What is the average apartment size in Fountain Square, Indianapolis, IN?

The average size for a Fountain Square, Indianapolis, IN apartment is 779 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.

What is the average rent in Fountain Square?

As of Mar / 2026, the average rent in Fountain Square is $1,612 per month, a 0.27% increase from last years average of $1,608.

What is the average apartment size in Fountain Square?

The typical apartment in Fountain Square offers about 779 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Fountain Square, Indianapolis, IN Rental Market Trends

Q: What's the typical rent budget in Fountain Square?

The typical rent budget in Fountain Square ranges from $1,001 to $1,500 per month, with 55% of rentals in this range.

Q: Do most people rent or own in Fountain Square?

In Fountain Square, 42% of households rent while 58% own their homes, based on the latest U.S. Census data.

Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Fountain Square is $1,612, a 0.27% increase compared to the previous year, when the average rent was $1,608.

One-bedroom apartments provide 717 square feet for $1,511, balancing privacy and affordability.

Average rent in Fountain Square, Indianapolis, IN

Last updated: April 23, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,612	779 sq. ft.
Studio	n/a	n/a
1 Bed	$1,511	717 sq. ft.
2 Beds	n/a	n/a
3 Beds	n/a	n/a

Fountain Square, Indianapolis, IN rent trends

Rental prices in Fountain Square, Indianapolis, IN have increased by 0.27% over the past year. The average rent moved from $1,608 to $1,612.

What's the typical rent budget in Fountain Square, Indianapolis, IN?

The largest share of rentals in Fountain Square, Indianapolis, IN (55%) 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 Fountain Square, Indianapolis, IN?

314 or 42% of the households in Fountain Square, Indianapolis, IN are renter-occupied while 428 or 58% are owner-occupied.

Most affordable neighborhoods in Fountain Square?

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 Fountain Square?

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

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 33% higher than in Allisonville

$1,612

Fountain Square rent is the same as Indianapolis average

Average Rent $1,612

$1,209

Allisonville rent is 25% lower than Indianapolis average

Average Rent $1,209

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 Fountain Square 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.