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Apartments in Downtown Indianapolis

1 - 30 of 133 Results
46
$1,028 - 9,136
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
84
$1,549 - 2,559
The Block
114 W Market St Indianapolis, IN
1 - 3 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
$1,374
Penn Street Tower Apartments
115 N Pennsylvania St Indianapolis, IN
1 BR | Jul. 10, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
9
$1,900
Shoemaker Flats
133-137 W Market St Indianapolis, IN
2 BR | Available Now
Contact
In Unit Laundry
Storage
Disability Access
Dishwasher
Downtown Indianapolis
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
$1,259 - 1,349
333 Penn Apartments
333 N Pennsylvania St Indianapolis, IN
1 BR | Jul. 10, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Downtown Indianapolis
6
$875
1250 S Illinois St
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Downtown Indianapolis
1
$1,050 - 1,200
126 E. Vermont
Indianapolis, IN
1 BR | Available Now
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
0
$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
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
6
$1,750
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
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
$990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Aug. 15, 2025
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
1
$1,344
Downtown Living
430 Massachusetts Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
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
1
$925
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
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
20
$1,005 - 1,069
549 Senate Ave
Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Upper Canal
1
$1,789 - 2,003
549 N Senate Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dishwasher
Upper Canal
19
$825 - 1,172
549 N Senate Ave
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
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
6
$1,025
522 Fletcher Ave
Indianapolis, IN
1 BR | Jul. 15, 2025
Contact
Fletcher Place
18
$1,135 - 1,240
The Argyle On Mass Ave Apartments
615 N. East Street Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
1 - 30 of 133 Results
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Frequently Asked Questions

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

Rentable.co has over 127 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 $1,017 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 $1,205 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 $1,684 per month.

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

Rentable.co has over 52,178 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 $1,070 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 $1,150 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 $1,240 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 $1,240 per month, which is lower than the national average of $1,640 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 $43,000 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:
June Rent Report

Welcome to the June 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2025 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

$1,400
$1,050
$700
$350
$0
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
1 BR       2 BR

Indianapolis Rent Prices Increase From May to June

Indianapolis rent prices increased over the last month. From May to June, the city experienced a 2.93% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $1,125.0.

When we take a look at the two-bedroom comparison from May to June, Indianapolis experienced a 1.93% increase for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,321.0.

June Prices: Indianapolis vs. Surrounding Areas

Whitestown, IN
Carmel, IN
Plainfield, IN
Fishers, IN
Noblesville, IN
Westfield, IN
Greenwood, IN
Indianapolis, IN
$1,670
$1,550
$1,540
$1,524
$1,456
$1,450
$1,101
$1,093
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

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 3 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 Carmel, IN, Noblesville, IN, Fishers, IN .

  • Rent decreased in Whitestown, IN, Greenwood, IN, Plainfield, IN, Westfield, IN.

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

  • 1 suburb is currently priced lower than the city of Indianapolis.

June 2025 Pricing Trends: Indianapolis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
Indianapolis, IN
$4,101
$3,197
$2,350
$2,316
$1,870
$1,341
$1,263
$1,247
$1,093
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Indianapolis, IN $1,093.0 2.73% $1,296.0 2.29%
Carmel, IN $1,550.0 0.07% $1,869.0 -0.85%
Noblesville, IN $1,456.0 0.83% $1,796.0 -0.33%
Whitestown, IN $1,670.0 0.00% $1,796.0 0.96%
Greenwood, IN $1,101.0 -2.65% $1,290.0 -2.94%
Plainfield, IN $1,540.0 -2.35% $1,557.0 3.80%
Fishers, IN $1,524.0 1.74% $1,675.0 -0.42%
Westfield, IN $1,450.0 -0.69% $1,454.0 1.47%

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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