Median rent
for residential apartments
in Indianapolis, IN
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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1,589 Indianapolis, IN, USA apartments for rent
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$1, 295 - 3 Bedroom 2.5 Bathroom House In Indianapolis With Great Amenities
5910 Jackie Lane
3
Bed
2.5
Bath
2,280
Sq Ft
Charming 3/2 House Fully Updated | Perfect Blend of Convenience and Tranquility
6220 Clydes Road
3
Bed
2
Bath
1,537
Sq Ft
Newly Remolded Home Close to Downtown Indianapolis with Utilities included
1640 Bellefontaine Street
1
Bed
1
Bath
1,600
Sq Ft
$2300 2 Bedroom 2 Bathroom House In Near North side with great amenities - Minutes from Downtown
2040 N Delaware St
2
Bed
2
Bath
1,500
Sq Ft
$960 - 2 Bedroom 1.5 Bathroom House In Indianapolis With Great Amenities
3820 Sherman Towne Drive
2
Bed
1.5
Bath
956
Sq Ft
$1, 599 - Large 2 Bedroom 1 Bathroom Gorgeous Apartment In Indianapolis With Great Amenities
6148 Winthrop Avenue, Unit 1-2
2
Bed
1
Bath
1,800
Sq Ft
$2, 300 - 4 Bedroom 3 Bathroom House In Indianapolis With Great Amenities
6608 Sunset Lane
4
Bed
3
Bath
2,312
Sq Ft
$1, 800 - 3 Bedroom 2 Bathroom House In Indianapolis minute alway from Downtown.
1202 King Avenue
3
Bed
2
Bath
2,324
Sq Ft
FOR SALE $215, 000 or RENT TO BUY for $1800/month plus down payment.” 1 Bedroom 1 Bathroom Condo In Indianapolis With Great Amenities
25 E 40th St, Unit 7G
1
Bed
1
Bath
939
Sq Ft
$1, 700- 3 Bedroom 2 Bathroom House In Indianapolis With Great Amenities$1, 700- 3 Bedroom 2 Bathroom House In Indianapolis With Great Amenities within walking distance to University of Indianapolis
3521 Shelby Street
3
Bed
2
Bath
1,448
Sq Ft
$2, 300 - 3 Bedroom 2.5 Bathroom House In Indianapolis With Great Amenities
921 N Temple Ave
3
Bed
2.5
Bath
2,100
Sq Ft
$700 - Studio In Downtown Indianapolis With Great Amenities.
1413 East Washington Street
Studio
1
Bath
400
Sq Ft
$1, 445 - 4 Bedroom 2.5 Bathroom House In Indianapolis With Great Amenities
4102 Sunshine Avenue
4
Bed
2.5
Bath
2,584
Sq Ft
$1, 599 - HUGE 1800ft 1 Bedroom 1 Bathroom Apartment In Indianapolis With Great Amenities (+Spare Bedroom / Office)
6148 Winthrop Avenue, Unit 1
1
Bed
1
Bath
1,800
Sq Ft
Single Family Home near Glendale and Broad Ripple in Indianapolis
2511 Baur Drive
3
Bed
1
Bath
1,050
Sq Ft
$2100 - 2 Bedroom 1 Bathroom House In Indianapolis With Great Amenities
6301 Central Avenue
2
Bed
1
Bath
1,050
Sq Ft
$1, 145- 3 Bed 2.5 Bathroom house in Indianapolis with great Amenities
5003 Lewiston Drive
3
Bed
2.5
Bath
1,395
Sq Ft
$1, 300 – 1 Bed / 1 Bath loft in Downtown Indianapolis. Available June 12.
55 South Harding Street, Unit 306
1
Bed
1
Bath
750
Sq Ft
$1, 700 - 3 Bedroom 1 Bathroom Townhouse In Indianapolis With Great Amenities
3120 Ruckle Street, Unit 3120
3
Bed
1
Bath
$2, 200 - 2 Bedroom 2.5 Bathroom Townhouse In Indianapolis With Great Amenities
8643 North Meridian Street, Unit town-homes on meridian
2
Bed
2.5
Bath
2,040
Sq Ft
$1, 400 - 2 Bedroom 1 Bathroom Apartment 2126 N. Talbott St #4 Upstairs unit North Side in HERRON MORTON Historic District
2126 N Talbott St, Unit 4
2
Bed
1
Bath
1,300
Sq Ft
$1, 500 - 3 Bedroom 2 Bathroom Apartment In Indianapolis With Great Amenities
43 W Fall Creek Pkwy S Dr, Unit 1
3
Bed
2
Bath
1,300
Sq Ft
$700. - Studio In Indianapolis With Great Amenities
2525 Lafayette Road, Unit 1
1
Bed
1
Bath
400
Sq Ft
$2, 500 - 3 Bedroom 2 Bathroom House In Indianapolis With Great Amenities
1210 N Senate Ave
3
Bed
2
Bath
1,568
Sq Ft
$1, 500 - 2 Bedroom 1 Bathroom House In Indianapolis With Great Amenities
3557 Caroline Ave
2
Bed
1
Bath
840
Sq Ft
$1, 400 - 3 Bedroom 1.5 Bathroom House In Southport With Great Amenities
7718 Southfield Dr
3
Bed
1.5
Bath
1,161
Sq Ft
Home For Rent In Indianapolis, Indiana
6056 East 16th Street, Indianapolis, IN 46219, USA
2
Bed
1
Bath
900
Sq Ft
Condo For Rent In Indianapolis, Indiana
3137 Guilford Avenue, Indianapolis, IN 46205, USA
3
Bed
1
Bath
1,068
Sq Ft
Home For Rent In Indianapolis, Indiana
1904 Southeastern Avenue, Indianapolis, IN 46201, USA
1
Bed
1
Bath
728
Sq Ft
Indianapolis
Welcome to Indianapolis, Indiana. In case you don’t know, the name of the city comes from the word Indiana + polis (the greek word for city). Simple huh? But not everything is like that in this city. There’re a lot of secrets to find out about Indianapolis, so keep reading.
City Overview
1.76 million “Hoosiers” - the official name of Indiana residents - pack into Indianapolis, making it the 34th largest metropolitan area in the country. We can thank Indianapolis for giving the world Wonder Bread, the Indiana Pacers, David Letterman, and the pharmaceutical company that made Prozac. Hooray! On a more serious note - Indianapolis is also home to five private universities: University of Indianapolis, Butler University, Marian University, University of Indianapolis - Athens Campus, and the world renowned Marian University College of Osteopathic Medicine.
Climate
Every season comes in full force here in Indianapolis. Light snow falls in the winter, while the summers are hot, humid, and muggy. The average temperature in the summer is 75.4 °F. As for the winters, it’s 28.1 °F.
Culture
This city has a lot of cultural claims to fame. Noted American writer Kurt Vonnegut is from Indianapolis, and his lasting effect can be felt on the city to this day. Back in 1977, Elvis Presley played last tunes at a concert at Market Square Arena. Each year, millions flock to Indianapolis to attend the two largest single-day sports events in the world - The Indy 500 and the Brickyard 400.
Demographics
Indianapolis is a part of Great Lake Megapolis, which is one of the largest metro areas on the continents. It is a very mixed city, with large Hispanic and African American community. 4.2% of residents identify themselves as gay, lesbian, bisexual or transgender, which makes Indianapolis the city with the 18th highest percentage of LGBT residents in the United States.
Landmarks
Indianapolis Motor Speedway Museum, Victory Field, Indianapolis Museum of Art, Indiana War Memorial, Monument Circle, Central Canal, Colonel Eli Lilly Civil War Museum - Soldiers & Sailors Monument, Indiana State Capitol, White River State Park.
Outdoors
Tiger Woods would be green with envy over the golfing possibilities here - there are over 40 courses in Indianapolis alone. If hiking is more of your scene, head to Eagle Creek Park and get lost in the 4,500 acres of nature. And be sure to check out the exotic bird sanctuary on the red trail.
Transportation
On those days where you’re too tired or hungover to drive, IndyGo has you covered. IndyGo is Indianapolis’ Public Transportation system used by only 1% of the population. Amtrak trains provide a stress-free connection between Indianapolis and Chicago, IL, New York City, NY, and Washington, DC.
Housing Trends
Average apartment rent in Indianapolis:
$2,648 (-48.2%)
Rent Price |
May | vs Last Month |
|---|---|---|
| Studio apartments | $4,067 | -4.2% |
| 1-bed apartments | $1,695 | -38.7% |
| 2-bed apartments | $2,203 | -48.6% |
| 3-bed apartments | $2,583 | -54.9% |
| 4+ bed apartments | $6,346 | -39.5% |
Over the May 2023, the average rent for an apartment in/near Indianapolis, IN decreased by 48.2% to $2,648.
Compared to the last month, the average price for a rental studio in Indianapolis, IN has decreased by 4.2%. You can expect to rent the studio for $4,067 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 38.7% to $1,695. Pricing for 2-bed apartment also decreased by 48.6% and a place of this size will now cost you $2,203. 3-bed apartment rent pricing starts at $2,583, it decreased by 54.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 39.5% and made it down to $6,346.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Townhouses for rent | $1,740 | -62.6% |
| Rooms for rent | $664 | +31% |
| Houses for rent | $3,326 | -41.2% |
| Condos for rent | $2,627 | -65.6% |
| Apartments for rent | $2,130 | -44.4% |
| Duplexes for rent | $1,475 | N/A |
The median rent for an apartment in Indianapolis, IN decreased by 44.4% to $2,130. Statistics show that house rent price decreased by 41.2% this month making it up to $3,326. Condos faced an upward trend these days. The median rent for a condo decreased by 65.6%, it’s now available for $2,627. An average duplex is now available for $1,475, cause median rent for a duplex remains the same this month. An average room will now go for $664, the median rent price for a room increased by 31%. The median rent for a townhouse decreased by 62.6%, you’ll have to spend around $1,740 to get one.
Finding Apartments For Rent in Indianapolis
Search for thousands of properties for rent with Rentberry. There are a lot of spaces to choose from, so try filtering your search by neighborhood to find apartments or townhomes close to your place of work. Searching for a great view? If you’re lucky enough, you could find a high-rise or a condo for rent facing the White River. Dreaming of a townhouse with a sauna? Search by amenities and select a balcony for your new home. You can also select a pool, gym, high ceilings or anything else you’d like to be a part of the place you’ll call home.
Indianapolis has very distinctive neighborhoods to choose from, so it can be overwhelming to find apartments in the perfect area without a thorough research. But don’t worry, Rentberry has done all the research for you. Searching for apartments with Rentberry is extremely easy, and saves a lot of time. Long gone are the days of filling out repetitive applications for numerous properties. Upload your information once, and start making offers on our convenient platform. With Rentberry, you can include your rental history, credit check results, references – anything that shows that you’re the perfect tenant.
Want to search wider? See thousands of long-term apartments and townhouses in Indianapolis for rent. Or check out long-term houses with utilities included in the Indianapolis metropolitan area. Looking for spacious apartments in Mapleton-Fall Creek? Use Rentberry to search thousands of townhouses and homes for rent in specific neighborhoods. (Check the neighborhood list below to get a good feel of where you should live.) Search 2, 3 and 4 bedroom properties in Indianapolis.
Looking for a space for you and your pets? Easy. Choose from hundreds of pet-friendly apartments in Indianapolis for rent. Are you a student? Search for apartments for rent around the top universities. Herron School of Art and Design, McKinney School of Law, and Indiana University School of Medicine all have nearby student apartments available for rent. With Rentberry, you can easily search and apply for apartments for rent with your college roommates.
Indianapolis Neighborhoods
Mile Square Indianapolis
Nightlife is thriving in downtown Indianapolis. Local partygoers bar hop nonstop every weekend from Friday night to the wee hours of Monday morning - leaving a trail of good times from Meridian Street to Massachusetts Avenue. Put on your comfortable gear, pack a water bottle, and join in on the melee! Downtown is also home to many colleges: Indiana University - Purdue University Indianapolis, University of Indianapolis, and Marian University. The strategic placement of these colleges ensure that there are plenty of affordable apartments in the downtown district.
Castleton
Multi-linguists and polyglots - welcome home to Castleton. This is the most linguistically diverse neighborhood in Indianapolis. You can walk down the streets and hear Hindi, Arabic, Sanskrit, Bengali, German, and Gujarati mixed in with Spanish and English. The average rental price in Castleton is a bit more expensive than the rest of neighborhoods in Indianapolis. Look for condos starting around $990 per month.
Broad Ripple
Bohemian hipsters line the streets sipping craft beers and Tibetan kombucha in this beatnik neighborhood. Grab a locally made hemp bag and stuff it to the brim with hand printed apparel, vintage records, and eclectic thrift shop finds from a day of shopping in Broad Ripple. This neighborhood puts on a number of fun cultural events that you shouldn't miss, including the Broad Ripple Duck Race. It is exactly what it sounds like. Grab a rubber ducky and join in on the fun! Look for fun living spaces in Broad ripple.
Fountain Square
Fountain Square Cultural District is the underground music hub of Indianapolis. Home to world renowned music venues like Hifi, White Rabbit, and Radio Radio, there’s always an opportunity to catch live bands serenading the public. Fountain Square is popular with young artists searching for apartments for rent, and there's no end to fun events. Be sure to check out local garage bands playing their hearts out for the greater good during the summer months.
Crooked Creek
This peaceful residential neighborhood is perfect for small families or those looking to retire. Find locally grown fresh produce and one-of-a-kind trinkets at the Crooked Creek Farmers Market every Wednesday on 71st street. There are many different types of homes or townhomes for rent in Crooked Creek. You can also spend many warm nights hiking the Eagle Creek and Fall Creek Canoe trails.
Mapleton–Fall Creek
Perfectly placed between downtown and Broad Ripple, this picturesque neighborhood offers an affordable oasis between the higher priced alternatives. Studio apartments in Mapleton-Fall Creek start at $400 per month. Be sure to grab a Barramundi sandwich from Goose The Market on North Delaware - you won’t be disappointed!
White River
Outdoors lovers are right at home in this ‘hood. Imagine living back-to-back to 250 acres of sprawling trees, valleys, and lakes. This can be your reality when your closest neighbor is White River State Park. Also closeby are many more attractions: The Indianapolis Zoo, White River Gardens, and Victory Field - home of the Indianapolis Indians. Apartments in White River are moderately priced.
Meridian Kessler
This exclusive neighborhood has many hidden gems. Stop in the Jazz Kitchen on North College St every Wednesday night for a funky dance party. Or head over to Aristocrat Pub & Restaurant - this pub boasts over 60 beers on tap and serves top rated American bar favorites. Search for long-term condos or houses for rent in Meridian Kessler.
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