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Rental market trends in Indianapolis, IN

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Average Rent in Indianapolis, IN

Avg. RentAnnual Change
Studio - $1,177+15%
1 Bed - $1,174+12%
2 Beds - $1,329+11%
Last updated 3/28/2023

Average Apartment Cost in Indianapolis, IN

The average rent for apartments in Indianapolis, IN, is between $1,174 and $1,329 in 2023. For a studio apartment in Indianapolis, IN, the average rent is $1,177. When it comes to 1-bedroom apartments, the average rent in Indianapolis, IN, is $1,174. For a 2-bedroom apartment, the average rent is $1,329.

Apartment Rent Ranges in Indianapolis, IN

Apartment Prices

Neighborhood Apartment Rent Trends in Indianapolis, IN

NeighborhoodStudio Avg RentAnnual Change
Broad Ripple Village$1,749+20%
Chapel Hill - Ben Davis$1,595--
North Meridian$1,512+4%
Fountain Square$1,390+8%
College Park$1,350-22%
Fletcher Place$1,340+1%
Downtown Indianapolis$1,271+12%
Mass Ave$1,202+17%
Mass Avenue$1,198+16%
Mapleton - Fall Creek$1,195+23%

How Other Cities Compare to Indianapolis, IN

CityStudio Avg RentAnnual Change

Indianapolis, IN Rent Trends

Neighborhood Information for Indianapolis, IN

What are the most affordable neighborhoods in Indianapolis, IN?

The most affordable neighborhoods in Indianapolis are Irvington, where the average 1-bedroom apartment rent goes for $725, Chapel Hill - Ben Davis, where renters pay $740 on average for a 1-bedroom apartment, and Crown Hill, where the average 1-bedroom apartment rent goes for $749. If you're looking for other great deals, check out the listings in Mars Hill ($772 for a 1-bedroom apartment) or East Warren ($800 for a 1-bedroom apartment), compared to the $1,174 average for an Indianapolis 1-bedroom apartment.