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Artistry Indy
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Pangea Vistas
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Arlington Village
(844) 700-8086
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Pangea Courts
(844) 763-1144
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Lynhurst Park (Phase II)
(844) 574-4783
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The Vue Luxury Apartments
(844) 917-0421
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Canterbury House Apartments - Franklin Road
(463) 300-6350
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Indianapolis - Airport
(877) 422-0484
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Marten Court Apartments
(463) 300-6563
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Lynhurst Park Apartments
(217) 987-8548
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Harrison Place
(317) 667-1552
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Runaway Bay Apartment Homes
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Pangea Vineyards
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Reserve At White River
(833) 691-1771
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Brookhaven At County Line Senior Apartments
(844) 751-4126
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The Oasis
(765) 785-3901
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Indianapolis - Castleton
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Nora Commons On The Monon Senior Apartments
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Indianapolis - Northwest - I-465
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Reflections Apartments
(463) 241-6641
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The Villages of Bent Tree Apartments
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Avery Point
(463) 666-2624
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Indianapolis - Airport - W. Southern Ave.
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Pangea Groves
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Meridian Towers Apartments
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Pangea Riverside
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Pangea Prairies
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Indianapolis - West 86th St.
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Apartments in Indianapolis

31 of 170 Results
47
$1,068 - 10,129
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Downtown Indianapolis
12
$885 - 1,046
Pangea Vistas
1366 N Arlington Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Storage
22
$825 - 995
Arlington Village
Deal
6035 Williamsburg Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
13
$762 - 1,072
Pangea Courts
4417 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
22
$943 - 1,359
Lynhurst Park (Phase II)
2.6
3215 Joey Way Indianapolis, IN
1 - 4 BR | Available Now
Contact
Air Conditioning
Surface Parking
Fitness Center
Dishwasher
Pool
50
$2,081 - 3,096
The Vue Luxury Apartments
718 E Georgia St. Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
16
$804 - 1,381
Canterbury House Apartments - Franklin Road
2.6
7955 Kingsmead Dr Indianapolis, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Surface Parking
37
$1,680
Indianapolis - Airport
2730 Fortune Cir Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
42
$550 - 929
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
22
$943 - 1,396
Lynhurst Park Apartments
2.6
3215 Joey Way Indianapolis, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Air Conditioning
40
3D Tour
$1,405 - 1,975
Harrison Place
Deal
5812 Beatle Dr. Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
29
$1,265 - 2,475
Runaway Bay Apartment Homes
2030 Runaway Bay Drive Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
15
$733 - 1,572
Pangea Vineyards
10101 E Montery RD Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
9
$854 - 1,055
Reserve At White River
3.8
2774 Pixel Road Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Fitness Center
25
$1,016 - 1,115
Brookhaven At County Line Senior Apartments
3.0
940 Wild Indigo Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
Senior Community
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
Disability Access
36
$974 - 1,319
The Oasis
Deal
4900 Edinborough Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
39
$1,650
Indianapolis - Castleton
7940 N Shadeland Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
18
$1,155 - 1,325
Nora Commons On The Monon Senior Apartments
8905 Evergreen Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony, Deck, Patio
56
$1,680
Indianapolis - Northwest - I-465
9370 Waldemar Rd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
32
$828 - 1,738
Reflections Apartments
7999 Silverleaf Dr Indianapolis, IN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
67
$1,179 - 1,724
The Villages of Bent Tree Apartments
3210 Ramblewood Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
21
3D Tour
$1,050 - 1,955
Avery Point
Deal
8525 Laurel Valley Dr. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
50
$1,680
Indianapolis - Airport - W. Southern Ave.
5350 W Southern Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
23
$1,064 - 1,535
Pangea Groves
5018 Lemans Dr Indianapolis, IN
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
14
$649 - 835
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
17
$930 - 1,512
Pangea Riverside
2638 Cold Spring Manor Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
14
$760 - 1,226
Pangea Prairies
4555 N Arlington Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
48
$1,650
Indianapolis - West 86th St.
8520 Northwest Blvd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
38
$1,800
Indianapolis - North - Carmel
9750 Lake Shore Dr Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
12
$549 - 899
Covington Square Apartments
Deal
115 S. High School Rd. Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
31 - 60 of 170 Results
  1. Home
  2. Indianapolis

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

Indianapolis Apartments
Bed Type Average Rent Range
Studio $870 $550 - $1,680
1BR $950 $650 - $1,580
2BR $1,070 $750 - $1,970
3BR $1,480 $840 - $2,410
4+BR $1,410 $790 - $2,770
Frequently Asked Questions

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

Rentable.co has over 48,329 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 $870 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 $1,070 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 $35,000 to live comfortably.

Find a Indianapolis Apartment

Racing, football, basketball and basically all other forms of competition are at the heart of Indianapolis. It is the capitol of the state, the largest city in Indiana, and home to more than 800,000 people. Government agencies are some of the largest and most important employers in the city, but it also has a strong manufacturing backbone. Tourism due to the sporting events hosted in the city, especially racing, also provides a strong boost to the local economy.

Indianapolis is famous for its downtown. The city compresses a huge amount of shopping, dining and other services into a small area that is easily traveled by foot. However, most people are visiting the downtown as a side-trip. The real thing that draws people to Indianapolis is the Indianapolis 500, an event so popular it is estimated to have more than 300,000 people attend it annually.

When to Search

When you need to rent a place in Indianapolis, avoid looking in May. The problem with May is that many people with suites available for rent will rent them out to tourists coming to town to take in the Indy 500. If you look in June though, the tourists are gone and many people will be looking to rent out their available units.

Staying in the Know

Applying for an apartment in Indianapolis should be treated like applying for a job. Just like you want an employer to form a good opinion of you and hire you, you want a landlord to extend you the trust of letting you live in a property they own. You do this the same way, by convincing them that you are professional, responsible and by providing good references.

Neighborhoods

Downtown Indianapolis
Fletcher Place
Herron Morton
Kingpark
Lexington Farms
Mapelton
Martindale
Old Northside
Riley
St Joseph
Upper Canal
West Indianapolis
Woodruff Place

Seach Cities Near Indianapolis, IN

  • Greenwood, IN
  • Plainfield, IN
  • Carmel, IN
  • Westfield, IN
  • Noblesville, IN
  • Franklin, IN
  • Greenfield, IN

    • Campuses Nearby

    Indiana University - Purdue University Indianapolis
    Butler University
    Ivy Tech Community College-Central Indiana
    University of Indianapolis
    Purdue University Global

    Life in Indianapolis

    Transportation

    The best method to get around Indianapolis depends on where you want to go. The closer you're staying to the city center, the better the bus is suited to your needs. For the interior of the city, it is fast, clean and efficient. However, if you want to get outside the interior, a car is really helpful, as bus routes are less frequent and in some cases not available at all to certain outlying areas.

    Where to play

    If you get a chance to attend a college football or basketball game, or a racing event, you'll get a real feel for what Indianapolis is all about. There are also museums celebrating the NCAA and the Motor Speedway Hall of Fame to visit on days without events. With more than a dozen golf courses available from the city, those who love a slower sport have lots to keep them entertained as well. Indy is also well known for its music, so visit Birdy's and the Chatterbox to experience some after-hours culture.

    Asset 2
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    Apartments Under $700
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    Apartments with Amenities
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    Apartments by Type
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    Indianapolis:
    June Rent Report

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

    Indianapolis rent prices decreased over the last month. From May to June, the city experienced a -1.07% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $922.0.

    When we take a look at the two-bedroom comparison from May to June, Indianapolis experienced a -1.19% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,163.0.

    June 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 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 Westfield, IN, Plainfield, IN, Greenwood, IN, Camby, IN, Fishers, IN .

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

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

    June 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
    Indianapolis, IN $932.0 -1.38% $1,177.0 -2.08%
    Carmel, IN $1,353.0 -0.81% $1,625.0 -0.49%
    Westfield, IN $1,256.0 0.88% $1,430.0 -5.92%
    Plainfield, IN $1,630.0 1.43% $1,843.0 1.04%
    Noblesville, IN $1,240.0 0.00% $1,629.0 0.80%
    Greenwood, IN $923.0 0.11% $1,270.0 -1.24%
    Camby, IN $1,324.0 5.50% $1,437.0 0.84%
    Fishers, IN $1,379.0 2.38% $1,775.0 5.15%

    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.