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Stone Lake
(833) 333-1084
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4003 Madison Ave
(317) 662-2238
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920 E Markwood Ave
(317) 782-8085
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1150 East Martin Street
(855) 646-0850
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1510 E Perry St
(317) 747-2247
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Fox Club
(317) 784-4241
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2604 E Murry St
(317) 315-5695
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1125 Mcdougal St
(317) 662-2238
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1801 E Gimber St
(317) 747-2247
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3824 S Lasalle St
(844) 966-7368
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4718 Eva Ct
(317) 316-3410
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2103-2105 Fairfax Rd
(317) 978-8661
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2121-2123 Fairfax Rd
(317) 978-8661
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2129-2131 Fairfax Rd
(317) 978-8661
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2203-2205 Fairfax Rd
(317) 978-8661
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2219-2221 Fairfax Rd
(317) 978-8661
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348 Clark Ave
(317) 316-3410
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2301-2303 Fairfax Rd
(317) 978-8661
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Brookwood Apartments
(317) 333-7263
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2430 Albany St
(844) 966-7368
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1407 Finley Ave
(317) 796-0014
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2826 S Pennsylvania St
(317) 662-2238
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209 W Troy Ave
(408) 564-8000
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1998 Britton Dr
(844) 966-7368
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1645 E Bradbury Ave
(317) 643-2585
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1640 E Bradbury St
(317) 747-2247
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2469 S Dawson St
(317) 782-8085
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2336 Saint Peter St
(317) 747-2247
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Apartments Near University of Indianapolis

1 of 342 Results
22
$926 - 1,249
Hanna Village Apartments
2.2
4020 Hanna Village Drive Indianapolis, IN
Studio - 3 BR | Available Now
1.0 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
2
$540 - 799
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
1 - 3 BR | Available Now
1.1 miles from center of campus
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Storage
14
$776 - 1,396
Stone Lake
3.7
2913 E. Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
1.1 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
6
$3,875
4003 Madison Ave
Indianapolis, IN
Studio | Ask for Availability
0.5 miles from center of campus
Contact
1
$649
920 E Markwood Ave
Indianapolis, IN
1 BR | Apr. 10, 2023
0.6 miles from center of campus
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Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Storage
10
$975
1150 East Martin Street
Indianapolis, IN
3 BR | Apr. 20, 2023
0.7 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
5
$825
1510 E Perry St
Indianapolis, IN
2 BR | Ask for Availability
0.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
11
$625 - 735
Fox Club
Deal
4401 South Keystone Avenue Indianapolis, IN
1 - 2 BR | Ask for Availability
1.0 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Dishwasher
7
$1,250
2604 E Murry St
Indianapolis, IN
3 BR | Available Now
1.1 miles from center of campus
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Dog Friendly
Cat Friendly
House
Surface Parking
Balcony, Deck, Patio
8
$1,085
1125 Mcdougal St
Indianapolis, IN
2 BR | Ask for Availability
1.1 miles from center of campus
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Dog Friendly
Cat Friendly
House
5
$850
1801 E Gimber St
Indianapolis, IN
3 BR | Available Now
1.3 miles from center of campus
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Dog Friendly
Cat Friendly
House
14
$1,400
3824 S Lasalle St
Indianapolis, IN
3 BR | May. 20, 2023
1.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Disability Access
19
$1,750
4718 Eva Ct
Indianapolis, IN
4 BR | Available Now
1.4 miles from center of campus
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Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
20
$950
2103-2105 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
1.4 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
20
$1,050
2121-2123 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
2
$1,050
2129-2131 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
1
$1,050
2203-2205 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
2
$1,050
2219-2221 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
15
$1,295
348 Clark Ave
Beech Grove, IN
3 BR | Available Now
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Storage
$900
2301-2303 Fairfax Rd
Indianapolis, IN
2 BR | Mar. 31, 2023
1.5 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Dishwasher
30
$850 - 1,150
Brookwood Apartments
Deal
5301 S Turtle Creek Drive Indianapolis, IN
1 - 3 BR | Available Now
1.6 miles from center of campus
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
18
$755
2430 Albany St
Beech Grove, IN
1 BR | Available Now
1.6 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
12
$1,400
1407 Finley Ave
Indianapolis, IN
3 BR | Available Now
1.6 miles from center of campus
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Dog Friendly
Cat Friendly
9
$650
2826 S Pennsylvania St
Indianapolis, IN
1 BR | Ask for Availability
1.6 miles from center of campus
Contact
19
$850
209 W Troy Ave
Indianapolis, IN
2 BR | Ask for Availability
1.7 miles from center of campus
Contact
Air Conditioning
8
$1,400
1998 Britton Dr
Beech Grove, IN
4 BR | Apr. 20, 2023
1.7 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Storage
24
$1,150
1645 E Bradbury Ave
Indianapolis, IN
3 BR | Available Now
1.7 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
4
$825
1640 E Bradbury St
Indianapolis, IN
3 BR | Ask for Availability
1.7 miles from center of campus
Contact
House
3
$699 - 799
2469 S Dawson St
Indianapolis, IN
2 BR | Available Now
1.7 miles from center of campus
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Storage
5
$775
2336 Saint Peter St
Indianapolis, IN
2 BR | Ask for Availability
1.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
1 - 30 of 342 Results
  1. Home
  2. Indianapolis
  3. University of Indianapolis

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

Indianapolis Apartments
Bed Type Average Rent Range
Studio $850 $520 - $1,550
1BR $970 $650 - $1,620
2BR $1,100 $730 - $1,900
3BR $1,400 $820 - $2,260
4+BR $1,540 $820 - $3,200
Frequently Asked Questions

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

Rentable.co has over 46,672 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 $850 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 $970 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 $34,000 to live comfortably.

University of Indianapolis

Indianapolis city buses stop by UIndy every hour, and are convenient for students who want to leave campus or get to campus from their apartment. If you live on campus or within walking distance, public transportation isn’t necessary as everything is close to each other. But half of the student body commutes to school, and has to rely on either the bus system or their own vehicle. The city buses serve a limited area so make sure you choose an apartment near one of its stops if you want to ride it to classes every day. There’s no better place in Indiana to launch a career than Indianapolis. It’s not just the state capital, but also the capital for business. And it isn’t only a statewide economic leader--Forbes Magazine ranked it number 8 on a list of the best U.S. cities for jobs in 2008. It’s a great place to foster a startup company, and also to join an already established corporate giant. The city stands among Chicago and Detroit as the best Midwestern cities for business, and as a UIndy student you already have a leg up on other college grads who want to work in the city.

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Indianapolis:
March Rent Report

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

Indianapolis rent prices increased over the last month. From February to March, the city experienced a 0.21% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $944.0.

When we take a look at the two-bedroom comparison from February to March, Indianapolis experienced a -1.46% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,216.0.

March Prices: Indianapolis vs. Surrounding Areas

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 2 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 Greenwood, IN, Camby, IN .

  • Rent decreased in Carmel, IN, Westfield, IN, Noblesville, IN, Lawrence, IN.

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

  • 2 suburbs are currently priced lower than the city of Indianapolis.

March 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 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 March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Indianapolis, IN $942.0 -0.42% $1,234.0 -2.06%
Carmel, IN $1,431.0 -0.49% $1,635.0 -1.86%
Greenwood, IN $915.0 2.58% $1,311.0 -1.58%
Westfield, IN $1,336.0 -7.29% $1,702.0 -2.69%
Noblesville, IN $1,195.0 0.00% $1,621.0 -0.12%
Lawrence, IN $850.0 0.00% $995.0 0.00%
Camby, IN $1,101.0 1.01% $1,448.0 0.28%

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.