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Apartments in Downtown Indianapolis

91 - 120 of 120 Results
6
$850
329 S Hamilton Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Woodruff Place
$1,895
812 Woodruff Place East Dr
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Woodruff Place
17
$2,100
1330 Laurel St
Indianapolis, IN
3 BR | Jun. 1, 2024
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
32
$1,195
1817 1819 Union St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
2
$700 - 850
229-231 N Jefferson Ave
Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Woodruff Place
23
$1,800
1914 Union St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
Balcony/Deck/Patio
Storage
20
$599
1702 W Michigan Street
1702 W Michigan St Indianapolis, IN
Studio | Ask for Availability
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11
$1,500
547 E 20th St
Indianapolis, IN
2 BR | Available Now
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House
Kingpark
16
$695
Fountain Square Duplex 2 Bed 1 Bath
1044 Dawson St Indianapolis, IN
2 BR | Ask for Availability
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Air Conditioning
7
$875
415 Saint Paul St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
19
$2,750
2134 N Pennsylvania St
Indianapolis, IN
3 BR | Jun. 7, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
7
$925
Westside Two Bedroom Single Family Near White River & Michigan
1803 Wilcox St Indianapolis, IN
2 BR | Available Now
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House
Storage
Disability Access
0
$965
2039 N College Ave
Indianapolis, IN
2 BR | Ask for Availability
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Kingpark
0
$950
2051-2055 N College Ave
Indianapolis, IN
1 BR | Ask for Availability
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Kingpark
6
$979 - 1,933
River West Flats
1150 N White River Pkwy Dr Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
0
$950
701 E 21St St
Indianapolis, IN
2 BR | Ask for Availability
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Kingpark
$2,000
Discover The Perfect Blend Of Comfort, Convenience, And Style In This Charming Property Located In The Heart Of Indianapolis!
1141 S Randolph St Indianapolis, IN
3 BR | Available Now
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House
29
$2,300
1209 S Randolph St
Indianapolis, IN
4 BR | Jun. 1, 2024
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
20
$875
1801 W 10th St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$1,200
1321 Blaine Ave
Indianapolis, IN
3 BR | Ask for Availability
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4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
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17
$1,200
1734 W Morris St
Indianapolis, IN
4 BR | Available Now
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House
6
$1,000
1537 S State Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
19
$1,200
1530 Asbury St
Indianapolis, IN
2 BR | Ask for Availability
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House
4
$725
1 Bedroom Shelby Unit
1952 S Shelby St Indianapolis, IN
1 BR | Ask for Availability
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Air Conditioning
38
$5,525
1029 St Peter St
Indianapolis, IN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
19
$765
2332 Prospect St
Indianapolis, IN
1 BR | Available Now
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34
$2,100
1549 Harlan St
Indianapolis, IN
3 BR | Available Now
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House
Balcony/Deck/Patio
30
$978 - 1,750
Arborwood At Mann Road Apartments
6702 Trunk Way Indianapolis, IN
1 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
7
$875
2133 Sugar Grv
Indianapolis, IN
3 BR | Available Now
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House
91 - 120 of 120 Results
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Frequently Asked Questions

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

Rentable.co has over 118 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 $1,030 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 $1,284 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 $1,678 per month.

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

Rentable.co has over 48,016 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 $910 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 $1,180 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 $1,180 per month, which is lower than the national average of $1,620 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:
May Rent Report

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

Indianapolis rent prices decreased over the last month. From April to May, 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 April to May, 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.

May Prices: Indianapolis vs. Surrounding Areas

Whitestown, IN
Carmel, IN
Plainfield, IN
Fishers, IN
Noblesville, IN
Greenwood, IN
Indianapolis, IN
Speedway, IN
$1,722
$1,554
$1,450
$1,422
$1,386
$1,054
$969
$895
$0
$600
$1,200
$1,800
$2,400
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 5 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, Noblesville, IN, Whitestown, IN, Speedway, IN, Plainfield, IN .

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

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

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

May 2024 Pricing Trends: Indianapolis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Indianapolis, IN
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$969
$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 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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Indianapolis, IN $969.0 -1.12% $1,245.0 1.14%
Carmel, IN $1,554.0 4.02% $1,989.0 11.49%
Noblesville, IN $1,386.0 0.73% $1,701.0 1.19%
Whitestown, IN $1,722.0 2.81% $1,869.0 2.08%
Speedway, IN $895.0 0.22% $1,107.0 -0.36%
Fishers, IN $1,422.0 -2.54% $1,792.0 -4.78%
Greenwood, IN $1,054.0 -0.66% $1,283.0 -0.46%
Plainfield, IN $1,450.0 0.35% $1,703.0 -0.70%

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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