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Studio Apartments for Rent in Indianapolis, IN - 41 Rentals available

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Indianapolis, IN Demographics

  • Total Population841,449
  • Female 405,843
    Male 435,606
  • Median Age34

Average Rent for Studios in Indianapolis, IN

  • The average rent for studios in Indianapolis, IN, September 2018$820/mo
  • Studio$627
  • 1 Bedroom$737
  • 2 Bedrooms$852

Indianapolis, IN Studios Rent Ranges

  • < $50038%
  • $501-$70039%
  • $701-$1,00015%
  • $1,001-$1,5007%

Indianapolis, IN Studios Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Sep / 2018 $820 $627
Jan / 2018 $819 $634
Sept / 2017 $815 $632
May / 2017 $807 $624
Jan / 2017 $796 $608
Sept / 2016 $787 $593
May / 2016 $777 $581
Jan / 2016 $759 $565
Sept / 2015 $753 $550
May / 2015 $743 $548
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Indianapolis, IN Households

  • Total Number of Households330,243
  • Children 100,519
    No Children 229,724
  • Average People Per Household2.5
  • Median Household Income$41,987
  • Median Housing Costs Per Month$848

Indianapolis, IN Education Statistics

  • No High School5%
  • Some High School40%
  • Some College23%
  • Associate Degree6%
  • Bachelor Degree17%
  • Graduate Degree9%

Renting a studio apartment in Indianapolis, IN

If you’re a fan of living big on a budget, reducing your ecological footprint, and are determined to find an efficiency apartment in Indianapolis, IN, we have great news: on RENTCafé you have 41 small apartment units to choose from in 34 different properties. You may be surprised to know that studio apartments come in a variety of shapes and types. Once you decide on what your must-haves are, you can choose the right studio. If you’ll want your kitchen in the main room, why not aim for the most affordable one room apartments you can find? If you pride yourself on being frugal and always bragging to your friends about the great discounts and sales you just discovered, then put those skills to good use in your search for your next apartment. With the average rent currently at $966, opting for a cheap studio for as low as $475 is certainly a decision you’ll be able to gloat about and your wallet will thank you for.

Top tip: an efficiency apartment can be comfortable

Efficiency apartments may have just one multi-functional room, but it can be pretty spacious. You can get creative with the space, combine furniture and accent design elements in a harmonious and practical way, and you will end up with a very comfortable apartment where you can relax and unwind. If you’re not on a tight budget, you should definitely check out some bachelor flats that have a separate kitchen. You wouldn’t believe the difference it makes. While they don’t cost an arm and a leg, they are typically more expensive than a normal single bedroom apartment, so it’s probably a good idea to aim for the higher end of the price range—the highest price for a studio in Indianapolis, IN is currently $3,000.