Indianapolis, IN Rental Market Trends

What is the average rent in Indianapolis?

The average rent for an apartment in Indianapolis is $1,238. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Indianapolis, IN

Last updated November 2024

Average Rent	Average Apartment Size
$1,238	880 sq. ft.

What is the average apartment size in Indianapolis?

The average size for a Indianapolis, IN apartment is 880 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

160,661 or 45% of the households in Indianapolis, IN are renter-occupied while 195,696 or 55% are owner-occupied.

Indianapolis, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Indianapolis, IN By Neighborhood

City	Average Rent
College Heights	$1,727
College Meadows	$1,727
Echo Crest	$1,727
Lexington Farms	$1,727
Northridge	$1,727
Orchard Park	$1,727
Sunrise on The Monon	$1,727
The Retreat	$1,727
Walden Pond	$1,727
Woodland	$1,727
North Meridian	$1,701
Wholesale District	$1,696
Chatham Arch and Mass Avenue	$1,552
Cole Noble	$1,552
St. Joseph	$1,552
A V Browns Arlington Manor	$1,548
Benjamin Square	$1,548
Boston Commons	$1,548
Lawrence Community Park	$1,548
Lawton Estates	$1,548
Fletcher Place	$1,534
North Harrison Park	$1,494
Watson Farms	$1,494
The Canal and White River State Park	$1,461
Fall Creek and 16th Street Park	$1,425
Herron - Morton Place	$1,425
Indiana Avenue and IUPUI	$1,425
Lockerbie Square	$1,425
Ransom Place	$1,425
The Old Northside	$1,425
Chesterton	$1,399
Hamilton Heights	$1,399
Keystone at The Crossing	$1,399
Ashton	$1,396
Clermont Lakes	$1,396
Coronado Estates	$1,396
Green Braes	$1,396
Hendricks Heights	$1,396
Highlands at Eagle Crossing	$1,396
Lakeland Manor	$1,396
Links at Eagle Creek	$1,396
Meadows at Eagle Crossing	$1,396
Persimmon Grove	$1,396
Shiloh Creek	$1,396
Sunningdale Commons	$1,396
The Estates of Wynbrooke	$1,396
Timberview at Eagle Creek	$1,396
Williamsburg Villages	$1,396
Wilson's Pinecrest	$1,396
Woodacre	$1,396
Wynbrooke	$1,396
Cottage Home	$1,395
Holy Cross	$1,395
Irish Hills	$1,395
Windsor Park	$1,395
Meridian - Highland	$1,390
Riverside	$1,390
Hillside	$1,379
Arden	$1,372
Avalon Hills	$1,372
Broad Ripple	$1,372
Brockton	$1,372
Canterbury	$1,372
Fall Creek Manor	$1,372
Forest Hills	$1,372
Glendale	$1,372
Kessler Commons	$1,372
North Kessler Manor	$1,372
Oxbow Estates	$1,372
Rolling Ridge	$1,372
Warfleigh	$1,372
Ravenswood	$1,356
Windcombe	$1,356
Addison Meadows	$1,354
Atkinson	$1,354
Bean Creek	$1,354
Beechcrest	$1,354
Bethel	$1,354
Canby Park	$1,354
Caven and Rockwood	$1,354
Finch Park	$1,354
Fountain Square	$1,354
Fountain Square South	$1,354
Franklin Gardens	$1,354
Garfield Park	$1,354
Meyers	$1,354
Norwood Place	$1,354
Red Maple Grove	$1,354
Sunnyview	$1,354
Woodland Trails	$1,354
Reagan Park	$1,351
Bates - Hendricks	$1,348
Central Nora	$1,343
Driftwood Hills	$1,343
Glendale Terrace	$1,343
Lake Clearwater	$1,343
Northern Hills	$1,343
Sherwood Forest	$1,343
Sylvan Ridge	$1,343
Allisonville	$1,335
Devonshire	$1,335
Churchman Estates	$1,324
Cooper Grove	$1,324
Arapaho Ridge	$1,320
Arrowhead at Southern Dunes	$1,320
Bayberry Village	$1,320
Bluff View Meadows	$1,320
Buck Creek Village	$1,320
Cedar Park	$1,320
Cheyenne Lakes at Southern Dunes	$1,320
Chimney Heights	$1,320
Copperwood at Wellingshire	$1,320
Creekbend	$1,320
Deerfield Village	$1,320
Foothill Farms	$1,320
Governors Pointe	$1,320
Harness Lake	$1,320
Huddleston Estates	$1,320
Hudson Bay	$1,320
Jensen Garden Heights	$1,320
Killarney Hill at Murphy's Landing	$1,320
Lighthouse Landing	$1,320
Maple Grove Estates	$1,320
Meridian Meadows	$1,320
Meridian Woods Park	$1,320
Monteo Village	$1,320
Park View at Wellingshire	$1,320
Parke Place	$1,320
Penn Park	$1,320
Perry Commons	$1,320
Plantation Meadows	$1,320
Rahkewood	$1,320
Ridge Hills Trails	$1,320
Ritchling Acres	$1,320
Shannon Lakes	$1,320
Sonesta	$1,320
Southern Dunes	$1,320
Southern Oaks	$1,320
Southwinds Court	$1,320
Southwinds Villas	$1,320
Springbrook	$1,320
Sunshine Gardens	$1,320
The Arbors on Bluff	$1,320
The Depot	$1,320
The Villages of Cobblestone	$1,320
Valley Ridge Farms	$1,320
Wichita Hill at Southern Dunes	$1,320
Amber Ridge	$1,318
Buch Creek Woods	$1,318
Franklin Parke Estates	$1,318
Greenbrooke	$1,318
Holly Hills	$1,318
I65 - South Emerson	$1,318
Mcfarland Farms	$1,318
Muirfield	$1,318
Richmond Hill	$1,318
Southern Lakes	$1,318
Southern Ridge	$1,318
Southern Springs	$1,318
Southern Trails	$1,318
Southport Green	$1,318
Sycamore Run	$1,318
Thompson Park	$1,318
Timbers	$1,318
Waters Edge at Cummins Farm	$1,318
Admiral's Cove	$1,307
Admiral's Landing	$1,307
Bay Ridge	$1,307
Boulders at Geist	$1,307
Bradford	$1,307
Carraro Estates	$1,307
Chesapeake	$1,307
Cobblestone at Geist	$1,307
Crossing South	$1,307
Crystal Pointe	$1,307
Deer Ridge	$1,307
Eagle Pines at Trittip Farms	$1,307
Echo Pointe	$1,307
Edgewater Terrace	$1,307
Feather Cove	$1,307
Fountain Springs	$1,307
Fox Pointe	$1,307
Geist Valley Estates	$1,307
Glen Cove	$1,307
Harrison Ridge	$1,307
Hidden Creek at Geist	$1,307
Hidden Oak	$1,307
Indian Lake	$1,307
Indian Pointe	$1,307
Kensington Commons	$1,307
Kensington Farms	$1,307
La Pintas	$1,307
Lawrence Woods	$1,307
McCord's Crossing	$1,307
Oakland Hills at Geist	$1,307
Oakland Woods	$1,307
Oaklandon Point	$1,307
Pebblebrook at Geist	$1,307
Persimmon	$1,307
Preserve at Indian Lake	$1,307
Rainbow Highlands	$1,307
Ridge Creek	$1,307
River Oaks at Geist	$1,307
Seven Oaks at Geist	$1,307
St. Claire Place	$1,307
Sunnybrooke	$1,307
Sunset Cove	$1,307
The Highlands at Geist	$1,307
The North Woods at Geist	$1,307
The Woods at Indian Lake	$1,307
Timber Ridge	$1,307
Lake Maxinhall Estates	$1,305
Meridian - Kessler	$1,305
Bayview	$1,303
Ivy Hills	$1,303
Fall Creek Highlands	$1,287
Trilobi Hills	$1,287
Harrison Run	$1,286
Glenroy Village	$1,282
College Commons	$1,274
Pennsylvania Heights	$1,274
Beechler Estates	$1,271
Castleton	$1,271
Broadmoor	$1,265
Candlelite Village	$1,265
Falcon Lakes	$1,265
Fox Hill Estates	$1,265
Highland - Kessler	$1,265
Morningside	$1,265
Northern Estates	$1,265
Robertson Village	$1,265
Saddlebrook	$1,265
Saddlebrook South	$1,265
Wolfington on Kessler Blvd	$1,265
Babe Denny	$1,255
Concord	$1,255
Old Southside	$1,255
South Village	$1,255
Chapel Glen	$1,231
Country Club Place	$1,231
Tremont Gardens	$1,231
Windham Lake	$1,231
Woodpointe	$1,231
Decatur Ridge	$1,229
Huntington Park	$1,229
Valley Mills	$1,229
West Newton	$1,229
Charlevoix Lake	$1,224
Lake Kesslerwood	$1,224
Millersville	$1,224
Bartholomews	$1,223
Canby Home Place	$1,223
Christian Park	$1,223
Forest View Estates	$1,219
Spring Mill Heights	$1,219
Crooked Creek	$1,217
The Admirals	$1,216
Cedar Knolls	$1,215
Delaware Trails	$1,215
Greenbriar	$1,215
North Willow	$1,215
Northbrook	$1,215
Park Meridian	$1,215
Pickwick Commons	$1,215
Spring Mill Estates	$1,215
Spring Mill Ridge	$1,215
Spring Mill Woods	$1,215
Sunset Heights	$1,215
Williston Green	$1,215
Westchester Estates	$1,215
Augusta Green	$1,214
College Park	$1,214
Crooked Creek Heights	$1,214
Crooked Creek Villages	$1,214
Fieldstone and Brookstone	$1,214
Georgetown Crossing	$1,214
New Augusta	$1,214
New Augusta Woods	$1,214
Park 100	$1,214
Aspen Ridge	$1,211
Chapel Hill	$1,211
Country Village	$1,211
Eagle Valley	$1,211
Farleys Speedway Homeplace	$1,211
Summerfield Place	$1,211
Summerfield South	$1,211
The Islands	$1,211
Twin Oaks	$1,211
Waterwood at Eagle Creek	$1,211
Westridge Village	$1,211
Westwood	$1,211
Beamreach	$1,208
Bridgewater	$1,208
Brunson Acres	$1,208
Castillia	$1,208
Castle Ridge	$1,208
Castleton Estates	$1,208
Castleton Farms	$1,208
Copperfield	$1,208
Eagle Nest	$1,208
East Avalon Hills	$1,208
Fairwood Hills	$1,208
Hamptons at Geist	$1,208
Harbour Pines	$1,208
Hunters Glen	$1,208
Lantern Hills	$1,208
Masthead	$1,208
Pine Ridge Estates	$1,208
Sargent Creek	$1,208
Scarborough Village	$1,208
The Moorings	$1,208
The Villages	$1,208
Woods Edge	$1,208
Yorkshire	$1,208
Keystone Manor	$1,204
Mars Hill	$1,203
Maywood	$1,203
Bay Landing	$1,201
Eagles Landing	$1,201
Traders Cove on the Lake	$1,201
Adler Grove	$1,188
Ashland	$1,188
Belle Arbor	$1,188
Big Run	$1,188
Brookfield Place	$1,188
Burge Terrace	$1,188
Charle Sumac Estates	$1,188
Chessington Grove	$1,188
College Corner	$1,188
Five Points Maple Grove	$1,188
Fox Hollow	$1,188
Franklin Place	$1,188
Franklin Shire	$1,188
Glen Ridge	$1,188
Greythorne	$1,188
Hanover	$1,188
Hanover North	$1,188
Hunters Crossing	$1,188
Irongate	$1,188
Latonia	$1,188
Marlin Meadows	$1,188
Mayfair Village	$1,188
Raymond Park	$1,188
Stable Chase Estates	$1,188
Suncrest	$1,188
The Woods at Grassy Creek	$1,188
Treyburn Lakes	$1,188
Van Arsdel	$1,188
Village at New Bethel	$1,188
Wanamaker Village	$1,188
Whispering Pines	$1,188
Wildcat Run	$1,188
Willow Lakes	$1,188
Wolf Run	$1,188
Ballinshire Estates	$1,183
Bayswater - Eagles Watch	$1,183
Cobblestone	$1,183
Coventry Woods	$1,183
Deer Creek	$1,183
Eagle Cove	$1,183
Eagle Creek Park	$1,183
Eagle Creek Woods	$1,183
Eagle Springs	$1,183
Eagle Trace Village	$1,183
Gateway West	$1,183
Guion Creek Woods	$1,183
Guion Lakes	$1,183
Hidden Bay	$1,183
Lafayette Square	$1,183
Lakeside Manor	$1,183
Liberty Creek	$1,183
Oakforge Woods	$1,183
The Highlands	$1,183
The Trees	$1,183
The Willows	$1,183
Wedgewood	$1,183
Whitehall Commons	$1,183
Ameriplex	$1,180
Bailey Highlands	$1,180
Biltmore Gardens	$1,180
Cloverleaf Farms	$1,180
Drexel Gardens	$1,180
Fairview Station	$1,180
Fleming Garden Place	$1,180
Glennwoods	$1,180
Heatherwood Estates	$1,180
Indianapolis Airport	$1,180
Linhurst	$1,180
Lookout Gardens	$1,180
Morris Park	$1,180
New Heritage	$1,180
Park Fletcher	$1,180
Shadow Wood South	$1,180
Shenandoah	$1,180
Sterling Heights	$1,180
Sungate	$1,180
Sunset Park	$1,180
Victoria Woods	$1,180
Williamsburg	$1,180
Butler - Tarkington	$1,174
Crown Hill	$1,174
Golden Hill	$1,174
United Northwest	$1,174
Carson Heights	$1,169
Perry Manor	$1,169
Cedar Spring	$1,152
Creekside Woods	$1,152
Springs of Hamptons	$1,152
Belmont	$1,148
Fort Harrison State Park	$1,147
Bradford Trace	$1,144
Brookwood Crossing	$1,144
Cumberland Estates	$1,144
Cumberland Lakes	$1,144
Easton	$1,144
Grassy Village	$1,144
Hathaway Homes	$1,144
Heather Hills	$1,144
North German Church Woods	$1,144
Park Valley Estates	$1,144
Parkwood Terrace	$1,144
Rosswood	$1,144
Sheffield Woods	$1,144
Valley Creek	$1,144
Warren Lakes	$1,144
Woodsong	$1,144
Parc Estates	$1,136
Meridian Park	$1,135
Shelton Heights	$1,134
Hill Valley Estates	$1,131
Hoss South Meridian Highlands	$1,131
North Perry	$1,131
Orchard Park	$1,131
Southcreek	$1,131
Southern Hills	$1,131
South Harrison Park	$1,121
Bellaire	$1,116
Crosstown	$1,116
Fairgrounds	$1,116
Fall Creek Place	$1,116
Friends and Neighbors	$1,116
Mapleton - Fall Creek	$1,116
Indianapolis Heights	$1,106
Creston	$1,106
Fairfax	$1,106
Haughville	$1,106
Hawthorne	$1,106
Marian - Cold Springs	$1,106
Rainbow Ridge	$1,106
Stringtown	$1,106
Eagledale	$1,097
Thatcher Park	$1,097
Trinity Manor	$1,095
Falender's Meadowood	$1,094
Homewood Park West	$1,094
Mount Auburn	$1,094
Speedway Woods	$1,094
Bantas Southwood	$1,092
Briarstone Villas	$1,092
Carriage Estates	$1,092
Carson Square	$1,092
Craigwoods	$1,092
Edgewood	$1,092
Forrest Commons	$1,092
Grandview Acres	$1,092
Holly Heights	$1,092
Lancastershire	$1,092
Laura Templetons	$1,092
Lindenwood	$1,092
Lucas Place	$1,092
Rosedale Hills	$1,092
Rosewood	$1,092
Sherman Commons	$1,092
Southdowns	$1,092
Southgate Farms	$1,092
The Park at Buffalo Creek	$1,092
Twin Brooks	$1,092
University Heights	$1,092
Walnut Farms	$1,092
West Edgewood	$1,092
Whalen's Fairhope	$1,092
Winchester Village	$1,092
Allen and Sellers	$1,077
Atwell Acres	$1,077
Bechtold	$1,077
Brendon Park	$1,077
Brendonridge	$1,077
Brendonwood	$1,077
Brookside Park	$1,077
Devington	$1,077
Devon	$1,077
Fall Creek Heights	$1,077
Farmington Lakes	$1,077
Franklin Heights	$1,077
Franklin Trails Estates	$1,077
Green Acres	$1,077
Harrison Park	$1,077
Henry Seller's to Lawrence	$1,077
Hy-View Meadows	$1,077
Imperial Gardens	$1,077
Lawrence Manor	$1,077
Lawrence Park	$1,077
Lawrence Terrace	$1,077
Morrow Wood	$1,077
North Lawrence Park	$1,077
Pope Place	$1,077
Records	$1,077
Rosedale Park	$1,077
Shadeland	$1,077
Shadeland Park	$1,077
The Arbor's	$1,077
Waddy's	$1,077
Wallingwood	$1,077
White	$1,077
Wilmington Park	$1,077
Windridge	$1,077
North Eastwood	$1,075
Irvington	$1,063
Meadows - Fall Creek	$1,056
Forest Manor	$1,056
Glicks East 38th St	$1,049
Watson's	$1,049
Arlington Woods	$1,046
Oaklandon	$1,030
Wynfield	$1,030
Bullman Home Place	$1,022
East Gate	$1,022
Eastwood	$1,022
Elders Washington Place Heights	$1,022
Irving Ridge	$1,022
Shadeland Manor	$1,022
Tempo	$1,022
Tempo North	$1,022
Trinity Estates	$1,022
Windsor Village	$1,022
Bells Run	$1,012
Cherry Lake	$1,012
Deer Run	$1,012
Eastbrooke Meadows	$1,012
Glick's East 42nd St	$1,012
Mills and Hauser	$1,012
Orchard Valley Farms	$1,012
Pine Hill Estates	$1,012
Rose Haven	$1,012
Royal Oaks	$1,012
The Parks at Winding Ridge	$1,012
The Roses of Lawrence	$1,012
Traditions	$1,012
Warren Woods	$1,012
Winding Ridge	$1,012
Arlington Heights	$988
Audubon Gardens	$831
Brookside Sunny Grove	$831
Martindale - Brightwood	$831
North Brookside Park	$831
Oakhill	$831
Otterbein	$831
Sangster Harrison	$831
Brookside	$813
Spades Park	$813
Bosart - Brown	$782
Emerson Heights	$782
Englewood	$782
Forest Park	$782
Grace Tuxedo	$782
Little Flower	$782
Rivoli Park	$782
Springdale	$782
St. Clair Place	$782
State Square	$782
TEAR United	$782
Willard Park	$782
Woodruff Place	$782

What are the most affordable neighborhoods in Indianapolis?

The most affordable neighborhoods in Indianapolis are Bosart - Brown, where the average rent goes for $782/month, Emerson Heights, where renters pay $782/mo on average, and Englewood, where the average rent goes for $782/mo. If you’re looking for other great deals, check out the listings from Forest Park ($782), Grace Tuxedo ($782), and Little Flower ($782), where the asking prices are below the average Indianapolis rent of $1,238/mo.

What are the most expensive neighborhoods in Indianapolis?

The most expensive neighborhoods in Indianapolis are The Retreat ($1,727), Walden Pond ($1,727) and Woodland ($1,727).

What are the most popular neighborhoods in Indianapolis?

The most popular neighborhood in Indianapolis is Meridian - Kessler, where there are 15 listings with an average rent of $1,305. Next up is Eagledale, where apartments go for $1,097/month, followed by Castleton with $1,271 If you’re looking to rent in Indianapolis’s most popular neighborhoods, make sure to also check out Broad Ripple, where renters pay $1,372 on average, and North Meridian, where the average monthly rent is $1,701.

Indianapolis | Rent Comparison by Neighborhood

Rent in A V Browns Arlington Manor is 14% higher than in Addison Meadows

$1,548

A V Browns Arlington Manor rent is 25% higher than Indianapolis average

Average Rent $1,548

$1,354

Addison Meadows rent is 9% higher than Indianapolis average

Average Rent $1,354

How Indianapolis Compares to Other Cities

State	Average Rent
Indianapolis	$1,238
New Albany	$1,088
Bloomington	$1,600
Greenwood	$1,320
South Bend	$1,295
Fort Wayne	$1,167
Jeffersonville	$1,161
Lafayette	$1,108
Hammond	$1,167
Fishers	$1,587
Carmel	$1,618
Plainfield	$1,527
Lawrence	$1,099
Noblesville	$1,521
Franklin	$1,390
Westfield	$1,623
Avon	$1,523
Brownsburg	$1,501
Camby	$1,400
Greenfield	$1,239
Lebanon	$1,029

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 $95.56. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.