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The Avenue
(463) 234-1512
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North Goodlet Ave & W St Clair St, IN (id.1135)
(470) 391-0502
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Woodbrook Apartments
(855) 631-1968
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Lawrence Landing
(844) 403-0849
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Bayview Club Apartment Homes
(574) 766-7386
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Westpark Townhomes
(930) 207-8426
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Dayton Ave & Fletcher Ave, IN (id.1125)
(470) 391-0502
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Serenity at Indianapolis (55+ Senior Community)
(463) 222-0945
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East 21st St & N Colorado Ave, IN (id.1136)
(470) 460-6129
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CityView on Meridian
(937) 807-3292
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North Hartman Drive & E 48th St, IN (id.1123)
(470) 391-0502
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King's Reserve at College Park
(317) 751-2590
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34 North Apartments
(317) 939-4264
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747 Apartments
(855) 944-6551
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Eagle Lake Landing
(855) 200-8144
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Canterbury House - Indianapolis Franklin Road (Phase II)
(317) 541-8144
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The Enclave At Meridian Apartments
(574) 475-7311
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Pangea Meadows
(855) 560-4809
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Pangea Prairies
(765) 275-9472
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Stone Lake
(833) 333-1084
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Teal Run
(855) 889-3758
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Lynhurst Park (Phase II)
(844) 574-4783
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Canterbury House Apartments - Mann Road
(833) 988-0291
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Arlington Village
(844) 700-8086
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Pangea Hills
(833) 685-4603
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The MK
(855) 944-0543
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Hanna Village Apartments
(317) 781-1266
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Pinnex
(833) 558-1938
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Meridian Towers Apartments
(812) 505-3484
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Covington Square Apartments
(317) 247-7330
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Apartments in Indianapolis

1 of 640 Results
38
$845 - 1,525
PER
ROOM
The Avenue
4.2
930 W 10Th St Indianapolis, IN
1 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
In Unit Laundry
10
$520 - 612
PER
ROOM
North Goodlet Ave & W St Clair St, IN (id.1135)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Balcony, Deck, Patio
12
$905 - 1,180
Woodbrook Apartments
4.2
5302 Woodbrook Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
31
3D Tour
$999 - 1,635
Lawrence Landing
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
30
$1,160 - 2,435
Bayview Club Apartment Homes
Deal
7545 Bayview Club Drive Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
26
$1,163 - 1,745
Westpark Townhomes
3.8
1225 W Park Way Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
13
$580
PER
ROOM
Dayton Ave & Fletcher Ave, IN (id.1125)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Balcony, Deck, Patio
38
$675 - 1,025
Serenity at Indianapolis (55+ Senior Community)
1123 North Edmondson Avenue Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Senior Community
13
$540 - 560
PER
ROOM
East 21st St & N Colorado Ave, IN (id.1136)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Balcony, Deck, Patio
75
$905 - 2,602
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
8
$560 - 580
PER
ROOM
North Hartman Drive & E 48th St, IN (id.1123)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Balcony, Deck, Patio
13
$1,075 - 1,425
King's Reserve at College Park
8810 Colby Blvd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony, Deck, Patio
28
$767 - 1,263
34 North Apartments
3402 N Meridian St Indianapolis, IN
Studio - 4 BR | Available Now
Contact
Income Restricted
Air Conditioning
Fitness Center
Storage
33
$1,907 - 3,798
747 Apartments
Deal
4.2
747 N College Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
20
3D Tour
$967 - 1,799
Eagle Lake Landing
2054 High Eagle Trail Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
9
$820 - 1,401
Canterbury House - Indianapolis Franklin Road (Phase II)
2.6
7955 Kingsmead Dr Indianapolis, IN
1 - 4 BR | Available Now
Contact
Air Conditioning
Balcony, Deck, Patio
Storage
Dishwasher
Pool
25
$458 - 975
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
15
$903 - 1,454
Pangea Meadows
5505 Scarlet Drive Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Storage
14
$764 - 1,113
Pangea Prairies
4555 N Arlington Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
14
$767 - 1,344
Stone Lake
3.7
2913 E. Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
15
$949 - 1,299
Teal Run
4.5
2302 Windsong Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
22
$943 - 1,630
Lynhurst Park (Phase II)
2.6
3215 Joey Way Indianapolis, IN
1 - 4 BR | Available Now
Contact
Air Conditioning
Surface Parking
Fitness Center
Dishwasher
Pool
15
$962 - 1,375
Canterbury House Apartments - Mann Road
6505 Tanner Dr Indianapolis, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
22
$795 - 1,150
Arlington Village
Deal
6035 Williamsburg Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
17
$806 - 1,634
Pangea Hills
5500 Pleasant Hill Circle Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Dishwasher
35
$1,385 - 4,180
The MK
Deal
3.4
5858 N College Ave Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
22
$926 - 1,249
Hanna Village Apartments
2.2
4020 Hanna Village Drive Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
52
$1,274 - 3,955
Pinnex
Deal
5.0
931 Fletcher Avenue Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
14
$519 - 1,259
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
12
$549 - 899
Covington Square Apartments
Deal
115 S. High School Rd. Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
1 - 30 of 640 Results
  1. Home
  2. Indianapolis

How much does it cost to rent an apartment in Indianapolis?

Indianapolis Apartments
Bed Type Average Rent Range
Studio $840 $520 - $1,520
1BR $990 $650 - $1,600
2BR $1,100 $730 - $1,900
3BR $1,400 $820 - $2,370
4+BR $1,530 $830 - $3,200
Frequently Asked Questions

How many apartments are available in Indianapolis, IN on Rentable.co?

Rentable.co has over 46,561 apartments available in Indianapolis.

What is the average rent for a studio apartment in Indianapolis, IN?

The average rent for a studio apartment in Indianapolis is around $840 per month.

What is the average rent for a one-bedroom apartment in Indianapolis, IN?

The average rent for a one-bedroom apartment in Indianapolis is around $990 per month.

What is the average rent for a two-bedroom apartment in Indianapolis, IN?

The average rent for a two-bedroom apartment in Indianapolis is around $1,100 per month.

How expensive is living in Indianapolis, IN?

Based on average rent prices in Indianapolis, to afford a studio apartment you would need an annual salary of $34,000 to live comfortably.

Find a Indianapolis Apartment

Racing, football, basketball and basically all other forms of competition are at the heart of Indianapolis. It is the capitol of the state, the largest city in Indiana, and home to more than 800,000 people. Government agencies are some of the largest and most important employers in the city, but it also has a strong manufacturing backbone. Tourism due to the sporting events hosted in the city, especially racing, also provides a strong boost to the local economy.

Indianapolis is famous for its downtown. The city compresses a huge amount of shopping, dining and other services into a small area that is easily traveled by foot. However, most people are visiting the downtown as a side-trip. The real thing that draws people to Indianapolis is the Indianapolis 500, an event so popular it is estimated to have more than 300,000 people attend it annually.

When to Search

When you need to rent a place in Indianapolis, avoid looking in May. The problem with May is that many people with suites available for rent will rent them out to tourists coming to town to take in the Indy 500. If you look in June though, the tourists are gone and many people will be looking to rent out their available units.

Staying in the Know

Applying for an apartment in Indianapolis should be treated like applying for a job. Just like you want an employer to form a good opinion of you and hire you, you want a landlord to extend you the trust of letting you live in a property they own. You do this the same way, by convincing them that you are professional, responsible and by providing good references.

Neighborhoods

Downtown Indianapolis
Fletcher Place
Herron Morton
Kingpark
Lexington Farms
Mapelton
Martindale
Old Northside
Riley
St Joseph
Upper Canal
West Indianapolis
Woodruff Place

Seach Cities Near Indianapolis, IN

  • Greenwood, IN
  • Plainfield, IN
  • Carmel, IN
  • Bargersville, IN
  • Westfield, IN
  • Noblesville, IN
  • Franklin, IN
  • Greenfield, IN

    • Campuses Nearby

    Indiana University - Purdue University Indianapolis
    Butler University
    Ivy Tech Community College-Central Indiana
    University of Indianapolis
    Purdue University Global

    Life in Indianapolis

    Transportation

    The best method to get around Indianapolis depends on where you want to go. The closer you're staying to the city center, the better the bus is suited to your needs. For the interior of the city, it is fast, clean and efficient. However, if you want to get outside the interior, a car is really helpful, as bus routes are less frequent and in some cases not available at all to certain outlying areas.

    Where to play

    If you get a chance to attend a college football or basketball game, or a racing event, you'll get a real feel for what Indianapolis is all about. There are also museums celebrating the NCAA and the Motor Speedway Hall of Fame to visit on days without events. With more than a dozen golf courses available from the city, those who love a slower sport have lots to keep them entertained as well. Indy is also well known for its music, so visit Birdy's and the Chatterbox to experience some after-hours culture.

    Asset 2
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    Indianapolis:
    March Rent Report

    Welcome to the March 2023 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Indianapolis rental landscape.

    Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

    Monthly Rent Report

    Indianapolis Rent Prices Increase From February to March

    Indianapolis rent prices increased over the last month. From February to March, the city experienced a 0.21% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $944.0.

    When we take a look at the two-bedroom comparison from February to March, Indianapolis experienced a -1.46% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,216.0.

    March Prices: Indianapolis vs. Surrounding Areas

    Rent Prices in Indianapolis and Surrounding Areas

    Rent prices have increased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Indianapolis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

    More key findings include:

    • Rent increased in Greenwood, IN, Camby, IN .

    • Rent decreased in Carmel, IN, Westfield, IN, Noblesville, IN, Lawrence, IN.

    • 4 suburbs are currently priced higher than the city of Indianapolis.

    • 2 suburbs are currently priced lower than the city of Indianapolis.

    March 2023 Pricing Trends: Indianapolis vs. National Comparisons

    Indianapolis Rent Prices More Affordable Than Major Cities

    Rent growth in Indianapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

    The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

    For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

    Data set for Indianapolis and suburbs

    1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
    Indianapolis, IN $942.0 -0.42% $1,234.0 -2.06%
    Carmel, IN $1,431.0 -0.49% $1,635.0 -1.86%
    Greenwood, IN $915.0 2.58% $1,311.0 -1.58%
    Westfield, IN $1,336.0 -7.29% $1,702.0 -2.69%
    Noblesville, IN $1,195.0 0.00% $1,621.0 -0.12%
    Lawrence, IN $850.0 0.00% $995.0 0.00%
    Camby, IN $1,101.0 1.01% $1,448.0 0.28%

    Methodology

    Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.