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Studio Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

70 Rentals Available
  • 87
    Top Rated for Location
    a communal table with a shuffleboard and foosball table at 220 Meridian, Indianapolis, IN 46204 Luxury Bedroom at 220 Meridian, Indianapolis, IN 46204
    4.0
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    220 N. Meridian St., Indianapolis, IN 46204
    5 Units available
    STUDIO $1,461+
    Property reviews
    4/5 Anonymous on Jan 27, 2024

    This is a perfect location to get to everything downtown. The views from our apartment are fantastic. Maintenance and the office are very quick to respond to any issues that come up.

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    30 East Georgia St. Ste. C, Indianapolis, IN 46204
    STUDIO $1,045+
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    923 N Meridian St, Indianapolis, IN 46204
    STUDIO $1,110+
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    718 E Georgia Street, Indianapolis, IN 46202
    STUDIO $1,153+
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    307 N Pennsylvania St, Indianapolis, IN 46204
    STUDIO $1,260+
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    632MLK Apartments, Indianapolis, IN 46202
    STUDIO $1,200
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    748 Bates Street, Indianapolis, IN 46202
    STUDIO $1,275+
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    210 East Michigan Street, Indianaopolis, IN 46204
    STUDIO $494
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    747 N College Ave, Indianapolis, IN 46202
    STUDIO $1,650+
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    931 Fletcher Avenue, Indianapolis, IN 46203
    STUDIO $1,199+
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    1413 East Washington Street, Indianapolis, IN 46201
    STUDIO $900
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    75 W 18Th Street, Indianapolis, IN 46202
    STUDIO $1,099+
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    1515 Lewis Street, Indianapolis, IN 46202
    STUDIO $1,149+
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    1233 Shelby St, Indianapolis, IN 46203
    STUDIO $1,235+
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    1224 Prospect Street, Indianapolis, IN 46203
    STUDIO $1,121+
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    23 North Rural Street, Indianapolis, IN 46201
    Income Restricted
    STUDIO $982
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    3101 East 10Th Street, Indianapolis, IN 46201
    Income Restricted
    STUDIO $1,500
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    3360 North Meridian St, Indianapolis, IN 46208
    STUDIO Ask for Pricing
  • 5 days ago

    3800 West Michigan, Indianapolis, IN 46222-3385
    STUDIO Ask for Pricing
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    3710 N Meridian St, Indianapolis, IN 46208
    STUDIO $669+
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    3714 Bartlett Ave, Indianapolis, IN 46227
    STUDIO $849
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    2760 Cherry Glen Way, Indianapolis, IN 46227
    STUDIO $799
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    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $770+
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    5858 North College Avenue, Indianapolis, IN 46220
    STUDIO $1,249+
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    5934 Carvel Avenue, Indianapolis, IN 46220
    STUDIO $760+
8-17-nhood
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Downtown Indianapolis, Indianapolis, IN rent trends

Rental prices in Downtown Indianapolis, Indianapolis, IN have increased by 0.84% over the past year. The average rent moved from $1,298 to $1,309.

Average rent in Downtown Indianapolis, Indianapolis, IN

$1,309/mo Downtown Indianapolis, Indianapolis, IN average rental price, September 2025
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,309.

    What's the typical rent budget in Downtown Indianapolis, Indianapolis, IN?

    A share of 1% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 1% of rentals are $2,001-$2,500. Around 87% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 9% of apartments with rents between $1,501-$2,000. A share of 1% of apartment rentals in Indianapolis are in the $2,501-$3,000 range.

    The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (87%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Downtown Indianapolis, IN

    83 /100
    Very Walkable
    67 /100
    Good Transit
    99 /100
    Biker's Paradise
    Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

    Frequently asked questions

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

    The price range of a studio apartment is between $494 and $5,571.

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

    There are 15 studio rentals available on RentCafe. Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 18 Nov 2025.

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

    The average Downtown Indianapolis, Indianapolis, IN studio apartment size is 489 sq. ft.

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

    Studio apartments in Downtown Indianapolis, 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 Downtown Indianapolis, Indianapolis, IN?

    One of the downsides of living in a studio apartment is the limited storage space.

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,036Total Population
    • 7,961 Female
      10,075 Male
    • 31Median Age

    In total, Downtown Indianapolis, Indianapolis, IN has 18,036 residents, 7,961 women and 10,075 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 31.

    Downtown Indianapolis, Indianapolis, IN households

    • 1,993 Family
      7,400 Non-family
    • 509 Children
      8,884 No Children
    • 9,393Total Number of Households
    • 1.14Average People Per Household
    • $61,082Median Household Income

    There is a total of 9,393 households in Downtown Indianapolis, Indianapolis, IN. Of these, 509 have children and 8,884 are without children. Per Census Bureau’s most current estimates, 1,993 family households and 7,400 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.14 people, on average. The median household annual income in Downtown Indianapolis equals $61,082, and the monthly housing costs equal $1,320.

    Downtown Indianapolis, Indianapolis, IN education statistics

    According to data from the U.S. Census Bureau, 2% of the population in Downtown Indianapolis, Indianapolis, IN have no high school education, 25% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 35% hold a Bachelor Degree, and 20% hold a Graduate Degree.