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Luxury Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

220 Rentals Available
  • 87
    Top Rated for Location
    a communal table with a shuffleboard and foosball table at 220 Meridian, Indianapolis, IN 46204 Luxury Bedroom at 220 Meridian, Indianapolis, IN 46204
    4.0
    Today

    220 N. Meridian St., Indianapolis, IN 46204
    27 Units available
    STUDIO $1,461+
    1 BED $1,922+
    2 BEDS $2,762+
    a communal table with a shuffleboard and foosball table at 220 Meridian, Indianapolis, IN 46204 Luxury Bedroom at 220 Meridian, Indianapolis, IN 46204 a round white table with black chairs in a room with floor to ceiling windows at 220 Meridian, Indianapolis, IN, 46204 a meeting room with a table and chairs at 220 Meridian, Indianapolis, IN 46204
    Property reviews
    4/5 Anonymous on Jan 27, 2024

    This is a perfect location to get to everything downtown. The views from our apartment are fantastic. Maintenance and the office are very quick to respond to any issues that come up.

  • a living room with a couch and chairs and a television
    46
    Today

    718 E Georgia Street, Indianapolis, IN 46202
    STUDIO $1,153+
    1 BED $1,268+
    2 BEDS $1,636+
  • a living room with a couch and a table
    36
    Today

    229 S. Delaware St., Indianapolis, IN 46204
    1 BED $1,189+
    2 BEDS $1,440+
    3 BEDS $2,181+
  • a living room and kitchen with a couch and a table
    22
    Today

    307 N Pennsylvania St, Indianapolis, IN 46204
    STUDIO $1,260+
    1 BED $1,625+
    2 BEDS $2,265+
  • a living room with couches and a table and windows
    34
    Today

    632MLK Apartments, Indianapolis, IN 46202
    STUDIO $1,200
    1 BED $1,250+
    2 BEDS $1,800+
  • a living room with a couch and a table and a tv
    39
    Today

    748 Bates Street, Indianapolis, IN 46202
    STUDIO $1,275+
    1 BED $1,525+
    2 BEDS $1,795+
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  • a living room with a couch and a television
    35
    Today

    923 N Meridian St, Indianapolis, IN 46204
    STUDIO $1,110+
    1 BED $1,283+
    2 BEDS $1,560+
  • a kitchen with stainless steel appliances and wooden cabinets
    34
    Today

    26 West Washington Street, Indianapolis, IN 46204
    2 BEDS $1,510+
  • a living room with a white couch and a television
    27
    7 days ago

    459 Massachusetts Avenue, Indianapolis, IN 46204
    1 BED $1,275+
    2 BEDS $1,605+
  • a living room with a couch and a table
    69
    Today

    30 East Georgia St. Ste. C, Indianapolis, IN 46204
    STUDIO $1,045+
    1 BED $1,105+
    2 BEDS $1,160+
  • A living room with a large painting on the wall and a white sofa.
    27
    Today

    902 N. Pennsylvania Street, Indianapolis, IN 46204
    2 BEDS $1,328+
  • the preserve at ballantyne commons apartment kitchen with stainless steel appliances
    34
    Today

    615 N. East Street, Indianapolis, IN 46202
    1 BED $1,030+
    2 BEDS $1,310+
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  • a living room with a white couch and a fireplace
    42
    Today

    434 Canal Ct S Dr, Indianapolis, IN 46202
    1 BED $1,249+
    2 BEDS $1,468+
  • a living room with chairs and a round ottoman
    20
    Today

    255 S. Mccrea Street, Indianapolis, IN 46225
    1 BED $1,300+
  • a living room with a couch and a coffee table
    222
    Today

    3801 N. Meridian St, Indianapolis, IN 46208
    1 BED $950+
    2 BEDS $1,225+
    3 BEDS $1,499+
  • kitchen in apartment
    20
    Today

    747 N College Ave, Indianapolis, IN 46202
    STUDIO $1,650+
    1 BED $1,549+
    2 BEDS $1,899+
  • a living room with a blue couch and pictures of dogs on the wall
    21
    Today

    931 Fletcher Avenue, Indianapolis, IN 46203
    STUDIO $1,199+
    1 BED $1,388+
    2 BEDS $1,742+
  • A modern living room with yellow chairs and a white coffee table.
    Today

    75 W 18Th Street, Indianapolis, IN 46202
    STUDIO $1,099+
    1 BED $1,126+
    2 BEDS $1,599+
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  • A living room with a couch, chair, and a painting on the wall.
    Today

    1701 N Delaware St, Indianapolis, IN 46202
    2 BEDS $1,435
  • a living room with a couch and a table
    18
    Today

    1515 Lewis Street, Indianapolis, IN 46202
    STUDIO $1,149+
    1 BED $1,399+
    2 BEDS $1,599+
  • a living room with couches and chairs and a table
    9
    Today

    1233 Shelby St, Indianapolis, IN 46203
    STUDIO $1,235+
    1 BED $1,385+
    2 BEDS $2,175+
  • a living room with a kitchen and a couch and a table
    58
    Today

    1224 Prospect Street, Indianapolis, IN 46203
    STUDIO $1,121+
    1 BED $1,397+
    2 BEDS Ask for Pricing
  • 2126 N Talbott St 2 Beds Apartment for Rent
    1 day ago

    2126 N Talbott St, Indianapolis, IN 46202
  • a large brick building with a sidewalk in front of it
    211
    Today

    3101 East 10Th Street, Indianapolis, IN 46201
    Income Restricted
    STUDIO $1,500
    1 BED Ask for Pricing
    2 BEDS $625+
  • a kitchen with a stainless steel refrigerator and a sink
    74
    Today

    3720 N Pennsylvania St, Indianapolis, IN 46205
    1 BED $850
    2 BEDS $975
    4 BEDS Ask for Pricing
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Downtown Indianapolis, Indianapolis, IN rent trends

Rental prices in Downtown Indianapolis, Indianapolis, IN have decreased by 0.32% over the past year. The average rent moved from $1,577 to $1,572.

Check out the average rent in Indianapolis.

The national average price of rental apartments is $1,743, while the average monthly rent in Downtown Indianapolis, Indianapolis, IN is $1,572.

Average rent in Downtown Indianapolis, Indianapolis, IN

$1,572/mo Downtown Indianapolis, Indianapolis, IN average rental price, October 2025
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,572.

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

    A share of 3% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 9% of rentals are $2,001-$2,500. Around 51% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 33% of apartments with rents between $1,501-$2,000. A share of 3% of apartment rentals in Indianapolis are in the $2,501-$3,000 range. Meanwhile, 1% of apartment rentals in Indianapolis are in the > $3,000 range.

    The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (51%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Downtown Indianapolis, IN

    83 /100
    Very Walkable
    67 /100
    Good Transit
    99 /100
    Biker's Paradise
    Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

    Frequently asked questions

    What is the price of a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range is between $1,025 and $6,495.

    How many luxury rentals are available in Downtown Indianapolis, Indianapolis, IN on RentCafe?

    There are 77 luxury rentals available on RentCafe. Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 19 Nov 2025.

    What is the average size of a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    The average Downtown Indianapolis, Indianapolis, IN luxury apartment size is 1,013 sq. ft.

    What are the advantages of renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    Renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN comes with many amenities, more space and central locations.

    What are the downsides of renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    Luxury apartments tend to be more expensive and have higher utility bills.

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,036Total Population
    • 7,961 Female
      10,075 Male
    • 31Median Age

    In total, Downtown Indianapolis, Indianapolis, IN has 18,036 residents, 7,961 women and 10,075 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 31.

    Downtown Indianapolis, Indianapolis, IN households

    • 1,993 Family
      7,400 Non-family
    • 509 Children
      8,884 No Children
    • 9,393Total Number of Households
    • 1.14Average People Per Household
    • $61,082Median Household Income

    There is a total of 9,393 households in Downtown Indianapolis, Indianapolis, IN. Of these, 509 have children and 8,884 are without children. Per Census Bureau’s most current estimates, 1,993 family households and 7,400 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.14 people, on average. The median household annual income in Downtown Indianapolis equals $61,082, and the monthly housing costs equal $1,320.

    Downtown Indianapolis, Indianapolis, IN education statistics

    According to data from the U.S. Census Bureau, 2% of the population in Downtown Indianapolis, Indianapolis, IN have no high school education, 25% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 35% hold a Bachelor Degree, and 20% hold a Graduate Degree.

    Renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN

    Are you looking for a luxury apartment in Downtown Indianapolis, Indianapolis, IN? Most of the new apartment buildings in Downtown Indianapolis, Indianapolis, IN are catering to higher-income lifestyle renters who are interested in living in prime locations, which means that there is a nice selection of luxury units available on the market. This type of rentals is becoming very popular and trendy among young professionals, especially millennials. You will find 25 upscale, Class A buildings in Downtown Indianapolis, Indianapolis, IN to choose from, with as many as 220 high-end apartments for rent. Some of the best apartments are located in Downtown Indianapolis, Indianapolis, IN, so finding the perfect apartment that fits your style, whether modern and high-tech, or classic and elegantly furnished, is easier than you think. If having plenty of living space is important to you, newer apartment complexes offer large apartments with open floor-plans, typically above the average apartment size in the area, which is 1,077 Sqft. Some also offer extra storage space, bike racks, and car garages.

    High rise apartments are where luxury meets convenience

    On average, apartments in Downtown Indianapolis, Indianapolis, IN go for $2,023 per month, with the most expensive high-end apartments renting for up to $6,495 per month. Location is key for a convenient lifestyle. Luxury studio apartments, especially those located in a high-rise close to the best restaurants and entertainment in the area, are a top choice for singles. On the other hand, luxury townhomes located near the best school in the Downtown Indianapolis, Indianapolis, IN are what families are looking for. Filter your search results by number of bedrooms and number of baths for a customized list of available apartments in your area. If you like upscale living but are not inclined to spend more than you have to, there are also cheap luxury apartments priced from $625 you can take a look at.

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