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Apartments in Downtown Indianapolis

121 - 136 of 136 Results
1
$895
Churchman 1022-24
1022-24 Churchman Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
Storage
29
$720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Fitness Center
Kingpark
1
$1,750
1602 Quill St
Indianapolis, IN
3 BR | Available Now
Contact
23
$2,100
1153 Villa Ave
Indianapolis, IN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
8
$1,350
1321 Blaine Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
14
$1,164 - 1,550
Stadium Lofts
1510 Stadium Way Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
$1,235
Near Eastside
945 N Keystone Ave Indianapolis, IN
1 BR | Available Now
Contact
Storage
Disability Access
Woodruff Place
4
$725
1 Bedroom Shelby Unit
1952 S Shelby St Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
18
$1,595
1133 W 21st St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
19
$1,595
1135 W 21st St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
20
$875
1821 Lambert St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
West Indianapolis
1
$1,350
South Side 3 Bedroom Half Double
2018 Boyd Avenue - 2018 Boyd Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1
$1,450
Large Half Double Close To Fountain Square
2020 Boyd Avenue - 2020 Boyd Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
30
$978 - 1,750
Arborwood At Mann Road Apartments
6702 Trunk Way Indianapolis, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
1
$1,450
For Rent 3 Bedroom Townhouse
2407 E 16th St Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
121 - 136 of 136 Results
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Frequently Asked Questions

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

Rentable.co has over 137 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 $1,000 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 $1,199 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 $1,653 per month.

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

Rentable.co has over 57,766 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 $1,100 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 $1,280 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 $1,280 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 $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 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 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
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
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% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Indianapolis experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $.

May Prices: Indianapolis vs. Surrounding Areas

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 0 of the Indianapolis suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Indianapolis suburbs

  • Rents did not decrease in any of the Indianapolis suburbs.

May 2026 Pricing Trends: Indianapolis vs. National Comparisons

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

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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