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 May / 2026, the average rent in Fountain Square is $1,593 per month, a 1.77% decrease from last years average of $1,621.

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 46% 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: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Fountain Square is $1,593, a 1.77% decrease compared to the previous year, when the average rent was $1,621.

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

Average rent in Fountain Square, Indianapolis, IN

Last updated: July 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,593	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 decreased by 1.77% over the past year. The average rent moved from $1,621 to $1,593.

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

The largest share of rentals in Fountain Square, Indianapolis, IN (46%) 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?

329 or 42% of the households in Fountain Square, Indianapolis, IN are renter-occupied while 450 or 58% are owner-occupied.

Most affordable neighborhoods in Fountain Square?

Crown Hill $800/month

University Heights $904/month

Carson Heights $953/month

All of these neighborhoods fall below the city wide average of $1,269/month.

Most expensive neighborhoods in Fountain Square?

Sycamore Run $1,670/month

Cole Noble $1,746/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	$1,746
Sycamore Run	$1,670
Clermont Lakes	$1,639
Wholesale District	$1,632
Chatham Arch and Mass Avenue	$1,620
Riverside	$1,620
Fountain Square	$1,593
Herron - Morton Place	$1,587
Meridian - Kessler	$1,584
The Canal and White River State Park	$1,582
Fletcher Place	$1,576
St. Joseph	$1,549
North Harrison Park	$1,476
Broad Ripple	$1,473
College Park	$1,458
Reagan Park	$1,457
Keystone at The Crossing	$1,457
Mapleton - Fall Creek	$1,414
Fairgrounds	$1,375
Southern Springs	$1,373
Bayswater - Eagles Watch	$1,351
Delaware Trails	$1,348
Valley Mills	$1,346
Castleton	$1,345
The Park at Buffalo Creek	$1,335
North Willow	$1,321
Summerfield Place	$1,308
Crooked Creek Heights	$1,299
Sherman Commons	$1,294
Briarstone Villas	$1,290
Castle Ridge	$1,282
Shadow Wood South	$1,272
Parkwood Terrace	$1,264
Marian - Cold Springs	$1,256
Ivy Hills	$1,248
Willow Lakes	$1,228
Tempo North	$1,219
Wedgewood	$1,208
Lake Maxinhall Estates	$1,206
East Avalon Hills	$1,192
Central Nora	$1,191
Liberty Creek	$1,191
Allisonville	$1,184
Eagle Cove	$1,175
Speedway Woods	$1,174
The Highlands	$1,172
Westchester Estates	$1,171
Christian Park	$1,167
Sheffield Woods	$1,167
Mars Hill	$1,165
Winchester Village	$1,140
Mount Auburn	$1,134
The Islands	$1,132
Park Valley Estates	$1,112
Crooked Creek	$1,094
Arlington Woods	$1,090
Eastbrooke Meadows	$1,086
Eagledale	$1,084
Devington	$1,079
North Perry	$1,077
Deer Creek	$1,064
West Edgewood	$1,060
New Augusta Woods	$1,056
The Old Northside	$1,049
Parc Estates	$1,031
Irvington	$1,016
Otterbein	$1,013
Arlington Heights	$970
Meadows - Fall Creek	$963
Carson Heights	$953
University Heights	$904
Crown Hill	$800

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 34% higher than in Allisonville

$1,593

Fountain Square rent is the same as Indianapolis average

Average Rent $1,593

$1,184

Allisonville rent is 26% lower than Indianapolis average

Average Rent $1,184

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.