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Houses for Rent in Indianapolis, IN - 160 Rentals available

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Indianapolis, IN Demographics

  • Total Population853,431
  • Female 411,970
    Male 441,461
  • Median Age34.1

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, December 2019 $888 /mo

Indianapolis, IN Apartment Rent Ranges

  • < $5001%
  • $501-$70025%
  • $701-$1,00051%
  • $1,001-$1,50020%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
Indianapolis, IN $789 $798 $810 $818 $820 $839 $850 $857 $875 $887 $888
National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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Average rent is projected to grow by 4% in 2019 compared to 2018.

Please note that projected rent growth is calculated at city level.

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households333,316
  • Family 186,185
    Non-family 147,131
  • Children 97,007
    No Children 236,309
  • Average People Per Household2.51
  • Median Household Income$44,709
  • Median Housing Costs Per Month$879

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School38%
  • Some College24%
  • Associate Degree6%
  • Bachelor Degree18%
  • Graduate Degree9%

Renting a house in Indianapolis, IN

Do you wish you could live the American Dream minus the roof repairs, fence painting and boiler repairs? You sure can. It’s called rental homes. You are working a steady 9-5, which is sometimes 9-7, so when you finally get home you don’t want to put in a couple of extra hours as an unpaid handyman. The American Dream is about the impeccable backyard lawn where the family dog runs around. It’s about 4th of July barbeques and summer nights spent on your back porch. Of course, the dream is different for everyone, so it all depends on you. And your budget. Regardless of your budget you will manage to find some interesting homes for rent that fit your style. If you are moving from an apartment and are on a tight budget, please keep on reading. The American Dream is not only for the rich and beautiful who can rent a 4 bedroom without blinking.

The road from apartment to house is paved with…

… extra expenses. At least everyone says so. If we compare the price of 3 bedroom apartments to single family homes for rent with the same bedroom count, the house will be more expensive. You are paying more to get a yard, more square footage, storage space and privacy. But if you are looking for cheap houses for rent, you should definitely consider duplexes too. They are slightly more affordable and they come in many forms and bedroom counts. You could rent a 1 bedroom duplex, albeit they are somewhat rarer than their 2 bedroom brothers, and it goes without say that the rent will be much lower than renting a single-family house. If you are taking the smart approach, moving to a house will not cost an arm and a leg. Of the 136 listings in Indianapolis, IN there are plenty of houses you can rent without breaking the bank. And besides, why would you pay extra to stay in a pricey neighborhood, when all you want at the end of a long day is to enjoy the tranquility of your backyard?

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!