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Short Term Rentals in Indianapolis, IN

1 of 9 Results
22
$1,290
Indianapolis - West
8045 Rockville Rd Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
30
$1,200
Indianapolis - Lawrence
9515 Pendleton Pike Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
37
$1,680
Indianapolis - Airport
2730 Fortune Cir Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
50
$1,680
Indianapolis - Airport - W. Southern Ave.
5350 W Southern Ave Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
56
$1,680
Indianapolis - Northwest - I-465
9370 Waldemar Rd Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
39
$1,650
Indianapolis - Castleton
7940 N Shadeland Ave Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
29
$1,680
Indianapolis - Northwest - College Park
9030 Wesleyan Rd Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
48
$1,650
Indianapolis - West 86th St.
8520 Northwest Blvd Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
38
$1,800
Indianapolis - North - Carmel
9750 Lake Shore Dr Indianapolis, IN
Studio | Available Now
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Dog Friendly
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Air Conditioning
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1 - 9 of 9 Results
  1. Home
  2. Indianapolis
  3. Short Term Rentals

How much does it cost to rent a short term rental apartment in Indianapolis?

short term rental apartments
Bed Type Average Rent Range
Studio $1,680 $1,200 - $1,800
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
Indianapolis Short Term Rentals vs. Indianapolis Average
Frequently Asked Questions

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

Rentable.co has over 48,093 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.

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

Rentable.co has 9 short term rental apartments available for rent in Indianapolis.

What is the average rent for a short term rental apartment in Indianapolis, IN?

The average rent for a short term rental apartment in Indianapolis is around $1,680 per month.

Asset 2
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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.