216 Houses for rent in Indianapolis, IN

Last updated May 22 at 5:09pm UTC
6655 Locust Grove Drive
South Franklin
Indianapolis, IN
Updated May 22 at 5:09pm UTC
4 Bedrooms
$1,295
6628 N Tuxedo Lane
Glendale
Indianapolis, IN
Updated May 22 at 5:09pm UTC
3 Bedrooms
$1,595
516 E 10th Street
Downtown Indianapolis
Indianapolis, IN
Updated May 22 at 5:09pm UTC
2 Bedrooms
$1,900
1615 Spann Avenue
Fountain Square
Indianapolis, IN
Updated May 22 at 5:09pm UTC
2 Bedrooms
$1,325
2313 Real Quiet Drive
Indianapolis
Indianapolis, IN
Updated May 22 at 12:47pm UTC
3 Bedrooms
$1,345
3856 Candle Berry Drive
Indianapolis
Indianapolis, IN
Updated May 22 at 12:31pm UTC
3 Bedrooms
$1,235
1932 W. 63rd St
Crooked Creek
Indianapolis, IN
Updated May 22 at 12:31pm UTC
3 Bedrooms
$900
1521 Tina Marie Circle
Indianapolis
Indianapolis, IN
Updated May 22 at 12:30pm UTC
3 Bedrooms
$899
321 S. Rural Street
Near Southeast
Indianapolis, IN
Updated May 22 at 12:29pm UTC
1 Bedroom
$650
1312 E. Sumner Avenue
University Heights
Indianapolis, IN
Updated May 22 at 12:26pm UTC
3 Bedrooms
$850
4024 N. Butler Ave
Devington
Indianapolis, IN
Updated May 22 at 12:26pm UTC
3 Bedrooms
$775
2310 Groff Ave
Eagledale
Indianapolis, IN
Updated May 22 at 12:25pm UTC
3 Bedrooms
$745
2221 Howard St.
West Indianapolis
Indianapolis, IN
Updated May 22 at 12:24pm UTC
4 Bedrooms
$975
8309 Schoen Dr.
Indianapolis
Indianapolis, IN
Updated May 22 at 12:23pm UTC
2 Bedrooms
$750
1720 N Alton Ave
Eagledale
Indianapolis, IN
Updated May 22 at 12:30pm UTC
3 Bedrooms
$795
8933 Orchid Bloom Place
Chapel Hill - Ben Davis
Indianapolis, IN
Updated May 22 at 12:30pm UTC
3 Bedrooms
$1,175
4053 N. Butler Ave.
Devington
Indianapolis, IN
Updated May 22 at 12:29pm UTC
3 Bedrooms
$750
5935 Parterra Drive
I65-South Emerson
Indianapolis, IN
Updated May 22 at 12:29pm UTC
3 Bedrooms
$1,205
5518 S Arlington
I65-South Emerson
Indianapolis, IN
Updated May 22 at 12:28pm UTC
3 Bedrooms
$1,175
7734 Cole Wood Boulevard
Raymond Park
Indianapolis, IN
Updated May 22 at 12:27pm UTC
3 Bedrooms
$1,345
2005 Sharon Avenue
Eagledale
Indianapolis, IN
Updated May 22 at 12:27pm UTC
3 Bedrooms
$675
3410 Brandenburg Boulevard
Five Points
Indianapolis, IN
Updated May 22 at 12:31pm UTC
3 Bedrooms
$1,250
1317 S. Senate Ave.
Near Southside
Indianapolis, IN
Updated May 22 at 12:28pm UTC
2 Bedrooms
$800
407 N. Gladstone Ave
Near Eastside
Indianapolis, IN
Updated May 22 at 12:24pm UTC
3 Bedrooms
$750
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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.