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 Aug / 2026, the average rent in Fountain Square is $1,530 per month, a 4.98% decrease from last years average of $1,610.

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 54% 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: October 03, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Fountain Square is $1,530, a 4.98% decrease compared to the previous year, when the average rent was $1,610.

One-bedroom apartments provide 717 square feet for $1,427, balancing privacy and affordability.

Average rent in Fountain Square, Indianapolis, IN

Last updated: October 03, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,530	782 sq. ft.
Studio	n/a	n/a
1 Bed	$1,427	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 4.98% over the past year. The average rent moved from $1,610 to $1,530.

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

The largest share of rentals in Fountain Square, Indianapolis, IN (54%) 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 $812/month

University Heights $873/month

Carson Heights $943/month

All of these neighborhoods fall below the city wide average of $1,262/month.

Most expensive neighborhoods in Fountain Square?

Wholesale District $1,641/month

Cole Noble $1,718/month

North Meridian $1,862/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	$1,862
Cole Noble	$1,718
Wholesale District	$1,641
Sycamore Run	$1,624
Meridian - Kessler	$1,606
Chatham Arch and Mass Avenue	$1,598
Clermont Lakes	$1,595
The Canal and White River State Park	$1,583
Riverside	$1,580
Fletcher Place	$1,568
St. Joseph	$1,568
Herron - Morton Place	$1,567
Reagan Park	$1,563
Fountain Square	$1,530
North Harrison Park	$1,488
Mapleton - Fall Creek	$1,472
College Park	$1,428
Broad Ripple	$1,421
Keystone at The Crossing	$1,415
Delaware Trails	$1,364
Castleton	$1,334
Willow Lakes	$1,321
Old Southside	$1,314
Summerfield Place	$1,310
Valley Mills	$1,306
Bayswater - Eagles Watch	$1,305
Crooked Creek Heights	$1,303
The Park at Buffalo Creek	$1,286
Ivy Hills	$1,283
Parkwood Terrace	$1,278
Shadow Wood South	$1,277
North Willow	$1,275
Allisonville	$1,266
Marian - Cold Springs	$1,256
Briarstone Villas	$1,252
East Avalon Hills	$1,227
Sherman Commons	$1,226
The Islands	$1,217
Lake Maxinhall Estates	$1,201
The Highlands	$1,196
Central Nora	$1,191
Speedway Woods	$1,181
Wedgewood	$1,180
Liberty Creek	$1,179
Eagle Cove	$1,176
Christian Park	$1,176
Westchester Estates	$1,160
Mars Hill	$1,148
Sheffield Woods	$1,132
Winchester Village	$1,129
Tempo North	$1,122
Crooked Creek	$1,118
Mount Auburn	$1,114
Park Valley Estates	$1,087
Eagledale	$1,076
New Augusta Woods	$1,072
North Perry	$1,053
Parc Estates	$1,047
Devington	$1,046
Eastbrooke Meadows	$1,043
Deer Creek	$1,042
The Old Northside	$1,036
Arlington Woods	$1,034
West Edgewood	$1,032
Arlington Heights	$990
Meadows - Fall Creek	$975
Irvington	$967
Otterbein	$948
Carson Heights	$943
University Heights	$873
Crown Hill	$812

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 21% higher than in Allisonville

$1,530

Fountain Square rent is the same as Indianapolis average

Average Rent $1,530

$1,266

Allisonville rent is 17% lower than Indianapolis average

Average Rent $1,266

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.