4 Apartments under 500 for rent in Plainfield, IN

Last updated March 22 at 1:58am UTC
Results within 5 miles of Plainfield, IN
Results within 10 miles of Plainfield, IN
4923 Rockville Rd
Garden City
Indianapolis, IN
Updated March 22 at 1:58am UTC
1 Bedroom
330 N Warman Ave
Near Westside
Indianapolis, IN
Updated March 1 at 9:55am UTC
1 Bedroom
47 West Marion Street
Danville, IN
Updated February 13 at 2:01am UTC
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March 2018 Plainfield Rent Report

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

View full Plainfield Rent Report
Rent Report

March 2018 Plainfield Rent Report

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

Plainfield rents declined marginally over the past month

Plainfield rents have declined 0.2% over the past month, but have increased slightly by 1.7% in comparison to the same time last year. Currently, median rents in Plainfield stand at $770 for a one-bedroom apartment and $950 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in November of last year. Plainfield's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 2.3%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Plainfield, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.8% 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 $1,200; of the 10 largest cities in Indiana that we have data for, South Bend and Lafayette, where two-bedrooms go for $840 and $800, are the only two major cities in the state to see rents fall year-over-year (-1.3% and -0.1%).
  • Fort Wayne, Indianapolis, and Carmel have all experienced year-over-year growth above the state average (3.2%, 2.6%, and 2.2%, respectively).

Plainfield rents more affordable than many large cities nationwide

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

  • Plainfield's median two-bedroom rent of $950 is below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 1.7% increase in Plainfield.
  • While Plainfield's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), Atlanta (+2.3%), and Seattle (+2.1%).
  • Renters will find more reasonable prices in Plainfield than most large cities. For example, San Francisco has a median 2BR rent of $3,040, which is more than three times the price in Plainfield.

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 -0.1% 2.6%
Carmel $970 $1,200 1.3% 2.2%
Fishers $960 $1,190 0.2% 1.2%
Noblesville $770 $960 0.0% 0.9%
Greenwood $720 $890 -0.4% 2.2%
Plainfield $770 $950 -0.2% 1.7%
Greenfield $700 $870 -0.6% 2.3%
Zionsville $1,210 $1,500 1.5% 0.9%

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.


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.