Last updated
Average Rent in Indianapolis, IN & Rent Trends
Rent prices and market trends across 10 apartment communities in Indianapolis, IN. Updated daily.
Market Average
$1,936/mo
▲ +6.6% from last month
Lowest Available
$855/mo
cheapest unit on market
Communities
10
tracked daily
Units Listed
118
available now
Price Cuts This Week in Indianapolis, IN
70 listed units across 3 buildings in Indianapolis, IN dropped their asking rent in the past 7 days, an average cut of $48/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Residences at CityWay | Unit 52, Walker | $2,535 | $2,302 | $233 |
| The Residences at CityWay | Unit 48, Vermillion | $3,330 | $3,155 | $175 |
| The Residences at CityWay | Unit 44, Silva | $1,602 | $1,507 | $95 |
| The Residences at CityWay | Unit 47, Speedway | $1,604 | $1,509 | $95 |
| The Residences at CityWay | Unit 10, Azure | $1,586 | $1,496 | $90 |
| The Residences at CityWay | Unit 49, Speedway | $1,599 | $1,509 | $90 |
| The Residences at CityWay | Unit 5, Amethyst | $1,870 | $1,780 | $90 |
| The Residences at CityWay | Unit 1, Amaranth | $1,525 | $1,440 | $85 |
Rent by Neighborhood in Indianapolis, IN
Compare average rent across Indianapolis, IN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Mile Square | $2,190 | $1,095 | 4 | 76 |
| Downtown | $1,591 | $897 | 3 | 26 |
| Near Southeast | $1,491 | $1,122 | 1 | 9 |
| Near Westside | $1,099 | $1,099 | 1 | 1 |
| Castleton | $1,020 | $855 | 1 | 6 |
Is Rent Going Up or Down in Indianapolis, IN?
As of July 2026, the average rent in Indianapolis, IN is $1,936 per month across 10 apartment communities and 118 available units. Rents have increased $98 (6.6%) over the past month.
The most affordable option is Midwest Living Management starting at $855/mo. By unit type, a studio averages $1,331/mo, a 1-bedroom averages $1,672/mo, a 2-bedroom averages $2,287/mo, a 3-bedroom averages $2,995/mo, a 4-bedroom averages $10,715/mo.
Prices range from $855 to $10,715 per month. The most common price point is the $1,400 range, where 24 units are currently listed.
Indianapolis, IN Rent Price History
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 |
|---|---|---|---|---|
| Midwest Living Management | $855/mo | $1,020/mo | 6 | 1 |
| Core Redevelopment | $897/mo | $951/mo | 2 | 3 |
| Intrigue Real Estate & Property Management | $1,095/mo | $1,095/mo | 1 | 4.6 |
| Union at 16th | $1,099/mo | $1,099/mo | 1 | 3.3 |
| Edge 35 | $1,122/mo | $1,491/mo | 9 | 4.7 |
| Wesley Place | $1,264/mo | $1,665/mo | 10 | 4.3 |
| The Residences at CityWay | $1,305/mo | $1,955/mo | 50 | 4.3 |
Google Search Trends for Indianapolis, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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
$77,000/year
Based on the 30 percent rule, using our tracked average rent of $1,936/mo.
Comfortable income
$93,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($855/mo), you need to earn at least $34,000/year.
Median household income in Indianapolis, IN is $62,995 , about 32% 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) | $1,936 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,845/mo |
Population
882,043
Median household income
$62,995
Census median rent
$1,112/mo
Rent as % of income
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.
Explore Indianapolis, IN Apartments
Browse all 10 communities with daily-updated pricing and availability.