Chapel Hill, Indianapolis, IN Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Chapel Hill is $1,380, a 2.68% increase compared to the previous year, when the average rent was $1,344.
One-bedroom apartments provide 815 square feet for $1,088, balancing privacy and affordability.
Two-beedroom units at $1,392 offer 1,067 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,470 sq ft) for $1,658, suitable for larger households.
Average rent in Chapel Hill, Indianapolis, IN
Last updated: April 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,380 | 1,108 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,088 | 815 sq. ft. |
| 2 Beds | $1,392 | 1,067 sq. ft. |
| 3 Beds | $1,658 | 1,470 sq. ft. |
Chapel Hill, Indianapolis, IN rent trends
Rental prices in Chapel Hill, Indianapolis, IN have increased by 2.68% over the past year. The average rent moved from $1,344 to $1,380.
What's the typical rent budget in Chapel Hill, Indianapolis, IN?
The largest share of rentals in Chapel Hill, Indianapolis, IN (63%) 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 Chapel Hill, Indianapolis, IN?
1,396 or 53% of the households in Chapel Hill, Indianapolis, IN are renter-occupied while 1,220 or 47% are owner-occupied.
Most affordable neighborhoods in Chapel Hill?
Crown Hill $799/month
University Heights $904/month
Glicks East 38th St $944/month
All of these neighborhoods fall below the city wide average of $1,266/month.Most expensive neighborhoods in Chapel Hill?
Clermont Lakes $1,638/month
Sycamore Run $1,672/month
North Meridian $1,861/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 | $1,861 |
| Sycamore Run | $1,672 |
| Clermont Lakes | $1,638 |
| Wholesale District | $1,627 |
| Meridian - Kessler | $1,617 |
| Chatham Arch and Mass Avenue | $1,616 |
| Fountain Square | $1,612 |
| Fletcher Place | $1,581 |
| Herron - Morton Place | $1,577 |
| The Canal and White River State Park | $1,576 |
| St. Joseph | $1,547 |
| North Harrison Park | $1,478 |
| College Park | $1,460 |
| Keystone at The Crossing | $1,451 |
| Broad Ripple | $1,450 |
| Reagan Park | $1,441 |
| Mapleton - Fall Creek | $1,414 |
| Fairgrounds | $1,379 |
| Bayswater - Eagles Watch | $1,377 |
| Southern Springs | $1,369 |
| Delaware Trails | $1,354 |
| Castleton | $1,348 |
| Valley Mills | $1,342 |
| Crooked Creek Heights | $1,333 |
| The Park at Buffalo Creek | $1,331 |
| Summerfield Place | $1,327 |
| North Willow | $1,318 |
| Shadow Wood South | $1,309 |
| Castle Ridge | $1,281 |
| Parkwood Terrace | $1,263 |
| Ivy Hills | $1,259 |
| Marian - Cold Springs | $1,256 |
| Willow Lakes | $1,224 |
| Lake Maxinhall Estates | $1,213 |
| Allisonville | $1,209 |
| Wedgewood | $1,203 |
| Tempo North | $1,202 |
| Sherman Commons | $1,202 |
| Central Nora | $1,200 |
| Mount Auburn | $1,186 |
| Eagle Cove | $1,185 |
| Liberty Creek | $1,180 |
| Speedway Woods | $1,179 |
| The Highlands | $1,174 |
| Westchester Estates | $1,164 |
| Mars Hill | $1,159 |
| I65 - South Emerson | $1,148 |
| The Islands | $1,133 |
| Winchester Village | $1,121 |
| Sheffield Woods | $1,095 |
| Arlington Woods | $1,090 |
| Eagledale | $1,088 |
| Eastbrooke Meadows | $1,085 |
| Crooked Creek | $1,084 |
| North Perry | $1,079 |
| Devington | $1,078 |
| Deer Creek | $1,063 |
| New Augusta Woods | $1,059 |
| West Edgewood | $1,058 |
| Watson's | $1,053 |
| The Old Northside | $1,046 |
| Parc Estates | $1,013 |
| Otterbein | $1,007 |
| Arlington Heights | $969 |
| Meadows - Fall Creek | $963 |
| Carson Heights | $960 |
| Glicks East 38th St | $944 |
| University Heights | $904 |
| Crown Hill | $799 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in Allisonville is 25% higher than in Arlington Heights
$1,209
Allisonville rent is 12% lower than Indianapolis average
Average Rent
$1,209
$969
Arlington Heights rent is 30% lower than Indianapolis average
Average Rent
$969
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 Chapel Hill 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.