Living in Indianapolis, IN
Living in Indianapolis, IN
Indianapolis, IN Renter’s Guide
As of June 2025, the median rent in Indianapolis is $1,242. That’s a 0.5% bump from last month and a 2.4% climb year-over-year. One-bedrooms average $1,069, while two-bedrooms are at $1,266.
Rents here are rising faster than average, but Indianapolis still clocks in well below the national median. With prices 11.2% lower than the U.S. norm—and strong marks for affordability and career opportunities—it’s an appealing pick for renters who want more value for their budget.
Want help narrowing your options? Take our apartment quiz to find rentals that match your needs.
Renter Satisfaction in Indianapolis, IN
| Category | Grade |
|---|---|
| Overall satisfaction | C+ |
| Recreational activities | C+ |
| Social Life | C+ |
| Public transit | D |
| Safety and crime rate | C+ |
| Affordability | A- |
| Commute time | B+ |
| Pet-friendliness | B- |
| Jobs and career opportunities | B |
| Quality of schools | B- |
Apartment List’s Renter Satisfaction Survey captures how renters feel about living in Indianapolis—and what’s working (or not). Based on over 45,000 responses nationwide, the results highlight what stands out to renters in Indy.
Renters gave Indianapolis a C+ for overall satisfaction. Affordability and commute time earned high marks, but concerns around public transit and weather dragged the score down. The city gets the basics right, but there’s still room for improvement.
Key findings in Indianapolis include:
- Renters gave the city a C+ overall.
- Affordability (A-) and commute time (B+) were the top-rated categories.
- Public transit received a D, while weather earned a C+—the two lowest scores.
- Millennials rated the city a C+, but parents gave it an F.
- Compared to peer cities like Columbus, Baltimore, and Albuquerque, Indianapolis held its own.
Indianapolis, IN Renter Reviews
- "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.
Frequently Asked Questions
Are rents dropping in Indianapolis?
No—prices are climbing. The median rent in Indianapolis rose 0.5% last month and is up 2.4% compared to this time last year. That’s faster than the national average.
Is Indianapolis affordable?
Affordability is one of the city’s standout strengths. With a median rent of $1,242, prices are 11.2% below the national average.
What is the cheapest area in Indianapolis to live in?
Greenwood offers the lowest rents among the cities we track, with a median 1-bedroom rent of $1,062. It’s a smart pick for renters looking to save without leaving the metro.
What is the best area in Indianapolis to live in?
Popular neighborhoods include Broad Ripple, Fletcher Place, and Irvington—each offering their own mix of charm, walkability, and access to downtown.
What are traffic and public transit like in Indianapolis?
Renters gave commute time a solid B+, suggesting most people find driving manageable, especially compared to bigger cities. Traffic tends to peak during standard rush hours (7 to 9 a.m. and 4 to 6 p.m.), but overall, congestion isn’t a major complaint.
Is it cheaper to rent or own in Indianapolis?
With median rent at $1,397 and homeowner costs averaging $1,553, renting is often the more affordable move.
What’s the best time to find an apartment in Indianapolis?
Prices tend to climb through spring and summer. If you're after the best deal, apartment hunting in winter—especially in December or January—can offer lower prices and less competition.
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