Indianapolis, IN Rental Market Trends
What is the average rent in Indianapolis?
The average rent for an apartment in Indianapolis is $1,259. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Indianapolis, IN
Average Rent | Average Apartment Size |
---|---|
$1,259 | 881 sq. ft. |
What is the average apartment size in Indianapolis?
The average size for a Indianapolis, IN apartment is 881 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
160,653 or 45% of the households in Indianapolis, IN are renter-occupied while 199,012 or 55% are owner-occupied.
Indianapolis, IN rent trends

Average Rent in Indianapolis, IN By Neighborhood
City | Average Rent |
---|---|
Fall Creek and 16th Street Park | $1,909 |
North Meridian | $1,878 |
Chatham Arch and Mass Avenue | $1,711 |
Wholesale District | $1,689 |
Sycamore Run | $1,620 |
Fountain Square | $1,607 |
Herron - Morton Place | $1,605 |
Oxbow Estates | $1,596 |
Clermont Lakes | $1,595 |
Meridian - Kessler | $1,589 |
The Canal and White River State Park | $1,582 |
North Harrison Park | $1,565 |
Fletcher Place | $1,557 |
Cole Noble | $1,535 |
College Park | $1,511 |
Devonshire | $1,500 |
St. Joseph | $1,470 |
Broad Ripple | $1,461 |
Delaware Trails | $1,454 |
Valley Mills | $1,453 |
Reagan Park | $1,438 |
Keystone at The Crossing | $1,434 |
Southern Springs | $1,409 |
Chapel Hill | $1,394 |
Greenbrooke | $1,379 |
Castleton | $1,368 |
Fairgrounds | $1,360 |
Mapleton - Fall Creek | $1,349 |
Sonesta | $1,348 |
Bayswater - Eagles Watch | $1,335 |
Summerfield Place | $1,327 |
The Park at Buffalo Creek | $1,326 |
Briarstone Villas | $1,314 |
Castle Ridge | $1,310 |
North Willow | $1,303 |
Wedgewood | $1,290 |
Allisonville | $1,277 |
Trinity Manor | $1,266 |
Fall Creek Manor | $1,261 |
Crooked Creek Heights | $1,257 |
Ivy Hills | $1,243 |
East Avalon Hills | $1,238 |
Shadow Wood South | $1,229 |
Willow Lakes | $1,225 |
Rosewood | $1,220 |
Laura Templetons | $1,217 |
The Islands | $1,215 |
The Highlands | $1,206 |
Lake Maxinhall Estates | $1,205 |
Eagle Cove | $1,203 |
Parkwood Terrace | $1,195 |
Liberty Creek | $1,189 |
Mars Hill | $1,185 |
Sherman Commons | $1,180 |
I65 - South Emerson | $1,167 |
Mount Auburn | $1,165 |
Westchester Estates | $1,162 |
Winchester Village | $1,161 |
Central Nora | $1,154 |
Speedway Woods | $1,153 |
Arlington Woods | $1,146 |
Tempo North | $1,141 |
Crooked Creek | $1,131 |
Marian - Cold Springs | $1,114 |
Sheffield Woods | $1,113 |
Eastbrooke Meadows | $1,094 |
New Augusta Woods | $1,075 |
Eagledale | $1,073 |
North Perry | $1,061 |
Deer Creek | $1,048 |
West Edgewood | $1,041 |
The Old Northside | $1,032 |
Carson Heights | $1,030 |
Devington | $1,029 |
Park Valley Estates | $1,011 |
Otterbein | $992 |
East Gate | $989 |
Glicks East 38th St | $989 |
Parc Estates | $989 |
Watson's | $978 |
Irvington | $958 |
University Heights | $901 |
Meadows - Fall Creek | $897 |
Biltmore Gardens | $878 |
Arlington Heights | $873 |
Christian Park | $850 |
Crown Hill | $809 |
What are the most affordable neighborhoods in Indianapolis?
The most affordable neighborhoods in Indianapolis are Crown Hill, where the average rent goes for $809/month, Christian Park, where renters pay $850/mo on average, and Arlington Heights, where the average rent goes for $873/mo. If you’re looking for other great deals, check out the listings from Biltmore Gardens ($878), Meadows - Fall Creek ($897), and University Heights ($901), where the asking prices are below the average Indianapolis rent of $1,259/mo.
What are the most expensive neighborhoods in Indianapolis?
The most expensive neighborhoods in Indianapolis are Chatham Arch and Mass Avenue ($1,711), North Meridian ($1,878) and Fall Creek and 16th Street Park ($1,909).
What are the most popular neighborhoods in Indianapolis?
The most popular neighborhood in Indianapolis is Valley Mills, where there are 12 listings with an average rent of $1,453. Next up is Eagledale, where apartments go for $1,073/month, followed by Liberty Creek with $1,189 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Castleton, where renters pay $1,368 on average, and Broad Ripple, where the average monthly rent is $1,461.
Indianapolis | Rent Comparison by Neighborhood
Rent in Allisonville is 46% higher than in Arlington Heights
Allisonville rent is 2% higher than Indianapolis average
Arlington Heights rent is 31% lower than Indianapolis average
How Indianapolis Compares to Other Cities
State | Average Rent |
---|---|
Indianapolis | $1,259 |
Fort Wayne | $1,161 |
Greenwood | $1,326 |
Bloomington | $1,644 |
Evansville | $1,053 |
Lafayette | $1,141 |
New Albany | $1,097 |
South Bend | $1,303 |
Jeffersonville | $1,221 |
Carmel | $1,634 |
Hammond | $1,200 |
Noblesville | $1,569 |
Fishers | $1,610 |
Avon | $1,531 |
Lawrence | $1,207 |
Plainfield | $1,538 |
Franklin | $1,418 |
Camby, IN | $1,464 |
Westfield, IN | $1,687 |
Whitestown, IN | $1,702 |
Greenfield, IN | $1,348 |
What is the average price for a storage unit in Indianapolis?
The average rent for a non-climate-controlled 10'x10' storage unit in Indianapolis is $103.95. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.