Last updated
Average Rent in Indianapolis, IN & Rent Trends
Rent prices and market trends across 4 apartment communities in Indianapolis, IN. Updated daily.
Market Average
$2,468/mo
▼ 11.2% from last month
Lowest Available
$1,388/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
19
available now
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 | $2,163 | $1,195 | 4 | 50 |
| Downtown | $1,547 | $921 | 2 | 9 |
| Near Westside | $842 | $684 | 1 | 2 |
Is Rent Going Up or Down in Indianapolis, IN?
As of May 2026, the average rent in Indianapolis, IN is $2,468 per month across 4 apartment communities and 19 available units. Rents have decreased $259 (11.2%) over the past month.
The most affordable option is The Plaza at Library Square starting at $1,388/mo. By unit type, a 2-bedroom averages $2,468/mo.
Prices range from $1,388 to $3,789 per month. The most common price point is the $2,600 range, where 4 units are currently listed.
Indianapolis, IN Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Indianapolis, IN
Rent Prices by Apartment in Indianapolis, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Plaza at Library Square | $1,388/mo | $1,388/mo | 1 | 3.8 |
| Gathyr | $1,799/mo | $1,824/mo | 3 | 4.8 |
| The Residences at CityWay | $1,975/mo | $2,355/mo | 8 | 4.3 |
| 360 Market Square | $2,495/mo | $3,027/mo | 7 | 4.4 |
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 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
$99,000/year
30 percent rule -- using our average rent of $2,468/mo.
Comfortable income
$118,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,388/mo), you need to earn at least $56,000/year.
Median household income in Indianapolis, IN is $62,995 , about 47% 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) | $2,468 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $5,377/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 4 communities with daily-updated pricing and availability.