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Studio Apartments for Rent in Indianapolis, IN - 87 Rentals available

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Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RENTCafé listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RENTCafé allows you to find the best fit for you - so, let's find your new home!

Frequently Asked Questions

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

The price range of a studio apartment is between $359 and $3,870. Search our studio apartments in Indianapolis, IN.

How many studio apartments for rent are available in Indianapolis, IN on RENTCafé?

There are 50 studio rentals available on RENTCafé. Prices and availability in Indianapolis, IN were last updated on 23 Jun 2021.

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

The average Indianapolis, IN studio apartment size is 371 sq. ft.

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

Studio apartments in Indianapolis, IN tend to be more affordable than other apartments and they have lower utility costs.

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

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Indianapolis, IN.

Indianapolis, IN Demographics

  • Total Population864,447
  • Female 416,893
    Male 447,554
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, May 2021 $956 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70017%
  • $701-$1,00049%
  • $1,001-$1,50029%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Indianapolis, IN $820 $839 $850 $857 $875 $887 $905 $915 $933 $940 $956
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
/

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households338,208
  • Family 183,037
    Non-family 155,171
  • Children 93,309
    No Children 244,899
  • Average People Per Household2.51
  • Median Household Income$47,873
  • Median Housing Costs Per Month$923

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School37%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree19%
  • Graduate Degree9%

Renting a studio apartment in Indianapolis, IN

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Indianapolis, IN is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 46 listings with a total of 80 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Windsor Village is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Indianapolis, IN average rent is currently at $982, but a single-bedroom apartment in Indianapolis, IN can be yours for as low as $479 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Indianapolis, IN with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Indianapolis, IN costs a monthly $6,055.

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