Indianapolis, IN Rental Market Trends

Q: What are the most popular neighborhoods in Indianapolis?

The most popular neighborhood in Indianapolis is Eagledale , where there are 12 listings with an average rent of $1,073. Next up is Liberty Creek , where apartments go for $1,160/month, followed by Castleton with $1,247 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Broad Ripple , where renters pay $1,321 on average, and Adler Grove , where the average monthly rent is $1,064.

What is the average rent in Indianapolis?

The average rent for an apartment in Indianapolis is $1,195. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Indianapolis, IN

Last updated March 2024

Average Rent	Average Apartment Size
$1,195	877 sq. ft.

What is the average apartment size in Indianapolis?

The average size for a Indianapolis, IN apartment is 877 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Indianapolis, IN apartment rent ranges

Indianapolis, IN Occupied Housing Units

160,310 or 46% of the households in Indianapolis, IN are renter-occupied while 191,928 or 54% are owner-occupied.

Indianapolis, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Indianapolis, IN By Neighborhood

Neighborhood	Average Rent
College Heights	$1,765
College Meadows	$1,765
Echo Crest	$1,765
Lexington Farms	$1,765
Northridge	$1,765
Orchard Park	$1,765
Sunrise on The Monon	$1,765
The Retreat	$1,765
Walden Pond	$1,765
Woodland	$1,765
North Meridian	$1,674
Wholesale District	$1,668
Chatham Arch and Mass Avenue	$1,525
Cole Noble	$1,525
St. Joseph	$1,525
A V Browns Arlington Manor	$1,517
Benjamin Square	$1,517
Boston Commons	$1,517
Lawrence Community Park	$1,517
Lawton Estates	$1,517
Fletcher Place	$1,506
North Harrison Park	$1,460
Watson Farms	$1,460
The Canal and White River State Park	$1,424
Fall Creek and 16th Street Park	$1,369
Herron - Morton Place	$1,369
Indiana Avenue and IUPUI	$1,369
Lockerbie Square	$1,369
Ransom Place	$1,369
The Old Northside	$1,369
Chesterton	$1,358
Hamilton Heights	$1,358
Keystone at The Crossing	$1,358
Ashton	$1,344
Clermont Lakes	$1,344
Coronado Estates	$1,344
Green Braes	$1,344
Hendricks Heights	$1,344
Highlands at Eagle Crossing	$1,344
Lakeland Manor	$1,344
Links at Eagle Creek	$1,344
Meadows at Eagle Crossing	$1,344
Persimmon Grove	$1,344
Shiloh Creek	$1,344
Sunningdale Commons	$1,344
The Estates of Wynbrooke	$1,344
Timberview at Eagle Creek	$1,344
Williamsburg Villages	$1,344
Wilson's Pinecrest	$1,344
Woodacre	$1,344
Wynbrooke	$1,344
Cottage Home	$1,339
Holy Cross	$1,339
Irish Hills	$1,339
Windsor Park	$1,339
Meridian - Highland	$1,331
Riverside	$1,331
Arden	$1,321
Avalon Hills	$1,321
Broad Ripple	$1,321
Brockton	$1,321
Canterbury	$1,321
Fall Creek Manor	$1,321
Forest Hills	$1,321
Glendale	$1,321
Kessler Commons	$1,321
North Kessler Manor	$1,321
Oxbow Estates	$1,321
Rolling Ridge	$1,321
Warfleigh	$1,321
Hillside	$1,314
Addison Meadows	$1,314
Atkinson	$1,314
Bean Creek	$1,314
Beechcrest	$1,314
Bethel	$1,314
Canby Park	$1,314
Caven and Rockwood	$1,314
Finch Park	$1,314
Fountain Square	$1,314
Fountain Square South	$1,314
Franklin Gardens	$1,314
Garfield Park	$1,314
Meyers	$1,314
Norwood Place	$1,314
Red Maple Grove	$1,314
Sunnyview	$1,314
Woodland Trails	$1,314
Allisonville	$1,308
Devonshire	$1,308
Bates - Hendricks	$1,304
Ravenswood	$1,304
Windcombe	$1,304
Broadmoor	$1,299
Candlelite Village	$1,299
Falcon Lakes	$1,299
Fox Hill Estates	$1,299
Highland - Kessler	$1,299
Morningside	$1,299
Northern Estates	$1,299
Robertson Village	$1,299
Saddlebrook	$1,299
Saddlebrook South	$1,299
Wolfington on Kessler Blvd	$1,299
Bayview	$1,296
Ivy Hills	$1,296
Reagan Park	$1,295
Central Nora	$1,289
Driftwood Hills	$1,289
Glendale Terrace	$1,289
Lake Clearwater	$1,289
Northern Hills	$1,289
Sherwood Forest	$1,289
Sylvan Ridge	$1,289
Lake Maxinhall Estates	$1,263
Meridian - Kessler	$1,263
Admiral's Cove	$1,262
Admiral's Landing	$1,262
Bay Ridge	$1,262
Boulders at Geist	$1,262
Bradford	$1,262
Carraro Estates	$1,262
Chesapeake	$1,262
Cobblestone at Geist	$1,262
Crossing South	$1,262
Crystal Pointe	$1,262
Deer Ridge	$1,262
Eagle Pines at Trittip Farms	$1,262
Echo Pointe	$1,262
Edgewater Terrace	$1,262
Feather Cove	$1,262
Fountain Springs	$1,262
Fox Pointe	$1,262
Geist Valley Estates	$1,262
Glen Cove	$1,262
Harrison Ridge	$1,262
Hidden Creek at Geist	$1,262
Hidden Oak	$1,262
Indian Lake	$1,262
Indian Pointe	$1,262
Kensington Commons	$1,262
Kensington Farms	$1,262
La Pintas	$1,262
Lawrence Woods	$1,262
McCord's Crossing	$1,262
Oakland Hills at Geist	$1,262
Oakland Woods	$1,262
Oaklandon Point	$1,262
Pebblebrook at Geist	$1,262
Persimmon	$1,262
Preserve at Indian Lake	$1,262
Rainbow Highlands	$1,262
Ridge Creek	$1,262
River Oaks at Geist	$1,262
Seven Oaks at Geist	$1,262
St. Claire Place	$1,262
Sunnybrooke	$1,262
Sunset Cove	$1,262
The Highlands at Geist	$1,262
The North Woods at Geist	$1,262
The Woods at Indian Lake	$1,262
Timber Ridge	$1,262
Churchman Estates	$1,260
Cooper Grove	$1,260
Arapaho Ridge	$1,253
Arrowhead at Southern Dunes	$1,253
Bayberry Village	$1,253
Bluff View Meadows	$1,253
Buck Creek Village	$1,253
Cedar Park	$1,253
Cheyenne Lakes at Southern Dunes	$1,253
Chimney Heights	$1,253
Copperwood at Wellingshire	$1,253
Creekbend	$1,253
Deerfield Village	$1,253
Foothill Farms	$1,253
Governors Pointe	$1,253
Harness Lake	$1,253
Huddleston Estates	$1,253
Hudson Bay	$1,253
Jensen Garden Heights	$1,253
Killarney Hill at Murphy's Landing	$1,253
Lighthouse Landing	$1,253
Maple Grove Estates	$1,253
Meridian Meadows	$1,253
Meridian Woods Park	$1,253
Monteo Village	$1,253
Park View at Wellingshire	$1,253
Parke Place	$1,253
Penn Park	$1,253
Perry Commons	$1,253
Plantation Meadows	$1,253
Rahkewood	$1,253
Ridge Hills Trails	$1,253
Ritchling Acres	$1,253
Shannon Lakes	$1,253
Sonesta	$1,253
Southern Dunes	$1,253
Southern Oaks	$1,253
Southwinds Court	$1,253
Southwinds Villas	$1,253
Springbrook	$1,253
Sunshine Gardens	$1,253
The Arbors on Bluff	$1,253
The Depot	$1,253
The Villages of Cobblestone	$1,253
Valley Ridge Farms	$1,253
Wichita Hill at Southern Dunes	$1,253
Amber Ridge	$1,250
Buch Creek Woods	$1,250
Franklin Parke Estates	$1,250
Greenbrooke	$1,250
Holly Hills	$1,250
I65 - South Emerson	$1,250
Mcfarland Farms	$1,250
Muirfield	$1,250
Richmond Hill	$1,250
Southern Lakes	$1,250
Southern Ridge	$1,250
Southern Springs	$1,250
Southern Trails	$1,250
Southport Green	$1,250
Sycamore Run	$1,250
Thompson Park	$1,250
Timbers	$1,250
Waters Edge at Cummins Farm	$1,250
Beechler Estates	$1,247
Castleton	$1,247
Fall Creek Highlands	$1,236
Trilobi Hills	$1,236
Harrison Run	$1,234
College Commons	$1,231
Pennsylvania Heights	$1,231
Glenroy Village	$1,224
Chapel Glen	$1,199
Country Club Place	$1,199
Tremont Gardens	$1,199
Windham Lake	$1,199
Woodpointe	$1,199
Charlevoix Lake	$1,198
Lake Kesslerwood	$1,198
Millersville	$1,198
Bartholomews	$1,198
Canby Home Place	$1,198
Christian Park	$1,198
Forest View Estates	$1,191
Spring Mill Heights	$1,191
Cedar Knolls	$1,182
Delaware Trails	$1,182
Greenbriar	$1,182
North Willow	$1,182
Northbrook	$1,182
Park Meridian	$1,182
Pickwick Commons	$1,182
Spring Mill Estates	$1,182
Spring Mill Ridge	$1,182
Spring Mill Woods	$1,182
Sunset Heights	$1,182
Williston Green	$1,182
Aspen Ridge	$1,181
Chapel Hill	$1,181
Country Village	$1,181
Eagle Valley	$1,181
Farleys Speedway Homeplace	$1,181
Summerfield Place	$1,181
Summerfield South	$1,181
The Islands	$1,181
Twin Oaks	$1,181
Waterwood at Eagle Creek	$1,181
Westridge Village	$1,181
Westwood	$1,181
Keystone Manor	$1,178
Crooked Creek	$1,176
Bay Landing	$1,175
Eagles Landing	$1,175
Traders Cove on the Lake	$1,175
Westchester Estates	$1,170
Ameriplex	$1,166
Bailey Highlands	$1,166
Biltmore Gardens	$1,166
Cloverleaf Farms	$1,166
Drexel Gardens	$1,166
Fairview Station	$1,166
Fleming Garden Place	$1,166
Glennwoods	$1,166
Heatherwood Estates	$1,166
Indianapolis Airport	$1,166
Linhurst	$1,166
Lookout Gardens	$1,166
Morris Park	$1,166
New Heritage	$1,166
Park Fletcher	$1,166
Shadow Wood South	$1,166
Shenandoah	$1,166
Sterling Heights	$1,166
Sungate	$1,166
Sunset Park	$1,166
Victoria Woods	$1,166
Williamsburg	$1,166
Ballinshire Estates	$1,160
Bayswater - Eagles Watch	$1,160
Cobblestone	$1,160
Coventry Woods	$1,160
Deer Creek	$1,160
Eagle Cove	$1,160
Eagle Creek Park	$1,160
Eagle Creek Woods	$1,160
Eagle Springs	$1,160
Eagle Trace Village	$1,160
Gateway West	$1,160
Guion Creek Woods	$1,160
Guion Lakes	$1,160
Hidden Bay	$1,160
Lafayette Square	$1,160
Lakeside Manor	$1,160
Liberty Creek	$1,160
Oakforge Woods	$1,160
The Highlands	$1,160
The Trees	$1,160
The Willows	$1,160
Wedgewood	$1,160
Whitehall Commons	$1,160
The Admirals	$1,160
Mars Hill	$1,155
Maywood	$1,155
Babe Denny	$1,153
Concord	$1,153
Old Southside	$1,153
South Village	$1,153
Beamreach	$1,151
Bridgewater	$1,151
Brunson Acres	$1,151
Castillia	$1,151
Castle Ridge	$1,151
Castleton Estates	$1,151
Castleton Farms	$1,151
Copperfield	$1,151
Eagle Nest	$1,151
East Avalon Hills	$1,151
Fairwood Hills	$1,151
Hamptons at Geist	$1,151
Harbour Pines	$1,151
Hunters Glen	$1,151
Lantern Hills	$1,151
Masthead	$1,151
Pine Ridge Estates	$1,151
Sargent Creek	$1,151
Scarborough Village	$1,151
The Moorings	$1,151
The Villages	$1,151
Woods Edge	$1,151
Yorkshire	$1,151
Augusta Green	$1,148
College Park	$1,148
Crooked Creek Heights	$1,148
Crooked Creek Villages	$1,148
Fieldstone and Brookstone	$1,148
Georgetown Crossing	$1,148
New Augusta	$1,148
New Augusta Woods	$1,148
Park 100	$1,148
Decatur Ridge	$1,142
Huntington Park	$1,142
Valley Mills	$1,142
West Newton	$1,142
Fort Harrison State Park	$1,141
Butler - Tarkington	$1,136
Crown Hill	$1,136
Golden Hill	$1,136
United Northwest	$1,136
Carson Heights	$1,115
Perry Manor	$1,115
Parc Estates	$1,114
Meridian Park	$1,112
Bradford Trace	$1,103
Brookwood Crossing	$1,103
Cumberland Estates	$1,103
Cumberland Lakes	$1,103
Easton	$1,103
Grassy Village	$1,103
Hathaway Homes	$1,103
Heather Hills	$1,103
North German Church Woods	$1,103
Park Valley Estates	$1,103
Parkwood Terrace	$1,103
Rosswood	$1,103
Sheffield Woods	$1,103
Valley Creek	$1,103
Warren Lakes	$1,103
Woodsong	$1,103
Bellaire	$1,100
Crosstown	$1,100
Fairgrounds	$1,100
Fall Creek Place	$1,100
Friends and Neighbors	$1,100
Mapleton - Fall Creek	$1,100
Shelton Heights	$1,099
Cedar Spring	$1,098
Creekside Woods	$1,098
Springs of Hamptons	$1,098
Indianapolis Heights	$1,089
Belmont	$1,087
Hill Valley Estates	$1,086
Hoss South Meridian Highlands	$1,086
North Perry	$1,086
Orchard Park	$1,086
Southcreek	$1,086
Southern Hills	$1,086
Falender's Meadowood	$1,077
Homewood Park West	$1,077
Mount Auburn	$1,077
Speedway Woods	$1,077
South Harrison Park	$1,076
Allen and Sellers	$1,076
Atwell Acres	$1,076
Bechtold	$1,076
Brendon Park	$1,076
Brendonridge	$1,076
Brendonwood	$1,076
Brookside Park	$1,076
Devington	$1,076
Devon	$1,076
Fall Creek Heights	$1,076
Farmington Lakes	$1,076
Franklin Heights	$1,076
Franklin Trails Estates	$1,076
Green Acres	$1,076
Harrison Park	$1,076
Henry Seller's to Lawrence	$1,076
Hy-View Meadows	$1,076
Imperial Gardens	$1,076
Lawrence Manor	$1,076
Lawrence Park	$1,076
Lawrence Terrace	$1,076
Morrow Wood	$1,076
North Lawrence Park	$1,076
Pope Place	$1,076
Records	$1,076
Rosedale Park	$1,076
Shadeland	$1,076
Shadeland Park	$1,076
The Arbor's	$1,076
Waddy's	$1,076
Wallingwood	$1,076
White	$1,076
Wilmington Park	$1,076
Windridge	$1,076
Eagledale	$1,073
Thatcher Park	$1,073
Adler Grove	$1,064
Ashland	$1,064
Belle Arbor	$1,064
Big Run	$1,064
Brookfield Place	$1,064
Burge Terrace	$1,064
Charle Sumac Estates	$1,064
Chessington Grove	$1,064
College Corner	$1,064
Five Points Maple Grove	$1,064
Fox Hollow	$1,064
Franklin Place	$1,064
Franklin Shire	$1,064
Glen Ridge	$1,064
Greythorne	$1,064
Hanover	$1,064
Hanover North	$1,064
Hunters Crossing	$1,064
Irongate	$1,064
Latonia	$1,064
Marlin Meadows	$1,064
Mayfair Village	$1,064
Raymond Park	$1,064
Stable Chase Estates	$1,064
Suncrest	$1,064
The Woods at Grassy Creek	$1,064
Treyburn Lakes	$1,064
Van Arsdel	$1,064
Village at New Bethel	$1,064
Wanamaker Village	$1,064
Whispering Pines	$1,064
Wildcat Run	$1,064
Willow Lakes	$1,064
Wolf Run	$1,064
Creston	$1,059
Fairfax	$1,059
Haughville	$1,059
Hawthorne	$1,059
Marian - Cold Springs	$1,059
Rainbow Ridge	$1,059
Stringtown	$1,059
Forest Manor	$1,050
Bantas Southwood	$1,050
Briarstone Villas	$1,050
Carriage Estates	$1,050
Carson Square	$1,050
Craigwoods	$1,050
Edgewood	$1,050
Forrest Commons	$1,050
Grandview Acres	$1,050
Holly Heights	$1,050
Lancastershire	$1,050
Laura Templetons	$1,050
Lindenwood	$1,050
Lucas Place	$1,050
Rosedale Hills	$1,050
Rosewood	$1,050
Sherman Commons	$1,050
Southdowns	$1,050
Southgate Farms	$1,050
The Park at Buffalo Creek	$1,050
Twin Brooks	$1,050
University Heights	$1,050
Walnut Farms	$1,050
West Edgewood	$1,050
Whalen's Fairhope	$1,050
Winchester Village	$1,050
North Eastwood	$1,048
Meadows - Fall Creek	$1,032
Glicks East 38th St	$1,027
Watson's	$1,027
Trinity Manor	$1,027
Arlington Woods	$1,010
Oaklandon	$982
Wynfield	$982
Bells Run	$964
Cherry Lake	$964
Deer Run	$964
Eastbrooke Meadows	$964
Glick's East 42nd St	$964
Mills and Hauser	$964
Orchard Valley Farms	$964
Pine Hill Estates	$964
Rose Haven	$964
Royal Oaks	$964
The Parks at Winding Ridge	$964
The Roses of Lawrence	$964
Traditions	$964
Warren Woods	$964
Winding Ridge	$964
Irvington	$940
Bullman Home Place	$912
East Gate	$912
Eastwood	$912
Elders Washington Place Heights	$912
Irving Ridge	$912
Shadeland Manor	$912
Tempo	$912
Tempo North	$912
Trinity Estates	$912
Windsor Village	$912
Arlington Heights	$888
Bosart - Brown	$835
Emerson Heights	$835
Englewood	$835
Forest Park	$835
Grace Tuxedo	$835
Little Flower	$835
Rivoli Park	$835
Springdale	$835
St. Clair Place	$835
State Square	$835
TEAR United	$835
Willard Park	$835
Woodruff Place	$835
Brookside	$797
Spades Park	$797
Audubon Gardens	$774
Brookside Sunny Grove	$774
Martindale - Brightwood	$774
North Brookside Park	$774
Oakhill	$774
Otterbein	$774
Sangster Harrison	$774

What are the most affordable neighborhoods in Indianapolis?

The most affordable neighborhoods in Indianapolis are Audubon Gardens, where the average rent goes for $774/month, Brookside Sunny Grove, where renters pay $774/mo on average, and Martindale - Brightwood, where the average rent goes for $774/mo. If you’re looking for other great deals, check out the listings from North Brookside Park ($774), Oakhill ($774), and Otterbein ($774), where the asking prices are below the average Indianapolis rent of $1,195/mo.

What are the most expensive neighborhoods in Indianapolis?

The most expensive neighborhoods in Indianapolis are The Retreat ($1,765), Walden Pond ($1,765) and Woodland ($1,765).

What are the most popular neighborhoods in Indianapolis?

The most popular neighborhood in Indianapolis is Eagledale, where there are 12 listings with an average rent of $1,073. Next up is Liberty Creek, where apartments go for $1,160/month, followed by Castleton with $1,247 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Broad Ripple, where renters pay $1,321 on average, and Adler Grove, where the average monthly rent is $1,064.

Indianapolis | Rent Comparison by Neighborhood

Rent in A V Browns Arlington Manor is 15% higher than in Addison Meadows

$1,517

A V Browns Arlington Manor rent is 27% higher than Indianapolis average

Average Rent $1,517

$1,314

Addison Meadows rent is 10% higher than Indianapolis average

Average Rent $1,314

How Indianapolis Compares to Other Cities

City	Average Rent
Indianapolis	$1,195
Greenwood	$1,233
Jeffersonville	$1,156
Bloomington	$1,612
Carmel	$1,623
Fishers	$1,508
Lafayette	$1,038
New Albany	$1,058
Noblesville	$1,488
Fort Wayne	$1,107
South Bend	$1,322
Lawrence	$1,076
Avon	$1,517
Plainfield	$1,438
Camby	$1,402
Whitestown	$1,584
Franklin	$1,321
Westfield	$1,553
Brownsburg	$1,418
Greenfield	$1,203
Pendleton	$1,323

What is the average price for a storage unit in Indianapolis?

The average rent for a non-climate-controlled 10'x10' storage unit in Indianapolis is $103.75. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Indianapolis

a living room with a blue couch and pictures of dogs on the wall

Pinnex

931 Fletcher Avenue, Indianapolis, IN 46203

Available

Studio	$1,288+
1 BED	$1,471+
2+ BEDS	$1,875+

a living room and kitchen with a table and chairs

The MK

5858 North College Avenue, Indianapolis, IN 46220

Available

Studio	Ask for Pricing
1 BED	$1,593+
2+ BEDS	$2,092+

a living room with a kitchen and a couch and a table

Edge 35

1224 Prospect Street, Indianapolis, IN 46203

8 Units available

Studio	$1,028+
1 BED	$1,456+
2 BEDS	$1,899+

747 Apartments

747 N College Ave, Indianapolis, IN 46202

Available

Studio	Ask for Pricing
1 BED	$1,911+
2+ BEDS	$2,663+

an open living room with a kitchen and a dining area with chairs and a table

7 Pointe Apartments

4724 Round Lake Rd, Indianapolis, IN 46205

10 Units available

1 BED	$919+
2 BEDS	$1,069+
3 BEDS	$1,289

a living room with couches and a coffee table

Lawrence Landing

6875 Faris Avenue, Indianapolis, IN 46226

6 Units available

1 BED	$949
2 BEDS	$1,149

a living room with a white couch and a view of the city

220 Meridian

220 N. Meridian St., Indianapolis, IN 46204

30 Units available

Studio	$1,712+
1 BED	$1,642+
2+ BEDS	$2,466+

a living room with a couch and a coffee table

CityView On Meridian

3801 N. Meridian St, Indianapolis, IN 46208

20 Units available

1 BED	$1,032+
2 BEDS	$1,369+
3 BEDS	$1,586+

a living room with a couch and two chairs and a table

Summit At Keystone

6630 Glenbrook Drive, Indianapolis, IN 46220

19 Units available

1 BED	$899+
2 BEDS	$947+
3 BEDS	$1,224+

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