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 Sep / 2026, the average rent in Fountain Square is $1,527 per month, a 4.76% decrease from last years average of $1,604.

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

Highlights

The average rent for an apartment in Fountain Square is $1,527, a 4.76% decrease compared to the previous year, when the average rent was $1,604.

One-bedroom apartments provide 717 square feet for $1,426, balancing privacy and affordability.

Average rent in Fountain Square, Indianapolis, IN

Last updated: November 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,527	782 sq. ft.
Studio	n/a	n/a
1 Bed	$1,426	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 4.76% over the past year. The average rent moved from $1,604 to $1,527.

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 $805/month

University Heights $883/month

Otterbein $948/month

All of these neighborhoods fall below the city wide average of $1,270/month.

Most expensive neighborhoods in Fountain Square?

Wholesale District $1,648/month

Cole Noble $1,718/month

North Meridian $1,855/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	$1,855
Cole Noble	$1,718
Wholesale District	$1,648
Sycamore Run	$1,625
Meridian - Kessler	$1,606
Chatham Arch and Mass Avenue	$1,602
Clermont Lakes	$1,593
The Canal and White River State Park	$1,593
St. Joseph	$1,586
Fletcher Place	$1,573
Herron - Morton Place	$1,549
College Park	$1,531
Fountain Square	$1,527
North Harrison Park	$1,494
Mapleton - Fall Creek	$1,489
Reagan Park	$1,473
Broad Ripple	$1,427
Keystone at The Crossing	$1,418
Delaware Trails	$1,377
Fairgrounds	$1,352
Castleton	$1,343
The Park at Buffalo Creek	$1,335
Old Southside	$1,326
Willow Lakes	$1,323
Summerfield Place	$1,321
Bayswater - Eagles Watch	$1,317
Greenbrooke	$1,311
Valley Mills	$1,309
The Highlands	$1,296
Crooked Creek Heights	$1,296
Ivy Hills	$1,294
Shadow Wood South	$1,292
North Willow	$1,289
Parkwood Terrace	$1,278
Sherman Commons	$1,266
Briarstone Villas	$1,262
Allisonville	$1,260
Marian - Cold Springs	$1,256
The Islands	$1,241
East Avalon Hills	$1,241
Lake Maxinhall Estates	$1,212
Eagle Cove	$1,208
Central Nora	$1,190
Christian Park	$1,179
Speedway Woods	$1,177
Westchester Estates	$1,174
Liberty Creek	$1,174
Wedgewood	$1,166
Mars Hill	$1,158
Sheffield Woods	$1,152
Winchester Village	$1,132
Tempo North	$1,122
Crooked Creek	$1,122
Mount Auburn	$1,106
Eagledale	$1,098
Park Valley Estates	$1,096
New Augusta Woods	$1,085
Devington	$1,077
North Perry	$1,067
Eastbrooke Meadows	$1,054
Parc Estates	$1,052
The Old Northside	$1,048
Arlington Woods	$1,041
Deer Creek	$1,038
West Edgewood	$1,037
Arlington Heights	$1,002
Meadows - Fall Creek	$993
Irvington	$978
Carson Heights	$949
Otterbein	$948
University Heights	$883
Crown Hill	$805

Indianapolis | Rent Comparison by Neighborhood

Rent in Fountain Square is 21% higher than in Allisonville

$1,527

Fountain Square rent is the same as Indianapolis average

Average Rent $1,527

$1,260

Allisonville rent is 17% lower than Indianapolis average

Average Rent $1,260

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.