Studio Apartments for Rent in Indianapolis, IN
102 Rentals Available

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

1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs. You might be interested in 1 bedroom apartments , 2 bedroom apartments or 3 bedroom apartments , or browse all RentCafe apartments for rent in Indianapolis, IN .

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Popular Zip Codes in Indianapolis, IN

Look for studio apartments near me

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 RentCafe 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, RentCafe 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 $4,636. Search our studio apartments in Indianapolis, IN.

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

There are 64 studio rentals available on RentCafe. Prices and availability in Indianapolis, IN were last updated on 30 Jun 2022.

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 RentCafe apartments for rent in Indianapolis, IN.

Indianapolis, IN Demographics

Total Population869,387
Female 418,738

Male 450,649
Median Age34.2

The total population of Indianapolis, IN is 869,387, of which 418,738 are men and 450,649 are women, according to the most recent U.S. Census Bureau estimates. The residents of Indianapolis have a median age of 34.2.

Average Rent in Indianapolis, IN

Indianapolis, IN Average Rental Price, February 2022 $1,055 ^/mo

Apartments in Indianapolis, IN rent for $1,055 per month, on average.

Indianapolis, IN Apartment Rent Ranges

10% of apartments in Indianapolis, IN are priced between $501-$700. About 41% charge rents in the $701-$1,000 range. Approximately 39% of Indianapolis’s apartment rentals are priced between $1,001-$1,500. Meanwhile, 8% of apartments are in the most expensive $1,501-$2,000 range.

Indianapolis, IN Rent Trends

Average Rent	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Feb / 2022
Indianapolis, IN	$850	$857	$875	$887	$905	$915	$933	$940	$979	$1,020	$1,055
National	$1,362	$1,367	$1,399	$1,407	$1,409	$1,399	$1,403	$1,412	$1,495	$1,591	$1,628

The average monthly rent in Indianapolis, IN is around $1,055, while the national average rent is $1,628.

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

Total Number of Households342,825
Family 186,839

Non-family 155,986
Children 94,154

No Children 248,671

Average People Per Household2.49
Median Household Income$50,813
Median Housing Costs Per Month$939

A total of 342,825 households live in Indianapolis, IN, of which 186,839 are family households and 155,986 are non-family households, per U.S. Census estimates. Of these, approximately 94,154 households have children and 248,671 households do not have children. The average size of a household in Indianapolis, IN is 2.49. The median household income in Indianapolis is $50,813 annually, with $939 per month going towards housing.

Indianapolis, IN Education Statistics

According to Census data, 4% of the population in Indianapolis, IN have no high school education, 37% went to high school, 23% have some college education, 7% earned an Associate Degree, 19% earned a Bachelor Degree, and 10% earned a Graduate Degree.

Most Expensive Studios for Rent
The Vue $1,243 - $6,832
Cheapest Studios for Rent
Villages at Mill Crossing $359 - $999

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 RentCafe you have 102 small apartment units to choose from in 48 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 $1,310, opting for a cheap studio for as low as $359 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 $6,055.

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

Studio Apartments for Rent in Indianapolis, IN 102 Rentals Available

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