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Studio Apartments for Rent in Indianapolis, IN
91 Rentals Available

48-0-city

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Average rent in Indianapolis, IN

$1,155/mo Indianapolis, IN average rental price, February 2023
Image Average Rent

Apartments in Indianapolis, IN rent for $1,155 per month, on average.

Indianapolis, IN apartment rent ranges

5% of apartments in Indianapolis, IN are priced between $501-$700. About 34% charge rents in the $701-$1,000 range. Approximately 48% of Indianapolis’s apartment rentals are priced between $1,001-$1,500. Meanwhile, 12% of apartments are in the most expensive $1,501-$2,000 range.

Indianapolis, IN rent trends

Check out the average rent prices in Indianapolis by neighborhood.

The average monthly rent in Indianapolis, IN is around $1,155, while the national average rent is $1,702.

Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

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

The price range of a studio apartment is between $545 and $2,355. Search our studio apartments in Indianapolis, IN.

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

There are 143 studio rentals available on RentCafe. Prices and availability in Indianapolis, IN were last updated on 24 Mar 2023.

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

The average Indianapolis, IN studio apartment size is 381 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

The total population of Indianapolis, IN is 880,104, of which 426,622 are men and 453,482 are women, according to the most recent U.S. Census Bureau estimates. The residents of Indianapolis have a median age of 34.3.

Indianapolis, IN households

  • 193,246 Family
    158,992 Non-family
  • 96,535 Children
    255,703 No Children
  • 352,238Total Number of Households
  • 2.46Average People Per Household
  • $54,321Median Household Income

A total of 352,238 households live in Indianapolis, IN, of which 193,246 are family households and 158,992 are non-family households, per U.S. Census estimates. Of these, approximately 96,535 households have children and 255,703 households do not have children. The average size of a household in Indianapolis, IN is 2.46. The median household income in Indianapolis is $54,321 annually, with $985 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, 36% went to high school, 22% have some college education, 7% earned an Associate Degree, 20% earned a Bachelor Degree, and 10% earned a Graduate Degree.

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!

Renting a studio apartment in Indianapolis, IN

If you are looking for affordable housing you’re in the right place. There are 93 rental units, with prices starting from as low as $545. Are you the typical bachelor who thinks a house is four wheels with a bed and not a zen-zone where happiness lives? Or maybe you are a very active professional, living the big-city life, practically spending all your existence downtown: working, eating and having fun. Essentially, you’re only going home for sleeping. So why would it bother you that you have your kitchen in the main room and there is no balcony with beautiful views? You don’t have time to enjoy it anyway. And besides, you’re not the type to be staying in anyways. In that case, all you need is a cheap studio. The average size for apartments in Indianapolis, IN is 978 Sqft, but you will end up most probably with something much smaller, which will be nonetheless a good deal. If you’ve already set your mind on the “find efficiency apartment” mode, stop reading now and select “Studio” from our Beds filter. On the other hand, if you’re looking for something that is a bit homier, keep reading.

If you are not Mr. or Mrs. efficiency apartment…

It looks like you’re ballin’ on a budget, but you like your alone time at home. There can be huge differences between a small apartment and a studio apartment. If you like unwinding at home after a long day and cooking on the weekends, we recommend you to search for single bedroom apartments, where you will have a bit more space and a separate kitchen. Let’s face it, moving into a studio just because it’s a good deal it’s not always a good idea. Yes, probably your apartment will be more expensive than the cheapest pad in Indianapolis, IN which is going for $545, but it’s hard to put a price on feeling comfortable in your own home. Going down this path doesn’t necessarily mean either that you will need to overspend, with 48 listings and an average rent of $1,194 you will most likely find a one room apartment to call home.

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