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 Jul / 2026, the average rent in Fountain Square is $1,571 per month, a 3.25% decrease from last years average of $1,623.

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 50% 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: September 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Fountain Square is $1,571, a 3.25% decrease compared to the previous year, when the average rent was $1,623.

One-bedroom apartments provide 717 square feet for $1,460, balancing privacy and affordability.

Average rent in Fountain Square, Indianapolis, IN

Last updated: September 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,571	782 sq. ft.
Studio	n/a	n/a
1 Bed	$1,460	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 3.25% over the past year. The average rent moved from $1,623 to $1,571.

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

The largest share of rentals in Fountain Square, Indianapolis, IN (50%) 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 $784/month

University Heights $872/month

Carson Heights $928/month

All of these neighborhoods fall below the city wide average of $1,268/month.

Most expensive neighborhoods in Fountain Square?

Wholesale District $1,668/month

Cole Noble $1,713/month

North Meridian $1,902/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	$1,902
Cole Noble	$1,713
Wholesale District	$1,668
Sycamore Run	$1,644
Clermont Lakes	$1,640
Chatham Arch and Mass Avenue	$1,633
The Canal and White River State Park	$1,621
Meridian - Kessler	$1,614
Riverside	$1,611
Herron - Morton Place	$1,596
Fletcher Place	$1,595
Fountain Square	$1,571
St. Joseph	$1,566
Reagan Park	$1,503
North Harrison Park	$1,503
Mapleton - Fall Creek	$1,470
Keystone at The Crossing	$1,459
College Park	$1,440
Broad Ripple	$1,435
Southern Springs	$1,381
Delaware Trails	$1,369
Fairgrounds	$1,348
Willow Lakes	$1,348
Castleton	$1,339
Valley Mills	$1,335
Summerfield Place	$1,306
The Park at Buffalo Creek	$1,293
Bayswater - Eagles Watch	$1,290
North Willow	$1,286
Ivy Hills	$1,285
Crooked Creek Heights	$1,284
Shadow Wood South	$1,276
Allisonville	$1,266
Parkwood Terrace	$1,265
Briarstone Villas	$1,262
Marian - Cold Springs	$1,256
Castle Ridge	$1,235
Sherman Commons	$1,228
East Avalon Hills	$1,225
The Islands	$1,219
The Highlands	$1,210
Central Nora	$1,206
Wedgewood	$1,205
Lake Maxinhall Estates	$1,205
Liberty Creek	$1,200
Eagle Cove	$1,191
Trinity Manor	$1,176
Speedway Woods	$1,171
Westchester Estates	$1,162
Mars Hill	$1,160
Christian Park	$1,157
Sheffield Woods	$1,131
Tempo North	$1,114
Mount Auburn	$1,114
Crooked Creek	$1,112
Winchester Village	$1,097
Park Valley Estates	$1,087
Eagledale	$1,081
Deer Creek	$1,072
New Augusta Woods	$1,067
Devington	$1,050
Eastbrooke Meadows	$1,042
Parc Estates	$1,040
North Perry	$1,038
Arlington Woods	$1,037
The Old Northside	$1,035
West Edgewood	$1,021
Arlington Heights	$989
Irvington	$966
Meadows - Fall Creek	$965
Otterbein	$943
Carson Heights	$928
University Heights	$872
Crown Hill	$784

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 24% higher than in Allisonville

$1,571

Fountain Square rent is the same as Indianapolis average

Average Rent $1,571

$1,266

Allisonville rent is 19% 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.