Last updated
Average Rent in Indianapolis, IN & Rent Trends
Rent prices and market trends across 8 apartment communities in Indianapolis, IN. Updated daily.
Market Average
$1,662/mo
▼ 1.2% from last month
Lowest Available
$675/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
117
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Indianapolis, IN
Compare average rent across Indianapolis, IN neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Near Southeast | $1,542 | ▼ $7 | $1,098 | 1 | 10 |
| Downtown | $1,505 | ▲ $5 | $1,099 | 2 | 36 |
| Mapleton - Fall Creek | $1,331 | ▲ $89 | $675 | 2 | 6 |
| Near Westside | $961 | ▼ $78 | $684 | 1 | 3 |
| Mile Square | $881 | ▼ $141 | $835 | 1 | 2 |
Is Rent Going Up or Down in Indianapolis, IN?
As of October 2026, the average rent in Indianapolis, IN is $1,662 per month across 8 apartment communities and 117 available units. Rents have decreased $20 (1.2%) over the past month.
The most affordable option is Axia Urban starting at $675/mo. By unit type, a studio averages $1,113/mo, a 1-bedroom averages $1,478/mo, a 2-bedroom averages $1,997/mo, a 3-bedroom averages $2,618/mo.
Prices range from $675 to $3,010 per month. The most common price point is the $1,200 range, where 25 units are currently listed.
Indianapolis, IN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,649 | - | 6 |
| June 2026 | $1,626 | -$23 | 7 |
| July 2026 | $1,628 | +$2 | 9 |
| August 2026 | $1,535 | -$93 | 9 |
| September 2026 | $1,460 | -$75 | 9 |
| October 2026 | $1,415 | -$45 | 8 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Indianapolis, IN
Rent Prices by Apartment in Indianapolis, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Axia Urban | $675/mo | $859/mo | 4 | 4.2 |
| Union at 16th | $684/mo | $961/mo | 3 | 3.3 |
| Core Redevelopment | $835/mo | $881/mo | 2 | 3 |
| Edge 35 | $1,098/mo | $1,542/mo | 10 | 4.7 |
| Gathyr | $1,099/mo | $1,440/mo | 17 | 4.8 |
| Wesley Place | $1,170/mo | $1,564/mo | 19 | 4.3 |
| The Residences at CityWay | $1,281/mo | $1,870/mo | 60 | 4.3 |
Frequently Asked Questions About Rent in Indianapolis, IN
What is the average rent in Indianapolis, IN?
Is rent going up or down in Indianapolis, IN?
What is the cheapest apartment in Indianapolis, IN?
How much is a 1-bedroom apartment in Indianapolis, IN?
How many apartments are available in Indianapolis, IN?
What salary do I need to live comfortably in Indianapolis, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,662/mo.
Comfortable income
$80,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($675/mo), you need to earn at least $27,000/year.
Median household income in Indianapolis, IN is $62,995 , about 21% below the comfortable-living threshold.
Cost of living in Indianapolis, IN
Overall prices in Indianapolis, IN runs below the national average by about 5% (BEA Regional Price Parity index 94.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Indianapolis, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,662 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,571/mo |
Population
882,043
Median household income
$62,995
Census median rent
$1,112/mo
Census rent burden
30.5%
Median age
34.1
Mean commute
24 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Indianapolis, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Indianapolis, IN Apartments
Browse all 8 communities with daily-updated pricing and availability.