{"id":145666,"date":"2026-02-02T02:42:33","date_gmt":"2026-02-02T10:42:33","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=145666"},"modified":"2026-04-17T01:11:33","modified_gmt":"2026-04-17T08:11:33","slug":"new-apartments-in-indianapolis-in","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/local-resources\/new-apartments-in-indianapolis-in\/","title":{"rendered":"What are the top zip codes in Indianapolis for new apartments?"},"content":{"rendered":"<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Developers have completed more than 9,200 apartments across <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/indianapolis-in\/\">Indianapolis<\/a> over the last decade, giving renters expanded access to <a href=\"https:\/\/www.rentcafe.com\/\">modern housing<\/a> near employment centers, transit routes, and entertainment districts. Understanding which zip codes attracted the <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/new-apartment-construction\/\" rel=\"\">most development<\/a> can help renters narrow their search and compare locations based on lifestyle and budget priorities.<\/p>\n<p>But which Indianapolis zip codes added the most apartments?<\/p>\n<p><noscript><br data-mce-bogus=\"1\"><\/noscript><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/vVJFl\/full.png\" alt=\"Top 5 Zipcodes for New Apartments in Portland, OR (Table)\" \/><\/noscript><\/p>\n<div style=\"background-color: #edf1f5; padding: 20px; border-radius: 5px;\">\n<p><strong>Here\u2019s where apartment construction concentrated in the last decade:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>Zip code 46204<\/strong> added 3,209 new apartments, the most in the metro area.<\/li>\n<li><strong>Zip code 46202<\/strong> gained 1,773 new rentals.<\/li>\n<li><strong>Zip code 46222<\/strong> welcomed 944 new apartments.<\/li>\n<li><strong>Zip code 46220<\/strong> added 890 new rentals.<\/li>\n<li><strong>Zip code 46237<\/strong> built 617 new apartments.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.indy.gov\/\" target=\"_blank\" rel=\"noopener\">Indianapolis<\/a> combines a below-average cost of living with a growing employment base in healthcare, life sciences, logistics, and technology. The<a href=\"https:\/\/www.rentcafe.com\/cost-of-living-calculator\/us\/in\/indianapolis\/\"> city\u2019s cost of living<\/a> is about 2% lower than the Indiana state average and roughly 10% below the national average, offering residents strong value alongside expanding job opportunities that continue to drive demand for newer apartment communities.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Below is a closer look at the zip codes that saw the highest concentration of new apartment construction.<\/p>\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">3,209 new apartments place zip code 46204 at the center of development<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/46204-in\/\">Zip code 46204<\/a> added 3,209 new apartments, making it Indianapolis\u2019s most active area for new rental construction. The zip code covers the city\u2019s downtown core, placing residents within walking distance of sports venues, cultural institutions, and major office towers.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!4v1770027098406!6m8!1m7!1s6Pvvny0EVRp8ucEluXzPCw!2m2!1d39.77131659169505!2d-86.15437286422005!3f242.92224289707636!4f16.803860743517518!5f0.7820865974627469\" width=\"960\" height=\"400\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Transit access is among the strongest in the city. The Red Line runs through downtown with frequent service, and the Julia M. Carson Transit Center connects multiple IndyGo bus routes. Major employers within or near the zip code include Salesforce, Eli Lilly, IU Health, Elevance Health (Anthem), and state government offices. IUPUI also sits just west of downtown, supporting both employment and housing demand.<\/p>\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">1,773 new apartments expand options in zip code 46202<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/46202-in\/\">Zip code 46202<\/a> gained 1,773 new apartments, reflecting steady development just north and southeast of downtown. The area offers proximity to the urban core while maintaining a slightly lower-density residential feel.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!4v1770027196467!6m8!1m7!1sloCtVMFg86L6L2qOd7j_DA!2m2!1d39.79343041359891!2d-86.1549713218833!3f299.40290997873603!4f6.180030177488547!5f0.7820865974627469\" width=\"960\" height=\"400\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Residents benefit from access to the Red Line along College Avenue, multiple IndyGo bus routes, and direct road connections to downtown via Meridian Street and Virginia Avenue. Commutes to downtown employers typically take under 15 minutes. Major employers within easy reach include Eli Lilly, IU Health Methodist Hospital, Community Health Network facilities, and a wide range of professional services firms located downtown and along the northside employment corridor.<\/p>\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">944 new apartments signal growth in zip code 46222<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/46222-in\/\">Zip code 46222<\/a> added 944 new apartments across several developments, marking a notable increase in rental supply west of downtown. The area has historically been industrial, but recent projects have introduced newer housing at comparatively accessible price points.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!4v1770027311976!6m8!1m7!1s_j6chlZ1UFt3LOTCKu9nNA!2m2!1d39.77379375694863!2d-86.19439539631558!3f338.9121637570952!4f2.4281274891411613!5f0.7820865974627469\" width=\"960\" height=\"400\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">While transit options are more limited than downtown, several IndyGo bus routes serve the area, and major roadways including I-65, I-70, and 16th Street allow quick car commutes. Downtown is typically 10\u201315 minutes away. Allison Transmission\u2019s headquarters is located within the zip code, and residents also commute to IUPUI, IU Health facilities, logistics employers, and downtown offices.<\/p>\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">890 new apartments strengthen inventory in zip code 46220<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/46220-in\/\">Zip code 46220<\/a> added 890 new apartments, supporting demand on Indianapolis\u2019s north side. The area blends established residential streets with newer mixed-use developments and appeals to renters seeking space and neighborhood amenities.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!4v1770027403206!6m8!1m7!1sWrXXJkvMFhqwv5lX0lfkBw!2m2!1d39.86466919970063!2d-86.13981665147618!3f321.05280634326175!4f4.81470486905296!5f0.7820865974627469\" width=\"960\" height=\"400\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The Red Line\u2019s northern terminus provides direct rapid-transit access to downtown, while the Monon Trail offers a popular bike and pedestrian route through the area. Meridian Street and College Avenue support car commuting. While fewer large corporate offices sit within the zip code, residents frequently work downtown or in healthcare and education. Nearby employers include Community Health Network facilities, medical offices, and northside professional services firms.<\/p>\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">617 new apartments add supply in zip code 46237<\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/46237-in\/\">Zip code 46237<\/a> built 617 new apartments, reflecting targeted growth on Indianapolis\u2019s south side. Development here focuses on value-oriented communities with convenient access to regional employment hubs.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!4v1770027530759!6m8!1m7!1sqG4Eqwj5kWINZVZhauGKUA!2m2!1d39.68632326011644!2d-86.05005174164886!3f217.96787139429546!4f6.230967376378231!5f0.7820865974627469\" width=\"960\" height=\"400\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Public transit service is limited, making car access essential. I-465 and major arterial roads connect residents to the airport and surrounding suburbs. Indianapolis International Airport is typically a 15\u201320-minute drive. Major employers accessible from the area include FedEx\u2019s Indianapolis hub, Amazon fulfillment centers, Allison Transmission facilities, and multiple healthcare providers across the southside and Greenwood area.<\/p>\n<h2 style=\"text-align: center; margin: 0 0 16px; font-family: system-ui,-apple-system,Segoe UI,Roboto,Arial,sans-serif;\">Top 5 zip codes for new apartments in Indianapolis, IN<\/h2>\n<div style=\"max-width: 900px; margin: 0 auto;\">\n<table style=\"width: 100%; border-collapse: separate; border-spacing: 0; font-family: system-ui,-apple-system,Segoe UI,Roboto,Arial,sans-serif;\">\n<thead>\n<tr>\n<th style=\"text-align: left; font-weight: bold; padding: 4px 14px; border-bottom: 2px solid #e5e7eb; font-size: 14px;\">Zip code<\/th>\n<th style=\"text-align: left; font-weight: bold; padding: 4px 14px; border-bottom: 2px solid #e5e7eb; font-size: 14px;\">New apartments<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb; font-size: 15px;\">46204<\/td>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb;\">\n<div style=\"position: relative; height: 24px; background: #eaf3f4; border-radius: 4px; overflow: hidden;\">\n<div style=\"position: absolute; inset: 0 auto 0 0; width: 100.0%; background: #4ABBC8; display: flex; align-items: center; justify-content: flex-end; padding-right: 18px; font-weight: bold; color: #fff; font-size: 13px;\">3,209<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb; font-size: 15px;\">46202<\/td>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb;\">\n<div style=\"position: relative; height: 24px; background: #eaf3f4; border-radius: 4px; overflow: hidden;\">\n<div style=\"position: absolute; inset: 0 auto 0 0; width: 55.3%; background: #4ABBC8; display: flex; align-items: center; justify-content: flex-end; padding-right: 18px; font-weight: bold; color: #fff; font-size: 13px;\">1,773<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb; font-size: 15px;\">46222<\/td>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb;\">\n<div style=\"position: relative; height: 24px; background: #eaf3f4; border-radius: 4px; overflow: hidden;\">\n<div style=\"position: absolute; inset: 0 auto 0 0; width: 29.4%; background: #4ABBC8; display: flex; align-items: center; justify-content: flex-end; padding-right: 18px; font-weight: bold; color: #fff; font-size: 13px;\">944<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb; font-size: 15px;\">46220<\/td>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb;\">\n<div style=\"position: relative; height: 24px; background: #eaf3f4; border-radius: 4px; overflow: hidden;\">\n<div style=\"position: absolute; inset: 0 auto 0 0; width: 27.7%; background: #4ABBC8; display: flex; align-items: center; justify-content: flex-end; padding-right: 18px; font-weight: bold; color: #fff; font-size: 13px;\">890<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb; font-size: 15px;\">46237<\/td>\n<td style=\"padding: 4px 14px; border-bottom: 1px solid #e5e7eb;\">\n<div style=\"position: relative; height: 24px; background: #eaf3f4; border-radius: 4px; overflow: hidden;\">\n<div style=\"position: absolute; inset: 0 auto 0 0; width: 19.2%; background: #4ABBC8; display: flex; align-items: center; justify-content: flex-end; padding-right: 18px; font-weight: bold; color: #fff; font-size: 13px;\">617<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"max-width: 900px; margin: 8px auto 0; font-size: 14px; color: #475569;\">* Total new apartments completed between 2015 and 2025.<\/p>\n<p style=\"max-width: 900px; margin: 4px auto 24px; font-size: 14px; color: #475569;\">Source:<br \/>\n<a style=\"color: inherit; text-decoration: underline;\" href=\"https:\/\/www.rentcafe.com\/blog\/\" target=\"_blank\" rel=\"noopener\">RentCafe.com analysis of Yardi data as of July 2025<\/a><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Indianapolis\u2019s rental market has <a href=\"https:\/\/www.colliers.com\/en\/research\/indianapolis\/indianapolis-multifamily-market-report-q1-2025\" target=\"_blank\" rel=\"noopener\">remained stable,<\/a> with newer apartment communities continuing to offer concessions as supply delivers, giving renters leverage in many submarkets. Ongoing job growth in life sciences, healthcare, logistics, and technology supports <a href=\"https:\/\/mmgrea.com\/indianapolis-q2-2025-market-report\/2\/\" target=\"_blank\" rel=\"noopener\">long-term demand<\/a>, particularly near downtown and transit corridors.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Future development activity is expected to continue along IndyGo\u2019s rapid-transit lines. The Red Line remains a major development driver, while the Purple Line and the under-construction Blue Line are expected to support additional infill projects in coming years. While <a href=\"https:\/\/thekirklandco.com\/market_reports\/2024-11_indianapolis-multifamily-market-report\/\" target=\"_blank\" rel=\"noopener\">new construction<\/a> concentrates in a handful of zip codes, Indianapolis still offers a wide range of rental options across both newer and established neighborhoods.<\/p>\n<div style=\"background-color: #edf1f5; padding: 20px; border-radius: 5px;\">\n<h2 class=\"mb-2 mt-4 [.has-inline-images_&amp;]:clear-end font-sans visRefresh2026AnswerSerif:font-editorial font-semimedium visRefresh2026Fonts:font-bold text-base first:mt-0\">FAQ: Renting in Indianapolis\u2019s fastest-growing zip codes<\/h2>\n<p><strong>Q: How many new apartments have been built across these top Indianapolis zip codes in total?<\/strong><\/p>\n<p>A: A total of <strong>9,234 new apartments<\/strong> were completed across Indianapolis within these high-growth zip codes.<\/p>\n<p><strong>Q: Which zip codes have the most new apartments in Indianapolis, and how many were built in each?<\/strong><\/p>\n<p>A: Zip code 46204 leads with 3,209 new apartments, followed by 46202 with 1,773, 46222 with 944, 46220 with 890, and 46237 with 617 new apartments.<\/p>\n<p><strong>Q: How accessible are Indianapolis\u2019s high-supply neighborhoods by public transportation?<\/strong><\/p>\n<p>A: Downtown and north-central areas offer the strongest transit access, particularly along the Red Line and major IndyGo bus routes. Other high-growth areas rely more heavily on car travel but maintain reasonable commute times via interstate and arterial road access.<\/p>\n<p><strong>Q: Which major employers are within commuting distance of Indianapolis\u2019s top construction areas?<\/strong><\/p>\n<p>A: Major employers include Eli Lilly, Salesforce, IU Health, Elevance Health, Allison Transmission, FedEx, Amazon, and IUPUI, along with numerous healthcare, logistics, and professional services employers across the metro area.<\/p>\n<p><strong>Q: How does the cost of living in Indianapolis compare to the national average?<\/strong><\/p>\n<p>A: The cost of living in Indianapolis, IN is <span class=\"coli-compare-header-value\"><span class=\"value-lower percentage\">2%\u00a0lower<\/span><\/span>\u00a0than the state average and\u00a0<span class=\"coli-compare-header-value\"><span class=\"value-lower percentage\">10%\u00a0lower<\/span>\u00a0<\/span>than the national average.<\/p>\n<\/div>\n<h2>Methodology<\/h2>\n<p><a href=\"https:\/\/www.rentcafe.com\/\"><em>RentCafe.com<\/em><\/a><em>\u00a0is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the U.S.<\/em><\/p>\n<p><em>This study uses data from 2015\u20132025, with the \u2018last decade\u2019 referring to this period.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers have completed more than 9,200 apartments across Indianapolis over the last decade, giving renters expanded access to modern housing near employment centers, transit routes, and entertainment districts. Understanding which zip codes attracted the most development can help renters narrow their search and compare locations based on lifestyle and budget priorities. But which Indianapolis zip&hellip;<\/p>\n","protected":false},"author":3055,"featured_media":145673,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[38805,38988],"class_list":["post-145666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-resources","tag-indianapolis-in-guides","tag-local-guides","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the top zip codes in Indianapolis for new apartments?<\/title>\n<meta name=\"description\" content=\"Find out which five Indianapolis zip codes stand out for recent rental growth and new apartment availability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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