45 Condos for rent in Indianapolis, IN

Last updated July 22 at 2:30pm UTC
2003 Lisa Walk Drive
South Perry
Indianapolis, IN
Updated July 22 at 2:30pm UTC
3 Bedrooms
$1,250
3684 Newgate Lane
Indianapolis
Indianapolis, IN
Updated July 22 at 2:30pm UTC
2 Bedrooms
$650
1935 Lisa Walk Drive
South Perry
Indianapolis, IN
Updated July 22 at 2:30pm UTC
3 Bedrooms
$1,195
2021 Lisa Walk Drive
South Perry
Indianapolis, IN
Updated July 22 at 2:30pm UTC
3 Bedrooms
$1,250
1269 Farley Dr
Chapel Hill - Ben Davis
Indianapolis, IN
Updated July 22 at 11:33am UTC
2 Bedrooms
$625
318 East Ohio Street
Downtown Indianapolis
Indianapolis, IN
Updated July 21 at 6:39am UTC
3 Bedrooms
$2,400
651 Village Place North Drive
Indianapolis
Indianapolis, IN
Updated July 20 at 10:28pm UTC
2 Bedrooms
$1,000
641 Village Place North Drive
Indianapolis
Indianapolis, IN
Updated July 20 at 10:28pm UTC
1 Bedroom
$1,000
6449 Park Central Drive W
Delaware Trail
Indianapolis, IN
Updated July 20 at 10:28pm UTC
1 Bedroom
$795
8313 Codesa Way
Trader's Point
Indianapolis, IN
Updated July 19 at 10:26pm UTC
3 Bedrooms
$1,395
355 East OHIO Street
Downtown Indianapolis
Indianapolis, IN
Updated July 18 at 10:31pm UTC
1 Bedroom
$1,625
450 Massachusetts Avenue
Downtown Indianapolis
Indianapolis, IN
Updated July 18 at 3:11am UTC
1 Bedroom
$1,400
9686 Rialto Trail
The Retreat Condominiums
Indianapolis, IN
Updated July 17 at 11:02pm UTC
2 Bedrooms
$1,520
7043 Gavin Drive
Southern Dunes
Indianapolis, IN
Updated July 11 at 6:59am UTC
3 Bedrooms
$1,250
5711 Carrousel Drive
Snacks - Guion Creek
Indianapolis, IN
Updated July 11 at 6:59am UTC
2 Bedrooms
$1,000
2384 The Springs Drive
St. Vincent - Greenbriar
Indianapolis, IN
Updated July 11 at 3:05am UTC
3 Bedrooms
$1,645
1529 North Alabama Street
Near Northside
Indianapolis, IN
Updated July 10 at 3:15am UTC
2 Bedrooms
$2,900
450 East Ohio Street
Downtown Indianapolis
Indianapolis, IN
Updated July 8 at 6:43pm UTC
1 Bedroom
$1,785
1128 Falcon Ridge
The Retreat Condominiums
Indianapolis, IN
Updated July 19 at 10:27pm UTC
3 Bedrooms
$1,750
2773 Del Prado Drive
South Perry
Indianapolis, IN
Updated July 16 at 10:24am UTC
3 Bedrooms
$900
524 North Lockerbie Circle
Downtown Indianapolis
Indianapolis, IN
Updated July 4 at 6:47pm UTC
2 Bedrooms
$2,450
215 North NEW JERSEY Street
Downtown Indianapolis
Indianapolis, IN
Updated July 2 at 9:42pm UTC
2 Bedrooms
$2,175
7527 REFLECTIONS Drive
Aspen Ridge
Indianapolis, IN
Updated June 29 at 2:26am UTC
3 Bedrooms
$1,220
7954 SUNSET COVE Drive
Indianapolis
Indianapolis, IN
Updated June 27 at 8:26am UTC
2 Bedrooms
$1,150

July 2018 Indianapolis Rent Report

Welcome to the July 2018 Indianapolis Rent Report. Indianapolis rents increased 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

July 2018 Indianapolis Rent Report

Welcome to the July 2018 Indianapolis Rent Report. Indianapolis rents increased 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 rents increased moderately over the past month

Indianapolis rents have increased 0.3% over the past month, and have increased slightly by 1.8% in comparison to the same time last year. Currently, median rents in Indianapolis stand at $690 for a one-bedroom apartment and $860 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in February. Indianapolis' year-over-year rent growth leads the state average of 1.2%, as well as the national average of 1.4%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 1.2% 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, Fishers is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,200; of the 10 largest Indiana cities that we have data for, all have seen rents rise year-over-year, with South Bend experiencing the fastest growth (+9.6%).
  • Noblesville, Indianapolis, and Bloomington have all experienced year-over-year growth above the state average (5.6%, 1.8%, and 1.4%, respectively).

Indianapolis rents more affordable than many similar cities nationwide

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

  • Indianapolis' median two-bedroom rent of $860 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% increase in Indianapolis.
  • While Indianapolis' rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Indianapolis than most comparable cities. For example, San Francisco has a median 2BR rent of $3,070, 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 $860 0.3% 1.8%
Carmel $960 $1,190 -0.6% 0.3%
Fishers $970 $1,200 0.5% 0.1%
Noblesville $820 $1,020 1.2% 5.6%
Greenwood $720 $890 -0.2% 1.2%
Plainfield $780 $970 -0.1% 4.4%
Zionsville $1,260 $1,560 1.9% 3.6%

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.