Indianapolis, IN Rental Market Trends

Q: What are the most popular neighborhoods in Indianapolis?

The most popular neighborhood in Indianapolis is Eagledale , where there are 13 listings with an average rent of $1,088. Next up is Valley Mills , where apartments go for $1,107/month, followed by Liberty Creek with $1,119 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Broad Ripple , where renters pay $1,296 on average, and Castleton , where the average monthly rent is $1,261.

What is the average rent in Indianapolis?

The average rent for an apartment in Indianapolis is $1,191. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Indianapolis, IN

Last updated July 2023

Average Rent	Average Apartment Size
$1,191	879 sq. ft.

What is the average apartment size in Indianapolis?

The average size for a Indianapolis, IN apartment is 879 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

160,310 or 46% of the households in Indianapolis, IN are renter-occupied while 191,928 or 54% are owner-occupied.

Indianapolis, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Indianapolis, IN By Neighborhood

Neighborhood	Average Rent
North Meridian	$1,850
Wholesale District	$1,842
College Heights	$1,820
College Meadows	$1,820
Echo Crest	$1,820
Lexington Farms	$1,820
Northridge	$1,820
Orchard Park	$1,820
Sunrise on The Monon	$1,820
The Retreat	$1,820
Walden Pond	$1,820
Woodland	$1,820
Chatham Arch and Mass Avenue	$1,667
Cole Noble	$1,667
St. Joseph	$1,667
Fletcher Place	$1,632
The Canal and White River State Park	$1,521
Fall Creek and 16th Street Park	$1,471
Herron - Morton Place	$1,471
Indiana Avenue and IUPUI	$1,471
Lockerbie Square	$1,471
Ransom Place	$1,471
The Old Northside	$1,471
A V Browns Arlington Manor	$1,456
Benjamin Square	$1,456
Boston Commons	$1,456
Lawrence Community Park	$1,456
Lawton Estates	$1,456
Cottage Home	$1,429
Holy Cross	$1,429
Irish Hills	$1,429
Windsor Park	$1,429
North Harrison Park	$1,429
Watson Farms	$1,429
Meridian - Highland	$1,428
Riverside	$1,428
Hillside	$1,413
Chesterton	$1,364
Hamilton Heights	$1,364
Keystone at The Crossing	$1,364
Reagan Park	$1,354
Admiral's Cove	$1,336
Admiral's Landing	$1,336
Bay Ridge	$1,336
Boulders at Geist	$1,336
Bradford	$1,336
Carraro Estates	$1,336
Chesapeake	$1,336
Cobblestone at Geist	$1,336
Crossing South	$1,336
Crystal Pointe	$1,336
Deer Ridge	$1,336
Eagle Pines at Trittip Farms	$1,336
Echo Pointe	$1,336
Edgewater Terrace	$1,336
Feather Cove	$1,336
Fountain Springs	$1,336
Fox Pointe	$1,336
Geist Valley Estates	$1,336
Glen Cove	$1,336
Harrison Ridge	$1,336
Hidden Creek at Geist	$1,336
Hidden Oak	$1,336
Indian Lake	$1,336
Indian Pointe	$1,336
Kensington Commons	$1,336
Kensington Farms	$1,336
La Pintas	$1,336
Lawrence Woods	$1,336
McCord's Crossing	$1,336
Oakland Hills at Geist	$1,336
Oakland Woods	$1,336
Oaklandon Point	$1,336
Pebblebrook at Geist	$1,336
Persimmon	$1,336
Preserve at Indian Lake	$1,336
Rainbow Highlands	$1,336
Ridge Creek	$1,336
River Oaks at Geist	$1,336
Seven Oaks at Geist	$1,336
St. Claire Place	$1,336
Sunnybrooke	$1,336
Sunset Cove	$1,336
The Highlands at Geist	$1,336
The North Woods at Geist	$1,336
The Woods at Indian Lake	$1,336
Timber Ridge	$1,336
Bayview	$1,318
Ivy Hills	$1,318
Addison Meadows	$1,312
Atkinson	$1,312
Bean Creek	$1,312
Beechcrest	$1,312
Bethel	$1,312
Canby Park	$1,312
Caven and Rockwood	$1,312
Finch Park	$1,312
Fountain Square	$1,312
Fountain Square South	$1,312
Franklin Gardens	$1,312
Garfield Park	$1,312
Meyers	$1,312
Norwood Place	$1,312
Red Maple Grove	$1,312
Sunnyview	$1,312
Woodland Trails	$1,312
Allisonville	$1,308
Devonshire	$1,308
Bates - Hendricks	$1,306
Broadmoor	$1,306
Candlelite Village	$1,306
Falcon Lakes	$1,306
Fox Hill Estates	$1,306
Highland - Kessler	$1,306
Morningside	$1,306
Northern Estates	$1,306
Robertson Village	$1,306
Saddlebrook	$1,306
Saddlebrook South	$1,306
Wolfington on Kessler Blvd	$1,306
Arapaho Ridge	$1,296
Arden	$1,296
Arrowhead at Southern Dunes	$1,296
Avalon Hills	$1,296
Bayberry Village	$1,296
Bluff View Meadows	$1,296
Broad Ripple	$1,296
Brockton	$1,296
Buck Creek Village	$1,296
Canterbury	$1,296
Cedar Park	$1,296
Cheyenne Lakes at Southern Dunes	$1,296
Chimney Heights	$1,296
Copperwood at Wellingshire	$1,296
Creekbend	$1,296
Deerfield Village	$1,296
Fall Creek Manor	$1,296
Foothill Farms	$1,296
Forest Hills	$1,296
Glendale	$1,296
Governors Pointe	$1,296
Harness Lake	$1,296
Huddleston Estates	$1,296
Hudson Bay	$1,296
Jensen Garden Heights	$1,296
Kessler Commons	$1,296
Killarney Hill at Murphy's Landing	$1,296
Lighthouse Landing	$1,296
Maple Grove Estates	$1,296
Meridian Meadows	$1,296
Meridian Woods Park	$1,296
Monteo Village	$1,296
North Kessler Manor	$1,296
Oxbow Estates	$1,296
Park View at Wellingshire	$1,296
Parke Place	$1,296
Penn Park	$1,296
Perry Commons	$1,296
Plantation Meadows	$1,296
Rahkewood	$1,296
Ridge Hills Trails	$1,296
Ritchling Acres	$1,296
Rolling Ridge	$1,296
Shannon Lakes	$1,296
Sonesta	$1,296
Southern Dunes	$1,296
Southern Oaks	$1,296
Southwinds Court	$1,296
Southwinds Villas	$1,296
Springbrook	$1,296
Sunshine Gardens	$1,296
The Arbors on Bluff	$1,296
The Depot	$1,296
The Villages of Cobblestone	$1,296
Valley Ridge Farms	$1,296
Warfleigh	$1,296
Wichita Hill at Southern Dunes	$1,296
Ravenswood	$1,288
Windcombe	$1,288
Central Nora	$1,281
Driftwood Hills	$1,281
Glendale Terrace	$1,281
Lake Clearwater	$1,281
Northern Hills	$1,281
Sherwood Forest	$1,281
Sylvan Ridge	$1,281
Beechler Estates	$1,261
Castleton	$1,261
Churchman Estates	$1,257
Cooper Grove	$1,257
Glenroy Village	$1,253
Amber Ridge	$1,246
Buch Creek Woods	$1,246
Franklin Parke Estates	$1,246
Greenbrooke	$1,246
Holly Hills	$1,246
I65 - South Emerson	$1,246
Mcfarland Farms	$1,246
Muirfield	$1,246
Richmond Hill	$1,246
Southern Lakes	$1,246
Southern Ridge	$1,246
Southern Springs	$1,246
Southern Trails	$1,246
Southport Green	$1,246
Sycamore Run	$1,246
Thompson Park	$1,246
Timbers	$1,246
Waters Edge at Cummins Farm	$1,246
Lake Maxinhall Estates	$1,234
Meridian - Kessler	$1,234
Fall Creek Highlands	$1,226
Trilobi Hills	$1,226
College Commons	$1,220
Pennsylvania Heights	$1,220
Harrison Run	$1,219
Babe Denny	$1,212
Concord	$1,212
Old Southside	$1,212
South Village	$1,212
Butler - Tarkington	$1,207
Crown Hill	$1,207
Golden Hill	$1,207
United Northwest	$1,207
Bartholomews	$1,187
Canby Home Place	$1,187
Christian Park	$1,187
Adler Grove	$1,182
Ashland	$1,182
Belle Arbor	$1,182
Big Run	$1,182
Brookfield Place	$1,182
Burge Terrace	$1,182
Charle Sumac Estates	$1,182
Chessington Grove	$1,182
College Corner	$1,182
Five Points Maple Grove	$1,182
Fox Hollow	$1,182
Franklin Place	$1,182
Franklin Shire	$1,182
Glen Ridge	$1,182
Greythorne	$1,182
Hanover	$1,182
Hanover North	$1,182
Hunters Crossing	$1,182
Irongate	$1,182
Latonia	$1,182
Marlin Meadows	$1,182
Mayfair Village	$1,182
Raymond Park	$1,182
Stable Chase Estates	$1,182
Suncrest	$1,182
The Woods at Grassy Creek	$1,182
Treyburn Lakes	$1,182
Van Arsdel	$1,182
Village at New Bethel	$1,182
Wanamaker Village	$1,182
Whispering Pines	$1,182
Wildcat Run	$1,182
Willow Lakes	$1,182
Wolf Run	$1,182
Forest View Estates	$1,179
Spring Mill Heights	$1,179
Charlevoix Lake	$1,176
Lake Kesslerwood	$1,176
Millersville	$1,176
Cedar Knolls	$1,169
Delaware Trails	$1,169
Greenbriar	$1,169
North Willow	$1,169
Northbrook	$1,169
Park Meridian	$1,169
Pickwick Commons	$1,169
Spring Mill Estates	$1,169
Spring Mill Ridge	$1,169
Spring Mill Woods	$1,169
Sunset Heights	$1,169
Williston Green	$1,169
Ashton	$1,163
Clermont Lakes	$1,163
Coronado Estates	$1,163
Green Braes	$1,163
Hendricks Heights	$1,163
Highlands at Eagle Crossing	$1,163
Lakeland Manor	$1,163
Links at Eagle Creek	$1,163
Meadows at Eagle Crossing	$1,163
Persimmon Grove	$1,163
Shiloh Creek	$1,163
Sunningdale Commons	$1,163
The Estates of Wynbrooke	$1,163
Timberview at Eagle Creek	$1,163
Williamsburg Villages	$1,163
Wilson's Pinecrest	$1,163
Woodacre	$1,163
Wynbrooke	$1,163
The Admirals	$1,161
Crooked Creek	$1,151
Beamreach	$1,145
Bridgewater	$1,145
Brunson Acres	$1,145
Castillia	$1,145
Castle Ridge	$1,145
Castleton Estates	$1,145
Castleton Farms	$1,145
Copperfield	$1,145
Eagle Nest	$1,145
East Avalon Hills	$1,145
Fairwood Hills	$1,145
Hamptons at Geist	$1,145
Harbour Pines	$1,145
Hunters Glen	$1,145
Lantern Hills	$1,145
Masthead	$1,145
Pine Ridge Estates	$1,145
Sargent Creek	$1,145
Scarborough Village	$1,145
The Moorings	$1,145
The Villages	$1,145
Woods Edge	$1,145
Yorkshire	$1,145
Westchester Estates	$1,143
Chapel Glen	$1,133
Country Club Place	$1,133
Tremont Gardens	$1,133
Windham Lake	$1,133
Woodpointe	$1,133
Aspen Ridge	$1,131
Chapel Hill	$1,131
Country Village	$1,131
Eagle Valley	$1,131
Farleys Speedway Homeplace	$1,131
Summerfield Place	$1,131
Summerfield South	$1,131
The Islands	$1,131
Twin Oaks	$1,131
Waterwood at Eagle Creek	$1,131
Westridge Village	$1,131
Westwood	$1,131
Keystone Manor	$1,125
Bay Landing	$1,121
Eagles Landing	$1,121
Traders Cove on the Lake	$1,121
Ballinshire Estates	$1,119
Bayswater - Eagles Watch	$1,119
Cobblestone	$1,119
Coventry Woods	$1,119
Deer Creek	$1,119
Eagle Cove	$1,119
Eagle Creek Park	$1,119
Eagle Creek Woods	$1,119
Eagle Springs	$1,119
Eagle Trace Village	$1,119
Gateway West	$1,119
Guion Creek Woods	$1,119
Guion Lakes	$1,119
Hidden Bay	$1,119
Lafayette Square	$1,119
Lakeside Manor	$1,119
Liberty Creek	$1,119
Oakforge Woods	$1,119
The Highlands	$1,119
The Trees	$1,119
The Willows	$1,119
Wedgewood	$1,119
Whitehall Commons	$1,119
Fort Harrison State Park	$1,117
Parc Estates	$1,113
Decatur Ridge	$1,107
Huntington Park	$1,107
Valley Mills	$1,107
West Newton	$1,107
Mars Hill	$1,105
Maywood	$1,105
Ameriplex	$1,104
Bailey Highlands	$1,104
Biltmore Gardens	$1,104
Cloverleaf Farms	$1,104
Drexel Gardens	$1,104
Fairview Station	$1,104
Fleming Garden Place	$1,104
Glennwoods	$1,104
Heatherwood Estates	$1,104
Indianapolis Airport	$1,104
Linhurst	$1,104
Lookout Gardens	$1,104
Morris Park	$1,104
New Heritage	$1,104
Park Fletcher	$1,104
Shadow Wood South	$1,104
Shenandoah	$1,104
Sterling Heights	$1,104
Sungate	$1,104
Sunset Park	$1,104
Victoria Woods	$1,104
Williamsburg	$1,104
Indianapolis Heights	$1,102
Falender's Meadowood	$1,102
Homewood Park West	$1,102
Mount Auburn	$1,102
Speedway Woods	$1,102
Carson Heights	$1,099
Perry Manor	$1,099
Meridian Park	$1,099
Augusta Green	$1,096
College Park	$1,096
Crooked Creek Heights	$1,096
Crooked Creek Villages	$1,096
Fieldstone and Brookstone	$1,096
Georgetown Crossing	$1,096
New Augusta	$1,096
New Augusta Woods	$1,096
Park 100	$1,096
Eagledale	$1,088
Thatcher Park	$1,088
Hill Valley Estates	$1,074
Hoss South Meridian Highlands	$1,074
North Perry	$1,074
Orchard Park	$1,074
Southcreek	$1,074
Southern Hills	$1,074
Shelton Heights	$1,063
Belmont	$1,062
Allen and Sellers	$1,058
Atwell Acres	$1,058
Bechtold	$1,058
Brendon Park	$1,058
Brendonridge	$1,058
Brendonwood	$1,058
Brookside Park	$1,058
Devington	$1,058
Devon	$1,058
Fall Creek Heights	$1,058
Farmington Lakes	$1,058
Franklin Heights	$1,058
Franklin Trails Estates	$1,058
Green Acres	$1,058
Harrison Park	$1,058
Henry Seller's to Lawrence	$1,058
Hy-View Meadows	$1,058
Imperial Gardens	$1,058
Lawrence Manor	$1,058
Lawrence Park	$1,058
Lawrence Terrace	$1,058
Morrow Wood	$1,058
North Lawrence Park	$1,058
Pope Place	$1,058
Records	$1,058
Rosedale Park	$1,058
Shadeland	$1,058
Shadeland Park	$1,058
The Arbor's	$1,058
Waddy's	$1,058
Wallingwood	$1,058
White	$1,058
Wilmington Park	$1,058
Windridge	$1,058
South Harrison Park	$1,054
Cedar Spring	$1,048
Creekside Woods	$1,048
Springs of Hamptons	$1,048
Bellaire	$1,043
Crosstown	$1,043
Fairgrounds	$1,043
Fall Creek Place	$1,043
Friends and Neighbors	$1,043
Mapleton - Fall Creek	$1,043
Creston	$1,039
Fairfax	$1,039
Haughville	$1,039
Hawthorne	$1,039
Marian - Cold Springs	$1,039
Rainbow Ridge	$1,039
Stringtown	$1,039
Forest Manor	$1,038
Bantas Southwood	$1,025
Briarstone Villas	$1,025
Carriage Estates	$1,025
Carson Square	$1,025
Craigwoods	$1,025
Edgewood	$1,025
Forrest Commons	$1,025
Grandview Acres	$1,025
Holly Heights	$1,025
Lancastershire	$1,025
Laura Templetons	$1,025
Lindenwood	$1,025
Lucas Place	$1,025
Rosedale Hills	$1,025
Rosewood	$1,025
Sherman Commons	$1,025
Southdowns	$1,025
Southgate Farms	$1,025
The Park at Buffalo Creek	$1,025
Twin Brooks	$1,025
University Heights	$1,025
Walnut Farms	$1,025
West Edgewood	$1,025
Whalen's Fairhope	$1,025
Winchester Village	$1,025
Bradford Trace	$1,016
Brookwood Crossing	$1,016
Cumberland Estates	$1,016
Cumberland Lakes	$1,016
Easton	$1,016
Grassy Village	$1,016
Hathaway Homes	$1,016
Heather Hills	$1,016
North German Church Woods	$1,016
Park Valley Estates	$1,016
Parkwood Terrace	$1,016
Rosswood	$1,016
Sheffield Woods	$1,016
Valley Creek	$1,016
Warren Lakes	$1,016
Woodsong	$1,016
Arlington Woods	$1,011
North Eastwood	$1,010
Glicks East 38th St	$1,009
Watson's	$1,009
Irvington	$1,004
Meadows - Fall Creek	$990
Trinity Manor	$986
Oaklandon	$968
Wynfield	$968
Bells Run	$944
Cherry Lake	$944
Deer Run	$944
Eastbrooke Meadows	$944
Glick's East 42nd St	$944
Mills and Hauser	$944
Orchard Valley Farms	$944
Pine Hill Estates	$944
Rose Haven	$944
Royal Oaks	$944
The Parks at Winding Ridge	$944
The Roses of Lawrence	$944
Traditions	$944
Warren Woods	$944
Winding Ridge	$944
Bullman Home Place	$938
East Gate	$938
Eastwood	$938
Elders Washington Place Heights	$938
Irving Ridge	$938
Shadeland Manor	$938
Tempo	$938
Tempo North	$938
Trinity Estates	$938
Windsor Village	$938
Arlington Heights	$910
Bosart - Brown	$793
Emerson Heights	$793
Englewood	$793
Forest Park	$793
Grace Tuxedo	$793
Little Flower	$793
Rivoli Park	$793
Springdale	$793
St. Clair Place	$793
State Square	$793
TEAR United	$793
Willard Park	$793
Woodruff Place	$793
Brookside	$781
Spades Park	$781
Audubon Gardens	$772
Brookside Sunny Grove	$772
Martindale - Brightwood	$772
North Brookside Park	$772
Oakhill	$772
Otterbein	$772
Sangster Harrison	$772

What are the most affordable neighborhoods in Indianapolis?

The most affordable neighborhoods in Indianapolis are Audubon Gardens, where the average rent goes for $772/month, Brookside Sunny Grove, where renters pay $772/mo on average, and Martindale - Brightwood, where the average rent goes for $772/mo. If you’re looking for other great deals, check out the listings from North Brookside Park ($772), Oakhill ($772), and Otterbein ($772), where the asking prices are below the average Indianapolis rent of $1,191/mo.

What are the most expensive neighborhoods in Indianapolis?

The most expensive neighborhoods in Indianapolis are Woodland ($1,820), Wholesale District ($1,842) and North Meridian ($1,850).

What are the most popular neighborhoods in Indianapolis?

The most popular neighborhood in Indianapolis is Eagledale, where there are 13 listings with an average rent of $1,088. Next up is Valley Mills, where apartments go for $1,107/month, followed by Liberty Creek with $1,119 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Broad Ripple, where renters pay $1,296 on average, and Castleton, where the average monthly rent is $1,261.

Indianapolis | Rent Comparison by Neighborhood

Rent in A V Browns Arlington Manor is 11% higher than in Addison Meadows

$1,456

A V Browns Arlington Manor rent is 22% higher than Indianapolis average

Average Rent	$1,456

$1,312

Addison Meadows rent is 10% higher than Indianapolis average

Average Rent	$1,312

How Indianapolis Compares to Other Cities

City	Average Rent
Indianapolis	$1,191
New Albany	$1,050
Bloomington	$1,445
Greenwood	$1,231
Jeffersonville	$1,147
Lafayette	$1,003
Fort Wayne	$1,099
Lawrence	$1,056
South Bend	$1,205
Carmel	$1,653
Fishers	$1,555
Noblesville	$1,455
Greenfield	$1,164
Plainfield	$1,441
Brownsburg	$1,501
Avon	$1,549
Camby	$1,325
Franklin	$1,137
Anderson	$921
Muncie	$1,124
Westfield	$1,582

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 $127.05. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.