | $925 |
The Trees | $925 |
The Willows | $925 |
Wedgewood | $925 |
Whitehall Commons | $925 |
Hill Valley Estates | $924 |
Hoss South Meridian Highlands | $924 |
North Perry | $924 |
Orchard Park | $924 |
Southcreek | $924 |
Southern Hills | $924 |
Creston | $896 |
Fairfax | $896 |
Haughville | $896 |
Hawthorne | $896 |
Marian - Cold Springs | $896 |
Rainbow Ridge | $896 |
Stringtown | $896 |
Bradford Trace | $895 |
Brookwood Crossing | $895 |
Cumberland Estates | $895 |
Cumberland Lakes | $895 |
Easton | $895 |
Grassy Village | $895 |
Hathaway Homes | $895 |
Heather Hills | $895 |
North German Church Woods | $895 |
Park Valley Estates | $895 |
Parkwood Terrace | $895 |
Rosswood | $895 |
Sheffield Woods | $895 |
Valley Creek | $895 |
Warren Lakes | $895 |
Woodsong | $895 |
Arlington Woods | $886 |
South Harrison Park | $883 |
North Eastwood | $880 |
Bantas Southwood | $878 |
Briarstone Villas | $878 |
Carriage Estates | $878 |
Carson Square | $878 |
Craigwoods | $878 |
Edgewood | $878 |
Forrest Commons | $878 |
Grandview Acres | $878 |
Holly Heights | $878 |
Lancastershire | $878 |
Laura Templetons | $878 |
Lindenwood | $878 |
Lucas Place | $878 |
Rosedale Hills | $878 |
Rosewood | $878 |
Sherman Commons | $878 |
Southdowns | $878 |
Southgate Farms | $878 |
The Park at Buffalo Creek | $878 |
Twin Brooks | $878 |
University Heights | $878 |
Walnut Farms | $878 |
West Edgewood | $878 |
Whalen's Fairhope | $878 |
Winchester Village | $878 |
Glicks East 38th St | $874 |
Watson's | $874 |
Irvington | $852 |
Trinity Manor | $850 |
Oaklandon | $812 |
Wynfield | $812 |
Bells Run | $784 |
Cherry Lake | $784 |
Deer Run | $784 |
Eastbrooke Meadows | $784 |
Glick's East 42nd St | $784 |
Mills and Hauser | $784 |
Orchard Valley Farms | $784 |
Pine Hill Estates | $784 |
Rose Haven | $784 |
Royal Oaks | $784 |
The Parks at Winding Ridge | $784 |
The Roses of Lawrence | $784 |
Traditions | $784 |
Warren Woods | $784 |
Winding Ridge | $784 |
Bullman Home Place | $781 |
East Gate | $781 |
Eastwood | $781 |
Elders Washington Place Heights | $781 |
Irving Ridge | $781 |
Shadeland Manor | $781 |
Tempo | $781 |
Tempo North | $781 |
Trinity Estates | $781 |
Windsor Village | $781 |
Arlington Heights | $780 |
Audubon Gardens | $776 |
Brookside Sunny Grove | $776 |
Martindale - Brightwood | $776 |
North Brookside Park | $776 |
Oakhill | $776 |
Otterbein | $776 |
Sangster Harrison | $776 |
Brookside | $765 |
Spades Park | $765 |
Bosart - Brown | $747 |
Emerson Heights | $747 |
Englewood | $747 |
Forest Park | $747 |
Grace Tuxedo | $747 |
Little Flower | $747 |
Rivoli Park | $747 |
Springdale | $747 |
St. Clair Place | $747 |
State Square | $747 |
TEAR United | $747 |
Willard Park | $747 |
Woodruff Place | $747 |
What are the most affordable neighborhoods in Indianapolis?
The most affordable neighborhoods in Indianapolis are Bosart - Brown, where the average rent goes for $747/month, Emerson Heights, where renters pay $747/mo on average, and Englewood, where the average rent goes for $747/mo. If you’re looking for other great deals, check out the listings from Forest Park ($747), Grace Tuxedo ($747), and Little Flower ($747), where the asking prices are below the average Indianapolis rent of $1,055/mo.
What are the most expensive neighborhoods in Indianapolis?
The most expensive neighborhoods in Indianapolis are Woodland ($1,573), North Meridian ($1,636) and Wholesale District ($1,636).
What are the most popular neighborhoods in Indianapolis?
The most popular neighborhood in Indianapolis is Eagledale, where there are 12 verified RentCafe listings with an average rent of $936. Next up is Valley Mills, where apartments go for $990/month, followed by Crooked Creek with $1,031 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Liberty Creek, where renters pay $925 on average, and Devington, where the average monthly rent is $943.
Indianapolis | Rent Comparison by Neighborhood
Rent in A V Browns Arlington Manor is 19% higher than in Addison Meadows
A V Browns Arlington Manor rent is 31% higher than Indianapolis average
Average Rent | $1,384 |
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Addison Meadows rent is 10% higher than Indianapolis average
Average Rent | $1,165 |
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How Indianapolis Compares to Other Cities
City | Average Rent |
---|---|
Indianapolis | $1,055 |
Greenwood | $1,094 |
Fort Wayne | $980 |
Bloomington | $1,217 |
Lafayette | $896 |
South Bend | $1,151 |
Fishers | $1,399 |
Franklin | $947 |
Noblesville | $1,281 |
Carmel | $1,455 |
Lawrence | $914 |
Avon | $1,369 |
Plainfield | $1,313 |
Greenfield | $988 |
Camby | $1,189 |
Westfield | $1,452 |
Anderson | $857 |
Brownsburg | $1,332 |
McCordsville | $1,097 |
Shelbyville | $887 |
Cumberland | $895 |