Indianapolis, IN Rental Market Trends
What is the average rent in Indianapolis?
The average rent for an apartment in Indianapolis is $1,259. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Indianapolis, IN
Last updated July 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,259 | 881 sq. ft. |
What is the average apartment size in Indianapolis?
The average size for a Indianapolis, IN apartment is 881 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
160,653 or 45% of the households in Indianapolis, IN are renter-occupied while 199,012 or 55% are owner-occupied.
Indianapolis, IN rent trends
Average Rent in Indianapolis, IN By Neighborhood
| City | Average Rent |
|---|---|
| Fall Creek and 16th Street Park | $2,022 |
| North Meridian | $1,946 |
| Wholesale District | $1,723 |
| Chatham Arch and Mass Avenue | $1,711 |
| The Canal and White River State Park | $1,647 |
| Sycamore Run | $1,642 |
| Fountain Square | $1,629 |
| Clermont Lakes | $1,624 |
| Oxbow Estates | $1,621 |
| Herron - Morton Place | $1,616 |
| Meridian - Kessler | $1,603 |
| Fletcher Place | $1,593 |
| Cole Noble | $1,570 |
| Devonshire | $1,517 |
| North Harrison Park | $1,515 |
| College Park | $1,500 |
| Greenbrooke | $1,494 |
| Sonesta | $1,477 |
| St. Joseph | $1,476 |
| Broad Ripple | $1,441 |
| Reagan Park | $1,436 |
| Keystone at The Crossing | $1,423 |
| Sherman Commons | $1,414 |
| Southern Springs | $1,389 |
| Valley Mills | $1,382 |
| Mapleton - Fall Creek | $1,381 |
| Delaware Trails | $1,363 |
| Fairgrounds | $1,349 |
| Castleton | $1,346 |
| Summerfield Place | $1,325 |
| Bayswater - Eagles Watch | $1,320 |
| Chapel Hill | $1,319 |
| Crooked Creek Heights | $1,298 |
| North Willow | $1,276 |
| The Park at Buffalo Creek | $1,273 |
| Castle Ridge | $1,271 |
| Trinity Manor | $1,258 |
| Allisonville | $1,247 |
| Briarstone Villas | $1,244 |
| Ivy Hills | $1,244 |
| Willow Lakes | $1,242 |
| Laura Templetons | $1,237 |
| Fall Creek Manor | $1,235 |
| East Avalon Hills | $1,229 |
| Eagle Cove | $1,216 |
| The Islands | $1,212 |
| Lake Maxinhall Estates | $1,211 |
| Parkwood Terrace | $1,209 |
| Shadow Wood South | $1,202 |
| Tempo North | $1,198 |
| The Highlands | $1,195 |
| Wedgewood | $1,191 |
| Rosewood | $1,190 |
| Mount Auburn | $1,187 |
| Liberty Creek | $1,181 |
| Central Nora | $1,175 |
| Winchester Village | $1,163 |
| Mars Hill | $1,160 |
| Westchester Estates | $1,148 |
| Speedway Woods | $1,147 |
| I65 - South Emerson | $1,142 |
| Eastbrooke Meadows | $1,135 |
| Crooked Creek | $1,116 |
| Marian - Cold Springs | $1,114 |
| Sheffield Woods | $1,094 |
| West Edgewood | $1,068 |
| Arlington Woods | $1,064 |
| New Augusta Woods | $1,064 |
| Deer Creek | $1,052 |
| Eagledale | $1,050 |
| Devington | $1,035 |
| Park Valley Estates | $1,027 |
| North Perry | $1,027 |
| The Old Northside | $1,023 |
| East Gate | $1,002 |
| Otterbein | $997 |
| Arlington Heights | $988 |
| Watson's | $985 |
| Parc Estates | $970 |
| Irvington | $968 |
| Glicks East 38th St | $940 |
| Christian Park | $925 |
| University Heights | $902 |
| Carson Heights | $889 |
| Biltmore Gardens | $881 |
| Meadows - Fall Creek | $855 |
| Crown Hill | $771 |
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What are the most affordable neighborhoods in Indianapolis?
The most affordable neighborhoods in Indianapolis are Crown Hill, where the average rent goes for $771/month, Meadows - Fall Creek, where renters pay $855/mo on average, and Biltmore Gardens, where the average rent goes for $881/mo. If you’re looking for other great deals, check out the listings from Carson Heights ($889), University Heights ($902), and Christian Park ($925), where the asking prices are below the average Indianapolis rent of $1,259/mo.
What are the most expensive neighborhoods in Indianapolis?
The most expensive neighborhoods in Indianapolis are Wholesale District ($1,723), North Meridian ($1,946) and Fall Creek and 16th Street Park ($2,022).
What are the most popular neighborhoods in Indianapolis?
The most popular neighborhood in Indianapolis is Eagledale, where there are 13 listings with an average rent of $1,050. Next up is Castleton, where apartments go for $1,346/month, followed by Valley Mills with $1,382 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Liberty Creek, where renters pay $1,181 on average, and Arlington Woods, where the average monthly rent is $1,064.
Indianapolis | Rent Comparison by Neighborhood
Rent in Allisonville is 26% higher than in Arlington Heights
$1,247
Allisonville rent is 1% lower than Indianapolis average
Average Rent
$1,247
$988
Arlington Heights rent is 22% lower than Indianapolis average
Average Rent
$988
How Indianapolis Compares to Other Cities
| State | Average Rent |
|---|---|
| Indianapolis | $1,259 |
| New Albany | $1,116 |
| Fort Wayne | $1,141 |
| Bloomington | $1,582 |
| Evansville | $1,015 |
| Jeffersonville | $1,238 |
| Fishers | $1,641 |
| Lafayette | $1,169 |
| Hammond | $1,268 |
| Carmel | $1,651 |
| Greenwood | $1,363 |
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 $108.16. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Indianapolis
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Quarry At River North
8901 River Crossing Blvd, Indianapolis, IN 46240| STUDIO | $1,465+ |
| 1 BED | $2,055+ |
| 2 BEDS | $1,824+ |
