Chapel Hill, Indianapolis, IN Rental Market Trends
Last updated: May 26, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Chapel Hill is $1,383, a 3.27% increase compared to the previous year, when the average rent was $1,339.
One-bedroom apartments provide 815 square feet for $1,080, balancing privacy and affordability.
Two-beedroom units at $1,402 offer 1,067 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,470 sq ft) for $1,662, suitable for larger households.
Average rent in Chapel Hill, Indianapolis, IN
Last updated: May 26, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,383 | 1,108 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,080 | 815 sq. ft. |
| 2 Beds | $1,402 | 1,067 sq. ft. |
| 3 Beds | $1,662 | 1,470 sq. ft. |
Chapel Hill, Indianapolis, IN rent trends
Rental prices in Chapel Hill, Indianapolis, IN have increased by 3.27% over the past year. The average rent moved from $1,339 to $1,383.
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?
1,413 or 53% of the households in Chapel Hill, Indianapolis, IN are renter-occupied while 1,255 or 47% are owner-occupied.
Most affordable neighborhoods in Chapel Hill?
Crown Hill $792/month
University Heights $905/month
Carson Heights $955/month
All of these neighborhoods fall below the city wide average of $1,271/month.Most expensive neighborhoods in Chapel Hill?
Sycamore Run $1,677/month
Cole Noble $1,749/month
North Meridian $1,873/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 | $1,873 |
| Cole Noble | $1,749 |
| Sycamore Run | $1,677 |
| Clermont Lakes | $1,637 |
| Wholesale District | $1,634 |
| Chatham Arch and Mass Avenue | $1,624 |
| Fountain Square | $1,621 |
| Meridian - Kessler | $1,602 |
| Herron - Morton Place | $1,592 |
| The Canal and White River State Park | $1,581 |
| Fletcher Place | $1,581 |
| St. Joseph | $1,549 |
| North Harrison Park | $1,478 |
| Reagan Park | $1,470 |
| Broad Ripple | $1,459 |
| Keystone at The Crossing | $1,459 |
| College Park | $1,448 |
| Mapleton - Fall Creek | $1,414 |
| Fairgrounds | $1,394 |
| Bayswater - Eagles Watch | $1,388 |
| Chapel Hill | $1,383 |
| Southern Springs | $1,374 |
| Valley Mills | $1,348 |
| Castleton | $1,346 |
| Delaware Trails | $1,340 |
| Summerfield Place | $1,329 |
| North Willow | $1,326 |
| The Park at Buffalo Creek | $1,320 |
| Sherman Commons | $1,317 |
| Crooked Creek Heights | $1,298 |
| Briarstone Villas | $1,291 |
| Castle Ridge | $1,282 |
| Shadow Wood South | $1,273 |
| Parkwood Terrace | $1,264 |
| Marian - Cold Springs | $1,256 |
| Willow Lakes | $1,230 |
| Lake Maxinhall Estates | $1,218 |
| Ivy Hills | $1,212 |
| Allisonville | $1,210 |
| Tempo North | $1,201 |
| East Avalon Hills | $1,192 |
| Liberty Creek | $1,189 |
| Speedway Woods | $1,187 |
| Wedgewood | $1,184 |
| Central Nora | $1,183 |
| Eagle Cove | $1,176 |
| Westchester Estates | $1,175 |
| The Highlands | $1,172 |
| Mars Hill | $1,161 |
| Sheffield Woods | $1,160 |
| Mount Auburn | $1,145 |
| Winchester Village | $1,140 |
| The Islands | $1,133 |
| Park Valley Estates | $1,121 |
| Eagledale | $1,093 |
| Crooked Creek | $1,092 |
| Arlington Woods | $1,091 |
| Eastbrooke Meadows | $1,086 |
| North Perry | $1,083 |
| Devington | $1,079 |
| New Augusta Woods | $1,076 |
| Deer Creek | $1,067 |
| West Edgewood | $1,060 |
| The Old Northside | $1,050 |
| Parc Estates | $1,032 |
| Irvington | $1,016 |
| Otterbein | $1,006 |
| Arlington Heights | $970 |
| Meadows - Fall Creek | $962 |
| Carson Heights | $955 |
| University Heights | $905 |
| Crown Hill | $792 |
/
/
Indianapolis | Rent Comparison by Neighborhood
Rent in Chapel Hill is 14% higher than in Allisonville
$1,383
Chapel Hill rent is the same as Indianapolis average
Average Rent
$1,383
$1,210
Allisonville rent is 12% lower than Indianapolis average
Average Rent
$1,210
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.