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Studio Apartments for Rent in Indianapolis, IN - 37 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, November 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
Nov / 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

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

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 31 listings with a total of 37 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 (Avon Creek Estates 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 $851, but a single-bedroom apartment in Indianapolis, IN can be yours for as low as $448 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 $3,000.