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East 21st St & N Colorado Ave, IN (id.1136)
(470) 460-6129
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Pangea Courts
(844) 763-1144
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3008 E 23Rd St
(317) 662-4890 ext: 1
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1030 Jefferson Ave
(317) 747-2247
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1115 N Rural St
(317) 794-2064
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2866 N Dearborn
(317) 747-2247
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Great Condo Near Downtown Indianapolis
(317) 828-2878
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3110 N Winthrop Ave, *$99 Deposit For Qualified Applicants!*
(317) 662-4890 ext: 1
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836-838 N Oxford St
(317) 494-2279
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1222 N Gale St
(317) 643-2585
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2961 Stuart St
(317) 719-2289
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3291 Hovey St
(317) 643-2585
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Brookside Park 3 Bed 1 Bath
(317) 751-1810
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2945 N Ruckle St
(317) 662-2238
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2947 N Ruckle St
(317) 662-2238
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1215 N Kealing Ave
(317) 643-2585
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807 N Gray St
(317) 643-2585
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1456 Hudson St
(317) 662-4890 ext: 1
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2235 N Scioto St
(317) 494-2279
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747 Apartments
(463) 242-4588
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28 E 16Th St
(463) 777-2692
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535 N Dearborn Ave
(844) 966-7368
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Indy Flats
(317) 653-3340
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Englewood Duplex 2 Bedroom 1 Bath
(317) 751-1810
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1505 N. Gladstone Ave *50% Deposit For Qualified Applicants*
(317) 662-4890 ext: 1
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133 E 30Th St
(317) 747-2247
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238 N Beville Ave
(317) 794-2064
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Riley Towers Apartments
(317) 434-1215
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3530 n vermont
(317) 747-2247
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643 Fort Wayne Ave
(317) 272-7368
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Apartments in Martindale Indianapolis

1 of 41 Results
13
$540 - 560
PER
ROOM
East 21st St & N Colorado Ave, IN (id.1136)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Balcony, Deck, Patio
13
$786 - 1,083
Pangea Courts
4417 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
16
$825
3008 E 23Rd St
Indianapolis, IN
2 BR | Ask for Availability
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House
17
$1,400
1030 Jefferson Ave
Indianapolis, IN
4 BR | Ask for Availability
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House
Woodruff Place
0
$600
1115 N Rural St
Indianapolis, IN
1 BR | Ask for Availability
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4
$775
2866 N Dearborn
Indianapolis, IN
3 BR | Ask for Availability
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House
6
$1,700
Great Condo Near Downtown Indianapolis
2355 Central Ave Indianapolis, IN
2 BR | Ask for Availability
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House
Air Conditioning
In Unit Laundry
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17
$1,000
3110 N Winthrop Ave, *$99 Deposit For Qualified Applicants!*
3110 Winthrop Ave Indianapolis, IN
3 BR | Ask for Availability
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House
2
$1,600
836-838 N Oxford St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
25
$1,425
1222 N Gale St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
9
$925
2961 Stuart St
Indianapolis, IN
2 BR | Ask for Availability
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House
23
$1,100
3291 Hovey St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
23
$975
Brookside Park 3 Bed 1 Bath
955 N Tuxedo St Indianapolis, IN
3 BR | Ask for Availability
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House
14
$1,350
2945 N Ruckle St
Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
16
$1,350
2947 N Ruckle St
Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
20
$1,495
1215 N Kealing Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Dishwasher
26
$1,395
807 N Gray St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Dishwasher
17
$1,695
1456 Hudson St
Indianapolis, IN
2 BR | Ask for Availability
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Dishwasher
Old Northside
27
$1,950
2235 N Scioto St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
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Balcony, Deck, Patio
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33
$2,668 - 4,648
747 Apartments
Deal
4.2
747 N College Ave Indianapolis, IN
3 BR | Aug. 20, 2023
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Dog Friendly
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2
$675 - 3,500
28 E 16Th St
Indianapolis, IN
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
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5
$800
535 N Dearborn Ave
Indianapolis, IN
2 BR | Available Now
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Dishwasher
25
$549 - 2,699
Indy Flats
2.0
1304 N. Delaware Street Indianapolis, IN
Studio - 4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Income Restricted
Section 8
Fitness Center
16
$925
Englewood Duplex 2 Bedroom 1 Bath
439 N Oxford St Indianapolis, IN
2 BR | Ask for Availability
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13
$750
1505 N. Gladstone Ave *50% Deposit For Qualified Applicants*
1505 N Gladstone Ave Indianapolis, IN
2 BR | Ask for Availability
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8
$750
133 E 30Th St
Indianapolis, IN
3 BR | Ask for Availability
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0
$999
238 N Beville Ave
Indianapolis, IN
3 BR | Ask for Availability
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Woodruff Place
17
$867 - 1,910
Riley Towers Apartments
4.0
Indianapolis, IN
Studio - 3 BR | Available Now
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Furnished
Dog Friendly
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Air Conditioning
In Unit Laundry
4
$795
3530 n vermont
Indianapolis, IN
3 BR | Ask for Availability
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15
$1,995
643 Fort Wayne Ave
Indianapolis, IN
2 BR | Available Now
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Storage
Dishwasher
1 - 30 of 41 Results
  1. Home
  2. Indianapolis
  3. Martindale

How much does it cost to rent an apartment in Indianapolis?

Indianapolis Apartments
Bed Type Average Rent Range
Studio $910 $550 - $1,680
1BR $950 $650 - $1,590
2BR $1,100 $750 - $1,980
3BR $1,490 $830 - $2,390
4+BR $1,400 $800 - $2,620
Frequently Asked Questions

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

Rentable.co has over 48,088 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 $950 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 $36,000 to live comfortably.

Asset 2
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Apartments Under $700
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Indianapolis:
May Rent Report

Welcome to the May 2023 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 Decrease From April to May

Indianapolis rent prices decreased over the last month. From April to May, the city experienced a -1.38% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $932.0.

When we take a look at the two-bedroom comparison from April to May, Indianapolis experienced a -2.08% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,177.0.

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 3 of the Indianapolis suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Plainfield, IN, Noblesville, IN, Camby, IN .

  • Rent decreased in Carmel, IN, Westfield, IN, Greenwood, IN.

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

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

May 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 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 $945.0 0.11% $1,202.0 -1.15%
Carmel, IN $1,364.0 -2.50% $1,633.0 -0.24%
Westfield, IN $1,245.0 -0.56% $1,520.0 -6.69%
Greenwood, IN $922.0 -0.65% $1,286.0 -0.70%
Plainfield, IN $1,607.0 0.31% $1,824.0 0.39%
Noblesville, IN $1,240.0 1.81% $1,616.0 0.81%
Camby, IN $1,255.0 5.11% $1,425.0 -1.66%

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.