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The Block
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Canal Square Apartments
(317) 456-7799
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549 Senate Ave
(317) 636-7669
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549 Senate Ave
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549 N Senate Ave
(317) 636-7669
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549 N Senate Ave
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9 on Canal
(833) 457-2260
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9 on Canal Apartments
(317) 785-1079
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101 S Harding St Ste B
(317) 281-3453 ext: 2200
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101 S Harding St
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133-137 W Market St
(317) 464-2435
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1451 Montcalm St
(571) 486-4813
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26 West Washington Street
(844) 222-2487
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Sunrise On The Monon
(317) 396-5050
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10303 Deer Crest Lane
(402) 262-4700
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319 N Dequincy St
(317) 747-2247
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The Congress At Library Square Apartments
(844) 549-1906
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1250 S Illinois St
(317) 747-2247
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20 Neal Ave
(317) 643-2585
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The Plaza At Library Square
(844) 549-1906
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Ardmore
(317) 638-4444
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1510 Stadium Way
(317) 632-4011
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Harness Factory Lofts Apartments
(844) 222-2487
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1083 W Mccarty
(317) 747-2247
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1435 Stadium Way - 2308 Way
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1350 N Meridian Street St
(317) 931-6030
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Circle City Apartments
(317) 593-8698
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Riley Towers Apartments
(317) 434-1215
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Apartments Near IUPUI

1 of 431 Results
38
$845 - 1,525
PER
ROOM
The Avenue
4.2
930 W 10Th St Indianapolis, IN
1 - 4 BR | Available Now
0.5 miles from center of campus
Contact
Furnished
Dog Friendly
Cat Friendly
Student
In Unit Laundry
32
$1,799 - 3,699
The Block
Deal
114 W Market St Indianapolis, IN
1 - 3 BR | Available Now
0.9 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
26
$1,029 - 1,774
Canal Square Apartments
3.8
359 North West Street Indianapolis, IN
1 - 2 BR | Available Now
0.5 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Air Conditioning
0
$904 - 954
549 Senate Ave
Indianapolis, IN
1 BR | May. 23, 2023
0.7 miles from center of campus
Contact
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
Dishwasher
Call for Pricing
549 Senate Ave
Indianapolis, IN
Studio | Ask for Availability
0.7 miles from center of campus
Upper Canal
1
$949 - 1,109
549 N Senate Ave
Indianapolis, IN
1 - 2 BR | Aug. 10, 2023
0.7 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
2
$1,649 - 1,899
549 N Senate Ave
Indianapolis, IN
2 BR | Available Now
0.7 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
56
$1,195 - 2,200
9 on Canal
Deal
1.8
335 W 9Th St Indianapolis, IN
1 - 2 BR | Available Now
0.7 miles from center of campus
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Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Balcony, Deck, Patio
61
$1,049 - 2,645
9 on Canal Apartments
335 West 9Th Street Indianapolis, IN
1 - 3 BR | Ask for Availability
0.7 miles from center of campus
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In Unit Laundry
Balcony, Deck, Patio
Fitness Center
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Pool
0
$820
101 S Harding St Ste B
Indianapolis, IN
1 BR | Available Now
0.8 miles from center of campus
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
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101 S Harding St
Indianapolis, IN
Studio | Ask for Availability
0.8 miles from center of campus
0
$1,800
133-137 W Market St
Indianapolis, IN
2 BR | Available Now
0.9 miles from center of campus
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Balcony, Deck, Patio
Storage
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Downtown Indianapolis
10
$1,500
1451 Montcalm St
Indianapolis, IN
3 BR | Available Now
1.0 miles from center of campus
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House
Air Conditioning
Surface Parking
Balcony, Deck, Patio
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13
$1,680 - 1,740
26 West Washington Street
Indianapolis, IN
2 BR | Available Now
1.0 miles from center of campus
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Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
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23
$1,398 - 2,379
Sunrise On The Monon
1501 Starcross Ln Indianapolis, IN
1 - 3 BR | Available Now
1.0 miles from center of campus
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Dog Friendly
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In Unit Laundry
Balcony, Deck, Patio
Fitness Center
8
$1,399 - 1,699
10303 Deer Crest Lane
Indianapolis, IN
4 BR | Jun. 15, 2023
1.0 miles from center of campus
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Dog Friendly
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Dishwasher
Downtown Indianapolis
11
$950 - 995
319 N Dequincy St
Indianapolis, IN
2 - 4 BR | Available Now
1.0 miles from center of campus
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Dog Friendly
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House
Air Conditioning
Dishwasher
27
$1,245 - 2,074
The Congress At Library Square Apartments
923 N Meridian Indianapolis, IN
Studio - 2 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
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In Unit Laundry
Balcony, Deck, Patio
Fitness Center
11
$1,100
1250 S Illinois St
Indianapolis, IN
5 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
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House
Downtown Indianapolis
12
$1,195
20 Neal Ave
Indianapolis, IN
2 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
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House
Dishwasher
18
$1,123
The Plaza At Library Square
902 N. Pennsylvania Street Indianapolis, IN
2 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
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In Unit Laundry
Balcony, Deck, Patio
Fitness Center
86
$1,280 - 2,090
Ardmore
Deal
231 N Pennsylvania St Indianapolis, IN
Studio - 1 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
1
$1,027 - 1,586
1510 Stadium Way
Indianapolis, IN
1 - 2 BR | Mar. 26, 2023
1.2 miles from center of campus
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Cat Friendly
Storage
Disability Access
Dishwasher
18
$1,300 - 1,350
Harness Factory Lofts Apartments
30 East Georgia St. Ste. C Indianapolis, IN
1 - 2 BR | Available Now
1.2 miles from center of campus
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Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
6
$1,000
1083 W Mccarty
Indianapolis, IN
2 BR | Available Now
1.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Call for Pricing
1435 Stadium Way - 2308 Way
Indianapolis, IN
Studio | Ask for Availability
1.2 miles from center of campus
6
$690 - 770
1350 N Meridian Street St
Indianapolis, IN
Studio - 1 BR | Available Now
1.2 miles from center of campus
Contact
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Storage
Disability Access
22
$935 - 1,640
Circle City Apartments
1321 N Meridian St Indianapolis, IN
Studio - 2 BR | Available Now
1.2 miles from center of campus
Contact
Balcony, Deck, Patio
Old Northside
17
$867 - 1,910
Riley Towers Apartments
4.0
Indianapolis, IN
Studio - 3 BR | Available Now
1.2 miles from center of campus
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
24
$745 - 1,835
Circle City Apartments
4.4
1321 N. Meridian St. Indianapolis, In 46202 Indianapolis, IN
Studio - 2 BR | Ask for Availability
1.3 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Old Northside
1 - 30 of 431 Results
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  3. Indiana University - Purdue University 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 $980 $650 - $1,630
2BR $1,100 $730 - $1,910
3BR $1,400 $820 - $2,280
4+BR $1,550 $830 - $3,200
Frequently Asked Questions

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

Rentable.co has over 46,627 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 $980 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.

Indiana University - Purdue University Indianapolis

Indianapolis is a great city to live in with lots of great apartments near Indiana University – Purdue University Indianapolis to choose from. But when you're searching for a new rental it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why Rentable exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of Indiana University – Purdue University Indianapolis apartments to choose from!

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.