Rental market trends in Indianapolis, IN
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Average Apartment Cost in Indianapolis, IN
Apartment Rent Ranges in Indianapolis, IN
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Indianapolis, IN
| Neighborhood | Studio Avg Rent | Annual 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% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Fletcher Place | $1,640 | +17% |
| Indiana Avenue | $1,601 | +21% |
| Downtown Indianapolis | $1,591 | +12% |
| Mass Avenue | $1,544 | +13% |
| Fountain Square | $1,540 | +17% |
| Martindale - Brightwood | $1,475 | +11% |
| Hillside | $1,475 | +11% |
| Southern Dunes | $1,385 | +12% |
| Meridian Kessler | $1,375 | -- |
| North Side | $1,367 | +10% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Mass Avenue | $2,091 | +16% |
| Fountain Square | $1,925 | +8% |
| Meridian Kessler | $1,791 | -- |
| Downtown Indianapolis | $1,777 | 0% |
| Martindale - Brightwood | $1,730 | +6% |
| Hillside | $1,730 | +6% |
| Keystone at The Crossing | $1,655 | +16% |
| Mapleton - Fall Creek | $1,645 | +25% |
| North Side | $1,637 | +12% |
| Southern Dunes | $1,615 | +15% |
How Other Cities Compare to Indianapolis, IN
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Plainfield | $1,775 | -- |
| Brownsburg | $1,405 | -2% |
| Fishers | $1,205 | +18% |
| Bloomington | $1,175 | +28% |
| Noblesville | $1,097 | +6% |
| Carmel | $1,053 | +11% |
| Greenwood | $1,044 | -4% |
| Westfield | $1,022 | -1% |
| Pendleton | $745 | -- |
| Columbus | $695 | 0% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Fishers | $1,596 | +9% |
| Carmel | $1,562 | +7% |
| Zionsville | $1,549 | +28% |
| Brownsburg | $1,445 | +5% |
| Westfield | $1,420 | -1% |
| Whitestown | $1,395 | +41% |
| Avon | $1,252 | -19% |
| Noblesville | $1,150 | +10% |
| Columbus | $1,136 | +6% |
| Bloomington | $1,127 | +21% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Fishers | $2,066 | +10% |
| Brownsburg | $2,027 | +4% |
| Carmel | $1,880 | +5% |
| Zionsville | $1,849 | +30% |
| Whitestown | $1,790 | +48% |
| Westfield | $1,700 | +3% |
| Avon | $1,522 | -11% |
| Noblesville | $1,370 | +12% |
| Greenfield | $1,347 | +13% |
| Greenwood | $1,312 | +16% |
Indianapolis, IN Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1024 | $1055 | $1055 | $1057 | $1074 | $1108 | $1124 | $1092 | $1120 | $1124 | $1177 | $1181 | $1177 |
| $1047 | $1046 | $1071 | $1085 | $1098 | $1131 | $1139 | $1135 | $1140 | $1149 | $1184 | $1190 | $1181 |
| $1197 | $1197 | $1205 | $1209 | $1228 | $1260 | $1260 | $1272 | $1286 | $1301 | $1335 | $1342 | $1330 |
| $1269 | $1297 | $1301 | $1332 | $1359 | $1437 | $1443 | $1450 | $1480 | $1472 | $1489 | $1519 | $1610 |
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.
What are the most expensive neighborhoods in Indianapolis, IN?
The most expensive neighborhoods in Indianapolis are Broad Ripple Village, where the average 1-bedroom apartment rent goes for $2,149, Fletcher Place, where renters pay $1,640 on average for a 1-bedroom apartment, and Indiana Avenue, where the average 1-bedroom apartment rent goes for $1,601. If you're looking for other premium neighborhoods, check out the listings in Downtown Indianapolis ($1,591 for a 1-bedroom apartment) or Mass Avenue ($1,544 for a 1-bedroom apartment), compared to the $1,174 average for an Indianapolis 1-bedroom apartment.
What are the most popular neighborhoods in Indianapolis, IN?
The most popular neighborhoods in Indianapolis are Martindale - Brightwood, where the average 1-bedroom apartment rent goes for $1,475, Hillside, where renters pay $1,475 on average for a 1-bedroom apartment, and Near Eastside, where the average 1-bedroom apartment rent goes for $827. If you're looking for other popular neighborhoods, check out the listings in Near Northside ($849 for a 1-bedroom apartment) or Grace Tuxedo Park ($827 for a 1-bedroom apartment), compared to the $1,174 average for an Indianapolis 1-bedroom apartment.
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