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Apartments in Downtown Indianapolis

1 - 30 of 129 Results
46
$1,081 - 7,242
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Downtown Indianapolis
82
$1,699 - 2,459
The Block
Deal
114 W Market St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
8
$1,399 - 1,699
10303 Deer Crest Lane
Indianapolis, IN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Downtown Indianapolis
23
$2,379
Sunrise On The Monon
1501 Starcross Ln Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
13
$1,535
26 West Washington Street
Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
1
$1,299 - 1,619
Penn Street Tower Apartments
115 N Pennsylvania St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
9
$1,850
Shoemaker Flats
133-137 W Market St Indianapolis, IN
2 BR | Ask for Availability
Contact
Storage
Disability Access
Dishwasher
Downtown Indianapolis
32
$2,675
Luxury 2 Bedroom 2 Bathroom Condo Downtown -
1 Virginia Ave Unit 601 Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Storage
Dishwasher
Downtown Indianapolis
96
$1,354 - 3,190
Ardmore Apartments
Deal
231 N Pennsylvania St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
48
$2,500
350 N Meridian St Unit 804
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
18
$1,300 - 1,564
Harness Factory Lofts Apartments
30 East Georgia St. Ste. C Indianapolis, IN
1 - 2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
6
$1,000 - 1,399
333 Penn Apartments
333 N Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Downtown Indianapolis
2
$950
126 E. Vermont
Indianapolis, IN
1 BR | May. 10, 2024
Contact
Dog Friendly
Cat Friendly
Luxury
Storage
Disability Access
32
3D Tour
$1,685 - 6,995
360 Market Square
4.5
360 E Market St Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
7
$1,375
Luxury Condo Next To Union Station!!! (downtown!!!)
250 S Meridian St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Downtown Indianapolis
7
$1,325
Luxury Condo Next To Union Station!!! (downtown!!!)
250 S Meridian St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Downtown Indianapolis
8
$2,850
Amazing Top Floor Penthouse- Next To Union Station (250 S Meridian St)
250 S Meridian St Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Downtown Indianapolis
$1,550
Luxury Condo Next To Union Station!!! (downtown!!!)
250 S Meridian St Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Downtown Indianapolis
1
$992 - 1,175
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Income Restricted
Section 8
Storage
Disability Access
Dishwasher
39
$2,200
450 E Ohio Unit 117
450 E Ohio St Unit 117 Indianapolis, IN
2 BR | Available Now
Contact
House
Downtown Indianapolis
18
$1,210
459 Massachusetts Avenue
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
26
$1,029 - 1,774
Canal Square Apartments
3.8
359 North West Street Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Luxury
22
$869 - 999
549 Senate Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
Dishwasher
Upper Canal
Call for Pricing
549 Senate Ave
Indianapolis, IN
Studio | Ask for Availability
Upper Canal
17
$867 - 1,910
Riley Towers Apartments
4.0
Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
5
$1,365 - 2,450
Millikan On Mass
551 Massachusetts Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
In Unit Laundry
$1,600
802 N Meridian St Unit 208
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Upper Canal
2
$1,025
PER
ROOM
522 Fletcher Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Fletcher Place
18
$1,135 - 1,240
The Argyle On Mass Ave Apartments
615 N. East Street Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
2
$1,099 - 1,249
PER
ROOM
550 Fletcher Ave
Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fletcher Place
1 - 30 of 129 Results
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Frequently Asked Questions

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

Rentable.co has over 139 apartments available near Downtown Indianapolis.

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

The average rent for a studio apartment near Downtown Indianapolis is around $982 per month.

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

The average rent for a one-bedroom apartment near Downtown Indianapolis is around $1,299 per month.

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

The average rent for a two-bedroom apartment near Downtown Indianapolis is around $1,639 per month.

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

Rentable.co has over 49,575 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 $900 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 $1,000 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 $1,190 per month.

How expensive is it to rent an apartment in Indianapolis, IN?

For a two-bedroom apartment in Indianapolis, the average rent price is $1,190 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Indianapolis, IN?

Based on average rent prices in Indianapolis, to afford a studio apartment you would need an annual household income of $36,000 to live comfortably.

Downtown Indianapolis Neighborhood Summary

Indianapolis is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Live only a short walk or bike ride away from your favorite Indianapolis destinations, including great retail, dining, entertainment, and nightlife.

Indianapolis:
April Rent Report

Welcome to the April 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 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

$1,300
$980
$650
$330
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Indianapolis Rent Prices Decrease From March to April

Indianapolis rent prices decreased over the last month. From March to April, the city experienced a -0.31% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $980.0.

When we take a look at the two-bedroom comparison from March to April, Indianapolis experienced a 0.9% increase for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,231.0.

April Prices: Indianapolis vs. Surrounding Areas

Whitestown, IN
Carmel, IN
Fishers, IN
Plainfield, IN
Noblesville, IN
Greenwood, IN
Indianapolis, IN
$1,675
$1,494
$1,459
$1,445
$1,376
$1,061
$980
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have decreased 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 4 of the Indianapolis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Carmel, IN, Whitestown, IN, Noblesville, IN, Plainfield, IN .

  • Rent decreased in Greenwood, IN, Fishers, IN.

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

April 2024 Pricing Trends: Indianapolis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Indianapolis, IN
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$980
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been declining. 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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Indianapolis, IN $980.0 -0.31% $1,231.0 0.90%
Carmel, IN $1,494.0 3.39% $1,784.0 10.46%
Whitestown, IN $1,675.0 2.26% $1,831.0 2.23%
Greenwood, IN $1,061.0 -0.38% $1,289.0 -0.08%
Fishers, IN $1,459.0 0.00% $1,882.0 -0.84%
Noblesville, IN $1,376.0 2.84% $1,681.0 2.50%
Plainfield, IN $1,445.0 0.56% $1,715.0 0.23%

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.

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