Nora, Indianapolis, IN Rental Market Trends
Last updated: October 03, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Nora is $1,388, a 1.09% increase compared to the previous year, when the average rent was $1,373.
Studio Apartments at $1,021 offer the most budget-friendly option with 508 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $1,230, balancing privacy and affordability.
Two-bedroom units at $1,505 offer 1,067 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,466 sq ft) for $2,049, suitable for larger households.
Average rent in Nora, Indianapolis, IN
Last updated: October 03, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,388 | 899 sq. ft. |
| Studio | $1,021 | 508 sq. ft. |
| 1 Bed | $1,230 | 705 sq. ft. |
| 2 Beds | $1,505 | 1,067 sq. ft. |
| 3 Beds | $2,049 | 1,466 sq. ft. |
Nora, Indianapolis, IN rent trends
Rental prices in Nora, Indianapolis, IN have increased by 1.09% over the past year. The average rent moved from $1,373 to $1,388.
What's the typical rent budget in Nora, Indianapolis, IN?
The largest share of rentals in Nora, Indianapolis, IN (55%) 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 Nora, Indianapolis, IN?
8,207 or 48% of the households in Nora, Indianapolis, IN are renter-occupied while 8,718 or 52% are owner-occupied.
Most affordable neighborhoods in Nora?
Crown Hill $805/month
University Heights $883/month
Otterbein $948/month
All of these neighborhoods fall below the city wide average of $1,262/month.Most expensive neighborhoods in Nora?
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 |
| Riverside | $1,581 |
| 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 |
| 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 |
| 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 Allisonville is 26% higher than in Arlington Heights
$1,260
Allisonville rent is 9% lower than Indianapolis average
Average Rent
$1,260
$1,002
Arlington Heights rent is 28% lower than Indianapolis average
Average Rent
$1,002
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 Nora 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.