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42 Houses

Average Rent in Indianapolis, IN

Avg. RentAnnual Change
Indianapolis Studio - $1,295+9%
Indianapolis 1 Bed - $1,205+4%
Indianapolis 2 Beds - $1,398+3%

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Local Guide

See what Indianapolis, IN has to offer.

Local Reviews

Places like Walmart and McDonald's are great experience with the company and service for this ad and to the movies

Demographics

Education

High School

56%

Associate's

33%

Bachelor's

8%

Master's

3%

Doctorate

0%

Family Size

2 people

39%

3 people

22%

4 people

20%

5 people

12%

6+ people

6%

Household Income

0-50k

67%

50-100k

25%

100-150k

6%

150-200k

1%

200k+

1%

Age

0-10

19%

10-20

15%

20-45

36%

45-65

22%

65+

8%

Affordability

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Far East Side, Indianapolis, IN

In Indianapolis, IN, as of 2024, the average rent for apartments ranges from $1,205 to $1,398. Specifically, the average rent for a studio apartment in Far East Side, Indianapolis, IN is $1,295. For those seeking a 1-bedroom apartments, the average rent is $1,205. And for a 2-bedroom apartment, renters can expect to pay an average of $1,398.

Annual Rent Change Over the Past 12 Months

Studio

+9%

Changed from $1,188 to $1,295
1 Bed

+4%

Changed from $1,159 to $1,205
2 Beds

+3%

Changed from $1,357 to $1,398

Cost of Living

Compared to State Average

1.3%

Compared to National Average

7.3%

The cost of living in Far East Side, Indianapolis, IN is 1.3% lower than the state average and 7.3% lower than the national average. Far East Side, Indianapolis, IN housing is 20.9% less expensive than the U.S average, while utilities are about 0.2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.2% less in Far East Side, Indianapolis, IN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 10.9% less here compared to the U.S. average.
Cost of Living in Far East Side, Indianapolis, INCompared to State AverageCompared to National Average
Housing
0.3%
20.9%
Utilities
2.8%
0.2%
Food
1.1%
0.2%
Transportation
0.2%
4.4%
Healthcare
5.4%
10.9%

Compare Other Cities

CityStudio Avg RentAnnual Change
Fishers$1,305+8%
Indianapolis$1,295+9%
Carmel$1,292+15%
Brownsburg$1,160-6%
Noblesville$1,097-1%
Crawfordsville$1,095+39%
Westfield$1,073-20%
Greenwood$963-16%
Lebanon$850--
Mooresville$775--
Columbus$730+5%
Kokomo$715+8%
Muncie$595-8%
Connersville$500--
Anderson$4620%
City1 Bed Avg RentAnnual Change
Carmel$1,610+4%
Westfield$1,494+4%
Zionsville$1,462+4%
Noblesville$1,363+3%
Avon$1,265-4%
Brownsburg$1,265-16%
Indianapolis$1,205+4%
Fishers$1,195-25%
Columbus$1,172-8%
Greenwood$1,122-11%
Greenfield$1,059-6%
Lebanon$975+17%
Martinsville$929+13%
Kokomo$912+10%
New Castle$871+5%
Mooresville$870--
Shelbyville$8110%
Anderson$783+6%
Muncie$695+3%
Connersville$650--
Frankfort$600--
Crawfordsville$600-20%
City2 Beds Avg RentAnnual Change
Westfield$1,767+6%
Zionsville$1,663-11%
Avon$1,547-1%
Fishers$1,405-32%
Indianapolis$1,398+3%
Brownsburg$1,388-27%
Greenwood$1,363-13%
Noblesville$1,340-8%
Columbus$1,330+1%
Greenfield$1,232-4%
Frankfort$1,200--
Crawfordsville$1,095+10%
Lebanon$1,089+10%
Martinsville$1,075+10%
Kokomo$1,037+12%
Mooresville$980--
Shelbyville$966+1%
Anderson$949+11%
New Castle$934+6%
Muncie$895+12%
Connersville$800--

Compare Neighborhoods

Chapel Hill - Ben Davis

$574

1 Bed Avg. Rent

Martindale - Brightwood

$675

1 Bed Avg. Rent

Crown Hill

$725

1 Bed Avg. Rent

What are the most affordable neighborhoods in Indianapolis, IN?

For renters in Indianapolis seeking more affordable options, the neighborhoods to watch are Chapel Hill - Ben Davis, Martindale - Brightwood, and Crown Hill, where average rents for 1-bedroom apartments stand at $574, $675, and $725 respectively. Additional areas offering value are Irvington and Near Southeast, where the rents are $729 and $729, a favorable comparison to Indianapolis's overall 1-bedroom average of $1,205.

What are the most expensive neighborhoods in Indianapolis, IN?

In Indianapolis, the neighborhoods commanding the highest rents are Meridian Kessler, Broad Ripple Village, and Fountain Square. A 1-bedroom apartment in Meridian Kessler averages at $2,020, in Broad Ripple Village it averages $1,749, and in Fountain Square, the average is $1,658. For additional high-end living options, Fletcher Place offers 1-bedroom apartments at $1,615, and Near Northside at $1,456. These rates compare to the overall average rent of $1,205 for a 1-bedroom apartment in Indianapolis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Indianapolis, IN?

In Indianapolis, the most sought-after neighborhoods for renters include Near Northside, Old Northside, and Near Eastside. In Near Northside, the average rent for a 1-bedroom apartment is $1,456. Old Northside sees average rents of $764 for a 1-bedroom unit. Near Eastside offers similar appeal with 1-bedroom apartments averaging $997. For those seeking other popular areas, Chatham Arch presents 1-bedroom apartments at $1,175, and Mapleton - Fall Creek at $1,285. These prices are set against the backdrop of the city-wide average of $1,205 for a 1-bedroom apartment in Indianapolis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Mass Ave$1,702+40%
West Side$1,589+45%
Chapel Hill - Ben Davis$1,559+21%
Meridian Kessler$1,444--
Broad Ripple Village$1,424-11%
Downtown Indianapolis$1,372+10%
Fletcher Place$1,3400%
Fountain Square$1,332+28%
I65-South Emerson$1,300--
North Side$1,230+7%
Mass Avenue$1,200-1%
Mapleton - Fall Creek$1,095-8%
South Perry$967+5%
Fairgrounds$939+20%
Valley Mills$927+2%
Eagledale$853+119%
Near Northside$840+16%
Near Eastside$838--
Christian Park$838--
Far East Side$825+14%
East Side$825+10%
South Broad Ripple$799-6%
Chatham Arch$7650%
South Side$719-35%
Old Northside$699-26%
Irvington$675--
Garfield Park$675--
Near Westside$650+31%
Crown Hill$550-8%
Neighborhood1 Bed Avg RentAnnual Change
Broad Ripple Village$1,749-13%
Fountain Square$1,658+9%
Fletcher Place$1,615-4%
Near Northside$1,456+4%
Downtown Indianapolis$1,454-7%
North Side$1,440+4%
Fairgrounds$1,315+8%
South Perry$1,294+44%
Mapleton - Fall Creek$1,285-1%
Mass Ave$1,280-12%
Southern Dunes$1,268--
Glenn's Valley$1,180+1%
Chatham Arch$1,1750%
Valley Mills$1,146+15%
South Side$1,094+3%
Five Points$1,051+13%
Near Westside$1,029+96%
Mass Avenue$1,025-35%
South Broad Ripple$1,019+4%
West Side$1,008+10%
Near Eastside$997+11%
Devington$975+12%
Mars Hill$949--
Far East Side$945+11%
East Warren$9250%
East Side$889+5%
I65-South Emerson$849-1%
Christian Park$804--
Eagledale$765-9%
Old Northside$764-36%
Irvington$729+8%
Near Southeast$729--
Crown Hill$725+4%
Martindale - Brightwood$675-54%
Chapel Hill - Ben Davis$574-22%
Neighborhood2 Beds Avg RentAnnual Change
Meridian Kessler$2,234--
Fairgrounds$1,995+63%
Fountain Square$1,990+1%
Near Northside$1,850+5%
Downtown Indianapolis$1,805-5%
North Side$1,623-2%
Mapleton - Fall Creek$1,535-2%
Southern Dunes$1,517--
Glenn's Valley$1,472+16%
Mass Ave$1,430-21%
West Side$1,284+5%
South Side$1,282+3%
Five Points$1,258+14%
Valley Mills$1,250+6%
South Perry$1,209+9%
Mass Avenue$1,208-43%
East Warren$1,175+6%
South Broad Ripple$1,159+10%
Near Westside$1,149+35%
Chatham Arch$1,1400%
East Side$1,134+8%
Far East Side$1,109+11%
Garfield Park$1,099--
Mars Hill$1,030+13%
Eagledale$1,018-2%
I65-South Emerson$999+4%
Old Northside$929-42%
Near Eastside$899+20%
Near Southeast$879+14%
Irvington$849+8%
Crown Hill$849+2%
Devington$700-27%
Chapel Hill - Ben Davis$627-26%

Transportation

Commute Time

0-15 Mins

23%

15-30 Mins

42%

30-40 Mins

22%

40-60 Mins

8%

60+ Mins

5%

Transportation Scores

Percentage: 2626

Walk Score®

Percentage: 3939

Bike Score®

Percentage: 2525

Transit Score®

Area Amenities

Top Score

Childcare

3/5 stars based on undefined reviews

Far East Side Indianapolis earns a gold star for childcare.

  1. A high number of daycares per resident
  2. 93% more daycares than average
  3. 63% more daycares than areas of a similar size

Gas Stations

3/5 stars based on undefined reviews

Bumper sticker city. This place is good for filling up.

  1. Few gas stations per resident
  2. 92% more gas stations than average
  3. 63% more gas stations than areas of a similar size

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. Far East Side Indianapolis gets an average rating.

  1. Few grocery stores per resident
  2. 83% more grocery stores than average
  3. 13% fewer grocery stores than areas of a similar size

Retail Shops

2.5/5 stars based on undefined reviews

The shopping scene here is a size medium.

  1. Few shops per resident
  2. 70% more shops than average
  3. Far fewer shops than areas of a similar size

Pet Services

2.5/5 stars based on undefined reviews

Who's an ok boy? Far East Side Indianapolis doesn't deserve many treats.

  1. Few pet facilities per resident
  2. 52% more pet facilities than average
  3. Far fewer pet facilities than areas of a similar size

Medical Care

2.5/5 stars based on undefined reviews

Healthcare in Far East Side Indianapolis doesn't tip the scales.

  1. Few medical facilities per resident
  2. 68% more medical facilities than average
  3. 47% fewer medical facilities than areas of a similar size

Restaurants

2/5 stars based on undefined reviews

Far East Side Indianapolis serves up a dining scene that's only lukewarm.

  1. Few restaurants per resident
  2. 23% more restaurants than average
  3. Far fewer restaurants than areas of a similar size

Coffee

2/5 stars based on undefined reviews

The coffee scene is lukewarm in Far East Side Indianapolis.

  1. Few coffee shops per resident
  2. An average number of coffee shops
  3. A standard number of coffee shops compared to areas of a similar size

Nightlife

2/5 stars based on undefined reviews

You'll need to stock up the mini-bar. Far East Side Indianapolis is running dry.

  1. Few bars and clubs per resident
  2. 31% more bars and clubs than average
  3. Far fewer bars and clubs than areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in Far East Side Indianapolis.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? Far East Side Indianapolis has a quiet theater scene.

  1. Few theaters per resident
  2. An average number of theaters
  3. A standard number of theaters compared to areas of a similar size

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: Far East Side Indianapolis is light on amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to areas of a similar size

Hospitals

2/5 stars based on undefined reviews

Be patient when looking for a hospital around here.

  1. Few hospitals per resident
  2. An average number of hospitals
  3. A standard number of hospitals compared to areas of a similar size

Schools

Top Schools in Far East Side Indianapolis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Indianapolis, IN 9.5 miles$1,205$1,398
Fishers, IN 9.4 miles$1,195$1,405
Greenfield, IN 12.1 miles$1,059$1,232
Lawrence, IN 2.2 miles------
Avon, IN 22 miles$1,265$1,547
Brownsburg, IN 21.6 miles$1,265$1,388
Greenwood, IN 15.5 miles$1,122$1,363
Carmel, IN 12.8 miles$1,610$2,038
McCordsville, IN 7.1 miles$1,400$1,950
Noblesville, IN 15.6 miles$1,363$1,340

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Far East Side$945$1,109
East Side 2 miles$889$1,134