Last updated
Average Rent in Indianapolis 46237 & Rent Trends
Rent prices and market trends across 3 apartment communities in Indianapolis 46237, Greenwood, IN. Updated daily.
Market Average
$2,051/mo
Lowest Available
$1,472/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
29
available now
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Indianapolis 46237 vs Greenwood, IN Average
Indianapolis 46237 is more expensive than the Greenwood, IN average by $594/mo (41%). The citywide average is $1,457/mo across all neighborhoods.
Is Rent Going Up or Down in Indianapolis 46237?
As of October 2026, the average rent in Indianapolis 46237 is $2,051 per month across 3 apartment communities and 29 available units.
The most affordable option is Sundance Apartments starting at $1,472/mo. By unit type, a 2-bedroom averages $2,051/mo.
Prices range from $1,472 to $2,804 per month. The most common price point is the $1,400 range, where 7 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Indianapolis 46237
Rent Prices by Apartment in Indianapolis 46237
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Sundance Apartments | $1,472/mo | $1,532/mo | 9 | 4.1 |
| Redwood Indianapolis | $1,836/mo | $1,836/mo | 1 | 4.8 |
| Redwood | $1,836/mo | $2,308/mo | 19 | 4.8 |
Frequently Asked Questions About Rent in Indianapolis 46237
What is the average rent in Indianapolis 46237?
Is rent going up or down in Indianapolis 46237?
What is the cheapest apartment in Indianapolis 46237?
How many apartments are available in Indianapolis 46237?
What salary do I need to live comfortably in Indianapolis 46237?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
Based on the 30 percent rule, using our tracked average rent of $2,051/mo.
Comfortable income
$98,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,472/mo), you need to earn at least $59,000/year.
Median household income in Indianapolis 46237 is $78,765 , about 20% below the comfortable-living threshold.
Cost of living in Indianapolis 46237
Overall prices in Indianapolis 46237 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 46237's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,051 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,960/mo |
Population
64,237
Median household income
$78,765
Census median rent
$1,252/mo
Census rent burden
26.3%
Median age
36.4
Mean commute
25 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 46237 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Indianapolis 46237 Apartments
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