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

The average size for a Fountain Square, Indianapolis, IN apartment is 782 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 Jun / 2026, the average rent in Fountain Square is $1,563 per month, a 4.38% decrease from last years average of $1,634.

What is the average apartment size in Fountain Square?

The typical apartment in Fountain Square offers about 782 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 52% 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: August 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Fountain Square is $1,563, a 4.38% decrease compared to the previous year, when the average rent was $1,634.

One-bedroom apartments provide 717 square feet for $1,453, balancing privacy and affordability.

Average rent in Fountain Square, Indianapolis, IN

Last updated: August 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,563	782 sq. ft.
Studio	n/a	n/a
1 Bed	$1,453	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 4.38% over the past year. The average rent moved from $1,634 to $1,563.

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

The largest share of rentals in Fountain Square, Indianapolis, IN (52%) 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 $788/month

University Heights $876/month

Carson Heights $931/month

All of these neighborhoods fall below the city wide average of $1,266/month.

Most expensive neighborhoods in Fountain Square?

Wholesale District $1,660/month

Cole Noble $1,698/month

North Meridian $1,859/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	$1,859
Cole Noble	$1,698
Wholesale District	$1,660
Sycamore Run	$1,643
Clermont Lakes	$1,637
Chatham Arch and Mass Avenue	$1,622
Meridian - Kessler	$1,606
Riverside	$1,599
Fletcher Place	$1,583
The Canal and White River State Park	$1,576
St. Joseph	$1,573
Herron - Morton Place	$1,569
Fountain Square	$1,563
North Harrison Park	$1,501
Mapleton - Fall Creek	$1,476
College Park	$1,459
Keystone at The Crossing	$1,453
Broad Ripple	$1,445
Reagan Park	$1,424
Delaware Trails	$1,379
Southern Springs	$1,379
Fairgrounds	$1,350
Willow Lakes	$1,340
Castleton	$1,340
Valley Mills	$1,325
The Park at Buffalo Creek	$1,320
Summerfield Place	$1,319
Bayswater - Eagles Watch	$1,306
Sonesta	$1,296
North Willow	$1,290
Crooked Creek Heights	$1,288
Ivy Hills	$1,287
Shadow Wood South	$1,282
Allisonville	$1,270
Parkwood Terrace	$1,268
Briarstone Villas	$1,262
Marian - Cold Springs	$1,256
Castle Ridge	$1,241
East Avalon Hills	$1,231
Sherman Commons	$1,229
Lake Maxinhall Estates	$1,211
The Islands	$1,208
The Highlands	$1,205
Eagle Cove	$1,200
Central Nora	$1,194
Liberty Creek	$1,190
Trinity Manor	$1,181
Speedway Woods	$1,178
Wedgewood	$1,168
Winchester Village	$1,168
Christian Park	$1,167
Westchester Estates	$1,165
Mars Hill	$1,151
Sheffield Woods	$1,133
Mount Auburn	$1,126
Crooked Creek	$1,116
Tempo North	$1,110
Park Valley Estates	$1,098
Eagledale	$1,082
North Perry	$1,050
Devington	$1,048
Arlington Woods	$1,046
Eastbrooke Meadows	$1,045
Parc Estates	$1,044
New Augusta Woods	$1,044
The Old Northside	$1,038
Deer Creek	$1,036
West Edgewood	$1,026
Otterbein	$996
Arlington Heights	$994
Meadows - Fall Creek	$977
Irvington	$970
Carson Heights	$931
University Heights	$876
Crown Hill	$788

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 23% higher than in Allisonville

$1,563

Fountain Square rent is the same as Indianapolis average

Average Rent $1,563

$1,270

Allisonville rent is 19% lower than Indianapolis average

Average Rent $1,270

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.