Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Indianapolis, IN Rental Market Trends
Highlights
The average rent for an apartment in Indianapolis is $902, a 5% increase compared to the previous year.
Average Rent in Indianapolis, IN
Last updated February 2020
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $902 | 5% | 880 sq. ft. |
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
- < $5001%
- $501-$70024%
- $701-$1,00051%
- $1,001-$1,50020%
- $1,501-$2,0003%
- > $2,0001%
Indianapolis, IN Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
150,877 or 44% of the households in Indianapolis, IN are renter-occupied while 184,496 or 55% are owner-occupied.
Indianapolis, IN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indianapolis, IN | $789 | $798 | $810 | $818 | $820 | $839 | $850 | $857 | $875 | $887 | $902 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
/
Average Rent in Indianapolis, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodruff Place | $594 |
| Willard Park | $594 |
| TEAR United | $594 |
| State Square | $594 |
| St. Clair Place | $594 |
| Springdale | $594 |
| Rivoli Park | $594 |
| Little Flower | $594 |
| Grace Tuxedo | $594 |
| Forest Park | $594 |
| Englewood | $594 |
| Emerson Heights | $594 |
| Bosart - Brown | $594 |
| Spades Park | $623 |
| Brookside | $623 |
| Sangster Harrison | $637 |
| Otterbein | $637 |
| Oakhill | $637 |
| North Brookside Park | $637 |
| Martindale - Brightwood | $637 |
| Brookside Sunny Grove | $637 |
| Audubon Gardens | $637 |
| Winding Ridge | $661 |
| Warren Woods | $661 |
| Traditions | $661 |
| The Roses of Lawrence | $661 |
| The Parks at Winding Ridge | $661 |
| Royal Oaks | $661 |
| Rose Haven | $661 |
| Pine Hill Estates | $661 |
| Orchard Valley Farms | $661 |
| Mills and Hauser | $661 |
| Glick's East 42nd St | $661 |
| Eastbrooke Meadows | $661 |
| Deer Run | $661 |
| Cherry Lake | $661 |
| Bells Run | $661 |
| Arlington Heights | $678 |
| Wynfield | $689 |
| Oaklandon | $689 |
| Windsor Village | $689 |
| Trinity Estates | $689 |
| Tempo North | $689 |
| Tempo | $689 |
| Shadeland Manor | $689 |
| Irving Ridge | $689 |
| Elders Washington Place Heights | $689 |
| Eastwood | $689 |
| East Gate | $689 |
| Bullman Home Place | $689 |
| Trinity Manor | $722 |
| Irvington | $728 |
| Watson's | $731 |
| Glicks East 38th St | $731 |
| North Eastwood | $734 |
| Woodsong | $744 |
| Warren Lakes | $744 |
| Valley Creek | $744 |
| Sheffield Woods | $744 |
| Rosswood | $744 |
| Parkwood Terrace | $744 |
| Park Valley Estates | $744 |
| North German Church Woods | $744 |
| Heather Hills | $744 |
| Hathaway Homes | $744 |
| Grassy Village | $744 |
| Easton | $744 |
| Cumberland Lakes | $744 |
| Cumberland Estates | $744 |
| Brookwood Crossing | $744 |
| Bradford Trace | $744 |
| Arlington Woods | $746 |
| South Harrison Park | $755 |
| Speedway Woods | $761 |
| Mount Auburn | $761 |
| Homewood Park West | $761 |
| Falender's Meadowood | $761 |
| Springs of Hamptons | $763 |
| Creekside Woods | $763 |
| Cedar Spring | $763 |
| Forest Manor | $769 |
| Indianapolis Heights | $770 |
| Thatcher Park | $772 |
| Eagledale | $772 |
| Winchester Village | $778 |
| Whalen's Fairhope | $778 |
| West Edgewood | $778 |
| Walnut Farms | $778 |
| University Heights | $778 |
| Twin Brooks | $778 |
| The Park at Buffalo Creek | $778 |
| Southgate Farms | $778 |
| Southdowns | $778 |
| Sherman Commons | $778 |
| Rosewood | $778 |
| Rosedale Hills | $778 |
| Lucas Place | $778 |
| Lindenwood | $778 |
| Laura Templetons | $778 |
| Lancastershire | $778 |
| Holly Heights | $778 |
| Grandview Acres | $778 |
| Forrest Commons | $778 |
| Edgewood | $778 |
| Craigwoods | $778 |
| Carson Square | $778 |
| Carriage Estates | $778 |
| Briarstone Villas | $778 |
| Bantas Southwood | $778 |
| Meadows - Fall Creek | $783 |
| Windridge | $784 |
| Wilmington Park | $784 |
| White | $784 |
| Wallingwood | $784 |
| Waddy's | $784 |
| The Arbor's | $784 |
| Shadeland Park | $784 |
| Shadeland | $784 |
| Rosedale Park | $784 |
| Records | $784 |
| Pope Place | $784 |
| North Lawrence Park | $784 |
| Morrow Wood | $784 |
| Lawrence Terrace | $784 |
| Lawrence Park | $784 |
| Lawrence Manor | $784 |
| Imperial Gardens | $784 |
| Hy-View Meadows | $784 |
| Henry Seller's to Lawrence | $784 |
| Harrison Park | $784 |
| Green Acres | $784 |
| Franklin Trails Estates | $784 |
| Franklin Heights | $784 |
| Farmington Lakes | $784 |
| Fall Creek Heights | $784 |
| Devon | $784 |
| Devington | $784 |
| Brookside Park | $784 |
| Brendonwood | $784 |
| Brendonridge | $784 |
| Brendon Park | $784 |
| Bechtold | $784 |
| Atwell Acres | $784 |
| Allen and Sellers | $784 |
| Parc Estates | $789 |
| Whitehall Commons | $792 |
| Wedgewood | $792 |
| The Willows | $792 |
| The Trees | $792 |
| The Highlands | $792 |
| Oakforge Woods | $792 |
| Liberty Creek | $792 |
| Lakeside Manor | $792 |
| Lafayette Square | $792 |
| Hidden Bay | $792 |
| Guion Lakes | $792 |
| Guion Creek Woods | $792 |
| Gateway West | $792 |
| Eagle Trace Village | $792 |
| Eagle Springs | $792 |
| Eagle Creek Woods | $792 |
| Eagle Creek Park | $792 |
| Eagle Cove | $792 |
| Deer Creek | $792 |
| Coventry Woods | $792 |
| Cobblestone | $792 |
| Bayswater - Eagles Watch | $792 |
| Ballinshire Estates | $792 |
| Southern Hills | $804 |
| Southcreek | $804 |
| Orchard Park | $804 |
| North Perry | $804 |
| Hoss South Meridian Highlands | $804 |
| Hill Valley Estates | $804 |
| Traders Cove on the Lake | $809 |
| Eagles Landing | $809 |
| Bay Landing | $809 |
| Stringtown | $812 |
| Rainbow Ridge | $812 |
| Marian - Cold Springs | $812 |
| Hawthorne | $812 |
| Haughville | $812 |
| Fairfax | $812 |
| Creston | $812 |
| Shelton Heights | $817 |
| Perry Manor | $824 |
| Carson Heights | $824 |
| Williamsburg | $825 |
| Victoria Woods | $825 |
| Sunset Park | $825 |
| Sungate | $825 |
| Sterling Heights | $825 |
| Shenandoah | $825 |
| Shadow Wood South | $825 |
| Park Fletcher | $825 |
| New Heritage | $825 |
| Morris Park | $825 |
| Lookout Gardens | $825 |
| Linhurst | $825 |
| Indianapolis Airport | $825 |
| Heatherwood Estates | $825 |
| Glennwoods | $825 |
| Fleming Garden Place | $825 |
| Fairview Station | $825 |
| Drexel Gardens | $825 |
| Cloverleaf Farms | $825 |
| Biltmore Gardens | $825 |
| Bailey Highlands | $825 |
| Ameriplex | $825 |
| Fort Harrison State Park | $829 |
| Mapleton - Fall Creek | $830 |
| Friends and Neighbors | $830 |
| Fall Creek Place | $830 |
| Fairgrounds | $830 |
| Crosstown | $830 |
| Bellaire | $830 |
| Keystone Manor | $835 |
| Westwood | $838 |
| Westridge Village | $838 |
| Waterwood at Eagle Creek | $838 |
| Twin Oaks | $838 |
| The Islands | $838 |
| Summerfield South | $838 |
| Summerfield Place | $838 |
| Farleys Speedway Homeplace | $838 |
| Eagle Valley | $838 |
| Country Village | $838 |
| Chapel Hill | $838 |
| Aspen Ridge | $838 |
| Belmont | $840 |
| Wolf Run | $848 |
| Willow Lakes | $848 |
| Wildcat Run | $848 |
| Whispering Pines | $848 |
| Wanamaker Village | $848 |
| Village at New Bethel | $848 |
| Van Arsdel | $848 |
| Treyburn Lakes | $848 |
| The Woods at Grassy Creek | $848 |
| Suncrest | $848 |
| Stable Chase Estates | $848 |
| Raymond Park | $848 |
| Mayfair Village | $848 |
| Marlin Meadows | $848 |
| Latonia | $848 |
| Irongate | $848 |
| Hunters Crossing | $848 |
| Hanover North | $848 |
| Hanover | $848 |
| Greythorne | $848 |
| Glen Ridge | $848 |
| Franklin Shire | $848 |
| Franklin Place | $848 |
| Fox Hollow | $848 |
| Five Points Maple Grove | $848 |
| College Corner | $848 |
| Chessington Grove | $848 |
| Charle Sumac Estates | $848 |
| Burge Terrace | $848 |
| Brookfield Place | $848 |
| Big Run | $848 |
| Belle Arbor | $848 |
| Ashland | $848 |
| Adler Grove | $848 |
| Meridian Park | $849 |
| Maywood | $854 |
| Mars Hill | $854 |
| Woodpointe | $855 |
| Windham Lake | $855 |
| Tremont Gardens | $855 |
| Country Club Place | $855 |
| Chapel Glen | $855 |
| Yorkshire | $862 |
| Woods Edge | $862 |
| The Villages | $862 |
| The Moorings | $862 |
| Scarborough Village | $862 |
| Sargent Creek | $862 |
| Pine Ridge Estates | $862 |
| Masthead | $862 |
| Lantern Hills | $862 |
| Hunters Glen | $862 |
| Harbour Pines | $862 |
| Hamptons at Geist | $862 |
| Fairwood Hills | $862 |
| East Avalon Hills | $862 |
| Eagle Nest | $862 |
| Copperfield | $862 |
| Castleton Farms | $862 |
| Castleton Estates | $862 |
| Castle Ridge | $862 |
| Castillia | $862 |
| Brunson Acres | $862 |
| Bridgewater | $862 |
| Beamreach | $862 |
| Park 100 | $869 |
| New Augusta Woods | $869 |
| New Augusta | $869 |
| Georgetown Crossing | $869 |
| Fieldstone and Brookstone | $869 |
| Crooked Creek Villages | $869 |
| Crooked Creek Heights | $869 |
| College Park | $869 |
| Augusta Green | $869 |
| Westchester Estates | $872 |
| Williston Green | $873 |
| Sunset Heights | $873 |
| Spring Mill Woods | $873 |
| Spring Mill Ridge | $873 |
| Spring Mill Estates | $873 |
| Pickwick Commons | $873 |
| Park Meridian | $873 |
| Northbrook | $873 |
| North Willow | $873 |
| Greenbriar | $873 |
| Delaware Trails | $873 |
| Cedar Knolls | $873 |
| Crooked Creek | $875 |
| Spring Mill Heights | $878 |
| Forest View Estates | $878 |
| The Admirals | $881 |
| West Newton | $882 |
| Valley Mills | $882 |
| Huntington Park | $882 |
| Decatur Ridge | $882 |
| United Northwest | $887 |
| Golden Hill | $887 |
| Crown Hill | $887 |
| Butler - Tarkington | $887 |
| Millersville | $893 |
| Lake Kesslerwood | $893 |
| Charlevoix Lake | $893 |
| Harrison Run | $921 |
| Waters Edge at Cummins Farm | $925 |
| Timbers | $925 |
| Thompson Park | $925 |
| Sycamore Run | $925 |
| Southport Green | $925 |
| Southern Trails | $925 |
| Southern Springs | $925 |
| Southern Ridge | $925 |
| Southern Lakes | $925 |
| Richmond Hill | $925 |
| Muirfield | $925 |
| Mcfarland Farms | $925 |
| I65 - South Emerson | $925 |
| Holly Hills | $925 |
| Greenbrooke | $925 |
| Franklin Parke Estates | $925 |
| Buch Creek Woods | $925 |
| Amber Ridge | $925 |
| Wichita Hill at Southern Dunes | $933 |
| Valley Ridge Farms | $933 |
| The Villages of Cobblestone | $933 |
| The Depot | $933 |
| The Arbors on Bluff | $933 |
| Sunshine Gardens | $933 |
| Springbrook | $933 |
| Southwinds Villas | $933 |
| Southwinds Court | $933 |
| Southern Oaks | $933 |
| Southern Dunes | $933 |
| Sonesta | $933 |
| Shannon Lakes | $933 |
| Ritchling Acres | $933 |
| Ridge Hills Trails | $933 |
| Rahkewood | $933 |
| Plantation Meadows | $933 |
| Perry Commons | $933 |
| Penn Park | $933 |
| Parke Place | $933 |
| Park View at Wellingshire | $933 |
| Monteo Village | $933 |
| Meridian Woods Park | $933 |
| Meridian Meadows | $933 |
| Maple Grove Estates | $933 |
| Lighthouse Landing | $933 |
| Killarney Hill at Murphy's Landing | $933 |
| Jensen Garden Heights | $933 |
| Hudson Bay | $933 |
| Huddleston Estates | $933 |
| Harness Lake | $933 |
| Governors Pointe | $933 |
| Foothill Farms | $933 |
| Deerfield Village | $933 |
| Creekbend | $933 |
| Copperwood at Wellingshire | $933 |
| Chimney Heights | $933 |
| Cheyenne Lakes at Southern Dunes | $933 |
| Cedar Park | $933 |
| Buck Creek Village | $933 |
| Bluff View Meadows | $933 |
| Bayberry Village | $933 |
| Arrowhead at Southern Dunes | $933 |
| Arapaho Ridge | $933 |
| Trilobi Hills | $934 |
| Fall Creek Highlands | $934 |
| Wolfington on Kessler Blvd | $934 |
| Saddlebrook South | $934 |
| Saddlebrook | $934 |
| Robertson Village | $934 |
| Northern Estates | $934 |
| Morningside | $934 |
| Highland - Kessler | $934 |
| Fox Hill Estates | $934 |
| Falcon Lakes | $934 |
| Candlelite Village | $934 |
| Broadmoor | $934 |
| Pennsylvania Heights | $943 |
| College Commons | $943 |
| Castleton | $944 |
| Beechler Estates | $944 |
| Cooper Grove | $953 |
| Churchman Estates | $953 |
| Meridian - Kessler | $959 |
| Lake Maxinhall Estates | $959 |
| Christian Park | $976 |
| Canby Home Place | $976 |
| Bartholomews | $976 |
| Glenroy Village | $986 |
| Ivy Hills | $986 |
| Bayview | $986 |
| Wynbrooke | $992 |
| Woodacre | $992 |
| Wilson's Pinecrest | $992 |
| Williamsburg Villages | $992 |
| Timberview at Eagle Creek | $992 |
| The Estates of Wynbrooke | $992 |
| Sunningdale Commons | $992 |
| Shiloh Creek | $992 |
| Persimmon Grove | $992 |
| Meadows at Eagle Crossing | $992 |
| Links at Eagle Creek | $992 |
| Lakeland Manor | $992 |
| Highlands at Eagle Crossing | $992 |
| Hendricks Heights | $992 |
| Green Braes | $992 |
| Coronado Estates | $992 |
| Clermont Lakes | $992 |
| Ashton | $992 |
| Devonshire | $995 |
| Allisonville | $995 |
| Warfleigh | $1,006 |
| Rolling Ridge | $1,006 |
| Oxbow Estates | $1,006 |
| North Kessler Manor | $1,006 |
| Kessler Commons | $1,006 |
| Glendale | $1,006 |
| Forest Hills | $1,006 |
| Fall Creek Manor | $1,006 |
| Canterbury | $1,006 |
| Brockton | $1,006 |
| Broad Ripple | $1,006 |
| Avalon Hills | $1,006 |
| Arden | $1,006 |
| Windcombe | $1,016 |
| Ravenswood | $1,016 |
| Sylvan Ridge | $1,025 |
| Sherwood Forest | $1,025 |
| Northern Hills | $1,025 |
| Lake Clearwater | $1,025 |
| Glendale Terrace | $1,025 |
| Driftwood Hills | $1,025 |
| Central Nora | $1,025 |
| Keystone at The Crossing | $1,082 |
| Hamilton Heights | $1,082 |
| Chesterton | $1,082 |
| Timber Ridge | $1,107 |
| The Woods at Indian Lake | $1,107 |
| The North Woods at Geist | $1,107 |
| The Highlands at Geist | $1,107 |
| Sunset Cove | $1,107 |
| Sunnybrooke | $1,107 |
| St. Claire Place | $1,107 |
| Seven Oaks at Geist | $1,107 |
| River Oaks at Geist | $1,107 |
| Ridge Creek | $1,107 |
| Rainbow Highlands | $1,107 |
| Preserve at Indian Lake | $1,107 |
| Persimmon | $1,107 |
| Pebblebrook at Geist | $1,107 |
| Oaklandon Point | $1,107 |
| Oakland Woods | $1,107 |
| Oakland Hills at Geist | $1,107 |
| McCord's Crossing | $1,107 |
| Lawrence Woods | $1,107 |
| La Pintas | $1,107 |
| Kensington Farms | $1,107 |
| Kensington Commons | $1,107 |
| Indian Pointe | $1,107 |
| Indian Lake | $1,107 |
| Hidden Oak | $1,107 |
| Hidden Creek at Geist | $1,107 |
| Harrison Ridge | $1,107 |
| Glen Cove | $1,107 |
| Geist Valley Estates | $1,107 |
| Fox Pointe | $1,107 |
| Fountain Springs | $1,107 |
| Feather Cove | $1,107 |
| Edgewater Terrace | $1,107 |
| Echo Pointe | $1,107 |
| Eagle Pines at Trittip Farms | $1,107 |
| Deer Ridge | $1,107 |
| Crystal Pointe | $1,107 |
| Crossing South | $1,107 |
| Cobblestone at Geist | $1,107 |
| Chesapeake | $1,107 |
| Carraro Estates | $1,107 |
| Bradford | $1,107 |
| Boulders at Geist | $1,107 |
| Bay Ridge | $1,107 |
| Admiral's Landing | $1,107 |
| Admiral's Cove | $1,107 |
| Woodland Trails | $1,116 |
| Sunnyview | $1,116 |
| Red Maple Grove | $1,116 |
| Norwood Place | $1,116 |
| Meyers | $1,116 |
| Garfield Park | $1,116 |
| Franklin Gardens | $1,116 |
| Fountain Square South | $1,116 |
| Fountain Square | $1,116 |
| Finch Park | $1,116 |
| Caven and Rockwood | $1,116 |
| Canby Park | $1,116 |
| Bethel | $1,116 |
| Beechcrest | $1,116 |
| Bean Creek | $1,116 |
| Bates - Hendricks | $1,116 |
| Atkinson | $1,116 |
| Addison Meadows | $1,116 |
| Reagan Park | $1,150 |
| Watson Farms | $1,186 |
| North Harrison Park | $1,186 |
| Hillside | $1,199 |
| Riverside | $1,207 |
| Meridian - Highland | $1,207 |
| Lawton Estates | $1,220 |
| Lawrence Community Park | $1,220 |
| Boston Commons | $1,220 |
| Benjamin Square | $1,220 |
| A V Browns Arlington Manor | $1,220 |
| Windsor Park | $1,229 |
| Irish Hills | $1,229 |
| Holy Cross | $1,229 |
| Cottage Home | $1,229 |
| The Old Northside | $1,265 |
| Ransom Place | $1,265 |
| Lockerbie Square | $1,265 |
| Indiana Avenue and IUPUI | $1,265 |
| Herron - Morton Place | $1,265 |
| Fall Creek and 16th Street Park | $1,265 |
| The Canal and White River State Park | $1,275 |
| Fletcher Place | $1,382 |
| St. Joseph | $1,404 |
| Cole Noble | $1,404 |
| Chatham Arch and Mass Avenue | $1,404 |
| Woodland | $1,422 |
| Walden Pond | $1,422 |
| The Retreat | $1,422 |
| Sunrise on The Monon | $1,422 |
| Orchard Park | $1,422 |
| Northridge | $1,422 |
| Lexington Farms | $1,422 |
| Echo Crest | $1,422 |
| College Meadows | $1,422 |
| College Heights | $1,422 |
| Wholesale District | $1,566 |
| North Meridian | $1,566 |
/
/
The most affordable neighborhoods in Indianapolis are Bosart - Brown, where the average rent goes for $594/month, Emerson Heights, where renters pay $594/mo on average, and Englewood, where the average rent goes for $594/mo. If you’re looking for other great deals, check out the listings from Forest Park ($594), Grace Tuxedo ($594), and Little Flower ($594), where the asking prices are below the average Indianapolis rent of $902/mo.
The most expensive neighborhoods in Indianapolis are Woodland ($1,422), North Meridian ($1,566) and Wholesale District ($1,566).
The most popular neighborhood in Indianapolis is Castleton, where there are 7 verified RENTCafé listings with an average rent of $944. Next up is Arlington Woods, where apartments go for $746/month, followed by Liberty Creek with $792 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Westchester Estates, where renters pay $872 on average, and Windsor Village, where the average monthly rent is $689.
Indianapolis | Rent Comparison by Neighborhood
Rent in A V Browns Arlington Manor is 9% higher than in Addison Meadows
$1,220
A V Browns Arlington Manor rent is 35% higher than Indianapolis average
| Average Rent | $1,220 |
|---|
$1,116
Addison Meadows rent is 24% higher than Indianapolis average
| Average Rent | $1,116 |
|---|
How Indianapolis Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Indianapolis | $902 | 5% |
| Greenwood | $871 | 5% |
| Bloomington | $1,126 | 2% |
| Fort Wayne | $802 | 6% |
| Lawrence | $770 | 10% |
| South Bend | $963 | 6% |
| Carmel | $1,178 | 6% |
| Fishers | $1,168 | 7% |
| Noblesville | $1,058 | 6% |
| Avon | $1,118 | 5% |
| Franklin | $822 | 5% |
For more information about the Indianapolis rental trends, check out our monthly rent report
Check out Indiana Cities, Indiana Neighborhoods and Indiana Zip Codes for more details on verified listings, including the Indiana Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Indianapolis apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.