44 Condos for rent in Indianapolis, IN

Last updated May 20 at 11:19am UTC
6449 Park Central Drive W. Unit #C
Delaware Trail
Indianapolis, IN
Updated May 20 at 11:19am UTC
1 Bedroom
$795
2021 Lisa Walk Drive
South Perry
Indianapolis, IN
Updated May 20 at 11:19am UTC
3 Bedrooms
$1,250
2004 Lisa Walk Drive
South Perry
Indianapolis, IN
Updated May 20 at 11:19am UTC
3 Bedrooms
$1,195
6581 RESERVE Drive
Broad Ripple
Indianapolis, IN
Updated May 20 at 11:19am UTC
2 Bedrooms
$1,950
355 East OHIO Street
Downtown Indianapolis
Indianapolis, IN
Updated May 19 at 8:45am UTC
1 Bedroom
$1,675
215 North NEW JERSEY Street
Downtown Indianapolis
Indianapolis, IN
Updated May 19 at 8:43am UTC
2 Bedrooms
$2,275
2999 Eagles Crest Circle C
Key Meadows
Indianapolis, IN
Updated May 18 at 10:46am UTC
2 Bedrooms
$900
9565 Maple Way
College Park
Indianapolis, IN
Updated May 18 at 5:57am UTC
2 Bedrooms
$1,145
1646 Marborough Lane
Crooked Creek
Indianapolis, IN
Updated May 16 at 9:59am UTC
2 Bedrooms
$850
11536 Sunset Cove Lane
Indianapolis
Indianapolis, IN
Updated May 15 at 10:10am UTC
2 Bedrooms
$1,200
1031 Longwell Place
Nora - Far Northside
Indianapolis, IN
Updated May 13 at 10:14am UTC
2 Bedrooms
$1,199
7412 Sandawe Place
Southern Dunes
Indianapolis, IN
Updated May 11 at 5:00am UTC
2 Bedrooms
$1,275
224 North EAST Street
Downtown Indianapolis
Indianapolis, IN
Updated May 10 at 2:39am UTC
2 Bedrooms
$2,495
7452 Country Brook Drive
Delaware Trail
Indianapolis, IN
Updated May 4 at 8:48pm UTC
2 Bedrooms
$900
5526 Kerns Lane
Snacks - Guion Creek
Indianapolis, IN
Updated May 2 at 11:29pm UTC
2 Bedrooms
$2,500
8410 Hague Road
I69-Fall Creek
Indianapolis, IN
Updated May 1 at 9:30pm UTC
3 Bedrooms
$1,250
519 North Park Avenue
Downtown Indianapolis
Indianapolis, IN
Updated April 25 at 2:44am UTC
2 Bedrooms
$2,200
4033 Central Avenue
Meridian Kessler
Indianapolis, IN
Updated April 17 at 3:13pm UTC
3 Bedrooms
$2,100
1107 East 10th Street
Downtown Indianapolis
Indianapolis, IN
Updated April 16 at 7:35am UTC
3 Bedrooms
$2,995
691 Village Place North Drive
Indianapolis
Indianapolis, IN
Updated April 9 at 5:21am UTC
1 Bedroom
$850
6564 Reserve Drive
Broad Ripple
Indianapolis, IN
Updated April 2 at 11:30pm UTC
2 Bedrooms
$1,550
9412 Oakley Drive
Nora - Far Northside
Indianapolis, IN
Updated May 5 at 1:42pm UTC
3 Bedrooms
$2,100
8690 Jaffa Court Drive W
Nora - Far Northside
Indianapolis, IN
Updated April 14 at 3:43am UTC
2 Bedrooms
$1,650
450 Massachusetts Avenue
Downtown Indianapolis
Indianapolis, IN
Updated April 14 at 3:41am UTC
1 Bedroom
$1,250
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

May 2018 Indianapolis Rent Report

Welcome to the May 2018 Indianapolis Rent Report. Indianapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

View full Indianapolis Rent Report
Rent Report
Indianapolis

May 2018 Indianapolis Rent Report

Welcome to the May 2018 Indianapolis Rent Report. Indianapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

Indianapolis rent trends were flat over the past month

Indianapolis rents have remained flat over the past month, however, they have increased slightly by 1.7% year-over-year. Currently, median rents in Indianapolis stand at $690 for a one-bedroom apartment and $850 for a two-bedroom. Indianapolis' year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.5%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Indianapolis, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,210; of the 10 largest cities in the state that we have data for, Lafayette, where a two-bedroom goes for $800, is the only major city to see rents fall year-over-year (-0.3%).
  • South Bend, Fort Wayne, and Noblesville have all experienced year-over-year growth above the state average (3.6%, 2.3%, and 2.2%, respectively).

Indianapolis rents more affordable than many similar cities nationwide

As rents have increased slightly in Indianapolis, a few comparable cities nationwide have also seen rents grow modestly. Indianapolis is still more affordable than most other large cities across the country.

  • Indianapolis' median two-bedroom rent of $850 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.7% increase in Indianapolis.
  • While Indianapolis' rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Indianapolis than most similar cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than three-and-a-half times the price in Indianapolis.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Indianapolis $690 $850 0.2% 1.7%
Carmel $970 $1,210 -0.2% 1.8%
Fishers $960 $1,190 -0.2% 0.7%
Noblesville $800 $990 1.6% 2.2%
Greenwood $720 $890 -0.1% 2.2%
Plainfield $770 $950 0.2% 2.5%
Zionsville $1,230 $1,520 1.0% 4.8%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.