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Apartments for Rent in Indianapolis, IN

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Average rent in Indianapolis, Indiana

The average rent for a 1 bedroom apartment in Indianapolis is $1,289+, while the average rent for a 2 bedroom apartment is $1,487+. Rent rates updated 4 days ago
Studio
$1,173+
Prices trending down
1 Bed
$1,289+
Prices trending down
2 Beds
$1,487+
Prices trending down
3+ Beds
$1,789+
Prices trending down
* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods

Top neighborhoods in Indianapolis, IN

  • Map of Downtown Indianapolis

    Downtown Indianapolis

    What's it like to live in Downtown Indianapolis?

    Downtown Indianapolis pulses with urban energy where historic buildings stand alongside sleek high-rises creating distinctive skyline views throughout the central district. Renters enjoy exceptional walkability to restaurants, professional sports venues, and major employers with genuine pedestrian-friendly design unusual for typically car-dependent midwestern cities. Events at Lucas Oil Stadium create occasional congestion affecting everyday movement through some areas, but young professionals appreciate both the neighborhood's growing energy and strategic positioning at the center of Indianapolis' developing cultural renaissance with remarkable value compared to similar downtown districts in coastal cities despite premium positioning within the local market but with authentic urban experiences increasingly valued throughout the midwest.

    Great for

    • Young Professionals
    • Tech Workers
    • Nightlife Enthusiasts
    • Commuters
    • Investors

    Neighborhood vibe

    • Urban
    • Bustling
    • Walkable
    View 50 listings
  • Map of Near Southeast

    Near Southeast

    What's it like to live in Near Southeast?

    First-time homebuyers priced into the rental market feel at home in Near Southeast Indianapolis, where modest homes and small apartment buildings create opportunities for independent living without downtown prices. The neighborhood surrounds pleasant Fountain Square, a revitalized commercial district with an array of bars, restaurants, and the historic Fountain Square Theatre. Most rentals include off-street parking and modest yards – significant advantages compared to downtown options. Though some streets show varied maintenance levels, the neighborhood's ongoing renaissance has created genuine community among newcomers and long-term residents working together on improvement initiatives. The primary consideration remains the in-progress nature of redevelopment creating block-by-block variation in amenities and atmosphere, but the area's affordability and character typically outweigh these transitional concerns.

    Great for

    • Families
    • Retirees
    • Professionals
    • Young Renters
    • Commuters

    Neighborhood vibe

    • Mixed-Use
    • Peaceful
    • Mixed-Use & Commercial
    View 40 listings
  • Map of Near Eastside

    Near Eastside

    What's it like to live in Near Eastside?

    Artists and urban pioneers find their community in Near Eastside Indianapolis, where historic homes and converted industrial spaces offer architectural character at surprisingly accessible price points. The neighborhood's renaissance continues through creative initiatives including community murals and popup markets showcasing local makers. Unlike gentrified areas, you'll find authentic diversity and grassroots community organizations working toward inclusive development. Many properties feature unexpected architectural details from leaded glass windows to built-in bookshelves unavailable in contemporary construction. When seeking urban agriculture connections, the neighborhood's community gardens offer growing space for apartment dwellers, with several plots specifically reserved for rental residents.

    Great for

    • Families
    • Retirees
    • Professionals
    • Young Renters
    • Commuters

    Neighborhood vibe

    • Mixed-Use
    • Peaceful
    • Mixed-Use & Commercial
    View 87 listings

Find more rentals by

Amenities
  • Indianapolis Apartments with Garages (272)
  • Indianapolis Apartments with Gyms (170)
  • Indianapolis Apartments with Pools (167)
  • Indianapolis Apartments with Washer-Dryers (297)
  • Indianapolis Furnished Apartments (41)
  • Indianapolis Luxury Apartments (691)
  • Indianapolis Pet Friendly Apartments (639)
Bedrooms
  • 1 Bedroom Apartments in Indianapolis (247)
  • Studio Apartments in Indianapolis (63)
Price
  • Indianapolis Apartments under $1,000 (143)
  • Indianapolis Apartments with Move-in Specials (94)
  • Indianapolis Cheap Apartments (146)
Neighborhoods
  • Eastside (38)
  • Near Eastside (87)
  • Garfield Park (10)
  • Key Meadows (4)
  • Martindale - Brightwood (29)
  • North High School (8)
  • I69-fall Creek (5)
  • Fairgrounds (4)

Frequently Asked Questions (FAQs)

Indianapolis Rent Report: March 2026

Welcome to the Apartment List March 2026 Rent Report for Indianapolis, IN. Currently, the overall median rent in the city stands at $1,222, roughly the same as last month. Prices and are now up 0.1% year-over-year. Read on to learn more about what’s been happening in the Indianapolis rental market and how it compares to trends throughout the broader Indianapolis metro area and the nation as a whole.

Indianapolis Renter Confidence Survey

National study of renter’s satisfaction with their cities and states

Here’s how Indianapolis ranks on:

Overview of Findings

Apartment List has released Indianapolis’ results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

"Indianapolis renters expressed general satisfaction with the city overall," according to Apartment List. "However, ratings varied greatly across different categories, indicating that even hough renters love Indianapolis, some aspects can be better."

Key Findings in Indianapolis include the following:

  • Indianapolis renters gave their city a C+ overall.
  • The highest-rated categories for Indianapolis were affordability and commute time, which received A- and B+ grades, respectively.
  • The areas of concern to Indianapolis renters are weather (F) and public transit (D).
  • Indianapolis millennials are moderately satisfied with their city, giving it an overall rating of C+, while renters who are parents are less satisfied, giving it an F.
  • Indianapolis did relatively well compared to similar cities nationwide, including Columbus (C+), Baltimore (C) and Albuquerque (C).
  • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

Renters say:

  • "There are always things to do in Indianapolis, like events where you can get to know other people." -Annie N.
  • "It’s a good-sized city with a small-town feel." -Jennifer B.
  • "I love the way the Indianapolis area has evolved, but the increase in crime is a concern." -Anon.

For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.

View our national survey results.

Renting in Indianapolis: Tips and local insights

Navigate apartment hunting and city life like a local with our curated articles about Indianapolis, Indiana.

  • Apartment Hunting

    13 Pros and Cons of Living in Indianapolis [2025]

    September 29
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  • Apartment Moving

    The Best Indianapolis Neighborhoods for Every Lifestyle in 2025

    August 13
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  • Apartment Hunting

    Cheapest Places to Live in Indianapolis: Apartment List’s 2025 Ranking

    August 11
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